Broker
MMC reports Risk and Insurance Services operating income up 12% in Q3 to $142m
Marsh & McLennan Companies' risk and insurance services segment revenue in the third quarter of 2010 was $1.3 bn, an increase of 8 percent from the third quarter of 2009.
Lord Chancellor agrees to review discount rate for PI claims
An agreement by the Lord Chancellor to review the discount rate has been welcomed by the Association of Personal Injury Lawyers.
Aon voices concerns over business interruption coverage
Delegates at the recent Aon Risk Symposium held in Madrid heard that Aon Corporation has seen increased demand and enquiries for business interruption insurance, yet a decreasing appetite of insurers to pay claims for the cover.
Aon voices concerns over business interruption coverage
Delegates at the recent Aon Risk Symposium held in Madrid heard that Aon Corporation has seen increased demand and enquiries for business interruption insurance, yet a decreasing appetite of insurers to pay claims for the cover.
Marsh signs exclusive agreement to boost offering in Iraq
Marsh has announced that it had signed a mutually exclusive agreement with Anglo Arab Insurance Brokers, the only international broker to be licensed and registered to operate in Iraq with offices across the country.
Bluefin puts Elite into run-off
Bluefin is putting its Elite underwriting facility for SME business into run-off.
NTR approaches £1.5m GWP in pilot
The Network Trading Room, a trading environment housed within the Broker Network exclusively for members, has today confirmed that it has written almost £1.5m GWP since trading began in August 2010 during a pilot for the service.
JLT CEO Burke "optimistic" as it enters final quarter of 2010
Jardine Lloyd Thompson has reported its "trading performance is in line with our expectations, notwithstanding continued challenging conditions" in its interim management statement for the period from 1 July to 8 November.
Ecclesiastical outlines plans for London restructure
Ecclesiastical has revealed plans for the reorganisation of its City office.
Aviva launches motor claims Iphone app
Aviva has signalled its intent to embrace the mobile phone market through the launch of its first Iphone application for motor claims.
One Answer Network appoints director
One Answer Network has appointed Neil Jenkinson to the role of client relationship director.
FSA director Strachan to head up Deloitte regulatory arm
Deloitte has appointed David Strachan, currently director of financial stability at the Financial Services Authority, is to join the firm as co-head of the Deloitte Centre for regulatory strategy in April 2011.
Ace: businesses need to focus on US trade risks
Ace’s corporate liability team has urged UK businesses to carefully consider the risks and opportunities of trading in the US.
Former Cooper Gay CEO joins Guy Carpenter as new global head
Guy Carpenter today confirmed that James Summers has been appointed global head of the company's marine & energy specialty, effective from May 2011.
Birmingham remains top spot for fraud
The Insurance Fraud Bureau has released its fraud statistics for Q3, pinpointing Birmingham, Liverpool, and Manchester as the top three cities for fraudulent activity.
Insurance Insight November: Exclusive online content now live
Insurance Insight November is now live with a review of the Polish general insurance market, and a close look at changes to supervisory authorities due to be enforced next year in the EU, as well as our regular View From the Top slot this month on…
Post Europe November: Exclusive online content now live
Post Europe November is now live with a review of the Polish general insurance market, and a close look at changes to supervisory authorities due to be enforced next year in the EU, as well as our regular View From the Top slot this month on…
Post Europe: Ceiops is dead, long live Eiopa!
Existing committees of EU supervisors for the European insurance sector are being transformed from 1 January 2011 into supervisory authorities with firm powers. Vic Wyman assesses what the impact of this regulatory change will be.
Ceiops is dead, long live Eiopa!
Existing committees of EU supervisors for the European insurance sector are being transformed from 1 January 2011 into supervisory authorities with firm powers. Vic Wyman assesses what the impact of this regulatory change will be.
MGA goes live using Sequel software
New trade credit insurance specialist Equinox Global has gone live on using insurance software provided by Sequel.
RBS Insurance ramps up claims reserves by a further £100m in Q3
RBS Insurance today said it had set aside a further £100m for bodily injury claims reserves, largely relating to periodic payment orders. This follows the £320m established in respect of bodily injury in quarter two by the owner of Direct Line and…
Advantage to stop underwriting external broker business from 2012
Hastings Insurance Services has confirmed that its major insurance partner Gibraltar-based Advantage is to cease underwriting underwriting business through brokers outside the group.
Heath Lambert wins wind farm contract
Heath Lambert has won a contract to supply all risk services to Scottish wind farm developer, Carbon Free.
CIFAS: fraud remains “rife” in the UK
Data provided by the 265 member organisations of CIFAS – the UK’s Fraud Prevention Service - has revealed fraud remains rife in the UK.