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Chicago-based global insurance brokerage Hub International in November 2017 announced that it has acquired the assets of the Burlington, Vermont-based Summit Financial Corporation and Summit Financial Insurance Agency. Summit’s leadership team and staff will continue to operate out of Summit’s existing offices and will report to Charles Brophy, President and CEO, Regional President, Hub International US East. Summit, founded by Joe Bonasera and Brian Babcock, is one of New

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American International Group (AIG) in March 2019 announced the appointment of Betsy Palmer as Senior Vice President and Chief Marketing Strategy, Communications and Industry Leadership Officer, AIG Life & Retirement. She will be based in New York and will report to Kevin Hogan, Chief Executive Officer, Life & Retirement, as a member of the Life & Retirement Executive Team. Ms. Palmer will assume responsibility for all marketing, communications, stakeholder

Insurance Europe in March 2019 published a checklist regarding the insurance implications of a no-deal Brexit. Insurance Europe is the European insurance and reinsurance federation, representing all types of insurance and reinsurance carriers. Intended for the general public but relevant for business travelers and short-term secondments, the checklist deals with: Motor insurance – Currently, motorists insured in any EU member state can drive their vehicle in any other EU member

Artex Risk Solutions, a provider of insurance, reinsurance, and alternative risk management solutions, in March 2019 announced that Peter Mullen has re-joined the company as Chief Executive Officer (CEO). He takes over from former CEO David McManus, who will assume the new role of Chairman going forward. Mullen has been CEO at Aon Captive & Insurance Management for the last seven years, and will begin his position with Artex

B3i raised about $16 million in February 2019, bringing its total capital to over $22 million. B3i is a blockchain startup owned by some of the world’s largest insurance companies. Slightly more than half of the new capital came in the form of cash, with the rest coming as converted debt. B3i had previously raised 6.3 million Swiss francs in March 2018. B3i’s founding shareholders include Aegon, Allianz, Munich
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