Starr
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The case is the latest US suit regarding whether physical damage is required to trigger BI payouts. -
Plus the implications of the X-Press Pearl sinking and all the top news from this week.
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The insurer has been expanding its marine presence in London.
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The recruit, who was previously Catlin’s cargo class underwriter, will join the company on a temporary basis as it builds in London.
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The new director brings experience from AM Best, Generali and Lloyd’s, among other companies.
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Coronavirus’ unwanted record; John Neal speaks out; structured credit freezes up.
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Former QBE executive Juan Carro Arbelo will be insurance regional manager for Iberia.
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Former Swiss Re aviation executive Paul O’Ryan is set to join the business.
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The Civil Aviation Administration of China account has an annual premium volume of about $85mn.
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Carsten Nawrath joins the carrier after leading Swiss Re’s general aviation and aerospace business in EMEA.
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“Ransomware is an epidemic and unless we stop it, it will continue to grow," the senior underwriter said during a conference Thursday.
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Size of payout will depend on whether CBI sub-limit of $100mn holds, with insured seeking $450mn.
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