Cigna Healthcare, International Health has appointed Mr Neil Kirby as CEO of Global Individual Health (GIH). In his new role, he will spearhead GIH's global expansion.
With the December 2024 date for the adoption of Insurance Capital Standard (ICS) approaching, the Executive Committee of the International Association of Insurance Supervisors (IAIS) has agreed on an initial plan for ICS implementation.
Lockton, the world's largest independent and privately held insurance brokerage, reported global revenue of $3.55bn for its fiscal year ended 30 April 2024 (FY2024), compared to $3.09bn in FY2023.
Canopius has appointed Mr Mark Houghton as global product leader, specialty, effective October 2024. It is a newly created role.
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.
The value of revenues earned worldwide by MGA, MGU and cover-holder groups (a.k.a. delegated underwriting authority / underwriting agency groups) was around $23.9bn in 2023, according to an analysis by Insuramore.
Chubb has appointed Mr David Kirk as division president of Chubb Global Markets, subject to regulatory approval and effective 1 July 2024. He presently serves as head of marine and deputy chief underwriting officer for the division.
At the 2024 General Assembly, The Geneva Association appointed Mr Lee Yuan Siong as chairman.
Capital providers seeking to align with underwriting agencies have identified six "pillars" they want agencies to have developed or be able to build.
MS Reinsurance has appointed Mr Miguel Marin as head of data. In his new role, he will be responsible for managing the cloud-native data and analytics platform and will advance key data strategies.