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Industry News

Swiss Re Appoints Haycock as Its First Chief Data Officer

Swiss Re announced that Ian Haycock has been appointed to the newly created role of chief data officer as of May 1, 2020. Together with Youngran Kim, who started as the group chief technology officer this month, Haycock will further …
MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia

Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately. Bonfà is based in Milan and reports to Anthony Stevens, president, Victor International. With a 20-year …
Lloyd’s Picks 12 Insurtech Startups for Next Cohort of Its Innovation Lab

Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab. The 12 teams were chosen out of more than 190 applications, received from across the world, for the fourth cohort of the Lloyd’s Lab, which starts …
China Plans to Relax Rules on Foreign Ownership of Domestic Life Insurers: Sources

China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic peers, five people with knowledge of the matter said, as the country pushes ahead in opening up its financial sector. …
Canada’s Insurers to Cut Auto Premiums as Drivers Stay Home During COVID-19 Crisis

Insurance Bureau of Canada (IBC), an industry association for Canada’s home, auto and business insurers, on Wednesday said its members would lower costs for auto insurance to reflect reduced driving during the COVID-19 pandemic. Its members, which make up 90% …
PartnerRe’s Parent EXOR Vows to Go Ahead with Deals Despite Pandemic

The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a letter to the holding’s shareholders, …
Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations

More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place and other conditions required during the coronavirus crisis. Progressive Insurance announced it is providing approximately $1 billion to its drivers …
Suit Alleges Zoom Overstated Privacy, Did Not Disclose Security Flaws

Zoom Video Communications Inc. was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted. Shareholder Michael …
The Liberty Company Insurance Brokers Adds Kiley in California

The Liberty Company Insurance Brokers has added Jacob Kiley to its San Jose, Calif., office. Kiley specializes in contractor, hospitality, technology and non-profit accounts. Kiley has been with One Risk Group LLC for the past seven years. The Liberty Company …
California’s Comp Rating Bureau Says No Mid-Year Pure Premium Filing Due to COVID-19 Impacts

The Workers’ Compensation Insurance Rating Bureau of California’s governing committee has decided not to submit a July 1, 2020 rate. The committee met this week to review the WCIRB actuarial committee’s analysis of Dec. 31, 2019 California workers’ comp experience. …

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