Insurers including Hiscox, RSA and QBE will take part in a UK test case to decide whether their policies should pay out millions of pounds to companies hit by the coronavirus pandemic, the industry regulator said on Monday. A national …
Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to the survey – carried out in response to the outbreak …
Zurich Insurance estimates that the overall property and casualty (P&C) claims from the COVID-19 pandemic will be in the region of $750 million for 2020. To put that into context, Zurich’s CFO George Quinn said the expected COVID-19 claim level …
Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and refined products to British Columbia from …
Fritz Gerber, a former leader of Zurich Insurance Group, has died. Gerber was 91. He passed away on May 10, 2020, according to the company, which did not disclose further details. “Fritz Gerber was a remarkable leader and is rightly …
Zurich Insurance Group announced it has appointed Ralph Brand as global head of Casualty, Financial Lines and Cyber, and Chris Waterman as global head of Property, Marine and Technical Lines. With these newly created roles, Zurich further simplifies its Underwriting …
Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday. The Hiscox Action Group, which is seeking to sue Hiscox …
Chris Snider has been named head of Risk Services for Zurich Canada. Formerly the manager of Risk Services – Property, Snider fills a role that was vacated by Scott Thomas, who was named Head of Human Resources. Snider has been …
Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer Allianz for rejecting business interruption claims during the coronavirus pandemic. Edwin Coe and Harris Balcombe said they wanted to challenge …
Almost a month after Tokyo declared a state of emergency, dozens of call center employees for telecom KDDI Corp still commute into their crowded office, where the fear of coronavirus infection has taken a back seat to data security. Call …
