Everest Insurance reveals three executive changes for underwriting

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Harnett first joined Everest in 2017 as deputy chief underwriting officer; he joined after serving 13 years with ACE. He has been credited with helping build out the company’s governance framework.

Erik Nikodem has been named global head of property; in this role, Nikodem will lead the company’s global property operations by overseeing its growth. He will still report to Everest Insurance president and CEO Mike Karmilowicz in his new role, and will still be based the company’s Boston office.

Nikodem joined Everest Insurance in 2016 to lead the then newly-formed US property division. Before joining Everest, he served as

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Tokio Marine Life Singapore reveals C-suite shake-up

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Tokio Marine Life Insurance Singapore (TMLS) has named three C-level executives to its senior management team – chief financial officer Edwin Peh, chief operations officer Esmond Chan and chief investment officer Goh Kay Yiong.

Peh joins TMLS from HSBC Life China, where he was chief customer officer & deputy general manager. Prior to this, he was chief financial officer at Prudential Singapore, and held the same role with Manulife-Sinochem in China before that. Peh is a Fellow of the Institute of Actuaries of Australia (FIAA), a Chartered Financial Analyst (CFA) Charterholder, and holds an MBA from Washington University in St.

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TransferWise reports fourth straight year of profitability

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TransferWise co-founders Kristo Käärmann and Taavet Hinrikus.

TransferWise

LONDON — TransferWise, one of Europe’s most valuable private financial technology firms, just posted its fourth consecutive year of profitability.

The online money transfer service said Wednesday that its net profit more than doubled to £21.3 million ($27.1 million) in the fiscal year ending March 2020. Annual revenues came in at £302.6 million, TransferWise said, up almost 70% from the previous year.

TransferWise’s annual accounts have been in the black since 2017, a rare display of sustainable growth in the fintech sector. Other start-ups in the space have reported deepening losses due

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Stock futures flat after S&P 500 breaks 4-day losing streak

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U.S. stock futures were flat in overnight trading on Tuesday after the S&P 500 experienced its first positive day in five. 

Dow futures rose 35 points. S&P 500 futures and Nasdaq 100 futures dipped 0.02% and 0.03%, respectively.

Better-than-expected earnings from Nike and KB Home lifted sentiment on Wall Street after the bell on Tuesday. Nike saw digital sales rise 82%, driving the stock up 6% after hours. Tesla’s stock also rose in extended trading after Elon Musk said the electric car maker’s deliveries are expected to increase 30% to 40% in 2020. 

On Tuesday, the major averages snapped multi-day

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