Articles by Chinwe Akomah
BIS 2011: Livingstone calls for more investment
Former Mayor of London Ken Livingstone has said the global economy is in the “greatest shift of economic power for 500 years” from America and the UK to Japan and Brazil.
Xchanging obtains broker services control from Aon
Technology services provider Xchanging has gained full control of Xchanging Broker Services.
BIS 2011: EU economy could go into meltdown, warns former Bank of England boss
The former deputy governor of the Bank of England Sir John Gieve has forecasted the European economy will either slowly limp along to recovery and see unemployment rise or go into complete meltdown.
Water damage creating costly commercial claims
Approximately 50% of claims made on commercial buildings and contents insurance are for damage cause by escape of water, property insurance specialist Cadogan Keelan Westall has found.
Marsh to assist SMEs managing trade credit
Marsh has said it has enhanced its Cover Credit service to assist small to medium enterprises to manage trade credit risk.
Allianz "plods" for charity
A team of seven employees from Allianz Legal Protection have completed a 40 mile night walk through the Cotswolds raising over £6 500 for Action Medical Research.
Liberty appoints head of D&O
Liberty International Underwriters in Europe has appointed Guy Williams as head of directors and officers and financial institutions (D&O/FI).
Lonmar reimburses underwriters £2m after commission charge error
Lonmar Global Risks have been forced to reimburse marine underwriters with more than £2m in commission after finding excessive levels were applied.
Equity Red Star forms broker relationship team
Specialist motor insurer Equity Red star has established a dedicated national broker relationship management team to develop profitable accounts with its largest business connections.
Japan typhoon causing "minimal" damage
AIR Worldwide has estimated insured losses from Typhoon Roke are between $150m and $600m.
Lloyd's and ABI band together on Solvency II
Lloyd’s and the Association of British Insurers’ are working together on a proposal that will allow the London market to push ahead with implementing Solvency II - even if it is delayed until 2014.
Law report: Health & safety judgments remain good law despite minor issues
This law report has been contributed by national law firm Berrymans Lace Mawer.
Lloyd's to only take on "inherently profitable" business plans
Lloyd’s has denied coming down harder on underwriters to write reasonably priced risks but admitted it will be more difficult to convince the market of profitable business plans.
Novae syndicates' underwriter promoted to director
Novae Syndicates has promoted Jonathan Butcher from active underwriter to group underwriter director, with Ian Burford and Robert Forster appointed to the roles of joint active underwriters.
Barbican to bid for Omega
Barbican Insurance has refused to comment on rumours that it will make a takeover bid for Omega.
Lloyd's losses to exceed £1.5bn in first half year
Lloyd’s’ overall loss for the first half year could exceed £1.5bn, according to predictions by accountants Mazars.
Lloyd's syndicate drops Saudi lawsuit
Lloyd’s syndicate Riverstone Managing Agency (3500) has dropped its $215m lawsuit against Saudi Arabia in which it planned to sue the kingdom for funding the 9/11 attacks.
Underwriters ignore jurisdiction "forgotten risk"
Underwriters have been criticised for failing to acknowledge the wrong jurisdiction can erode profit margins, delegates at the International Association of Engineering Insurers' conference were told.
MPLC expands D&O panel to Aspen
Specialist liability insurer, the Medical Professional Liability Company syndicate 4000 has added Aspen Managing Agency syndicate 4711 to its directors’ and officers’ liability underwriting facility.
Denney O'Hara marks colleague's 40 year service
Tributes were paid to personal lines broker Judith Fryer to honour her 40 years of dedicated service to Denney O'Hara insurance.
Lloyd's syndicate sues Saudi for financing 9/11
Lloyd’s insurance syndicate 3500 Riverstone Managing Agency, has launched a landmark legal battle against Saudi Arabia, accusing it of indirectly finding al-Qaeda and demanding the repayment of £136m it paid out to victims of the 9/11 attacks.
Legal expenses market unclear
The International Underwriting Association has urged insurers to review their liability products in light of a vast increase in potential legal costs arising from corporate manslaughter prosecutions.
Oxford Insurance Brokers moves to London
Oxford Insurance Brokers has transferred Alwen Hough Johnson special lines team and existing portfolio of business to its London office on Lombard Street.
£2m "crash for cash" scam brothers jailed
Two Lancashire brothers who pocketed almost £2m between them from a “crash for cash” scam have been jailed.