Operations/tech
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The per-share price is a 35% premium to yesterday’s close. -
The insurance holding company confirms it will take 72% share in the Lloyd’s (re)insurer.
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Clix index will provide insured loss data for all major nat cat events since 2000.
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The move gives the business EU passporting rights in time for the end of the Brexit transition period.
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The deal will come into effect on 1 October, with the specialty player's gross lines likely to scale up by a quarter.
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All employees received a one-off special bonus in June using the company’s unused travel and entertainment budget.
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The case for an AIG break-up is clear, but the market remains skeptical. We outline the primary pushback and arguments against it.
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Gabe Mansky and Andrea Friedman will focus on Israeli-based corporations and banks and their US affiliates.
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Tamara Simpkins Franklin will join on 1 October and report directly to president and CEO John Doyle.
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The former Liberty executive’s long-term ambition is to build a tech-enabled, London-based risk carrier to align with the Future at Lloyd’s vision.
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Cameron Martin, Katie Flynn, Erica Kasperkowiak and Matt Movafaghi have joined the business.
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