News
Cyclists urged to support Allianz-backed bike ride
The Prince’s Trust has announced that its Palace to Palace cycle ride will be coming to the West Midlands for the first time.
Bluefin centralisation to cost 23 jobs
Bluefin is proposing to close the finance functions of its Gravesend and West Wickham offices with the loss of 23 jobs.
CNA names London property underwriting manager
CNA Insurance has promoted Steve O’Riordan, pictured, to be underwriting manager for London property.
Cruise ship disaster: Hannover Re hit with multimillion pound loss
International reinsurer Hannover Re has suffered a marine hull loss of €30m from the Costa Concordia disaster.
Hannover Re expects double-digit million euro loss from Concordia
Hannover Re’s total loss from the stricken Costa Concordia could be in the mid-double-digit million euro range, according to the firm.
Product recalls jump 27%
UK product recalls have jumped by 27% from 229 in 2010 to a record 291 in 2011, the second year in a row to see record breaking increases, says City law firm Reynolds Porter Chamberlain.
Tatton returns to market with insurance debt vehicle
The former chief executive of Irish health insurer VHI and founder of Vivas, Oliver Tattan, has launched a debt financing firm for European insurers.
Liberty promotes claims chief McCammon to COO
Liberty Mutual Insurance Europe has promoted its head of claims John McCammon to chief operating officer.
McCammon is Liberty Mutual's new COO
Liberty Mutual Insurance Europe has appointed John McCammon, pictured, as its new chief operating officer.
XL insurance takes Harris from Chartis
The insurance segment of XL Group has appointed the Chartis UK commercial lines boss Jason Harris as chief executive of its International P&C business.
Axa to use BAE systems fraud detector
Global insurer Axa has signed up to use BAE Systems claims fraud prevention service which it says will increase its efficiency and prevent honest customers from paying for fraudulent claims.
QBE pledges to grow following Glasgow move
Business insurer QBE has signalled Scottish expansion plans by moving its Glasgow office to larger premises and to move closer to the central business district.
XL appoints Harris from Chartis as International P&C CEO
The insurance segment of XL Group has appointed Jason Harris as chief executive of its International property and casualty insurance business.
Markel enters German market through joint Anglo venture
Markel International has signed a joint venture agreement with Anglo Underwriting and moved into Germany.
Markel enters Germany with Anglo buy
Markel International has taken a 50% stake in Munich-based Anglo Underwriting with an option to acquire the remaining 50% by 2017.
Coversure opens in Swansea
Coversure has opened its third Welsh franchise, this time in Swansea, with former broker and Admiral worker Jason Lawrence (left in picture) heading up the operation.
NHS contractors must have insurance
Baroness Finlay of Llandaff, professor of palliative care at Cardiff University, has warned the government must force private health contractors to have insurance against negligence claims.
Governments should act like companies, says Geneva Association
Governments of risk-prone countries must make progress in understanding the risks their countries are exposed to and learn to manage them properly, according to the Geneva Association.
Fairfax takes 25% Thai Re stake
Financial services company Fairfax is to acquire approximately 25% of the issued and outstanding shares of Thai Re in a deal worth approximately $70m.
Crawford to handle Oxford St flood claims
Loss adjuster Crawford & Company has confirmed it is handling claims arising from a burst water main on Oxford Street in London.
Straw’s motor bill awaits second reading
Jack Straw’s Motor Insurance Regulation Bill is set to have its second reading in the House of Commons today.
Marketform CEO steps down
Marketform director and chief executive Simon Turner has stepped down from his joint role at the specialist Lloyd’s insurer in order to concentrate on the health of his wife.
Ageas reveals policy changes ahead of Olympics
Ageas has outlined new terms in its shopkeeper policy ahead of this summer’s Olympic Games.
Indian COR poll
When will the Indian non-life market reach a combined operating ratio of 100%