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EC News (11 November 2021)

November 11, 2021

Round-up of the weekly news and developments from the global (re)insurance market with stories from Allianz, Fidelis, Flood Re and more.

Allianz Insurance names Chris Varley as chief analytics officer

Allianz Insurance has announced the appointment of Chris Varley to the newly created position of chief analytics officer, effective March 2022. Varley will be responsible for increasing data and pricing capabilities while creating a distinct analytics strategy across the organisation. Read More

Fidelis announces a trio of promotions within underwriting subsidiary

Fidelis Underwriting Limited has announced the promotion of Kayley Stewart to the position of Co-Deputy FUL CUO and head of crisis management, Michael Davern to the position of Co-Deputy FUL CUO and head of D&F and energy and Matthew Bellamy has also been promoted to assume the role of head of FUL property reinsurance. Read More

Flood Re calls for industry action to ensure an effective flood insurance market by 2039

The joint government and industry Flood Re scheme has highlighted the action needed and calls for continued collaboration from the insurance industry and Defra to ensure an effective flood insurance market by 2039, when the scheme is due to exit the market. Read More

Walking the talk with corporate culture

The real working culture of an organisation is important for several reasons, and not just to prevent the more extreme examples of corporate failure. It is about winning loyalty, success, and the ability to attract and retain talent, with engaged employees shown to be 17 times more productive than their lesser-engaged peers. Read More from Max Pell

Acrisure Re adds Ian Wicks as EVP & Simon Arnot as SVP

Acrisure Re, the (re)insurance broker and fintech division of Acrisure has hired Ian Wicks as an executive vice president and Simon Arnott as senior vice president. Wicks will be based in the London office and report to Nigel Dane, partner and Arnott is based in Bermuda and will report to Clark Hontz, president of Acrisure Re Bermuda. Read More

AXA XL launches Coast Risk Index tool to map future flood hazards

AXA XL has announced the launch of a new innovative tool, Coastal Risk Index (CRI) that maps current a future flood hazard resulting from climate change and integrates the protective benefits of coastal ecosystems into insurance risk models. Read More