People Moves: Liberty Mutual’s Curtis to Starr; Buckle Hires Two; RT Specialty Promotes Reynolds April 13, 2021
Starr Insurance Companies Hires Curtis to Lead Primary Construction Unit
Starr Insurance Companies has hired Matt Curtis as vice president and profit center manager for its Primary Construction unit.
In his prior role at Liberty Mutual, Curtis oversaw the primary construction casualty unit. Before this construction role, he held a number of underwriting and risk management positions within Liberty’s National Insurance group.
Curtis is based in Boston, Massachusetts.
Source: Starr Insurance Companies
Buckle Adds 2 Top Insurance and Banking Industry Executives
Buckle, a Jersey City, New Jersey, tech-enabled financial services company, has hired Adam Landau as its new chief information officer. The company has also hired Paul Lautenshlager as head of operations and distribution.
Joe Reynolds Promoted to Vice President at RT Environmental & Construction Professional Hamilton, NJ, April 01, 2021 (PR.com) Joe Reynolds has been promoted to vice president within the Environmental and Construction Professional (ECP) Practice of RT Specialty. He joined the company in 2018 as an assistant vice president and has since built a substantial book of business within the Contractor’s Pollution Liability (CPL), Architects & Engineers (A&E) and Contractors Professional (CPrL) Liability marketplace.
“Joe’s technical expertise across a wide variety of management and professional liability products has made him a valuable ally to much of our client base,” says Jeff Slivka, president of RT ECP. “Throughout the past three years, he has worked diligently with brokers and agents nationwide to identify superb risk management solutions for their clients. This includes working with project owners, contractors and developers to better understand the many benefits afford
Hiscox Insurance makes initial settlement offers to business interruption policyholders Late night leisure broker NDML has received the first offer of settlement from Hiscox for its clients involved in the Financial Conduct Authority (FCA) business interruption insurance test case.
Hiscox was one of eight insurance firms to feature in the test case, which was first brought by the FCA last year to determine whether their business interruption policies should pay out on claims related to the Coronavirus.
The case eventually went before the Supreme Court, which
A pro bono joint campaign between NDML, the Night Time Industries Association (NTIA) and Philip Kolvin QC from barristers chambers 11KBW confirmed that policyholders it represents had now received initial settlement offers from Hiscox.
Claims People: Sovereign Claims, AmTrust International, Gordon & Rees, McGuireWoods February 22, 2021
Sovereign Claims Appoints 2 Executives
Sovereign Claims, a risk management consulting firm based in New York, has appointed Neal Conolly as president and John Humphreys as chief claims officer.
Founder Timothy Gallagher, who previously served as president, will now serve as chief operating officer.
Humphreys will oversee claims administration and provide strategic direction in the management of resources. He joins Sovereign Claims following more than 30 years in the property and casualty insurance industry with both legal experience and national and international executive claims experience. He has led legal groups in the United States, Canada and United Kingdom for Travelers Insurance Co. where he most recently served as senior vice president and claim general counsel, Sovereign said in a press release.
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Theft Insurer Must Face $5M Suit By Gambling Site Backer
Law360 (February 18, 2021, 8:43 PM EST) A Minnesota federal judge ruled Thursday that Hiscox Insurance Co. cannot dodge Cumulus Investors suit accusing it of breaching a $5 million employee theft policy, finding that Cumulus sufficiently argued it meets the policy s coverage since it established that the employees who scammed it worked for an affiliate company.
Cumulus alleges it was scammed into losing over $17 million through the thefts and forgeries of workers at GigaMedia Corp., a mahjong and poker site in which Cumulus is a major shareholder. Hiscox did not cover the millions in losses since the scam was carried out by Giga workers, who the insurer.