All Insurance articles – Page 6
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ArticleWhistleblower: USAA ‘actively lying to regulators for years’ regarding violations of law
Senior executives at USAA ignored warnings from compliance staff and consultants for years regarding violations of U.S. federal banking laws and hid from regulators the scope of the company’s illegal practices, a former USAA director of compliance turned whistleblower told Compliance Week.
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ArticleWhistleblower to OCC: USAA had 400,000 undisclosed Military Lending Act violations
USAA Bank engaged in an estimated 400,000 violations of the Military Lending Act, a former director of compliance within the bank reported to the Office of the Comptroller of the Currency in documents seen by Compliance Week.
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EternalHealth names chief compliance officer
Health insurance agency EternalHealth announced the appointment of John Price as chief compliance officer.
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AIG appoints chief risk officer
American International Group announced Tom Bolt is taking the reins as executive vice president and chief risk officer. Bolt has served as chief underwriting officer, general insurance since 2018.
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ArticleDOJ declines FCPA prosecution of insurance broker JLT
The Department of Justice informed Jardine Lloyd Thompson Group Holdings it would not face prosecution under the Foreign Corrupt Practices Act despite alleged evidence of nearly $3.2 million the company paid in bribes to Ecuadorian government officials.
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Universal Insurance promotes corporate controller to accounting officer
Universal Insurance Holdings announced the promotion of Gary Ropiecki to principal accounting officer.
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Prudential reshuffles C-suite; names new chief risk and compliance officer
British multinational insurance company Prudential announced Avnish Kalra will become chief risk and compliance officer in March as part of a series of executive-level changes in line with the expected retirement of CEO Mike Wells.
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International General Insurance appoints chief risk officer
International General Insurance Holdings has appointed Stav Tsielepis chief risk officer of the IGI group.
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Health Alliance Plan adds chief compliance officer
Michigan-based nonprofit health plan Health Alliance Plan announced the appointment of Nike Otuyelu as chief compliance officer.
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Aegon appoints chief risk officer
Life insurance provider Aegon announced the appointment of Astrid Jäkel as chief risk officer, effective March 1, 2022. Jäkel will also serve as a member of the company’s management board.
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SiriusPoint announces appointment of chief risk officer
Global specialty insurer and reinsurer SiriusPoint announced the appointment of Andreas Kull as chief risk officer, effective March 1, 2022.
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American Equity names chief accounting officer
American Equity Investment Life Holding Company named Dewayne Lummus senior vice president and chief accounting officer, effective Nov. 30.
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ArticleGDPR enforcement roundup: Austrian Post facing new record fine
The Austrian Post is once again appealing what would be a record GDPR fine in the country after successfully defending itself in the first instance. Other recent decisions under the law provide further enforcement trends.
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USAA names accounting, risk chiefs amid executive shuffle
Insurance provider USAA named Brad Weber as chief accounting officer and Mani Sulur as bank chief risk officer among three appointments to its leadership team.
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Aviva promotes within for chief risk officer
U.K. insurer Aviva announced the promotion of Andrea Montague to chief risk officer.
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Insurance Australia Group chief risk officer resigns
Insurance Australia Group announced the resignation of Chief Risk Officer David Watts after three years on the job.
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AIG appoints chief risk officer
Global insurance firm American International Group, Inc. announces the appointment of Sabra Purtill as executive vice president, chief risk officer.
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ArticleAllianz bracing for financial hit amid DOJ scrutiny
Insurance giant Allianz disclosed it could face enforcement resulting from Department of Justice and Securities and Exchange Commission probes into its Structured Alpha Funds business.
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ArticleQ&A: Cigna’s approach to SEC human capital disclosure requirements
Julia Brncic, senior vice president, chief counsel and corporate secretary at Cigna, shares how the global health insurance company is complying with new human capital disclosure requirements in Regulation S-K.
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ArticleTIAA subsidiary to pay $97M over wealth advisory sales practices
A subsidiary of the Teachers Insurance and Annuity Association of America has agreed to pay $97 million to settle charges of inaccurate and misleading statements and failing to adequately disclose conflicts of interest regarding employer-sponsored retirement plans.