Commercial
Marsh hires Charnaud for chairman role
Marsh has appointed Edwin Charnaud as chairman of its global infrastructure practice.
MENA insurance market needs less fragmentation
The future of the Middle East and North Africa insurance market remains bright, but local insurance companies must transition from fragmented companies to become national champions, according to a survey.
Sony warehouse fire not caused by rioters, police say
Insurers' claims for the Sony warehouse building burnt down during the riots was rejected because it was not caused by people "riotously and tumultuously assembled", the police have said.
Five shortlisted for Claims Awards Rising Star gong
Post can today exclusively reveal the shortlist for the Claims Awards Rising Star category.
Ecclesiastical targets rapid growth in Ireland
Specialist faith insurer Ecclesiastical plans to treble the size of its Irish business over the next five years, according to a report in the Irish Times.
QBE appoints Bocca as UK trade credit manager
Business specialist QBE has appointed Ian Bocca to join QBE Trade Credit as manager, new business development UK, effective from 1 May.
Industrial assets underinsured by up to 60% in Asia
Telecommunications, energy and petrochemical companies are underinsuring their industrial assets by 30% to 60% in Asia, according to a new report by Marsh, and John Foord, an industrial asset valuation firm in Asia.
Police reject insurers' £80m riot claim
The Metropolitan Police Authority has turned down insurers' £80m claim for the Sony Warehouse building burnt down during last summer's riots, Post has learnt.
Plexus Law team appointed to Met panel along with five other firms
Plexus Law's national police team has been appointed to the Metropolitan Police's external legal panel to specialise on civil litigation advice alongside Weightmans and Clyde & Co.
Powerplace not a top five priority, admits Towergate CEO Hodges
Towergate chief Mark Hodges has declared that Powerplace is not even in the top five of his priorities at the insurance broker.
Davies and Charles Taylor still settling large riot cases
Charles Taylor Adjusting and Davies, appointed by the Metropolitan Police Authority to handle riot-related claims, have defended the time it is taking to settle the cases, stating the larger ones are complicated.
The British Insurance Awards: Is this your year to shine?
Are you consistently committed to meeting customer needs and delivering a high quality service across all your lines of business?
Energy: Overcapacity causing problems as market rates stagnate
It has been a tumultuous few years for the insurance industry, and not many sectors have been affected as much as energy.
Rating agencies: The rating game
Nations and businesses alike are growing critical of rating agencies, so is a downgrade as damaging as it used to be?
Personal injury firms feel pinch as pressure to consolidate intensifies
The sudden demise of Manchester-based personal injury law firm Donns, with ongoing cases sold on and all staff made redundant, has been hailed as a portent of market shake-up and consolidation, with other firms set to be swallowed up.
Axa starts with Blanc slate to help steer commercial business around
Brokers continue to experience a "lack of connectivity" with Axa Personal Lines, despite Commercial Lines getting a glowing report since Amanda Blanc joined to head up the business just over a year ago.
Omega international appeal soars following CNA £143m bid for Hardy
CNA acquiring Hardy could trigger a rush by international players to purchase Omega in a bid to access Lloyd's, analysts have predicted.
Market moves: Aviva shuffles its underwriting pack
Aviva was the major recruiter in the insurance industry this week, announcing a raft of changes to its underwriting team. The insurer promoted four staff to new positions while adding a further employee to the unit.
Claims Roundtable: How can insurers innovate to win the retention race?
In the toughest economic environment for years, companies have to prove they have a competitive edge when it comes to handling claims.
Environment: The importance of environmental impairment liability cover
With environmental legislation becoming ever more onerous and liabilities ever more costly, businesses are beginning to wake up to the importance of having environmental impairment liability cover.
Insurers gear up for Finance Bill detail in hope of simplified CFC process
This week's publication of the long-awaited Finance Bill could provide the catalyst for overseas investment, while also serving to safeguard the status quo of UK-headquartered insurance companies.
Non-standard risks: looking for an alternative
With a large number of insurers wary of taking on non-standard personal lines risks, specialists are carving their own niche.
Post magazine - 29 March 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Lumley Jacobs secures forensic coding deal with Tradewise
Non-risk and ancillary income specialist Lumley Jacobs has signed a deal with motor trade insurer Tradewise to supply forensic coding to the company’s motor trade and commercial vehicle business.