Monthly Archives: <span>February 2021</span>

Zurich Insurance Appoints De Nil as CEO of Nordics

Zurich Insurance Group has appointed Dirk De Nil as CEO of Nordics, in addition to his current role as CEO Benelux, expanding his management responsibility in the Europe, Middle East and Africa region. He succeeds David Haak, who will take …

Policygenius Hires Shepherd as Chief Financial Officer

Policygenius has hired Bill Shepherd as the company’s chief financial officer. In this role, Shepherd will oversee all of the company’s finance-related functions including accounting, corporate finance, corporate and business development, financial planning and analysis, taxes and investor relations. Shepherd …

Sovereign Claims Appoints Humphreys, Conolly to its Executive Team

Sovereign Claims LLC, an insurance risk management consultancy serving underwriters in the real estate development, general contracting and construction industries, has appointed John Humphreys and Neal Conolly to its executive team. Humphreys steps into the newly created role of chief …

Lloyd’s Expects to Reopen Underwriting Room in April or May

Lloyd’s expects to reopen its underwriting room on Lime Street in London after Easter from April 12, or after the early May UK holiday on May 4. The decision will depend on the UK government’s update on the roadmap out …

Viewpoint: Biometric Information Privacy Statutes Could Be a Minefield for Insurers

In recent years, there has been a dramatic increase in private entity use of biometric-dependent technology to assist with employee timekeeping, financial transactions and security. In turn, privacy concerns regarding biometric information have intensified, prompting legislators to enact statutory protections …

AM Best Upgrades E&S Outlook; Praises Resiliency, Clear Terms Amid Pandemic

A.M. Best has upgraded its outlook for the U.S. excess & surplus lines insurance sector citing its resiliency in the face of pandemic challenges. A.M. Best revised its outlook for U.S. E&S to Stable from Negative. “Despite the widespread impact …

Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020

The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses from natural catastrophes and managing operations amid the global pandemic. However, barring another overly severe catastrophe season in 2021, the …

UK to Set Up Green Finance Hubs to Encourage Banks, Insurers to Invest in Renewables

The UK will set up green finance hubs in Leeds and London as part of efforts to encourage lenders and insurers to invest in renewable energy and sustainable agriculture. The two cities will host the new UK Centre for Greening …

Insurers Expect ‘Hundreds of Thousands’ of Claims from Texas Storm

U.S. property insurers are bracing for claims for damage from collapsing roofs, bursting pipes and lost business as Texas takes stock of its losses from a winter storm that has crippled its electrical grid. Insurers’ losses could stretch into billions …

UK Court Rules Uber Drivers Should Be Classed as Workers, in Blow to Business Model

LONDON – A group of Uber drivers are entitled to worker rights such as the minimum wage, Britain’s Supreme Court ruled on Friday in a blow to the ride-hailing service that has ramifications for millions of others in the gig …