Operations/tech
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The insurer will move its Atlanta-area assets to a new "innovation hub". -
The chief executive will also receive a yearly bonus of 200% of base salary.
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Arch announced the retirement of CEO Marc Grandisson on Monday, with immediate effect.
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Last week, the insurer placed ~450 staff at risk of redundancy in its international business.
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The move is the latest phase of the operational transformation program, AIG Next.
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Reinsurers continued to diversify into primary and specialty business.
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The unit will support Ascot’s third-party capital business.
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Axa's newly formed teams join the company's "complex cyber" unit.
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Trade, technology, weather and workforce were identified as the main megatrends.
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The operation will be led by Stephen Saunders, with Jawad Ghunaim from AIG as CUO.
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