American International Group, Inc. (NYSE: AIG), today announced that Chris Rash has been appointed Chief Executive Officer ("CEO”) of Talbot Underwriting Ltd ("Talbot”), which operates within the Lloyd's Insurance Market through Syndicate 1183. Mr. Rash has also been appointed to the Talbot Underwriting Board. Subject to regulatory approval of both appointments, Mr. Rash is expected to join Talbot by January 1, 2021 and will be based in London.
Mr. Rash will report to the Talbot Underwriting Board and to Jon Hancock, Chief Executive Officer of AIG International General Insurance. In this role, he will oversee all aspects of Talbot’s operations. Upon Mr. Rash’s arrival at Talbot, acting Talbot CEO, David Morris, will be appointed Talbot’s Chief Underwriting Officer.
Mr. Rash joins Talbot from StarStone Group, where he was most recently interim Group CEO, having previously served as CEO of International and Deputy Group CEO. A seasoned executive with extensive international leadership experience in insurance and finance, Mr. Rash joined StarStone in August 2018 as Executive Chairman before assuming the newly created role of President in October 2018 to lead execution and operational capabilities. Formerly, he was Group CFO for MS Amlin plc and previously served as Commercial Director and CFO at the National House Building Corporation, and prior to that as Group Chief Accountant at RSA Group.
Mr. Hancock said: "I am pleased to welcome Chris to Talbot. His significant international leadership experience in insurance and finance ideally suit him to serve as CEO of Talbot. I look forward to supporting Chris’ leadership at this pivotal time, as we continue to position AIG’s businesses at Lloyd’s to deliver innovation and sustained profitable growth.”
Mr Rash said: "I am delighted to join Talbot and its talented team of colleagues at this moment of profound opportunity in the insurance industry. I look forward to positioning Talbot to provide unique expertise and strategic value to our clients and stakeholders.”
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
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SHANGHAI, Nov. 24, 2020 /PRNewswire/ -- Leading AI powered platform for business IceKredit announced the closing of its series C1 round of funding, raising US $33 million, led by Guoxin Venture Investment with participation from Guohe Capital, Yunqi Partners, and China Creation Ventures. The funds will be used for expanding IceKredit's development team, investments and acquisitions, and improving its business ecosystem.
Founded in 2015, IceKredit is an AI powered platform providing comprehensive risk mitigation solutions to individuals and financial institutions using artificial intelligence technology and big data.
IceKredit provides financial institutions with end-to-end risk mitigation solutions including anti-fraud and improved credit decisions. IceKredit's key services are its proprietary machine learning algorithms, standard personal and business credit scores, customizable credit risk modeling, and AI powered platform. IceKredit's latest product, backed by their proprietary knowledge storage, modeling, mining, and analytics techniques, is helping financial institutions mitigate credit risks in the business lending space.
The teams have diverse backgrounds and experiences from companies such as ZestFinance, Lending Club, JP Morgan, Bank of America, Capital One, Discover, GE Capital, Barclays, Kabbage and other industry leaders in finance and technology. With support from two AI Labs and two Research & Development Centers, data scientists and engineers have established top-notch risk mitigation solutions utilizing techniques in Deep Learning, Natural Language Processing, Federated Learning, and Knowledge Graphs. IceKredit has produced 110 software copyrights and 36 patents.
The company's exploration of Federated Learning is at the forefront of the industry. The decision engine built with exceptional computing power uses blockchain, secret sharing, homomorphic encryption, and other technologies to conduct third-party data query and model/rule calculation functionalities, with strong customer privacy protection.
IceKredit has partnerships with hundreds of financial institutions globally. In the United States, domestically, IceKredit has been dedicated to providing service for subprime customers that have not been covered by FICO and other credit bureaus using AI technology, in order to help them get loans with relatively low interest rates. IceKredit's clients include many regional banks, community banks and credit unions. In recent year, IceKredit also entered Southeast Asia market. Their efforts to innovate and transform the finance industry has been recognized by many awards including CB Insights Global Fintech Top 250 for two consecutive times, KPMG China Leading Fintech Companies Top 50 for four consecutive years, Davos Forum China's Top 50 AI, Forbes China's High-growth Gazelle Enterprises.
Lingyun Gu, the founder and chairman of IceKredit, said that as one of the very few AI driven risk mitigation solution providers, when it comes to core products and business models, IceKredit has two principles: First, the company's core technologies will never deviate from artificial intelligence. Second, these technologies will always stem from the real-world business needs of financial institutions and work to serve them.
The representatives of Guoxin Venture Capital believe that the product matrix of IceKredit covers the entire process of the risk mitigation industry; and its development benefits from the fact that consumption is becoming an important driving force for economic growth, the implementation of inclusive financial policies, and the improvements on the financial ecosystem. IceKredit has a strong technical team and has established partnerships with top companies in banking, consumer finance, online finance and other industries. In the future, IceKredit plans to expand its business into more industries such as insurance, trusts, and funds. IceKredit's business plans and strategies are in line with the investment strategies of Guoxin Venture Capital who believes that there is a very promising future for leveraging AI in credit decision.
