News
PwC warns of riot cover exceptions
PricewaterhouseCoopers bosses have urged customers to check the small print of their policies amid concerns that the impact of recent rioting may not be included in insurance contracts.
Riots could lead to a hardening market claims broker boss
Insurers are likely to be left counting the cost of repairing damage caused during riots on the streets of London and beyond, however, the ongoing chaos could also provide a catalyst for a hardening market.
14-day deadline for riot damage claims
Specialist loss adjuster Questgates has warned insurers to get claims in to the police for damage caused by riots within 14 days or miss out.
Broker Reich buys Glasgow's Surenet
Independent broker Reich Insurance has bought Glasgow-based broker Surenet Agency, Reich’s second acquisition in two months. It follows the addition of Bolton broker D. Barnett to its network.
Europe's senior-level professionals pack work for their holidays
Europe's senior-level managers and executives are bringing work with them on holidays according a recent survey.
E&Y European head appointed to lead global insurance practice
Shaun Crawford, has been appointed to lead Ernst & Young's global insurance practice and global insurance center based in London and New York.
Terrorism remains major threat to insurance industry
The reinsurance industry continues to meet the current demands for terrorism risk transfer despite high levels of terrorism according to a new report.
Weather related catastrophes hit Markel's COR
Markel International has reported gross written premiums of $227.7m for the quarter ended 30 June 2011, compared to $187.2m for the second quarter of 2010.
Industry faces £200m bill from weekend riots
A technical insurance expert has estimated that the bill purely from the weekend damage caused by the rioting in London could top £200m for the industry, Post has learnt.
Riot victims urged to speak to brokers
The British Insurance Brokers’ Association is advising those people affected by the recent riots around the UK to speak to their insurance broker as soon as possible so they can assist with their loss.
THB recruits senior broker for Europe
Following positive interim results, THB has announced plans to expand its European division, part of THB’s Lloyd’s broking operation Thompson Heath & Bond.
Terrorism remains a risk warns Guy Carpenter
Recorded incidents of terrorism around the world remain at historically high levels and terrorism remains a serious risk to the insurance and reinsurance industry Guy Carpenter has warned.
THB expands Amsterdam office
Broking group THB is expanding its European division, and has appointed Jeroen Nieuwold as a senior broker. He previously worked with Aon for 12 years. He will be based at the European office in Amsterdam.
Markel's 107% COR hit by catastrophes
Niche property and casualty insurer Markel blamed catastrophe losses of $99m for adding 10 points to its combined ratio, taking it to 107%, up from 102% for the same period last year.
Ernst & Young appoints former RBS employee as global insurance leader
Shaun Crawford has been appointed to lead Ernst & Young’s Global Insurance practice and Global Insurance Centre in London and New York.
Charles Taylor adjusting appoints Andrew Homewood
Charles Taylor adjusting is further increasing its property & casualty loss adjusting capability with the appointment of Andrew Homewood as director, non marine.
Crawford's Q2 boosted by bad weather
Loss adjuster Crawford & Company said second consolidated revenues before reimbursements hit $291.7m, up 22% on the same period last year ($238.2m).
Insurance standards improving report finds
For the first time since its inception in 2006, the annual Insurance Manager survey into insurance industry standards indicates things are getting a bit better.
Generali legal specialist joins insurance panel
Paul Reed QC, of Hardwicke Chambers, London has been appointed to the panel of the Centre for Justice.
RMS performs analysis for Swiss Re disease cover
Risk Management Solutions has conducted the expert risk analysis for two new series of notes issued under the Vita Capital IV Program.
Loss adjuster Axis expands in Mexico
Axis International is expanding its operation in Mexico, targeting domestic growth opportunities and the country's international reinsurance business.
Centre for Justice appoints insurance panel
Centre for Justice, an adjudication service for business, government and the public, has responded to requests from the insurance industry by unveiling a new panel of experts with insurance sector expertise.
Merlin appoints service centre technical manager
Merlin has appointed Patrick Toole as technical manager of its service centre division.
London riots could cost industry “several tens of millions of pounds”
Damage from the London riots will cost insurers “a lot of money”, Alister Jupp, major loss London director at Cunningham Lindsey has told Post.