News
Marsh moves in with Mercer in 'iconic' Glasgow building
Marsh has reloctated its Glasgow operations to HFD Group's G1 office building on George Square.
Catlin Re Switzerland names Eugster as CUO
Markus Eugster has been promoted to chief underwriting officer for Catlin Re Switzerland.
Commercial properties to become squatter target, policyholders warned
Commercial property owners have been warned that more squatters could attempt to bed down in their unoccupied buildings now that it is a criminal offence to trespass on residential properties.
BP accused of "gross negligence" over Deepwater Horizon
BP has disputed accusations of "gross negligence and wilful misconduct" by the US Justice Department over the 2010 Deepwater Horizon disaster.
All change for insurance industry with Cabinet reshuffle
Jonathan Djanogly lost his position as justice minister in yesterday's reshuffle.
Regulator to review "rotten" incentive schemes
Financial Services Authority managing director Martin Wheatley has laid out plans to stamp out mis-selling created by sales incentives that result in customers being sold products they do not need or cannot use.
Keelan Westall boosts underwriting team with new starters
Wholesale property insurance broker Keelan Westall has set out to strengthen its technical expertise with a series of key appointments within its underwriting agency.
Malta hit by deluge after thunderstorms
Thunderstorms brought heavy rain and flash flooding to Malta, southern Europe between Sunday, September 2 and Monday, September 3.
Reinsurers to diversify more cautiously after 2011 cat losses
Reinsurers should tread with caution when looking to diversify their operations as increased exposure in natural-catastrophe prone regions could leave them open to large losses, Standard and Poor’s said today.
Houghton joins JM Glendinning
Nick Houghton, who stepped down as managing director of Broker Network last week, has joined Broker Network member JM Glendinning as MD.
Dubai Group sells Turkish non-life insurer
Dubai Group has sold its Turkish insurance arm to a company owned by former AIG chief executive Maurice 'Hank' Greenberg and a unit of Dubai lender Mashreq Bank.
Zurich personal lines MD resigns
Zurich personal lines managing director Karl Bedlow, pictured, has resigned from the firm with immediate effect.
Credit pressures yet to trigger flight to quality among reinsurance cedants
Insurers are yet to flock towards the highest rated reinsurers despite challenges facing the reinsurance industry, according to Standard & Poor's.
Elite targets £3m premium with solicitors' PI proposition
Legal expenses provider and general insurer Elite Insurance has extended its specialist portfolio of services for the legal sector by launching professional indemnity insurance for solicitors.
Reinsurer capital tops $480bn, says Aon Benfield
The broker estimates that total capital for the global reinsurance industry reached record levels at the end of June 2012.
Abbey Protection aiming for early 2013 ABS launch
The commercial legal expenses provider is hoping to get approval in the final quarter of this year, targeting small to mid-size SMEs.
Financial loss 'poorly understood', warns IUA
Insurers currently offering financial loss coverage as an extension to traditional liability policies are not aware that the term 'financial loss' is void of technical legal meaning, a report has found.
Ace poaches Zurich's surety head
Ace has recruited Zurich head of credit and surety Luc Reuter to drive the expansion of its surety division into continental Europe.
KPMG demands clarity on Solvency II start date
KPMG's insurance director has called for a definitive statement on the Solvency II implementation date following the European Parliament's decision to defer the vote on the proposed Omnibus II amendments.
Quindell to support substantial growth with further outsourcing deals
Quindell chief executive Rob Terry is targeting bottom line growth of up to 25% over each of the next five years, after his firm increased revenue from £1.8m last year to £45.6m in the first half of 2012.
SS&C launches customisable Solvency tool
SS&C Technologies has launched CAMRA I-Risk, a tool for insurers to address emerging Solvency standards by combining financial reporting capabilities with a position-based stochastic simulation model.
PICC could delay Shanghai listing
People's Insurance Company (Group) of China may seek as much as $3bn in an initial public offering in Hong Kong in October or November while postponing a Shanghai listing, Bloomberg news has reported.
Talanx primed for autumn IPO if market remains stable
German insurance group Talanx is planning an initial public offering this autumn after putting its long-held ambitions on the back burner earlier this year.
Webinar - 6 September, 3:00pm: Analysing emerging fraud trends
As legislation and industry initiatives make conventional types of fraudulent claims more detectable, insurance fraud is constantly taking new forms.