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

Digital E&S Broker Pathpoint Raises $30 Million

Pathpoint, a digital excess and surplus lines insurance brokerage, reported that it has raised $30 million in funding. Investors include Caffeinated Capital, which led the round, and repeat investors including SciFi VC, Founders Fund, and Chubb. Hiscox and other carriers …

Drug Industry Faces First High-Stakes Opioid Jury Trial

Jurors on New York’s Long Island are set to determine whether a group of opioid makers and drug distributors created a public health crisis and should pay for it, in a bellwether trial for lawsuits filed by communities across the …

Central London Could Lose as Many as 835,000 Jobs to Remote Working: Report

Central London could lose as many as 835,000 jobs in the aftermath of the COVID-19 pandemic, with employees in service industries increasingly able to work remotely and flexibly, according to research by a consulting firm. An analysis of London’s labor …

Danny Is No Longer a Tropical Storm as It Moves Over Georgia

The National Hurricane Center has withdrawn yesterday’s tropical storm warning. Tropical Storm Danny has weakened as it travels inland over Georgia and is no longer classified as a tropical cyclone. The remnants of the storm were moving toward the west-northwest …

People Moves: Swiss Re’s Render to Peak Re; Aon’s Denbigh to TigerRisk’s Retro Unit; Price Forbes’ Fox to Oneglobal

The following international People Moves provides details of appointments at reinsurer Peak Re and two brokers, TigerRisk and Oneglobal. A summary of these new hires follows here. Peak Reinsurance Co. AG, the wholly owned European subsidiary of the Hong Kong-based …

BHSI Introduces D&O Liability and Professional Indemnity Policies in Ireland

Berkshire Hathaway Specialty Insurance (BHSI) announced it has added to its customized suite of directors & officers (D&O) liability and professional indemnity policies, for customers in Ireland. The company has launched a new suite of “Professional First” coverages, which includes …

Wilson to Succeed Stovin as President of Markel International

Markel Corp. announced that Simon Wilson will become the next president of Markel International, a wholly owned subsidiary. He will succeed William Stovin who has led the Markel International division since 2008. The transition is part of a planned succession …

Swiss Re’s iptiQ and German Real Estate Platform Launch Digital Loss-of-Rent Cover

Swiss Re’s iptiQ and ImmoScout24, Germany’s leading online real estate platform, are launching a loss-of-rent insurance product, which provides private landlords with protection against the financial uncertainties that can arise from tenancy agreements. As an insurance partner, iptiQ offers ImmoScout24 …

EU Permits Free Flow of Data with UK to Avoid Violations of Its Strict Privacy Rules

The European Union gave its formal blessing to a decision guaranteeing the free flow of data between the bloc and the UK. The European Commission, the EU’s executive arm, on Monday adopted so-called adequacy decisions that will allow companies to …

EU to Update Workplace Safety Rules, Reflecting Shift to Home Working During COVID

BRUSSELS – The European Commission plans to update its rules on worker safety to reflect the shift millions employees made to working from home during the COVID-19 pandemic and to reflect the anticipated digital and green recovery. During the pandemic, …