CHI St. Luke’s Severs Deal With Molina, Its Second Break With An Insurance coverage Provider This


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AGCS selects new global TMT head


AGCS has introduced the new functions as part of its “New AGCS” transformation program to tailor product development, marketing and distribution to specific industries. Global industry solution directors will build special risk expertise for their sectors and help develop customised products across all AGCS lines of business, as well as other Allianz units.

“We are eager to develop a special value proposition for our key target sectors, and the global industry solution directors are at the heart of it,” said Henning Haagen, AGCS board member and chief regions and markets officer for the company’s business outside North America. “With Jody

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Chubb bolsters its IPL division in Singapore with new division head


Chubb has tapped Tulio Puente to be its new division head of international personal lines in Singapore.

In his new role, Puente will be responsible for the management and growth for personal risk services, residential insurance and speciality coverage. 

Read more: Chubb introduces cover for manufacturers in several Asian markets

Puente will report to Scott Simpson, country president for Singapore at Chubb.

Prior to joining Chubb, Puente worked as an economist for the Central Bank of Mexico and in the telecommunications industry in China. He transferred to Chubb in 2014, holding various roles in Latin America and the

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Payments and CX key to Open Banking as banks start to spend


New research reveals an increase in spending among Europe’s financial executives, with 47% saying their Open Banking budgets have risen in 2021.

This follows a challenging year in 2020, where financial institutions battled budget restrictions against the race to serve more customers digitally.

Tink’s research – based on 308 senior decision makers at financial institutions in 12 European countries – found the Covid-19 pandemic impacted budgets for 93% of financial institutions, with almost a quarter (23%) revealing the impact was significant.

At the beginning of 2020 executives expected to spend, on average, €50-100 million on achieving their Open Banking objectives.

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