At the AGM, 10 members of the new Generali board were selected from the majority list, while Caltagirone, Marina Brogi, and Flavio Cattaneo emerged from the first minority list. On May 12, when the board committees were set up, the trio renounced being part of any existing committee. Instead, Caltagirone’s camp requested the establishment of […]
When quizzed about the cause of this trend, 30% of business owners said resignations are due to employees wanting to pursue a passion, while 28% believe employees are just burnt out or don’t have enough work flexibility. However, employees cited things like better job security, stronger cultural fit, or more competitive financial incentives as their […]
RPM is also on the hook for interest. Judge Engelmayer found that RPM had “willfully breached its obligations” under the merger agreement. Family-owned California-based mortgage bank RPM was meant to buy a major share in Entitle Direct Group, an Ohio-based title insurance company owned by Partner Re, but RPM failed to show up at the […]
“Thus, 2021 represents an unusual end to the past decade in which growth was much lower (+3.6% per year on average) and driven by Asia, which accounted for 40% of all additional premiums, more than half of them written in China. As a consequence, China’s global market share doubled to 12%,” the report said. Read […]
Special general meeting is adjourned Source link
USAA has announced the appointment of Clyde Douglas (pictured above) as senior vice president and general manager of claims. In his new role, Douglas will oversee the company’s claims organization. Douglas has more than 25 years of industry experience. He joins USAA from Chubb, where he served as executive vice president and chief […]
Gordon pointed out that small- and medium-sized businesses are expected to see an increase in their insurance costs when they buy or renew a policy – even if they have not made a claim in the preceding year – all thanks to certain economic pressures. APCIA cited a recent survey from the Council of Insurance […]
Global insurance broker Lockton posted record-breaking revenue of $2.69 billion in the 2022 fiscal year ending April 30, representing 27% growth from the previous year, most of which was considered organic. US-headquartered Lockton is a privately-owned brokerage with approximately 9,000 associates doing business in over 125 countries. Over the past 12 months, the […]
Ryan Specialty Group Holdings (RSG) has published its results for the first quarter ended March 31, 2022, and revealed strong performance driven by a focus on its “winning formula for success.” For Q1 2022, the company’s total revenue grew 24.2% year-over-year to $386.9 million, up from $311.5 million in Q1 2021. According to […]
The Global Federation of Insurance Associations (GFIA) has terminated the membership of the All-Russian Insurance Association (ARIA). According to the trade body, which represents insurers that account for 89% of premiums worldwide, the move reflects its condemnation of the Russian government’s military actions against Ukraine. “One of GFIA’s purposes is to contribute to […]