Hamilton, Bermuda —
Prior to these resignations, both Senter and Esposito had served on the boards of both XL and SCA.
"On behalf of SCA, I thank Alan for the counsel and commitment he provided during his time as an SCA director," says Paul Giordano, SCA's CEO. "We look forward to having Mike's continued insight and involvement going forward."
Senter had been a director on SCA's board since the company's initial public offering in August 2006.
Source: Security Capital Assurance Ltd
Dave North, executive chairman of Sedgwick, will retire on June 30th, but will continue to serve on the company's board of directors.
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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.
