Global insurance brokerage Hub International (HUB) in September 2017 announced that it named Marc Cohen, currently President of HUB, as President and Chief Executive Officer, effective January 1, 2018. He will also be a member of the Board of Directors. Cohen will continue to report to Martin P. Hughes, who will continue to serve as Executive Chairman. Cohen will be responsible for the financial strategy, including directing organic sales

American International Group (AIG) in September 2017 announced changes to its organizational structure. AIG will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter Zaffino, currently Group COO, as CEO; Life & Retirement, led by Kevin Hogan, currently CEO of Global Consumer Insurance, as CEO; and a stand-alone, technology-enabled platform, led by Seraina Macia as its CEO. The platform “aims to transform

Global broker Arthur J. Gallagher in September 2017 announced the acquisition of property and casualty insurance broker Nordic Försäkring & Riskhantering  in Gothenburg, Sweden, for an undisclosed amount. Sweden is considered to be a core strategic development area for Gallagher, following the 2013 purchase of international marine and energy broker Bergvall Marine, based in Norway, and Brim, who are Stockholm trade credit, political risk and consulting specialists. The deal

Local tax authorities throughout China are stepping up efforts to collect individual income tax (IIT), with more frequent and extensive investigations of both individuals and companies, according to a September 2017 report from management consultancy Deloitte. This includes particular focus on three areas: claims relating to non-taxable benefits in kind (BIKs), potential permanent establishment (PE) exposure where a non-resident company sends business travelers to China, and the taxation of