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Peter D. Hancock, President and Chief Executive Officer of American International Group (AIG), has announced his intention to resign after the insurance giant posted a disappointing quarterly loss of $3 billion. As AIG’s fifth chief executive since 2015, he will remain in his position until a successor is found. A graduate of the University of Oxford, Hancock was the vice-chairman of KeyCorp during the financial crisis of 2008. Upon

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Generali in October 2018 launched a new Cyber Insurance division as well as a start-up, CyberSecurTech, to address cyber risks. The new division combines cyber insurance products with Generali CyberSecurTech, led by CEO Remo Marini, and which will deploy cyber risk assessment methodologies for customers. Generali recently launched the in-house designed and developed Majorana technology platform. It collects and analyses customer data, starting from an assessment of the customer’s

AIG in October 2018 received approval from British courts for its European subsidiary, AIG Europe Limited (AEL) to transfer its business into two new entities: American International Group UK Limited (AIG UK), based in London, UK, and AIG Europe SA (AESA) in preparation for Brexit. AESA’s headquarters are in Luxembourg City, Luxembourg, and has 21 branches across the European Economic Area and Switzerland. It is led by Christophe Nicolas

In need of great employees to take your company to the next level? Look no further than Global Benefits Vision. GBV is proud to introduce GBV Open Jobs, where employers and recruiting firms can advertise open positions on the home page of the only independent, knowledge-oriented global employee benefits and global mobility website. Listings on Open Jobs can include links, embedded images, videos, and PDF files to help make

Aon in October 2018 announced it had established a “New Ventures” group and appointed its senior leaders. The stated goal is “to further accelerate the creation of new sources of value for [our] clients”. Aon in 2018 already created the “Aon Operating Committee”; appointed two new co-presidents – Michael O’Connor and Eric Andersen; and transitioned to a single Aon brand. The “New Ventures” initiative is a component of the
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