Monthly Archives: <span>May 2016</span>

Swiss Re Corporate Appoints Gonzalez to Succeed Petrilli as CEO North America

Swiss Re Corporate Solutions has appointed Ivan Gonzalez as CEO North America. Gonzalez succeeds Robert Petrilli, who the insurer said has decided to leave Swiss Re at the end of 2016. The company said Gonzalez is moving from his current …

Suit Against Airbnb Alleges Racial Discrimination in Housing Rentals

Airbnb Inc. was accused in a civil rights lawsuit of ignoring a Virginia man who said a host with the online room rental company had rejected his reservation request because he’s black. Gregory Selden, 25, sued in Washington Tuesday. He …

Liberty Mutual Starts $150M Venture Capital Fund for Instech

Liberty Mutual Global Consumer Markets has formed a new venture capital initiative focused on technology and the insurance industry. Liberty Mutual Strategic Ventures (LMSV), a $150 million early stage venture fund, is aligned with the innovation strategy of Liberty Mutual …

Auto Insurance Customers Disappointed in Their Insurers’ Websites: J.D. Power

While overall customers are more satisfied with their experience shopping online for auto insurance, they are less thrilled with the websites of individual insurance companies, with only slightly more half saying they “definitely will” return to the site for their …

U.S. to Hear Concerns Over Coal Mines’ Self-Bonding

The United States is considering whether to reign in a subsidy on coal mine cleanup costs and in so doing shield taxpayers from those liabilities, a leading regulator for the mining industry said on Wednesday. The program, known as self-bonding, …

Soaking Up Insurance on a Sunny Saturday at the Carnival and Ballpark

While predictive models may not always hold up as well as we hope, luckily the weather forecast did for this sunny Saturday. After a hard week in the office, I was taking my boys out for a day at the …

StarStone, Subsidiary of Enstar, Creates Australian Underwriting Hub

StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced the creation of an underwriting capability in Australia. The new hub will operate alongside Enstar’s existing Australian operation, subject to regulatory approval. StarStone Australia will be led by …

Update: Debris Found from Crashed EgyptAir Plane

Egyptian authorities said they found wreckage and belongings from the missing EgyptAir plane that vanished en route from Paris to Cairo with 66 people on board, marking the first breakthrough in the investigation. Egyptian military aircraft and naval ships Friday …

Arch Insurance Europe Names Shulman as President & CEO

Arch Insurance Europe announced that Matthew Shulman will be appointed president and chief executive officer, effective July 1, 2016. Shulman joined Arch Insurance U.S. in 2009 and currently serves as executive vice president, responsible for its Executive Assurance and Professional …

Update: Skuld to Acquire SMA/Gerling Norway and Its Hull & Machinery Book

Skuld, the Oslo, Norway-based marine insurance provider, announced it has signed a letter of intent to purchase SMA/Gerling Norway. The transaction includes the acquisition of the renewal rights of the hull & machinery book of business written by Gerling Norway, …