This parametric insurance technology company is partnering with travel assistance firm Continental Assist to promote and expand parametric insurance products throughout Latin America, starting with Blue Access, a parametric flight delay product for travelers facing disruptions of three hours or more.
Adds more than 40 new classes of business to its miscellaneous professional liability product and increases the eligible revenue limit for businesses to $50 million. >> Appoints Kristie Felton, previously head of partnerships, as head of insurance. at-bay.com
Begins laying off about 11% of company’s workforce, some 2,400 people, citing macroeconomic challenges to sustainability.
Promotes Charles Hamann to president of small commercial, succeeding Michael Keane, who is now working on long-term strategy.
Hires Christopher Flint as president of Kemper Life, based in Chicago. He joins from USAA.
HSB Canada hires Jeff Walker as head of treaty reinsurance and broker and MGA distribution. He moves from Intact Insurance.
Hires Simon Harker, who was global chairman and CEO of Marsh’s aviation practice.
This reincarnation of India’s Reliance Strategic Investments has created an insurance business and is beginning organizational building, starting with an executive search for a CEO. Reliance had to spin off its financial services business due to Indian law. Jio became publicly listed in August.
Hires Allison Janisch as global product leader for casualty in Global Risk Solutions. She moves from Axis Capital and will relocate to Boston. She replaces Noel MacCarthy, who retired.
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