News
Clyde and Co appoints two insurance specialists
The corporate insurance group of law firm Clyde and Co’s has appointed two new partners, Geraldine Quirk and Mark Williamson.
Post Magazine weekly video review
Post Magazine editor Jonathan Swift looks at the week's major general insurance news including Peter Hubbard and Mark Cliff's departures from insurer Axa UK and the impact both could have on the insurer and its relations with the broking market; a…
Fitch: OCIL's $50m Avalon Re NY steam loss triggers downgrade
Bermuda-based oil industry mutual Oil Casualty Insurance Ltd (OCIL) is to cede $50m of losses to its Avalon Re securitisation vehicle, triggerig a downgrade of its lower grade notes.
Aon bolsters SME/affinity team with former RSA director
Aon has appointed Gerry Callaghan as sales and marketing director in its specialist private clients, affinity and SME business.
Investors should expect a "mixed bag" of results from Q1 earnings - analysts
Investors should expected a mixed bag of results from first quarter results thanks to sub-prime writedowns as well as one-off loss events, say US analysts at Keefe, Bruyette & Woods.
Firms complacent over fire safety, according to research
Businesses could be unaware of their responsibilities when it comes to the provision of fire fighting equipment and staff safety training, says Norwich Union Risk Services.
Novae appoints bloodstock specialist
Novae has broadened its portfolio with the recruitment of bloodstock and livestock market underwriter Bill Bevan.
Novae enters bloodstock and livestock market; hires Bevan as leader
Novae has entered the niche bloodstock and livestock market with the hiring of underwriter Bill Bevan from Brit Insurance, the company said in a statement.
Omega terminates takeover talks; says business is strong
Omega, the Lloyd's (re)insurer, said that it has terminated takeover talks with all parties.
Watson Wyatt launches replicating tool
Watson Wyatt has launched a replicating portfolio tool to help insurance companies meet pressures from investors, rating agencies and regulators to use more sophisticated and embedded risk models.
Sigma boosts liability teams
Sigma Claims Solutions has appointed Steve Bagshaw as liability adjuster and Nichola Stoker-Jones as a desk based adjuster.
P&C insurers' FY results fall short of those last year
A strong fourth quarter capped another solid year for the U.S. property/casualty industry, but year-end 2007 results fell short of the record profits recorded in 2006, according to US ratings agency AM Best.
Clampdown on uninsured driving paying off
Motor insurance industry efforts in clamping down on uninsured driving are starting to pay off, according to recent figures.
Rehab initiative from Kynixa
Rehabilitation services provider Kynixa has established specialist clinical teams to case manage specific types of injury.
European Health Insurance Card fuels travel underinsurance
British travellers are highly confused about the new European Health Insurance Card and as a consequence millions of people are putting themselves and others at risk by not properly insuring themselves when they are abroad, in the mistaken belief that…
Poor condition of pool cars putting lives at risk, say RAC
Nearly a fifth of pool car fleets may not be roadworthy putting employees lives at risk and leaving businesses exposed to extra costs and legal action, according to RAC.
Brazilian reinsurance market opening expected to be delayed - sources
Brazilian authorities are expected to announce the delay of the opening of its reinsurance market, sources have told Reinsurance .
Insurers condemned for not covering T5 victims
The decision by some insurance companies to refuse to cover passengers for cancellations or lost luggage at Heathrow’s Terminal 5 has been labelled as “scandalous” by Insure and Go.
Amlin appoints lead cargo underwriter
Amlin has appointed Tom Brand as it lead cargo underwriter to head the cargo team for its Syndicate 2001.
Groupama goes online with point of sale documents
Groupama’s supporting brokers can now get their commercial insurance documents online including certificates of motor insurance following the launch of online point of sale documentation via the company’s broker extranet, Optima Online.
Axa plans for Cliff exit
Axa has revealed its plans following the confirmation that Mark Cliff, formerly markets managing director at Axa, has resigned and will be joining Fortis later this year.
Chubb to open reinsurance operation in Brazil
Federal Insurance Company, a subsidiary of US insurance giant Chubb, has applied for a license to operate as an admitted reinsurer in Brazil.
Fortis appoints Axa's Cliff as MD
Fortis UK has announced Mark Cliff has been appointed in the new role as managing director of Fortis Insurance, directly reporting to Barry Smith, chief executive officer for Fortis UK.
Gloomy outlook for June, July renewals - Aon
Pricing is projected to be favorable for traditional property catastrophe reinsurance programs when insurers seek mid-year renewals, according to an analysis conducted by Aon Re Global.