Zurich

With hundreds of coronavirus-related BI suits working through state and federal courts, insurers still face a multi-billion-dollar challenge to keep judges and juries ruling in their favor.

The executive will report to Alex Wells, head of middle market at Zurich’s Illinois-based operations.

The executive will take on a leading role in all aspects of the carrier’s data management.

The newly created role is part of the firm’s strategy to split its construction business into two segments, property and casualty.

The carrier posted a strong turnaround after suffering heavy Covid-19 claims last year.

While the pandemic offered some relief to commercial auto insurers, maintaining margins will be tricky to achieve given rate moderation.

The read-across from the extreme weather to losses is not simple and insurers may do better than would be assumed.

He will report to regional CEO Kristof Terryn and will also have responsibility for business development.

Policyholders are homing in on loose policy wordings to convince courts that insurers have acted in bad faith.

The former financial lines CUO will start at the end of the month and be based in Switzerland.

Zurich’s Boston-based global head of cyber risk Lori Bailey is set to leave the business, Inside P&C understands.

The restaurant chain is seeking over $50mn from the insurer to cover expenses arising from Covid-19.