QBE North America appointed Dan Fortin and Todd Greeley as the heads of its financial lines business. They both were former underwriters in Berkshire Hathaway Specialty Insurance Inc. QBE NA said that it aims to expand its Management Liability, Professional…
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Adrien Couret Joins the Scor Board of Directors
SCOR announced its decision to co-opt Adrien Couret, Chief Executive Officer of the Macif group, as a Director. The decision was made in the SCOR Board of Directors meeting held on November 5, 2020. This follows Jean-Marc Raby’s resignation from…
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Swiss Re Reports 9-month Net Loss Amid the Pandemic
Reinsurance company Swiss Re reported a small net loss in the first nine months after booking claims and reserves of $3 billion related to COVID-19. The company said that the loss is less than expected. Insurers worldwide are facing large…
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Insurance Tech Virtual Conference Inviting 25+ Experts on AI, IoT, Customer Experience, Innovations and Data Analytics
In view of the current trends in technology transformations and innovation in the insurance business, Altaworld is hosting a premier Insurance Tech Virtual Conference on December 14 – 15, 2020 with 25+ technology experts speaking over the two days. Additionally,…
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MGA DUAL to Use Its Own Underwriting Capital
DUAL Group – one of the world’s largest international MGA has announced that it will be deploying its own group underwriting capital, alongside provisions from its existing capacity providers. DUAL, the specialist underwriting arm of Hyperion Insurance Group, is the…
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Zurich Launches Business Travel Insurance Product
Zurich North America, the leading provider of business property-casualty insurance solutions and services in the USA, announced a brand-new business travel accident insurance solution that may help employers protect their traveling employees in the event of a health emergency. The…
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Julie Page Appointed As the New CII President
The Chartered Insurance Institute (CII), the professional body for the insurance sector appointed Aon UK chief executive Julie Page as its new president, succeeding Nick Turner, sales and agency director of NFU Mutual. Peter Blanc, group chief executive of Aston…
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StarStone Appoints Head for Newly Formed E&S Property Division
The StarStone United States has announced that the newly created excess and superfluous property dividend will be chaired by Alison Oliphant. Oliphant will be responsible for all aspects of the business unit, including direct control of underwriting teams for the…
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D.C. Judge sides with Insurers on COVID-19 Business Interruption
The insurance industry has marked a victory in the case against several restaurant owners. The case was brought by the owners of restaurant owners against its insurer, Erie Insurance Exchange. They were claiming that commercial insurance policies cover business interruption…
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Lost Jobs amid Pandemic are keeping American People Uninsured
Covid-19 has hit the economy so hard. The uncertainty around the recovery of the economy is costing many jobs. It has become months and the majority of the people in this world are under lockdown condition. Many people have lost…
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