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Swiss Re Corporate Solutions announces new CUO, restructuring

Swiss Re Corporate Solutions said Thursday that Katie McGrath will become chief underwriting officer, effective June 1, as it announced it will restructure its business across market units. Ms. McGrath will succeed Kera McDonald, who was named Swiss Re’s group CUO, also effective June...

Higginbotham makes agency acquisition – Business Insurance

Higginbotham Wednesday said it has acquired Program Insurance Group. Terms of the transaction were not disclosed. Headquartered in Georgetown, Texas, Program Insurance Group is an independent insurance agency offering business, nonprofit and personal insurance to clients in Texas, the statement said.Program Insurance Group, with a...

Insurance agency to open in former Mister Donut in Gardner

City's first donut franchise opened on Pearson Blvd. in 1969A new business is scheduled to open in one of Gardner’s most iconic locations.Plenty of residents will know that the long-vacant building at 33 Pearson Blvd. was once home to a Dunkin’ Donuts, albeit...

Pennsylvania’s NSM to Sell Commercial Insurance Division to Investment Firm

New Mountain Capital, an investment firm, has agreed to buy the commercial insurance division of Pennsylvania-based NSM Insurance Group. The firms said in a news release that the deal is expected to close in the next...

Four of the biggest ethical challenges when using AI in insurance – Insurance News

According to experts on a Reuters panel, there are four major ethical challenges faced by insurance professionals today, when it comes to using AI. The four challenges insurance professionals face are: built-in bias, human talent, transparency, and regulation, according to the panel. They suggested...

View from the top: Kristen Peed, Risk & Insurance Management Society

Kristen Peed, chief risk officer at Sequoia Benefits and Insurance Services LLC in San Mateo, California, took office as president of the Risk & Insurance Management Society Inc. on Jan. 1. Ms. Peed joined the RIMS global board of directors in 2018 and has...