News
MPs briefed on benefits of upgrading 'broken' fire alarm system
Pressure is growing on politicians on the issue of introducing a low cost upgrade to automated fire alarms in a bid to improve reliability from 5% to 80%.
Hanks bolsters NED portfolio with Open GI and Powerplace role
Former Allianz Commercial general manager Chris Hanks has added to his non-executive portfolio after agreeing to join the board as a NED of Open GI and Powerplace.
Quindell blocked from premium listing move
Quindell will not be allowed to move to the London Stock Exchange’s main market, it has emerged, as a result of its rapid expansion.
DAS pre-tax profits up 9% for 2013
Legal expenses insurer DAS has reported a 9% boost in pre-tax profits for 2013, with figures reaching a total of £12.1m.
UK ranks 20th in global survey on supply chain resilience
The UK has been ranked 20th in FM Global's 2014 survey grading countries on their resilience to supply chain disruption.
Henderson sets up marine division
Henderson Insurance Brokers has established a marine division to take advantage of growing opportunities in the UK maritime and ports sector.
IFB targets brokers as it plans to extend into tackling property and liability fraud
The CILA quick to register interest in joining expanded fraud bureau
RMS opens Singapore office
Risk modeling firm RMS has opened their fourth office in Asia with a Singapore branch.
AIG appoints Hancock as CEO
AIG has announced its head of property and casualty Peter Hancock will replace outgoing CEO Robert Benmosche.
UK businesses missing growth opportunities through data breach fears
Organisations are more concerned with defending their information against data breaches or legal action than they are with using it to drive competitive advantage and growth, according to a new report by information management company Iron Mountain and…
Riot Act compensation cap threatens ‘ghettoisation’ of UK towns and cities
£2m turnover limit ‘not reflective’ of small businesses in 2014
‘User pays’ fees mooted for Claims Portal must be treated with caution
System is expected to be introduced in the fourth quarter of 2015
Call for fraud reform clarity over ‘fundamental dishonesty’ definition
MoJ plans include a ban on incentives to claimants and pre-medical offers
Disaster Risk and Response Forum News - 12 June 2014
All the news from Post’s 2014 Disaster Risk and Response Forum
Lloyd’s upgraded to ‘AA-‘ by Fitch
Lloyd’s has been handed an improved insurer financial strength rating by Fitch, moving from “A+” to “AA-“.
ERS recruit from Rural for business development pair
ERS has picked up a pair of business development executives from Rural Insurance, with responsibility for Scotland and the North East.
Marsh boss Weil calls for U-turn on 'perverse' risk pooling for schools
Global broker Marsh is urging the government to rethink the introduction of a risk pooling arrangement for academies and free schools amid claims the scheme will result in a substantial loss for the taxpayer.
CHO urges CMA to adopt existing framework for credit hire claims
The Credit Hire Organisation is urging the Competition and Markets Authority to use the existing credit hire claims settlement framework when it issues its final report on competition in the private motor insurance market.
Willis launches Shariah compliant real estate product
Willis has launched the UK's first Shariah compliant commercial real estate insurance solution.
David Holman memorial service open to market colleagues
Market colleagues have been invited to attend a memorial service in honour of the former boss of Lloyd’s broker John Holman & Sons, David McArthur Holman, who has passed away at the age of 85.
Ex-RSA and Axa claims boss Thomson joins SSP
SSP has appointed RSA’s former head of claims strategy and implementation Neil Thomson as its global head of insurer propositions.
Language barrier problematic for insurers in claims process
The London riots of 2011 have been highlighted as an example of how a potential breakdown in communication can hinder the claims process following a catastrophic incident.
Easter New Zealand storms cost insurers $39m
According to the Insurance Council of New Zealand April's Easter storm caused insured losses of nearly NZ$46m ($39m).
HKFI concerned over IIA's tribunal appeals' costs
The Hong Kong Federation of Insurers is concerned over the attribution of costs concerning appeals from the Independent Insurance Authority.