Hires Charlie Fry as EVP for reinsurance purchasing and risk capital optimization. He moves from Acacia Holdings, where he was CEO for a short stint, after having worked at AIG as global head of reinsurance strategy and head of global portfolio management for general insurance from 2017 to 2020.
Allianz Global Corporate & Specialty (agcs.allianz.com) moves Guy Money to global head of multinational business, as part of establishing new market-facing team serving global insurance program sector for large and midsize companies needing cross-border coverage. Changes include enhanced regional focus. Additionally, AGCS captive solutions team is being integrated into the multinational business.
Agrees to buy primary-care clinic operator and telemedicine provider 1Life Healthcare (dba One Medical) for $3.9 billion. One Medical operates more than 180 practices in the United States and provides in-person and virtual healthcare to employees at more than 8,000 companies. The move to buy employee healthcare access follows a failed attempt at creating a healthcare company, called Haven, with JPMorgan Chase and Berkshire Hathaway. One Medical CEO Amir Dan Rubin will be CEO of the acquired unit, which will become part of Amazon Care.
Hires Jeff Duncan as EVP for commercial lines, based in Boston. He moves from Liberty Mutual and replaces Bruce Sanderson, who was appointed EVP for North American field operations.
Forms entertainment and sports division composed of existing, acquired and future business segments. Headquartered in Los Angeles, it will also have an office in New York. Jerid Schmickle hired as CEO of the unit. Tim Troester is COO. Both come from Reel Media Insurance Services.
Andrew Annandale will retire from his post as group CEO and managing director of Argenta Syndicate Management at year-end. Nick More, Argenta Syndicate Management’s deputy MD and chief actuary, will take up both roles at that time.
Promotes Elizabeth Johnson to COO for North America insurance, a newly created role based in New York. >> Launches new U.S. marine insurance division, led by EVP Tom Nasso. Combines U.S. ocean and inland marine and will sell through retail and wholesale brokers in the United States. >> Works with Marsh to place marine cargo and war facility of up to $50 million to provide coverage for grain and food shipments out of Ukrainian ports.
Promotes Peter Kiernan to head of U.S. property for Bermuda reinsurance, replacing Simon Penney, who moved to global head of underwriting analytics. >> Promotes Olivia Shing to head of international casualty for United Kingdom and Lloyd’s.
Restructures large commercial property and Canadian and E&S property teams to form unified North American Commercial Property Team. Four regional hubs will serve local brokers: Central Region, headed by Robert Sadler, based in Chicago (he moves from Ironshore); Northeast, headed by Ashley Irwin in New York; Southeast, headed by Reid Jaffe, based in Atlanta; and West, headed by Tim Carlin, based in San Francisco. The latter three are internal moves.
Enters Swiss market with new office in Zurich. Promotes Leander Metzger to country manager. The company began in Switzerland with writing property, casualty, executive and professional lines and plans to launch several other lines before year-end.
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