Jul 8, 2021

Insurance People Moves: Tokio Marine, Allianz, and AXA

Insurance
tokiomarine
Allianz
AXA
3 min
We conduct a roundup of some prominent insurance industry executive hires, including Tokio Marine, Allianz, and AXA

Tokio Marine HCC International

Part of the larger Tokio Marine Group umbrella, Tokio Marine HCC International has added three new names to its London-based Professional Risks team.

  • Matt Clayton, Senior Underwriter. Clayton joined Tokio Marine following a 16-year stint at Hiscox where he held a number of regional management roles, the most recent of which was Head of Central Underwriting.
  • Ross Thompson, Senior Underwriter. Thompson brings with him 18 years of broking and underwriting experience, particularly in the construction sector. Prior to his appointment, he was Head of Professional Indemnity at Kelliher Insurance Group.
  • Jonathan Olle, Senior Media Property and Liability Underwriter. A highly knowledgeable Account Executive, Olle joined Tokio Marine from James Hallam Limited. His focus on media will apparently be a continuation of 20 years’ worth of specialisation. 

“The breadth and depth of knowledge they have gained over the years means that they will all play an important role in enhancing our Professional Indemnity, Liability and Packaged Product offerings to our broker panel and clients across the United Kingdom,” commented Tony Browne, Managing Director at Tokio Marine.

Allianz

Allianz continues to add fresh talent, this time in the auto insurance sector: Ian Kershaw has become the firm’s new Head of Motor Claims.

Source: LinkedIn

In addition to a BSc in Management Science from University of Manchester (1993), Kershaw is also a qualified solicitor having passed the Common Professional Examination and a Legal Practice Course at The Manchester Metropolitan University.

He joins Allianz from Co-op Insurance, where he was Head of Claims and previously also Head of Injury and Third-Party Claims. Prior to his five-year stint at the Co-op, Kershaw spent 15 years at Parabis Group.

“I am delighted to be joining Allianz Insurance at this exciting time, as changing regulations and car technology mean motor claims are evolving rapidly,” he said. “With customer and broker expectations continuing to grow, Allianz is an organisation that is continually investing in its colleagues and technology to provide a market-leading customer journey.”

AXA XL

Leading global P&C provider AXA XL has appointed Marine Ress to the role of Chief Underwriting Officer, Casualty, in its Paris office, effective 1 October 2021. She first joined AXA in 2011.

Source: Twitter

In her new position, Ress will utilise her 20 years of insurance sector experience to oversee the company’s casualty portfolio and determine underwriting strategies for General Liability, Motor and Environmental insurance in Europe and APAC. 

Etienne Champion, Chief Underwriting Officer, APAC & Europe, commented, “I am delighted to have Marine join the APAC & Europe underwriting function. Her extensive experience in liability insurance, both as a broker and an underwriting leader, makes her an ideal candidate to head our Casualty business in Europe and Asia-Pacific.”

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Jul 18, 2021

SIMON Insurance expands its annuities platform

SIMON
annuities
Insurtech
Insurance
2 min
SIMON Insurance expands its annuities platform
SIMON Annuities and Insurance Services has launched LiveWell and expanded its digital platform and marketplace 

The New York-based insurance and annuities services company, SIMON, has announced the launch of its expanded annuities service via its new digital platform, called LiveWell.

The valuable annuity service is issued by the Midland National Life Insurance Company and administered by Sammons Retirement Solutions - a division of Institutional Group, as the first-to-market. More carriers are cited to join SIMON’s variable annuity marketplace over the next few months. 

The move means financial professionals can now find and explore Sammons’ LiveWell Variable Annuity solutions, access product-specific marketing literature, and run powerful allocation and income analytics within the product—all directly within SIMON’s interactive platform.

Tax-deferred growth for the retired

According to reports, variable annuities are favoured by savings markets because they can help accumulate assets for retirement with tax-deferred growth. They also offer agile and flexible tax-free reallocations as well as optional death benefits for heirs. 

Frequently used as part of a long-term retirement planning strategy for tax-efficient growth, VAs are now available in SIMON’s Marketplace alongside fixed indexed annuities, fixed annuities, and structured annuities.

The SIMON annuities platform also provides financial professionals with centralised access to the tools and resources they need to analyse marketplace products based on their clients’ risk profiles and investment horizons.

The platform also allows investors to: 

  • Explore various rider illustrations
  • Leverage powerful allocation analytics
  • View fund options and their performance statistics
  • Dive deep into the historical performance of allocations and funds

Speaking about the launch of LiveWell, Melissa Scheuerman, VP of Business and Sales Development at Sammons, explained, “Everyone seeks custom solutions today—from news feeds on our cell phones to grocery delivery services, and retirement planning is no different. Products need to offer flexibility, and professionals need intuitive tools at their fingertips to analyse and manage products that offer that flexibility. 

“Our partnership with SIMON illustrates a commitment to offering scalable annuity solutions to professionals serving a growing population of retirees.”

Scott Beshany, Chief Distribution Officer at SIMON, added, “With game-changing analytics for this product class, variable annuities are a natural new addition to SIMON’s product lineup. Our Marketplace is now able to deliver a more holistic product experience, and we look forward to driving a better, more powerful VA product experience for financial professionals.”

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