News
Assurant Solutions launches roaming cover
Assurant Solutions, a global provider of specialised insurance and insurance-related products, has created a new type of insurance cover for individuals that acts as a virtual 'best friend' – taking care of an individual in a crisis.
Chaucer snags international casualty treaty underwriter from Canopius
Chaucer, the Lloyd's (re)insurer, said that its syndicate 1084 has appointed Paul Blight as class underwriter for international casualty treaty within the specialist lines division.
Climate Wise releases first year report
Climate Wise, the coalition of insurers pushing environmental issues, has led to the industry increasing its influence in the climate change debate, and raised awareness among customers of the issue, said the committee.
Hiscox veteran leaves the board
Hiscox has made several changes to its board.
Cooper Gay grows treaty reinsurance team
Cooper Gay has appointed Matthew Whyte to its reinsurance division.
NU offers new internet tool for brokers
Norwich Union has said it will help brokers to offer a more flexible and efficient service to property owners with the launch of a new online tool.
BLM claims victory in EL trigger case
Law firm Berrymans Lace Mawer has said today's judgment in the employers' liability policy litigation trigger case represents a victory for the causation interpretation of EL policies.
Actuarial firm responds to High Court case
Steve Mathews the director of EMB, an actuarial and business consultant firm, has commented on today's High Court case on mesothelioma, Durham v BAI and Others.
Zurich welcomes verdict in landmark asbestos case
Zurich has welcomed the decision of judge Mr Justice Burton in the employers' liability policy trigger litigation case that found insurers of employers that expose their employees to asbestos dust are liable to pay compensation for subsequent asbestos…
Alliance warns retailers of rise in fraud
Alliance Corporate Risk Management has warned as the UK economic situation deteriorates, previous efforts to lower retail crime could be wiped out.
ABI calls on government for flood action
The Association of British Insurers is calling on Chancellor Alistair Darling to use Monday's pre-budget report to bring forward its spending plans on vital flood defences, the organisation said today.
Mesothelioma trigger litigation judgment handed down
The long awaited judgment in the mesothelioma trigger litigation has been handed down by Mr Justice Burton.
Willis wholesale brokerage shifts structure
Faber and Dumas, the newly formed third-party wholesale brokerage division of Willis Group, has added to its business in a move that will make it one of the largest London wholesale brokers, the company said today.
LV in new broker offer
LV will offer dual agency agreements to 700 of its brokers currently working with either ABC or Highway, the company said today.
AIR counts cost of California wildfires
Risk modeling firm AIR Worldwide has estimated total insured losses from the Freeway Complex, Sayre and Tea Fires in Southern California will range between $600m (£368m) and $800m.
Zurich acquires 100% shares in Russian company
Zurich has completed the acquisition of a remaining 34% minority stake in OOO NASTA Insurance Company, which was renamed Zurich Retail Insurance at the end of 2007.
PPI complaints rocketed in one year
Complaints to the Financial Ombudsman Service (FOS) about payment protection insurance (PPI) increased by nearly 600% in one year.
Royal Liver to make changes to IP offerings
Royal Liver is to overhaul its income protection (IP) offerings in January.
FSA outlines TCF characteristics
The Financial Services Authority (FSA) has outlined what firms treating customers fairly should look like.
CEA expresses concern over Solvency II changes
The CEA, the European insurance and reinsurance federation, has expressed its disappointment about decisions in the EU today that look set to change to outlook on Solvency II.
Chubb updates UHNW product
Chubb Insurance has launched a newly enhanced policy for ultra high net worth clients (UHNW). Masterpiece Signature offers cover for homes, cars and possessions. The new covers are effective 1 January 2009.
Benfield Corporate Risk in marine ransom insurance offering
Benfield Corporate Risk, the corporate insurance and risk intermediary, has announced the availability of a dedicated and exclusive Marine Ransom Extortion policy following the recent capture of a Saudi Arabian oil tanker by Somali pirates.
California wildfires cost over $787m in estimated home losses
Over $787m worth of homes have been lost as a result of the Southern California wildfires, First American has said.
Allied World to draw down $250m of current credit facility
Allied World, the Bermuda-based reinsurer filed a current report on Form 8-K on November 19, 2008announcing that it had sent a notice of borrowing to draw $250m in principal amount under its existing $400m unsecured senior revolving credit facility to…