John Neal’s tenure at American International Group (AIG) is over before it began. The former CEO of Lloyd’s of London and AIG reached a “mutual agreement” that he would not join the company due to “personal circumstances,” according to a brief filing with the U.S. Securities and Exchange Commission. John Neal Neal was slated to […]
Formers Lloyd’s CEO Neal Will Not Join AIG, Company Says Read More »
Key Takeaways Advanced Micro Devices hosted its first analyst day yesterday, where the chipmaker unveiled rosy new targets fueled by booming AI demand. AMD said it now believes its total addressable AI market could be over $1 trillion by 2030, up from a previous target of $500 billion by 2028. Advanced Micro Devices shares are
AMD CEO Lisa Su Said AI Demand Is ‘Insatiable.’ The Chipmaker’s Stock Is Soaring Read More »
Onex Corp.’s top executive says the alternative asset manager is open to making further large bets on insurance companies following its move to team up with American International Group Inc. on a major deal. Toronto-based Onex and AIG agreed last week to buy stakes in specialty insurer Convex Group Ltd., a specialty property and casualty
Onex CEO Sees Potential for More Insurance Deals After AIG Win Read More »
Nvidia CEO Huang sees strong demand for Blackwell chips
Nvidia CEO Huang sees strong demand for Blackwell chips Read More »
U.S. stock futures fell in premarket trading on Friday as cooling AI sentiment weighed on tech stocks and put the major indexes on track to post weekly losses. Futures tied to the tech-heavy Nasdaq 100 were down about 0.6% in early trading on Friday, while benchmark S&P 500 futures were down 0.4% and the blue-chip
This edition of International People Moves details appointments at the MGA Pen Underwriting and the insurer BHSI. A summary of these new hires follows here. Pen Underwriting Names Doyle as CEO of Ireland Pen Underwriting, the London-based managing general agent, announced that Michael Doyle has been appointed chief executive officer of its business in Ireland,
Eric Brotman, CEO and founder of BFG Financial Advisors, is stepping down from that position to focus on the firm’s growth. But unlike many such transitions for financial advisors, his handover is not part of an acquisition, but a long-planned internal succession. “I’ve been working toward this moment,” said Brotman. “In 2003, when I was
Nearing $1B, An RIA CEO Steps Aside in Succession Plan Read More »
The National Association of Insurance Commissioners (NAIC) said late last week that its chief executive officer, Gary Anderson, stepped down to “pursue other endeavors.” Anderson left the NAIC on Oct. 29. NAIC Chief Regulatory Affairs Officer Jeff Johnston will serve as interim CEO effective immediately. Jeff Johnston Johnston has about 25 years of experience at
NAIC Announces Johnston Interim CEO as Anderson Departs Read More »
Key Takeaways Palantir posted record third-quarter results that topped analysts’ estimates. The data analytics software maker raised its full-year revenue outlook for the third straight quarter. Palantir posted record quarterly results that blew past analysts’ estimates and raised its full-year revenue outlook for the third straight quarter. The AI software company reported adjusted earnings per
Catch up on the essential news and analysis from the Insurance Day experts Related Stories Daily Digest: Scor shares tumble, Axis CEO on US casualty rates, Melissa insured losses in the billions Axis CEO: US casualty portfolio still rate adequate SiriusPoint CEO Egan pleased with carrier’s ‘upward trajectory’
Daily Digest: Scor shares tumble, Axis CEO on US casualty rates, Aon Q3 results Read More »