AIA names regional CEO and group chief strategy officer

Dixie



AIA Group has scored a major industry scoop with the appointment of Leo Grepin (pictured above) as regional chief executive and group chief strategy officer, effective Jan. 3.

Grepin was most recently president of Sun Life Asia, a role he held from September 2019 until October 2021. Prior to that, he was president of Sun Life for Southeast Asia and vice president, individual insurance and wealth, for Sun Life Canada. Before joining Sun Life, Grepin was at global hedge fund Bridgewater Associates, where he led the team that managed portfolio construction and trade generation. He also spent 15

Read More

Former HNW insurance CEO joins Huntington Partners

Dixie



Marc Lieberman has joined Huntington Partners as partner, responsible for the Americas. He was most recently president and CEO of Transamerica Life Bermuda (TLB), a high-net-worth insurer that focuses on the Asian market.

Lieberman headed TLB from 2016 until the end of 2020, and he spearheaded the strategic direction and diversification of company’s product suite and further expansion in Asia. Prior to TLB, Lieberman was CEO of MetLife Australia, European regional CEO of The Hartford and CEO of ING New Zealand. He was also CEO of Washington Square Securities and Locust Street Securities, both life insurance broking subsidiaries

Read More

BNPL usage soars but consumer sentiment on spending starts to slow

Dixie

With inflation surging, consumers’ financial optimism has taken a hit for a second quarter in a row, according to TransUnion’s latest Consumer Pulse study.

In stark contrast to the renewed positivity seen earlier this year, consumers have significant concerns about the future state of their household finances, with confidence dropping from a high of 61% in Q2 to 48% in Q4.

The research, which follows the financial impact of the pandemic on consumers, recorded one in three (31%) viewing their finances as worse than planned in Q4, up from just over a quarter (27%) in Q2.

“Whilst it’s concerning to

Read More

Gallagher finalises acquisition of Willis Towers Watson’s reinsurance arm

Dixie

As part of the deal, WTW’s reinsurance arm and Gallagher’s existing reinsurance operations will combine – trading as Gallagher Re from more than 70 offices across 31 countries and incorporating 2,400 colleagues.

Global Reinsurance CEO James Kent will lead Gallagher Re and report to Tom Gallagher, the CEO of global property and casualty brokerage at Gallagher.

Commenting on the acquisition, Kent said: “This combination marks a new chapter for two remarkable reinsurance broking teams as well as for our valued and extremely supportive clients and stakeholders. We are bringing together highly complementary and well-respected reinsurance businesses to create a truly

Read More