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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OXFORD, CONNECTICUT, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Nxt-ID, Inc. (NASDAQ: NXTD) (the "Company") today announced that the Company plans to adjourn the Annual Meeting of Stockholders, scheduled to be held on Friday, November...
(RTTNews) - The Taiwan stock market has moved higher in wo straight sessions, advancing more than 330 points or 2.7 percent along the way. The Taiwan Stock Exchange now rests just above the 13,550-point plateau and it's predicted to open in the green again on Tuesday.
The global forecast for the Asian markets is upbeat on encouraging news about a possible Covid-19 vaccine. The European and U.S. markets were firmly higher and the Asian bourses are also expected to open in the green.
The TSE finished sharply higher on Monday with gains from the financial shares, technology stocks and cement and plastic companies.
For the day, the index surged 278.50 points or 2.10 percent to finish at the daily high of 13,551.83 after moving as low as 13,356.74.
Among the actives, Cathay Financial gained 0.99 percent, while Mega Financial rose 0.34 percent, CTBC Financial gathered 1.28 percent, Fubon Financial collected 0.55 percent, First Financial added 0.70 percent, E Sun Financial rose 0.19 percent, Taiwan Semiconductor Manufacturing Company soared 4.76 percent, United Microelectronics Corporation advanced 2.88 percent, Hon Hai Precision climbed 1.47 percent, Largan Precision skidded 1.19 percent, Catcher Technology dropped 1.05 percent, MediaTek accelerated 2.81 percent, Formosa Plastic perked 1.26 percent, Asia Cement was up 0.57 percent and Taiwan Cement improved 0.24 percent.
The lead from Wall Street is positive as opened higher on Monday and remained in the green throughout the session, extending Friday's gains.
The Dow surged 470.63 points or 1.60 percent to finish at 29,950.44, while the NASDAQ jumped 94.84 points or 0.80 percent to end at 11,924.13 and the S&P 500 added 41.76 points or 1.16 percent to close at 3,626.91.
The strength on Wall Street followed more upbeat news on the coronavirus vaccine front, with Moderna (MRNA) reporting positive results from a trial of its vaccine candidate that showed an efficacy of 94.5 percent.
In economic news, the Federal Reserve Bank of New York said New York manufacturing activity unexpectedly expanded at a slower rate in November.
Crude oil prices surged higher Monday thanks to encouraging reports on Covid-19 vaccine and an improved energy demand outlook. West Texas Intermediate Crude oil futures for December ended up $1.21 or 3 percent at $41.34 a barrel.