To expand its excess casualty business globally, the
XL says Seib will report to Seraina Maag, CEO of XL's North America P&C insurance group. Seib will also manage XL's global excess casualty business with underwriting operations in New York, Bermuda, Dublin, London and Toronto, as well as U.S. field operations in Boston, Chicago, Los Angeles and San Francisco.
Seib joins XL from
Dave North, executive chairman of Sedgwick, will retire on June 30th, but will continue to serve on the company's board of directors.
SDK integration can simplify and revolutionize digital offerings for health insurers.
The insurtech discusses its multi-line solutions and ethics of AI.
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.
