Monthly Archives: <span>December 2020</span>

Victor Insurance Appoints Former RSA Executive Turner as International Head of Marine

Victor Insurance, the world’s largest managing general underwriter (MGU), announced the appointment of Richard Turner as international head of Marine, effective immediately. In this newly created role, Turner will be responsible for driving Victor’s international marine business with a specific …

Momentum Is Building for Pre-Flight COVID-19 Airport Testing

Even as the race to approve and distribute COVID-19 vaccines is entering its final stretch, parts of the travel industry are sprinting to a different finish line: airport testing. In hubs large and small, from JFK to Boston to Frankfurt, …

Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing

Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies as the economy is hit by a second wave of the coronavirus pandemic. Under the deal, which still requires a …

Central American Storms in 2020 Preview What’s Ahead with Climate Change: Experts

HAVANA/GUATEMALA CITY – Villagers in Guatemala’s Mayan hillside hamlet Sanimtaca had been about to harvest their cardamom crops that take three years to grow when waves of floodwater triggered by two tropical storms last month washed them away. Now they …

Cyclone Burevi Weakens After Bringing Heavy Rain to Southern India

CHENNAI – A cyclone that brought heavy rain to parts of southern India and neighboring Sri Lanka has weakened into a “practically stationary” deep depression, India’s weather office said on Friday. It was not immediately clear how much damage the …

Flood Insurance Lessons Learned from the 2020 Hurricane Season

At long last, the 2020 Atlantic hurricane season has officially ended. The grim statistical tally highlights a dramatic year, the most active in recorded history. This year saw 30 named storms and 13 hurricanes, of which 6 were major hurricanes …

Train Carrying Motor Vehicles Derails in Mississippi

A train carrying motor vehicles, polyvinyl and acetone derailed early Wednesday in Jones County, blocking roads and railroad traffic, a Jones County Fire Council spokesperson said. The Hattiesburg American reports that no one was injured. Public information officer Dana Bumgardner …

Nebraska Agency, INSPRO, Acquired by Marsh & McLennan Agency

Marsh & McLennan Agency LLC (MMA) has acquired INSPRO, a full service, independent agency in Lincoln, Nebraska. Terms of the acquisition were not disclosed. For more than 80 years, INSPRO has been providing business insurance, employee benefits and personal lines …

Euclid Life Science Names Bailey Vice President of Underwriting in West

Euclid Life Science Specialty LLC has named David N. Bailey vice president of underwriting and executive underwriter. Bailey’s focus will be growing the company’s presence and core book of life science products-work hazard liability and professional liability on the West …

United Valley in California Promotes Aguirre and Newland

Fresno, Calif.-based United Valley Insurance Services Inc. has promoted Monika Aguirre and Elizabeth Newland. Aguirre has been promoted to assistant vice president in member services. She will join the executive team and has also assumed primary responsibility as company relationship …