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Amber Kennelly in July 2017 joined global insurance brokerage Hub International as Chief Human Resources Officer, in charge of talent acquisition and management, learning and development, employee relations, compensation, employee benefits and payroll. Kennelly reports to Martin Hughes, Chairman of the Board and Chief Executive Officer and is a member of the Hub Executive Management Team. Most recently she was Vice President of compensation and benefits for Allstate Insurance

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Hong Kong-based property and infrastructure group New World Development (NWD) in January 2019 acquired FTLife Insurance, Hong Kong, from JD Group. NWD, through its subsidiary NWS Holdings, paid HK$21.5 billion (US$2.75 billion) for FTLife. The deal is one of the top five insurance M&As ever in Hong Kong. Beijing-based Chinese financial firm JD Group in November 2018 had put FTLife up for sale. It was reported to be looking for

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Replicating an earlier deal in 2017 between the European Union (E.U.) and the United States (U.S.), the latter in January 2019 signed a “covered agreement” with the United Kingdom (UK) that protects their respective international insurers and reinsurers when doing business with each other. The new covered agreement basically provides for a limited but very useful form of mutual recognition of reinsurance companies and of (re)insurance regulators. The existing

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American International Group (AIG) in December 2018 announced that it has completed the acquisition of Ellipse, a specialist group life, critical illness and income protection carrier in the UK, from Munich Re. Ellipse CEO Lee Lovett reports to Adam Winslow, CEO, International at AIG Life & Retirement. AIG expects Ellipse’s expertise in group protection and its technology to significantly enhance existing AIG Life operations. AIG Life will now distribute

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AIG Life Limited (UK) in December 2018 announced the appointment of Philip Willcock as CEO, effective March 1, 2019. He will be based in London and report to Adam Winslow, CEO, International, Life & Retirement. Willcock spent over 20 years with Aviva holding various senior positions in the UK life & health businesses. Most recently, he was CEO and President of Aviva’s joint venture in Indonesia and CEO of
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