Commercial
Post magazine - 14 June 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Tokio Marine expands Scottish team
Tokio Marine Europe Insurance has appointed Trevor McAuley to its marine cargo underwriting team, based in Glasgow.
Airmic 2012: Risk management crucial to M&A activity
Acquisition hungry firms can gain an edge if they effectively manage the inherent risks associated with the process, a joint Marsh and Airmic report has revealed.
Airmic 2012: Buyers unaware of cyber cover market growth
Insurance buyers are in the dark over the growing market for cyber risk cover, research by Airmic has revealed.
Airmic 2012: Reservation of rights model clause to be published
Airmic is to publish a model insurance contract clause to prevent insurers reserving rights on claims without due cause.
Airmic 2012: Cover trumps price for global programme buyers
Some 97% of insurance buyers purchase a global programme based on certainty of cover and not price, XL research has revealed.
Airmic 2012: Quality of information 'essential' to BI claims
The business interruption information provided by policyholders to their insurers is "essential" in the current climate, Allianz Global Corporate & Specialty boss Volker Muench has claimed.
Airmic 2012: Risk managers urged to 'push' insurers on reservation of rights
Risk managers need to be more proactive with insurance partners over reservation of rights issues, law firm Herbert Smith has said.
Airmic 2012: Marsh returns to Liverpool after six years
Marsh has re-established an insurance broking division in Liverpool six years after exiting the city.
Airmic 2012: Reputation tops risk manager concerns
Almost half of Airmic members view reputational risk as their number one concern, research by the risk managers association has revealed.
Ex-Jubilee motor boss joins HDI-Gerling
Industrial insurance firm HDI-Gerling is expanding its UK offering to include motor fleet in the UK after appointing John Shepherd to head up the new line of business.
ECIC bids to help contractors in tough times
The Electrical Contractors' Insurance Company has opened an office in Scotland designed to build its partnerships with brokers and trade associations.
Broker Focus: Fraud - First line of defence
Insurers are often called to bear arms in the battle against fraud, but should brokers be doing more to defend the industry?
Market moves: Broking steps up the recruitment push
This week the recruitment space belonged to the broking community, which saw major moves across the sector. In the past seven days, Willis, Lorica, Giles and Lockton all named new senior staff.
Hyperion sets sights on US consolidators after £95m buy
Hyperion chief executive David Howden has vowed to make a swift return to the acquisition trail following its £95m takeover of Lloyd's broker Windsor last Friday - the group's largest deal to date - thus creating a "credible alternative" to the new wave…
Cooper Gay energy chairman retires
Tony Pickering, executive chairman of Cooper Gay's energy division, has retired.
Cobra deadline extended to 15 June
The deadline for the Cobra deal has been extended for the third time.
Moss exit and senior management shake-up keep Aviva rating under review
Aviva's financial strength rating of A (excellent) has been reviewed and maintained by AM Best Europe while remaining under review with negative implications.
Member governments renew catastrophe insurance policy with Caribbean risk pool
All 16 member governments of the Caribbean Catastrophe Risk Insurance Facility will renew their hurricane and earthquake insurance for 2012 to 2013.
RK Harrison buys up Marsh businesses
RK Harrison has acquired four businesses from Marsh UK-owned Gibbs Hartley Cooper.
Revenue rises 50% for newly listed Allanfield
Real estate broker Allanfield has reported a 50.7% rise in revenue to £2.28m (2010: £1.51m) in its first set of results since listing on the Alternative Investment Market in August.
Allianz issues top tips on keeping property safe during Jubilee weekend
Allianz Retail is advising brokers and customers on how to make sure their possessions and properties are secure during the Jubilee festivities.
Carmichaels rebranded as Argent
Specialist property adjuster Carmichaels has been rebranded as Argent Property Adjusters as part of parent company Parabis Group's integration of its loss adjusting businesses.
Coversure opens Devon office
Coversure Insurance Services has opened an office in Ilfracombe.