Articles by Chinwe Akomah
Evolution promotes three
Commercial underwriting specialist Evolution Underwriting has promoted three of its senior staff.
Garwyn appoints ex-Marsh chief to CEO
Liability loss adjuster Garwyn, has appointed former Marsh boss Artur Niemczewski as CEO.
Markerstudy recruits group underwriting director
Markerstudy Group has appointed Darren Doughty as head of taxi.
Japanese quake and Thai floods create double BI blow
Insurers covering Japanese earthquake losses are facing unexpected increases in business interruption claims from manufacturers who moved production and sourcing of supplies to Thailand, according to law firm Reynolds Porter Chamberlain.
Ageas provides weather warning service for customers
Ageas has partnered up with WeatherNet, a source of weather data and information, in a move to help its customers prepare for potentially bad conditions.
Sterling strikes renewable energy cover deal with Huber Dixon
Sterling Insurance has teamed up with broker Huber Dixon to provide renewable energy cover to its specialist household and commercial customer base.
Insurer capacity creates good conditions for energy firms
Excess capacity and continuing competition among insurers means that buying conditions remain favourable for many energy firms in the final quarter of 2011.
RSA restructures executive team
RSA has changed its group’s operating structure and executive team.
XL replaces Chartis in solicitors' PI top spot
The Solicitors Regulation Authority has revealed XL Insurance has the largest estimated premium at 18%, according to Professional Indemnity Insurance (PII) arrangements of firms in England & Wales for 2011/12.
Law report: Costs ruling brings necessary clarity
This law report has been contributed by national law firm Berryman’s Lace Mawer
Admiral share price rests on analyst presentation
Admiral’s analyst presentation this afternoon could see its share price rise if it “hits the market with new stuff” or plummet further if it fails, experts have warned.
FCA and PRA collaboration is the key, says Adams
Prudential Regulation Authority boss Julian Adams has pledged the organisation will collaborate with the Financial Conduct Authority to ensure the bodies do not duplicate work.
Admiral share price slumps as Engelhardt warns of no reserve releases in Q4
Equity analysts are maintaining a “cautious hold” recommendation on Admiral’s share price as it dropped this morning revealing large personal injury claims continued to create large costs. Admiral boss Henry Engelhardt also warned there could be no…
Swiss Re makes $130m in natural catastrophe protection
Swiss Re has obtained a further US$ 130m in protection through the Successor X catastrophe bond programme covering North Atlantic hurricane and European windstorm.
Oxygen sells assets
Oxygen Holdings is to sell its subsidiary Robertson Taylor to Entertainment Insurance Partners for an undisclosed sum.
AIR releases German flood catastrophe model
Catastrophe risk modelling firm AIR Worldwide has released an inland flood model for Germany that is said to offer a fully probabilistic approach for determining the likelihood of flood losses from all types of storms.
Towers Watson hires five to make telematics programme global
Towers Watson has made five senior appointments to help roll out a programme that aims to support insurers in creating products priced according to the driver’s behaviour.
Bicycle Protect offers cover through retailers
Bicycle Protect is to offer comprehensive bicycle insurance products through nine new retailers and six more in the future.
Aviva appoints chief risk officer
Aviva has promoted John Lister to UK chief risk officer.
Thai floods: Insured losses creep up
Global reinsurance broker Aon Benfield has estimated the insured losses from the floods in Thailand could be at least US$4.6bn.
Thai floods: Insured losses creep up
Global reinsurance broker Aon Benfield has estimated the insured losses from the floods in Thailand could be at least US$4.6bn.
XL scoops bulk of solicitors’ PI market as fewer join assigned risk pool
As capacity in solicitors’ professional indemnity increases, brokers predict XL will be the biggest player in the market, replacing 2010’s top underwriter Chartis.
Law report: Dispute number challenge fails
This law report has been contributed by national law firm Berrymans Lace Mawer.
"Leaner and meaner" Oval to focus on wiping debt
Oval is aiming to wipe its net debt by 2014 but it is not ruling out making new hires and “selective acquisitions” in the meantime.