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Transamerica has named Jason Frain (pictured above, right) as its new head of retirement solutions, effective Aug. 25, 2025. In his new role, Frain will lead product strategy and development across the company’s retirement offerings, reporting to Jamie Ohl, president of Protection Solutions and Savings & Investments.
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[ad_1] Underwriting strength highlighted by consistent core performance excluding catastrophes [ad_2] Source link
[ad_1] Insurance revenue rose 11% to €48.1 billion, while operating profit (EBIT) increased to €4.9 billion from €3.1 billion in the previous year. Net income grew by 25% to €1.98 billion, exceeding the company’s original 2025 target ahead of schedule. Return on equity reached 17.9%, up from 16.6% in the year prior. [ad_2] Source link
[ad_1] Trade errors, Sullivan said, can take many forms. “Common categories include, but are not limited to, data entry errors, missed deadlines, failure to execute, miscommunicated trade instructions, collateral management failures and breaches of mandate.” [ad_2] Source link
[ad_1] The case began after Hurricane Irma struck in 2017, damaging multiple buildings at the Golf Villas II condominium complex, managed by the Condominium Association of Golf Villas II, Inc. The association submitted a property damage claim to its insurer, American Capital Assurance Corporation. But before the claim could be fully resolved, American Capital became…
[ad_1] Moves include a new global leader and a new COO [ad_2] Source link
[ad_1] According to Fitch, the sector recorded a combined ratio of 97%, down from 107% in 2023. The improvement ended a three-year stretch of underwriting losses, with the turnaround driven by easing claims severity, steady claim frequency, and higher premiums from rate increases. [ad_2] Source link
