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People Moves: Pinnacol Names Neppel Chief Investment Officer; Alliant Makes Krickl Vice President

Pinnacol Assurance named Jennifer Neppel chief investment officer. Neppel will succeed David Bomberger, who will retire on March 1 after nine years with Pinnacol. Neppel has a background in investment management, mostly for large healthcare organizations. Pinnacol Assurance is Colorado’s …

People Moves: Lloyd’s Names Chubb’s Miller as Commercial Dir.; Chubb Promotes Meyer to Switzerland Country Pres.; WTW Hires Aon’s Weda for Corp. Risk & Broking, Benelux

This edition of International People Moves details appointments at Lloyd’s, Chubb and Willis Towers Watson (WTW). A summary of these new hires follows here. Lloyd’s Names Chubb’s Miller as Commercial Director Lloyd’s announced the appointment of Dawn Miller as its …

Tennessee Jury Awards $9 Million to Man Who Sipped Cleaning Fluid at Restaurant

A Tennessee jury has awarded damages far above what the plaintiff asked for, after finding the Cracker Barrell restaurant company at fault for allowing a customer to accidentally drink a cleaning compound. The customer, William Cronnon, was having lunch in …

Shock Rejection of Purdue Pharma Opioid Deal Raises Scrutiny by Bankruptcy System

The surprise rejection of Purdue Pharma LP’s sweeping opioid settlement is already reverberating through the rest of the bankruptcy system. Ascena Retail Group, the former owner of women’s fashion brands including Ann Taylor and Lane Bryant, is the latest company …

U.S. Airlines Report Only Minor Disruption From 5G Deployment

U.S. airlines said on Wednesday the rollout of new 5G services was having only a minor impact on air travel as the U.S. Federal Aviation Administration (FAA) said it has issued new approvals to allow more low-visibility landings. The increased …

Oil Spill Caused by Massive Waves From Tonga Is ‘Ecological Disaster’ for Peru

An oil spill at a refinery in Peru during high waves caused by the explosion last weekend of a volcano in Tonga is an “ecological disaster,” the Peruvian government said on Wednesday. The foreign ministry said that the oil spill …

In Both Hard and Soft Markets, Zurich Aims to Maintain Focus on Underwriting Discipline

Zurich Insurance Group has worked hard to turn around its financial results over the past five years by bringing underwriting back to the organization, with a greater focus on selecting the right risks, pricing them accordingly, properly structuring programs and …

Insurtech Reask Gets Funding to Deliver Next-Generation Natural Disaster Modeling

Insurtech Reask, an Australian science and technology company that focuses on natural hazard modeling, announced it has closed its seed funding round, led by Tencent, the global technology giant headquartered in China. The funding will support the next stage of …

UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market

Commercial motor insurer Zego announced a European expansion plan by launching in the Netherlands and ramping up operations in France, while aiming to identify other target territories during 2022. The company, which became the UK’s first insurtech unicorn last year, …

Cyber MGA Resilience Becomes Lloyd’s Coverholder

Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at Lloyd’s. As a Lloyd’s coverholder, Resilience will be positioned to deliver its comprehensive cyber risk management and insurance solutions to the worldwide …

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