Vincent Song, an executive director of Guohe Capital, stated, "IceKredit is an extraordinary company that has top-notch technologies and is excellent at producing solutions that meet real-world business needs. We believe that IceKredit will become a leader in the AI space."
Michael Mao, co-founder of Yunqi Partners, believes that there is a promising future in the financial technology space for IceKredit. "As a leading fintech, IceKredit was one of the fintechs Yunqi decided to invest in when Yunqi was founded", he said, "I met Dr. Gu before he founded IceKredit. We had countless discussions about the future of financial technology, and I agreed with Dr. Gu on his unique understanding about combining financial services with technology. So it was not surprising at all that I became IceKredit's angel investor. Despite the increasingly changing environment in the internet finance industry, IceKredit always sticks to their principles. There have been a lot of changes on the finance regulation, so we believe IceKredit will grow exponentially in the coming years.
Wei Zhou, Founding Managing Partner of CCV, stated, "IceKredit is the first company that CCV invested in since its establishment, as the early investor, we are optimistic with Icekredit's technology and product specifications which could enable the traditional financial institutions in their digitalization process. Dr. Lingyun Gu and his team are technology-oriented with comprehensive technological capabilities, and we are very happy to see IceKredit is growing into a leading AI company."
Todd Yuan, an executive director of Touzhong Capital, stated, "Congratulations to IceKredit for completing the Series C1 funding. IceKredit, as a leading third-party AI service provider, has a deep understanding of financial risk management and serves many leading customers based on standardized SaaS products and modular PaaS platform models. Dr. Gu and his team focus on technology only and constantly look to expand into other industries. This is highly in line with our values".
Dr. Lingyun Gu, thinks highly of Touzhong Capital, which was the exclusive financial consulting firm in this round of funding. He said, "As a leading financial consulting firm, Touzhong Capital has a deep understanding of technology, and great resources in this industry. Touzhong Capital impressed us with their professionalism and capabilities."
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ORLANDO, Fla. , Nov. 20, 2020 /PRNewswire/ -- Laser Institute of America (LIA) has retained Remixed, an Orlando-based branding agency, to improve their overarching brand recognition and build their affinity groups. In order to accomplish this, the collaborative effort will result in the creation of a messaging platform that will dictate how the leading resource for laser industry professionals is able to best serve its customers and staff. Remixed will also translate the messaging into a visual language designed to reach LIA's audiences through multimodal storytelling. The branding agency has also been tasked to ensure the well-established LIA brand is maintained and refined through the articulation of a comprehensive house style guide. Once successfully complete, these branding initiatives will help shape the perceptions of all who engage with LIA and its offerings.
"Branding serves as a conduit ... to provide an optimal representation of an organization." Doug Berger, CEO, Remixed
The Value of MessagingRemixed will hone in on who Laser institute of America (LIA) is, what they do, and why they do it — all for the purpose of verbally explaining the key benefits to the institution's audiences. The messaging platform will serve as a solid foundation for how LIA talks and writes about its business, be it internally or externally. It will also ensure employees and audiences can understand, with confidence, LIA's distinctives, values, and stewardship. This communications tool is meant to dovetail LIA's vision with its strategic goals in a compelling fashion that connects with anyone who may associate with the organization.
The Importance of StyleTo build upon LIA's messaging platform, Remixed will develop an extensive house style guide. The house style guide will translate the messaging into designs, for the purpose of maintaining a consistent, coherent, and cohesive brand representation across a wide variety of tactics. The guide will also serve as a primary reference for LIA's brand story, logo usage, color hierarchy, typography, and how to effectively apply the brand for a vast array of media.
According to Remixed's CEO, Doug Berger, "Branding serves as a conduit coupling the verbal and visual elements together with the intent to provide an optimal representation of an organization. For LIA, we will bridge perceptions with reality to create a brand composition that accurately reflects who LIA is, and simultaneously resonates with all their audiences."
About LIALaser Institute of America (LIA) is the professional society for laser applications and safety. Their mission is to foster lasers, laser applications, and laser safety worldwide. LIA offers a wide range of products, services, education, and events to enhance laser application and safety knowledge and expertise. Learn more at https://www.lia.org.
About Remixed REMIXED is a full-service, multidisciplinary, branding agency that develops marketing strategies aligned with branding initiatives built to suit client needs and their respective audiences. They create print, broadcast, and interactive campaigns — including web-based and social media marketing. Learn more at https://www.r3mx.com.
For more information, please visit www.R3MX.com.Remixed personnel can be reached at info@R3MX.com or (407) 283-7369.
Contact: Douglas BergerFounder and CEO, RemixedPhone: (407) 283-7369Email: inquiry@R3MX.com
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