Leigh Jackson
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MDS acquires 50% stake in Coral
Iberian and Latin American broker MDS Holdings has acquired a 50% stake in intermediary Coral.
RSA names Contour North lead trader
Insurer RSA has appointed former North-west UK General business development manager Andrea Rutherford as lead trader for Contour North.
L&G posts £8m insurance loss
Legal and General attributed an £8m general insurance loss for 2010 to “extreme weather conditions” at the end of last year.
Jeffries: Munich Re Japan losses “modest”
Jeffries International has predicted “relatively modest” Munich Re losses from the Japan earthquake of €1bn (£869m).
Willis consolidates international units
Insurance broker Willis has merged its Asia Pacific and Middle East and Africa units naming Roger Wilkinson as the chairman and chief executive of the new entity.
Direct Line loses court battle against ‘lying claimant’
Direct Line has failed in a High Court bid to prove that a Dorset man exaggerated his injuries in order to claim £3.4m in compensation.
Eqecat estimates up to $25bn of quake losses
Risk modelling firm Eqecat has predicted insured losses from the Japanese earthquake of between $12bn and $25bn (£15.5bn).
Hiscox backs draft Defamation Bill
Insurer Hiscox has welcomed the draft Defamation Bill claiming that it strikes “a better balance between protecting freedom of speech and reputations”.
Ace estimates Japan losses of up to $250m
Insurer Ace has predicted net post tax losses from the Japanese earthquake of between $200m (£124.3m) and $250m.
Liability findings more "likely" after asbestos ruling
Law firm Beachcroft has claimed that findings of liability in mesothelioma cases are more “likely” following the Supreme Court judgement in Willmore v Knowsley MBC and Sienkiewicz v Greif last week.
Commercial policy wording must be “watertight”
The wording of commercial insurance policies must be “fully watertight” to ensure claims are met, law firm O’Connors has said.
ASL expands professional liabilities team
Specialist loss adjuster ASL has recruited three solicitors to its professional liabilities practice.
Japan economic losses “likely to exceed $100bn”
Losses from the earthquake which shook Japan last week could break the $100bn (£62.2bn) barrier, catastrophe modeling firm EQECAT has predicted.
Mapfre Abraxas agrees Volkswagen deal
Mapfre Assistance subsidiary Mapfre Abraxas has been selected by Volkswagen Financial Services as its provider of guaranteed asset protection insurance products.
Mapfre Abraxas agrees Volkswagen deal
Mapfre Assistance subsidiary Mapfre Abraxas has been selected by Volkswagen Financial Services as its provider of guaranteed asset protection insurance products.
Swiss Re reiterates commitment to Japanese market
Reinsurer Swiss Re has reiterated its commitment to the Japanese insurance market following the earthquake which hit the country last week.
Groupama calls for referral fees to be scrapped
Groupama Insurances has called for referral fees to be abolished and for the implementation of Lord Justice Jackson’s review of civil litigation costs.
QBE estimates quake exposure at $125m
Insurer QBE has estimated its exposure to the Japanese earthquake to be around $125m (£77.6m).
Japan earthquake insured losses could top $35bn
The insured property losses caused by the devastating earthquake which struck Japan could reach $35bn (£21.7bn), catastrophe modelling firm Air Worldwide has warned.
Commercial cover “not fit for purpose”
Research firm Mactavish has warned that commercial insurance is currently “not fit for purpose” and could lead to a rise in claims disputes.
Apil calls on insurers to take action on fraud
The Association of Personal Injury Lawyers has urged the insurance industry to drive forward the recommendations outlined in the Transport Select Committee report.
ABI launches SII modelling guidelines
The Association of British Insurers has published guidelines to help insurers understand the Solvency II internal model approval process.
ABI launches SII modelling guidelines
The Association of British Insurers has published guidelines to help insurers understand the Solvency II internal model approval process.