Articles by Chinwe Akomah
RK Harrison unveils professional indemnity cover for art sector
R K Harrison Insurance Services has developed a professional indemnity insurance policy for art market professionals.
Homeowners expose themselves to unpaid claims, report finds
Almost 60% of homeowners still expect their insurer to pay out for any weather-related damage to their home, no matter what its state of repair, Axa's winter claims research has revealed.
W R Berkley hands AML additional underwriting capacity
Managing general agent AML Underwriting has secured additional underwriting capacity from W R Berkley Insurance Europe and now plans to boost its broker base.
Jon Clarke to leave Jubilee
Jon Clarke, active underwriter for Lloyd's life Syndicate 779 at Jubilee Group Holdings, is to leave the business.
Hastings relaunches People's Choice
Hastings Direct has given motor insurance brand People's Choice a fresh look to make it more engaging for customers.
DLG to apply for alternative business structure
Direct Line Group is to make an application to have an alternative business structure later this year in a bid to boost customer choice.
Catlin names chief science officer
Catlin has appointed Michael Maran as chief science officer.
Integration costs force AJ Gallagher into the red
Arthur J Gallagher UK has reported an unconsolidated loss before tax of £2.8m for the year end 31 December 2011, compared to a profit of £4m profit for the same period last year.
Covéa fears surge in motor subrogation practices after RSA ruling
Covéa has warned that some insurance businesses may adopt motor repair subrogation cost structures similar to RSA's after a high court found in favour of the insurer.
Standard & Poor's upgrades Groupama Insurances to BB
Ratings agency Standard & Poor's has upgraded Groupama Insurances to a financial strength of BB on credit watch with positive implications, and expects to boost the rating to BBB in Q4.
Allianz could appeal against RSA motor subrogration judgment
Allianz may appeal against a high court judgment which found RSA's motor repair subrogation costs to be legal, despite being told that an appeal is likely to fail.
EIOPA chairman calls for Solvency II clarity
Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority, has urged the European Commission to press ahead with the "stagnant" Omnibus II negotiations and their impact on Solvency II negotiations.
Motor subrogration appeal against RSA likely to fail, says top judge
A High Court judge has ruled in favour of the motor repair subrogration costs RSA charged Allianz and Provident, stating that the charges were reasonable even if the insurer had used its own repair network.
Randall & Quilter buys captive insurer Rab
Randall & Quilter Investment Holdings has completed the acquisition of the entire issued share capital of Guernsey domiciled captive insurer Rab Insurance from the owner Drakelow Development Holdings.
Ace goes live with property insurance cover to fill terrorism gap
Ace has launched a property insurance proposition designed to cover the gaps between traditional property, terrorism and political violence insurance policies.
Home & Legacy unveils building works product
Allianz subsidiary Home & Legacy has partnered with Allianz Engineering to launch a unique building works product to the high net worth insurance market.
FSA to change free float limit under new listing proposals
The Financial Services Authority has proposed plans to lower the free float limit for UK-listed companies as part of a package of reforms designed to enhance the listing regime.
Talanx floats on Frankfurt Stock Exchange
Talanx AG has started trading on the Frankfurt and Hanover stock exchanges at €19.05 after two failed floats.
Asta Capital names Tighe as COO and CFO
Lloyd's third-party syndicate manager Asta Capital has appointed Julian Tighe, pictured, as chief operating officer and chief financial officer.
RSA makes two promotions in global specialty lines
RSA has made two new appointments in its global specialty lines business.
Aegis London rewards policyholders with premium credits
Aegis London, the UK-based subsidiary of mutual insurer Associated Electric & Gas Insurance Services Limited, has approved $1m (£620 000) in premium credits which will be returned to members through the firm’s premium credit programme.
CVC buys majority stake in Cunningham Lindsey
Private equity house CVC Capital Partners has bought a majority stake in loss adjusting giant Cunningham Lindsey.
Grant Thornton appointed as Gibraltar insurer Lemma goes into liquidation
Lemma Insurance Company has gone into liquidation, the Gibraltar Financial Services Commission has confirmed.
DLG to miss out on FTSE 100 listing
Direct Line Group is unlikely to join the FTSE 100 when it lists on the London Stock Exchange this month.