Daniel Dunkley
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New risks and regulation “reshaping” reinsurance industry, says Towers Watson
Professional services firm Towers Watson, has asserted that the growing complexity of reinsurance structures in recent years has ramped up demands on buyers and “radically transformed” the industry.
RMS: 120 homes damaged in California explosion
Risk Management Solutions has provided an update on the explosion that occurred in San Bruno, in San Mateo County, central California, US.
EQECAT: insurers hit by £1.65bn insured losses in New Zealand
Catastrophe management software firm EQECAT has provided an updated loss estimation for the magnitude 7.1 earthquake that occurred near Christchurch, New Zealand.
“Uncontrolled growth” threatening Baltic Sea, RSA warns
RSA has warned of the dangers of exploitation and poor management, as competition for space and resources in the Baltic Sea increases.
“Uncontrolled growth” threatening Baltic Sea, RSA warns
RSA has warned of the dangers of exploitation and poor management, as competition for space and resources in the Baltic Sea increases.
Cunningham Lindsey New Zealand CEO: clear up could take “years”
Speaking to Post from Christchurch, New Zealand, Martyn Norrie, chief executive of loss adjuster Cunningham Lindsey’s New Zealand operation, said the operation to restore the city to normality could take “years”, considering government planning and…
Commercial Express goes live with claims handling
Commercial Express’s partnership with Cunningham Lindsey is now live, the company has confirmed.
RMS: 30% of New Zealand losses commercial
Based on its analysis of the area exposed to the New Zealand earthquake, Risk Management Solutions has predicted that approximately 60-70% of the insured loss will be residential, and 30-40 percent will be commercial and industrial.
Fitch: reinsurance rates set to rise for Australian firms
Fitch Ratings has commented today on the Australian non-life majors' adequacy of catastrophe reinsurance protection, following the Christchurch earthquake.
Indian regulator refuses to renew Willis licence
The Insurance Regulatory and Development Authority in India has decided not to renew the composite broking licence of Willis India, an affiliate company of the international broker, according to Indian news sources.
Legal Assistance Direct launches out of Capita acquisition
Legal Assistance Direct has confirmed its entrance to the insurance market following the acquisition of Capita Assistance legal helpline business.
VFM announces £40m saved in fraud detection
VFM Services has revealed it has topped £40m in savings for its clients since 2004 - almost entirely related to sub £5k claims.
LV COR down to 101.9% as insurer reveals improved H1 results
LV has recorded an improved performance for H1 2010, with sales and trading profits up on the same period of 2009.
Margaret Cole to join FSA Board
Mark Hoban MP, financial secretary to the Treasury, has confirmed the appointment of Margaret Cole to the Financial Services Authority Board, with effect from 7 September 2010.
Capita Consulting launches financial services practice
Capita Consulting has launched its new financial services consulting practice, appointing Tony Tarquini, formerly head of financial services at Celerant Consulting, to head up the new operation.
Blackham raids Bluefin for operations boss
Insurance consultancy and investment house Endorphin has appointed Robert Brown as a partner of Endorphin Consulting LLP.
IUA: businesses “dangerously exposed” to new environmental laws
Businesses relying on traditional public liability policies to insure against environmental risks may be “dangerously exposed” to new laws designed to make polluters pay for damage, according to the International Underwriting Association.
IUA: businesses “dangerously exposed” to new environmental laws
Businesses relying on traditional public liability policies to insure against environmental risks may be “dangerously exposed” to new laws designed to make polluters pay for damage, according to the International Underwriting Association.
Open GI appoints customer services head
Software firm Open GI has appointed Michele Munn to the role of head of customer service.
Deloitte warns insurers ahead of IPT changes
Accountancy firm Deloitte has warned insurers to prepare for the incoming IPT changes, due to be implemented in four months time.
Healix International lands Virgin Atlantic deal
Medical services provider Healix International has secured a new two year contract to provide medical claims management to Virgin Atlantic flight crew.
Catlin Europe names new liability underwriter
Catlin Europe has confirmed that Detlef Offenhau has joined the company as senior liability underwriter for Europe.
Catlin Europe names new liability underwriter
Catlin Europe has confirmed that Detlef Offenhau has joined the company as senior liability underwriter for Europe.