Operations/tech
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Finance minister Nirmala Sitharaman said the government will lift the foreign direct ownership cap from 49% to 74%.
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Run-off business from the carrier’s general insurance and Fortitude Re units will now sit within its other operations segment. -
The broking executive retains his role as president of the intermediary’s southern region.
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The executive takes over from Megan Thomas, who left to become the CEO at Hamilton Re in September.
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The Australian carrier centralises its inwards reinsurance operation within the international segment.
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Hessing joined the company in September to replace David Atkins, who had been with Enstar since 2003.
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CEO Case has given insight here into how he hopes to win the battle for hearts and minds within the enlarged firm.
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The InsurTech uses computer vision to assess photos of damaged vehicles to increase the speed of claims processing.
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An all-staff memo obtained by this publication stresses Case and Haley’s emphasis on a ‘one firm’ approach.
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Gebauer, Kent, Pullum and Garrard are among the Willis execs named to big jobs.
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The appointments comes after launches in Hong Kong and Singapore.
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The family is looking to put three representatives onto the insurer’s board including Daniel Shapiro.
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