Zurich News

Major Insurers Increase Cover For Trans Mountain Oil Pipeline – Filings

Major insurers Zurich, 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 Canada’s …

UK Watchdog Aims For July Court Date on Business Interruption Insurance

LONDON — 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 …

UK Watchdog Goes to Court to Clarify Coronavirus Business Insurance

Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim compensation for disruption caused by the coronavirus pandemic. The Financial Conduct Authority (FCA) also told all insurers to assess whether …

Swiss Re, Zurich Insurance in Talks With Watchdog on Virus Shock

Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their capital buffers and their business, according to people familiar with the matter. The watchdog contacted Swiss Re AG, Zurich Insurance …

Business People: Sedgwick, Swiss Re and Crawford & Co.

Sedgwick Appoints Pool Administrator Sedgwick has hired Rob Kramer, a former York Risk Services manager, as director of pool administration. Kramer will be responsible for developing creative solutions to help risk pools continue to thrive as they face exposures and …

Survey Suggests Ransomware Broadening Perceptions of Cyber Risks

Corporate risk managers are increasingly focusing on protecting their enterprises from business interruption after a series of ransomware attacks on government agencies highlighted the peril of losing access to their computer networks, according to a survey released by Zurich Insurance …

Zurich Insurance Chief Set to End Revamp Ahead of All Goals

Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of underwriting performance, declined to 95.1%, the company …

As InsurTech Takes Over, Insurers Must Train the Humans that Remain

CHICAGO — As technology eliminates claims jobs through automation, insurers will need to build new skill sets for the employees who remain, speakers said during the second and final day of the Insurance Nexus Connected Claims Conference. Eric Brandt, managing …

People News: CIG, Zurich, Marias Technology

Capital Insurance Group Hires Mehrtens as Vice President of Claims Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western United States, announces the appointment of Cynthia Mehrtens, CPCU, ARe, AIM, as vice president of claims. In …

People News: Westfield, Zurich, Willis Towers Watson

Westfield Invests in Small Business, Names Robyn Hahn President, Small Business Bridging expertise from senior leadership roles at national and international insurance carriers with time as an independent insurance agent and small business owner, Robyn Hahn is assuming the role …