Day: January 25, 2021

AIG hires global head of media and communications

spike 1 month ago

AIG has appointed Dana E. Ripley to the newly created role of vice president, global head of media and external communications.

Ripley will be based in New York, and will report to AIG executive vice president, general counsel and global head of communications and government affairs, Lucy Fato. In his new role, he will be focused on articulating and communicating AIG’s strategy and value proposition to external stakeholders.

He joins AIG from 12A Consulting, where he was the founder and chief communications officer. Prior to that, Ripley was the chief communications officer at US Bank from 2014 to 2019, and

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Sedgwick announces China leadership shake-up

spike 1 month ago

Sedgwick has announced two changes to the executive management team for its operations in China.

John Law (pictured left), who was general manager for China since 2005, has been appointed as in-country technical director and head of business development. Meanwhile, William Huang (pictured right) will now serve as general manager for China.

Law has been in the loss adjusting field for 31 years, with extensive experience in handling a variety of complex loss claims, including property, construction/erection all risks (CAR) and business interruption in the Hong Kong, Taiwan and mainland China markets. As general manager of operations in China, he

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Insurers that embrace innovation gain competitive advantage

spike 1 month ago

In March 2020, AM Best formally introduced a new criteria procedure, called ‘Scoring and Assessing Innovation’. The evaluation of an insurance company’s innovation level is based on two elements: innovation inputs – the components of a company’s innovation process; and innovation outputs – the impact of a company’s innovation efforts. The resulting innovation score is the sum of these two evaluations.

Read next: Prudential study shows importance of technology for healthcare in Asia

“As a rating analyst, for years we’ve noticed that there are some companies that had a climate, had a culture, and had leadership driving change in an

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Irish banks’ payments app Synch hits regulatory road bump

spike 1 month ago

The recent announcement from a group of Irish banks to set up an instant money-transfer app called Synch, has hit a regulatory block, as the Competition and Consumer Protection Commission (CCPC) pushed back their application to set up a joint venture because they did not provide enough information.

Irish banks’ payments app Synch hits regulatory road bump

An application on the planned venture, called Synch Payments, was filed with the CCPC earlier this month by AIB, Bank of Ireland, Permanent TSB and KBC Bank Ireland.

The project is being co-ordinated by Banking & Payments Federation Ireland (BPFI) and Italian FinTech

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