Operations/tech
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The US carrier has offloaded a tranche of liability business written out of London.
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Ex-Ariel CFO Angus Ayliffe becomes the latest member to join the team, which Jeff Clements will lead. -
The broker will add a Belgian office alongside its London operation for post-Brexit trading.
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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.
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Brian Johnston will work as CEO and CFO, with Tom Hodson as deputy CEO and Stephanie Mocatta leading business development.
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CEO Greg Hendrick said the composition of the new carrier would eventually be more heavily weighted to insurance business.
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The seller’s CEO previously noted InsuraMatch had problems with client retention but said annual losses of about $1mn were affordable.
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The latest appointments include former Markel property head Peta White and former EY partner Gail McGiffin.
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The company said it would not be safe to host up to 40,000 delegates in May, but that physical meetings would return.
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The revamped insurer backs the intermediary’s long-term care binder.
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The CEO said that state-wide expansion would be a “substantial growth lever” for the business.
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The early January close rests on achieving regulatory approvals by the end of December.
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