Operations/tech
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The acquisition follows a $400mn debt issue from Beach parent Acrisure last year to finance M&A.
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Run-off costs and reserve strengthening for the Lloyd's unit will cost American Financial Group $50mn-$60mn in Q4.
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The Nexus unit will write trade credit risk in the US on a fully admitted basis.
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The executive will work closely with international CEO Vincent Vandendael in the new post.
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The executive is the youngest brother of CEO J. Powell Brown.
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Former Generali UK manager and head of financial lines hired.
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The Californian specialty property insurer's scaled-up programme provides coverage of up to $1.2bn for earthquake events.
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Leo Kirchner will take on the role of president and CEO of Thomas Miller Americas following Mike Jarrett’s retirement.
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Dean Anderson, Roger Maldonado and Taylor Anderson will join the broker’s southeast practice in Atlanta, Georgia.
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Senior hires join from Chubb, Brit and Liberty Specialty Markets.
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The carrier appoints two senior staff to the executive committee and will split the operations department into finance and IT functions.
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It is unclear whether Argo’s board is so shameless as to be immune from public criticism, or so addicted to it that they are actively seeking it.