Articles by Chinwe Akomah
Capita targets third pillar of Solvency II requirements
Capita’s financial services consultancy practice plans to strengthen its presence in regulatory change in response to market demand.
IUA produces first time accurate London market stats
The International Underwriters Association has produced a measure of premium income generated by insurance and reinsurance companies written by London that could help them prepare for Solvency II.
Tokio Marine appoints senior underwriter
Tokio Marine Europe Insurance has recruited John Gibson as senior marine underwriter.
Aspen pulls out of solicitors' PI
Aspen Risk Management will not write any more solicitors’ professional indemnity for the "foreseeable future".
Insured losses for Hurricane Irene "manageable" $6bn
The insured loss estimate for Hurricane Irene is said to be between $3bn to $6bn making the impact on insurers “material” but “manageable”, according to Fitch Credit Ratings.
Warning over Solvency II pillar three requirements
Capita Consulting’s head of financial services Tony Tarquini has claimed insurers are failing to focus enough on meeting the ‘third pillar’ reporting requirements of Solvency II.
Lawyers target insurers through fraudulent claims
Solicitors practice Cost Advocates has warned of a growing trend of claimant lawyers submitting costs for personal injury claims.
Marsh buys Alexander Forbes broker business
Marsh of Marsh & McLennan companies has acquired the brokerage business of Alexander Forbes.
Debrett's launches HNW insurance cover
Publishers of books on etiquette and manners Debrett’s has launched a new insurance service providing comprehensive buildings and contents cover for “discerning” home owners.
Columbus Direct to offer ash cloud cover
Columbus Direct has launched a new ash cloud travel cover designed to protect customers in the event their travel plans are disrupted by a volcanic eruption.
Keelan Westall and CKW renegotiate claims deal
Property insurance brokers Cadogan Keelan Westall and Keelan Westall have renegotiated their delegated authority agreement with insurer Zurich to allow the in-house claims team to process and settle claims up to £5000 net of policy excess.
Career development & CSR: Thatcham recognised
Thatcham’s automotive academy has become one of the first training organisations, in its region and the automotive sector, to receive the ‘Training excellence’ stamp.
Lew report: Lay witness views dismissed as judge backs council in manhole trip case
This law report has been contributed by national law firm Berrymans Lace Mawer.
Career development & CSR: Cunningham Lindsey’s CILA success
Cunningham Lindsey’s mentoring scheme to help staff achieve Chartered Institute of Loss Adjusters status has notched up its first success.
Fraud rise feared in riot aftermath
Mihir Pandya, Allianz fraud manager, has warned spurious claims could rise in the aftermath of this month’s riots and a potential double-dip recession.
Career development & CSR: Aviva slashes power costs with PC monitoring solution
When composite insurer Aviva found that 60% of its PCs were being left on after work on weekdays and over the weekend it decided to act. And it claims a power management system run across the company’s 30 000 PCs will save the electricity equivalent in a…
Post history – 30 years ago: US insurers earthquake partnership
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Ecclesiastical achieves 96% combined operating ratio
Specialist insurer Ecclesiastical has reported a UK and Ireland combined operating ratio in underwriting of 96%.
Ecclesiastical hit with £419m catastrophe costs
Specialist insurer Ecclesiastical has managed to make a pre-tax profit of £15.6m despite a £7.6m loss in the first half of the year and catastrophe claims costs of £419m.
Admiral unveils plans to expand US business
Admiral has defended its £90.7m net ancillary income claiming referral fees played a minor part in profit and have branded personal injury lawyers’ as the “root cause” of the problem.
Cunningham Lindsey adjusters return from N Z to handle riots
A five-strong team of Cunningham Lindsey UK loss adjusters have returned from New Zealand following a two month “tour of duty”.
Zurich snaps up former Chubb HNW staff
Zurich has appointed Lennox Bunting as London market manager and Alan Gorman as senior development underwriter to the insurer’s private clients’ new London team.
Chesterfield appoints producer broker for North America division
Independent Lloyd’s broker Chesterfield has appointed James Sergeant as a producer broker for its North America division.