Commercial
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.
BI presents "wildcard" among Japanese quake losses
Major insurance and reinsurance losses both in Japan and globally following last Friday's huge earthquake in Japan will cause negative credit implications for the two sectors, according to Moodys.
Commercial insurance "crisis looming"
The Association of Insurance and Risk Managers has welcomed today’s Mactavish / PwC report, which it claims has “lifted the lid” on a “potential crisis” looming in the UK commercial insurance market.
CFC launches medical device cover
CFC Underwriting has launched a product designed to provide comprehensive cover for medical device companies.
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.
$10bn insured loss estimated from Japan quake
The Japanese earthquake could cost the insurance industry $10bn (£6.25bn) but it is not likely to cause rates to harden across the market.
Kane acquires HSBC business for $27.5m
Risk and insurance management services Kane has signed an agreement to acquire the insurance management operations of HSBC.
Lloyd's opens Rotterdam office
Lloyd’s has opened a Benelux office in Rotterdam.
Lloyd's opens Rotterdam office
Lloyd’s has opened a Benelux office in Rotterdam.
Aon unveils new professions team
Aon Risk Solutions has appointed the new leaders of its professions practice in London, and made some new hires.
Professional indemnity - legal services shake up: a plethora of problems for solcitors?
With the legal services industry set for a structural shake-up, Mike Willis and Lindsay Bowskill consider the impact on its insurers.
Post history - 30 years ago: Law Society examines insurance
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Claims leakage approach sees a seven-to-one ROI
Martin Ashfield, head of commercial property claims at Axa Insurance, attributed the end of its historical "master-servant" relationship with suppliers to its investment in a consistent rules-based approach to claims leakage. Citing a seven-to-one return…
Interview – Peter Halpin: keeping Swinton on the acquisition track
Swinton CEO Peter Halpin had a lot to live up to - following, as he did, in Patrick Smith’s footsteps. He talks to Leigh Jackson about taking the company forward and continuing its impressive acquisition record.
Climate change – are insurers getting behind their own green policies?
With the general public becoming ‘bored’ by environmental issues, Veronica Cowan asks if insurers are really getting behind their own green policies.
CCV looks to top 12 annual acquisitions
Callum Capital Ventures is aiming to exceed its current rate of one acquisition a month, after completing the purchase of South Wales-based Hanbury insurance.
Allianz calls on brokers to better BI basics
Allianz insurance has urged brokers to go “back to basics” to ensure more commercial customers are provided with adequate business interruption cover.
LMIE aims for slice of mid-corp market
Liberty Mutual insurance Europe is targeting rivals Ace and Chubb for a larger slice of the mid-corporate market - a sector it believes will act as a “springboard” into the wider UK market.
Editor’s comment: two new faces to watch
With Google this week snapping up beat that Quote for a little under £40m, and web design firm Vast Visibility simultaneously buying two specialist bike and van price comparison sites, aggregators are very much the insurance ‘buy du jour’.
Aviva takes minority stake in HCML – Insurance News Now – 9 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including Aviva Health’s “significant” investment to secure a minority shareholding in rehabilitation firm HCML.
Post Magazine – 10 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Willis appoints new commercial and networks boss
Willis UK & Ireland, has appointed Brendan McCafferty as managing director of its commercial and network businesses.
Duo joins Hiscox media team
Hiscox's UK technology and media team has appointed Jiveen Lal as senior technology & media underwriter – north, and Matthew Webb as senior technology & media underwriter - south.
CNA combines French and Italian operations
CNA Europe has formed a combined France & Italy operational region headed by Danilo Saitta.