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News – Insurance Journal
Beazley Restructures U.S. Executive Risk Leadership Team
Beazley has restructured its Executive Risk leadership structure in the United States, which aims to support greater knowledge sharing and collaboration within the global executive risk teams and will focus on developing innovative insurance solutions that tackle the board-level risks …
POSTED SEPTEMBER 18, 2020 12:07 PM |
EU’s Barnier Still Hopes for UK Trade Deal Despite Latest Crisis
The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible despite a new crisis in the tortuous four-year saga, diplomatic sources told Reuters. Britain left the …
POSTED SEPTEMBER 18, 2020 8:53 AM |
Former Bank of England Chief Carney Joins Advisory Board of Allianz’ PIMCO
Former Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world’s biggest bond investment companies, adding to his existing roles with the United Nations and a Canadian asset manager. Carney will work alongside …
POSTED SEPTEMBER 18, 2020 8:46 AM |
Londoners Slowly Return to Work After Schools Reopened
Londoners are slowly returning to work in offices, factories and stores after children went back to school at the start of the month. Data compiled by Google show workplace attendance has increased slightly in three of the UK capital’s main …
POSTED SEPTEMBER 18, 2020 8:35 AM |
What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’
Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a broker he knows. “It isn’t a …
POSTED SEPTEMBER 18, 2020 8:23 AM |
Paskin Named CEO of Convex Re, Bermuda; Butt Named CEO of Convex Insurance UK
Convex Group Ltd., the specialty insurer and reinsurer, announce that Matt Paskin has been appointed as CEO of Convex Re Ltd. (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance UK Ltd. (London). These appointments are subject …
POSTED SEPTEMBER 18, 2020 7:50 AM |
Insurance Development Forum Launches Insurance Program for Peruvian Schools
The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by international organizations, announced the launch of an insurance program for Peru’s public schools. The program is the result of a grant agreement between Germany’s …
POSTED SEPTEMBER 18, 2020 7:34 AM |
Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals
Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions into casualty reinsurance contracts next year, a reinsurance broker representative revealed recently. Amanda Nguyen, U.S. Casualty Solutions Leader for Reinsurance …
POSTED SEPTEMBER 18, 2020 7:15 AM |
Gallagher Bassett Transportation Creates Major Case Unit for Claims
Gallagher Bassett Services Inc. (GB), based in Rolling Meadows, Ill., has launched the GB Transportation Major Case Unit (MCU), a claims handling center that focuses solely on clients’ most severe, complex and high exposure claims. Transportation Practice Senior Vice President …
POSTED SEPTEMBER 18, 2020 6:56 AM |
Louisiana Insurance Agents Get C&D Orders for Alleged Misappropriated Premiums
Two St. Martin Parish, Louisiana, insurance producers have been hit with Cease and Desist Orders and fines for allegedly misappropriating premium funds, Louisiana Department of Insurance (LDI) reported. The department said Tasey Ann Tolliver-Alexander is alleged to have misappropriated insurance …
POSTED SEPTEMBER 18, 2020 6:49 AM |
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