AIG names chief digital officer; FM names CIO: Insurance news

Enjoy complimentary access to top ideas and insights — selected by our editors.

The following summaries are written by the Digital Insurance editorial staff.

Digital Insurance reviews a high volume of news leads every week for this and other stories. Please send press releases and other information to kaitlyn.mattson@arizent.com.

AIG names chief digital officer

AIG announced Scott Hallworth as chief digital officer. Hallworth will lead digital, data and Gen AI strategy. Hallworth joins the company from Hewlett Packard where he was a senior executive. He previously served as chief data officer for HP Inc and Capital One. 

Peter Zaffino, chairman and CEO, AIG, said in a statement: "Scott Hallworth brings a deep, technical background in digital, Gen AI and actuarial capabilities to AIG. He is an accomplished leader with broad expertise, supported by over 30 years of experience leading enterprise-wide digital and data strategies across the technology, banking and insurance industries. His distinguished track record of bringing Gen AI to market and scaling across complex organizations makes him exceptionally well-qualified to join AIG at this exciting time as we continue to shape the future of our company and the industry."

Markel sells its reinsurance renewal rights to Nationwide

Markel has completed the sale of renewal rights for its global reinsurance business to Nationwide. It was announced July 30. Nationwide will delegate underwriting and management of all renewal policies in the transaction to Ryan Re Underwriting Managers, a MGU of Ryan Specialty. Transaction terms were not publicly disclosed. 

Simon Wilson, CEO of Markel Insurance, said in a statement: "This move will sharpen our focus on doing more of what we do best so that we can grow our core specialty insurance business. We are grateful to Nationwide and Ryan Re for being great partners throughout this transaction."

FM names CIO

FM named Tara Long as senior vice president and chief information officer. Long will oversee technology strategy. Long joins the company from MassMutual where she was chief technology officer and head of enterprise infrastructure services. 

Randy Hodge, chief operating officer of FM, said in a statement: "Tara brings a wealth of experience in leading digital transformations and driving large-scale operational improvements to enhance the client experience and advance business objectives. She will collaborate closely with partners from across FM to ensure our technology initiatives not only serve our clients effectively but also position them—and our business—for long-term success."

FM also announced its subsidiary FM Seguros has obtained a license to operate as an insurer in Brazil. 

NFP hires Ryan to manage risk in Central and West territories

P&C broker NFP has hired Tom Ryan as managing director of complex risk for its Central and West regions.

Ryan brings over two decades of experience to the role, most recently as regional vice president and casualty practice leader for the Midwest and Great Lakes region at Gallagher. His experience also includes an executive role at Lockton Companies.

"Tom will be a great resource for our P&C clients and producers and will play an integral role in expanding existing relationships," said Sean Hickey, senior vice president of Complex Risk at NFP. "His risk management expertise across various industries will provide tremendous value for our clients as we enhance our competitiveness and scale to support a dynamic risk landscape."

Trucordia promotes Greve in marketing

Insurance brokerage Trucordia has promoted Leslie Greve to senior vice president of marketing, from a vice president role. 

"Her strategic leadership, creativity, and ability to lead through change have helped position our company as a modern, integrated, and chosen partner across all of our markets," said Felix Morgan, Chief Executive Officer of Trucordia.

Greve led a rebranding that brought legacy offices under the Trucordia brand. "Leading this company's marketing team through this exciting period of growth and change has been one of the most rewarding experiences of my career," she said.

INTX partners with AndDone, Imperial PFS to embed payments and financing

P&C insurance management systems provider INTX has partnered with AndDone, a digital payments platform, and Imperial PFS, a financing company, to embed payments and financing capabilities in its systems.

INTX's embedding of AndDone and Imperial PFS serves carriers, agents and MGAs, offering instant online payment and financing options, according to a press release.

"By embedding payments and premium financing directly into the INTX platform, we're removing complexity for our clients and delivering a faster, smarter experience for the entire distribution chain — from carriers to insureds," said Robert Lewis, CEO of INTX. 

Bankers Insurance Group taps Sapiens technology

Commercial carrier Bankers Insurance Group has chosen SaaS provider Sapiens' CoreSuite to modernize its systems in support of its growth strategy.

Bankers will use CoreSuite first for its builder's risk and business owners' policies, then roll it out to additional insurance products.

"This transformation is about enabling our people and empowering our trading partners, not just upgrading systems," said Walt Sykes, President, Bankers Insurance Group. "We were looking for a flexible, modern platform to elevate the experience of those we serve and position ourselves for long-term, scalable growth. Sapiens' approach, proven expertise, and technology architecture made them the ideal partner to help bring our vision to life."

Applied Home chooses ZestyAI property analytics

Applied Home National Underwriters, the U.S. property insurance unit of global firm Applied Underwriters, will use ZestyAI property and climate risk analytics to support its underwriting and pricing, according to a press release.

"ZestyAI's AI-powered risk models offer the kind of granular, verified intelligence that strengthens risk evaluation across a broad spectrum of perils, from climate-related threats to non-weather water," said Brian Voorhees, Chief Operating Officer, Applied Home National Underwriters. "This partnership deepens our commitment to innovation and precision in underwriting and portfolio management."

Everest adds Laura Hay to board

Global underwriting firm Everest Group has added Laura Hay to its board of directors. 

Hay retired from the role of global head of insurance at KPMG in 2023. She worked at KPMG for 30 years, including leadership roles for audit, advisory and actuarial services, and served on its corporate and foundation boards.

Hay currently also serves on MetLife's board and is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.