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People Moves: AIG Names BlackRock's Wade as Digital Chief; Great American Promotes DeSoto; AXIS Adds to Cyber; Cover Genius Adds Execs

People Moves: AIG Names BlackRock’s Wade as Digital Chief; Great American Promotes DeSoto; AXIS Adds to Cyber; Cover Genius Adds Execs
April 5, 2021
American International Group announced that
Claude E. Wade will join the company in the second quarter of 2021 in the newly created role, executive vice president, global head of Operations and Chief Digital Officer, AIG.
Claude Wade
Wade, who has 30 years of operations experience, primarily with Fortune 100 companies, joins AIG from BlackRock where he most recently served as global head of Client Experience and head of the Atlanta Innovation Hub. Wade was responsible for shaping the global distribution ecosystem and improving the digital experience for BlackRock clients, revenue retention and efficiency improvements and had overall executive responsibility for creating BlackRock’s Atlanta office and digital innovation center. In 2017, He also served as chief operating officer for BlackRock’s Institutional Client Business where he oversaw day-to-day execution for BlackRock’s largest business with over $3 trillion in assets under management and $3 billion in annual revenue.

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Hudson Gains Professional Lines Renewal Rights, Experienced Team from Validus

Hudson Gains Professional Lines Renewal Rights, Experienced Team from Validus
January 7, 2021
Hudson Insurance Group has completed a business transfer agreement with Validus Specialty Underwriting Services for the renewal rights transfer of a select portfolio of Miscellaneous Professional Liability, Financial Institutions Liability and Management Liability policies. The agreement also includes the transfer of 10 employees to Hudson, which became effective January 1, 2021.
Hudson President and CEO Christopher Gallagher said the deal accelerates his company’s presence in the Financial Institutions market where it has experienced long-term and successful growth in both Management and Professional Liability lines of business.
The new professional lines team brings experience across several disciplines including underwriting, actuarial, claims and legal headed by Catherine Cossu. Cossu has more than 25 years of experience in professional lines. As senior vice president, she will serve as the head of the Financial Institutions and Professional Liability business units, which operate under the leadership of Trevor Howard.

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