American International Group Inc. named Parsippany, New Jersey-based Paschal Brooks CEO of its subsidiary, AlphaCat Capital Inc., an investment advisory company. Previously, Mr. Brooks was chief operating officer for AlphaCat.
NAME: Catharina Richter NEW JOB TITLE: Munich-based global head, Cyber Center of Competence, Allianz SE PREVIOUS POSITION: Munich-based head of regulatory management, head of digital regulation, Allianz SE INDUSTRY OUTLOOK: Cyber is the number one global business risk, according to the Allianz Risk Barometer 2020. The COVID-19 pandemic has accelerated the push toward digitalization in insurance and many other […]
NAME: Paul Hyer NEW JOB TITLE: Minneapolis-based rating agency advisory leader, Lockton Re PREVIOUS POSITION: Minneapolis-based associate director of rating agency advisory, Aon PLC INDUSTRY OUTLOOK: I would have had a much different answer if this was pre-COVID. Working in reinsurance broking with insurers of all classes and sizes, the outlook varies greatly. Overall, the industry remains well-capitalized and […]
Danielle Lisenbey is the global president of Broadspire Services Inc., the third-party administrator for Crawford & Co. Having studied engineering in college, she began her career in insurance working in medical management systems. In 2012 she became the first female member of Crawford & Co.’s global executive team and in 2013 was named a Woman to Watch by Business Insurance. Ms. Lisenbey, who is based in Atlanta, recently spoke with Business Insurance Assistant Editor Louise Esola on workers compensation industry challenges as the world grapples with COVID-19 infections among workers and what’s to come. Edited excerpts follow.
Jim Wetekamp became CEO of Atlanta-based Riskonnect Inc. in April 2018. A few months later, private-equity-backed Riskonnect acquired rival risk management information services provider Marsh ClearSight, formerly a unit of Marsh LLC. Before joining Riskonnect, Mr. Wetekamp was CEO of BravoSolution, a cloud procurement technology solution provider. Mr. Wetekamp recently spoke with Business Insurance Deputy Editor Claire Wilkinson about how the integration has gone and how the RMIS provider is supporting its customers amid COVID-19.
NEW JOB TITLE: New Jersey-based chief financial officer, Everest Insurance Co. PREVIOUS POSITION: New York-based senior vice president, director of finance, Sompo International Holdings Ltd. INDUSTRY OUTLOOK: The outlook is strong. The current coronavirus public health crisis will have an impact on the insurance industry in the short term, but economic activity will return and those who are well-capitalized will be able to work through this.
NEW JOB TITLE: Louisville, Kentucky-based CEO, Preferred Medical PREVIOUS POSITION: Louisville, Kentucky-based chief operating officer, Preferred Medical INDUSTRY OUTLOOK: Consolidation within the industry is not done yet and COVID-19 will have a huge impact on where it’s going. Being a service provider in workers comp is profoundly different during shelter-in-place and it will still be different post-COVID because how you do business has changed.
NEW JOB TITLE: Washington-based commercial division director, RCM&D PREVIOUS POSITION: Washington-based mid-Atlantic real estate practice leader, Marsh LLC INDUSTRY OUTLOOK: The insurance industry’s outlook is very much tied to the outlook of the overall economy. Right now, like so many others, we’re hoping for a swift end to the pandemic.