Broker
Poor change management can cost insurers millions
Insurance players are wasting millions of pounds each year through a lack of capability and investment in change management, according to BGL’s affinity arm Junction.
Plumeri puts Sandy industry losses at $50bn
Outgoing Willis chairman and chief executive Joe Plumeri believes that insured losses arising from superstorm Sandy could be up to 10 times higher than the early industry estimates of $5bn (£3.15bn).
Towergate branch director joins Giles
Giles has recruited David Cook, pictured, to be Durham branch director.
Sandy is a muted point for pricing, Willis finds
Superstorm Sandy is unlikely to have an impact on pricing, according to estimates by Willis Capital Markets & Advisory.
Markel places collectables cover on broker e-trading system
Specialist insurer Markel UK has launched the first personal lines product on its broker e-trading system.
Giles names new corporate risks development director
Giles has appointed Simon McGonigle as development director of corporate risks.
Interview: Bill Cooper - Banking bites back
The head of global insurance at Lloyds Banking Group believes that insurance M&As are not dead and that institutions are willing and able to provide finance.
Aspinall appointed class underwriter at Liberty Syndicates
Liberty Syndicates has named experienced Lloyd's syndicates underwriter Mark Aspinall as class underwriter for specie and fine art.
Quindell pockets £20m thanks to 'major institutional investor'
Quindell Portfolio has secured £20m of funding through the issuing of 153 846 153 placing shares with a major new institutional investor.
AM Best offers positive outlook on Markel International
Rating services firm AM Best Europe has affirmed the financial strength rating of 'A' and issuer credit ratings of "A+" of Markel International and Lloyd's Syndicate 3000.
Willis takes D&O cover down under
Willis has rolled out its Darcstar directors all risks cover across the Asia-Pacific region to Hong Kong, Singapore and Australia.
Willis launches D&O product in Asia-Pacific region
Willis has introduced its Darcstar directors all risks cover to Hong Kong, Singapore and Australia.
Davies expects Markel full-year results to weather the storm
Markel International finance director Andy Davies is confident that the impact of superstorm Sandy on his firm's full-year results will not halt the momentum achieved in the opening nine months of the year.
Miller appointment strengthens marine team
Miller has enhanced its marine capabilities with the appointment of stock throughput, cargo and project cargo insurance broking specialist Tony Robinson.
RSA on alert after man appears in court a year on from M5 crash
RSA will "continue to monitor matters closely" after the provider of a fireworks display at Taunton Rugby Club was charged with seven counts of manslaughter following a pile-up on the M5 last November.
Superstorm Sandy: direct wind not to blame for buildings damage
Damage from storm surge and flooding caused by superstorm Sandy is widespread and extensive, but there is only minor damage to buildings from direct wind, according to a report released today by Willis Re.
Groupama launches group PA and travel quote facility
Groupama Insurances has added an online quotation facility for group personal accident, illness and business travel cover to broker extranet Optima Online.
Kwik-Fit Insurance launches insurance product for learner drivers
Kwik-Fit Insurance has launched a motor insurance product aimed at drivers on a provisional licence.
Covea unveils new look executive team
Covea Insurance has confirmed the line-up of the executive team charged with leading the business following its creation via the merger of MMA and Provident.
UIB appoints ERC divisional director
United Insurance Brokers has named Lachlan Munn as divisional director of Engineering Risk Consultants.
Liberty Mutual names Marsh broker as Scotland lead
Commercial lines underwriter Liberty Mutual Insurance has recruited Caroline Inglis to head up a new Scottish operation.
Allianz CEO Torrance blasts 99.1% COR as 'unacceptably poor'
Allianz UK's commercial lines combined operating ratio deteriorated to 99.1% for the first nine months of 2012 from 95.1% in Q3 2011 as the retail non-motor COR worsened to 101.7%.
UIB recruits ex-BP manager as engineering lead
Reinsurance broker UIB has named former BP engineer Lachlan Munn as divisional director of its Engineering Risk Consultants business.
Lucas Fettes appoints management duo to Manchester team
Growth-hungry broker Lucas Fettes has backed up its acquisition of Cougar Underwriting with two senior additions to its Manchester team.