London — The board of
Nick Denniston, Heritage's CFO, will assume the position of CEO on an interim basis until a successor is appointed.
David Spiller, chairman of Heritage, says, “We are grateful for the contribution Richard has made in Heritage's growth and development and wish him well in his future pursuits."
Source: Argo Group International Holdings Ltd.
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Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
The specialty insurer is changing up its requirements for some positions, about one-third of jobs don't require a four-year college degree.
