Global Overview Update Week 28

Fred DeMinico has been appointed Head of Independent Distribution in the US in an internal move. 

Willis Towers Watson has acquired a 49% stake in India-based Almondz Insurance Brokers, which handles 800 Corporate clients.

Michel Liès is set to replace Tom de Swaan as Chairman of Zurich Insurance. Liès joins from Swiss Re.

John Doyle has been appointed Global CEO of Marsh.  Doyle was previously CEO for AIG’s commercial insurance business. 

120 jobs are set to be at risk after AVIVA announced intentions to close its Southend office. 

Sir Elton John has invested in a cultural Artificial Intelligence platform alongside AXA Strategic Ventures in a AUD6.5 million closing round.

Ian Barclay, the Managing Director of Rural Insurance, has resigned from his role. 

AVIVA has launched a new “Health Essentials” insurance product to its Corporate Clients to enable employers to offer top-up cancer and physiotherapy cover to their employees.

Voyager Insurance has named Carl Carter as Managing Director.

Collidge & Partners, the specialist Marine Insurance Broker, has been acquired by Green Insurance.

Neon has appointed Mark Gibson as ReInsurance and Alternative Capital Director.

Stephen Foster has been appointed Technical Director for Marine at Cunningham Lindsey.

CFC Underwriting has partnered with identity management and data theft service CyberScout to offer best in class cyber support services to its clients.

Generali is searching for a buyer for its USD50 billion German Life Insurance unit, Generali Leben 

Beazley has received authorization from the Central Bank of Ireland to convert its ReInsurance Designated Activity Company into Beazley Insurance Designated Activity Company

Hiscox has appointed Joseph Reynolds as Vice President, architects and engineers product head; and Thomas Rea Vice President, Professional Liability product head.  Both will be based in New York.

Information for the Australian FS Digest is taken from a number of news sources and company communications including The Australian Financial Review, Post Online and Money Management 

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