News
New APC policy to cover Olympic tourist surge
Commercial insurance underwriting agency, APC, is to launch a new area rated hotel and guest house product to help UK proprietors to take advantage of the expected nationwide surge in tourist numbers resulting from the Olympics.
RenaissanceRe announces DeVinciRe $100m capital raise
DaVinciRe Holdings, the consolidated venture of RenaissanceRe Holdings has completed an equity capital raise of $100 million from new and existing investors.
Kennedys creates Irish operation with merger
International litigation and dispute resolution firm, Kennedys has opened its ninth international office in Dublin.
Inflatable standards urged
Insurers have been urged to introduce new cover pre-requisites for inflatable amusements, after three children were injured when the bouncy castle they were playing on at a hotel in North Yorkshire came loose from its moorings and hit a telegraph pole.
Property claims: Surveillance legislation should hold no fear for insurers
Insurers have been told to embrace surveillance and that they have nothing to fear from the legislation surrounding it.
LSB referral fee advice slammed as 'mistaken'
The Ministry of Justice has been urged to disregard the "mistaken" advice of the Legal Services Board and ban referral fees, as lawyers and insurers joined forces to criticise the decision.
CSR news: CEO cycles 200 miles for charity in inaugural tour d'Aviva
UK CEO Mark Hodges has taken part in Aviva's charity bike ride challenge — tour d'Aviva — between its York and Norwich offices. From 24 to 26 May, a team of 13 from the Aviva leadership team, including top boss Mr Hodges, cycled nearly 200 miles in the…
Editor's comment: Passing the hot potato
And so the buck gets passed once more. Another week, another non-decision on referral fees. This week it was the turn of the Legal Services Board to fight shy of a ban, deferring future responsibility for dealing with this questionable practice to…
CSR news: Brunel hits zero-carbon goal in green campaign
Brunel Professional Risks has upped its environmental credentials by achieving zero-carbon status, and claims to be the first specialist professional indemnity broker verified by clean planet trust Pure to have done so.
Homecall attracts buyer interest
Grant Thornton has been appointed official liquidator of the failed supplier of emergency cover for homeowners and landlords, Homecall Plus. But uncertainty remains as to whether policies issued in the past five months were backed by an underwriter as…
Property claims: UK businesses have failed to respond to roof collapse threat
The severity of the winter 2010 cold snap exposed a lack of preparedness by UK businesses, according to Huw Chandler, property risk engineering practice leader at XL Insurance.
'Therapy drift' leads Axa to outcome-based model
Axa Insurance is looking to counter its concerns over rehabilitation 'therapy drift' by working with a provider's new outcome-based pricing model, which effectively offers insurers a money-back guarantee on results.
CSR news: Lockton aims high for charity
Lockton's real estate & construction team's inaugural clay pigeon shoot has raised £5000 for its charity of the year, Macmillan Cancer Support. The shoot, which was sponsored by Amlin Insurance and held at Holland & Holland's shooting ground, has taken…
Property claims: Curb 'hide and seek' culture over claims
Insurers and claims firms have been told to curb "the hide and seek" culture obscuring the cost of claims handling.
Property claims: Lawyer in CFA plea
Non-foreseeability defences, often used in subsidence claims, could be on their last legs, according to a leading lawyer.
CSR news: Welsh broker chooses volunteering partner
Antur Insurance's employees have teamed up with Cancer Research Wales to volunteer at various events and stores run by the charity as part of the Welsh broker's 10th anniversary celebrations.
IFB and Apil fraud tie-up
Discussions are underway between the Insurance Fraud Bureau and Association of Personal Injury Lawyers to establish a data-sharing agreement aimed at combating fraud.
Sword talks to two after MBO
Insurance software firm Sword Insurance has hailed the growing influence of private equity in the insurance sector, after it confirmed a leveraged management buyout from French-owned Sword Group.
Towergate splits retail into three in internal shuffle
Towergate Broking has revealed a revised internal structure to staff, splitting its retail division into three key areas, Post has learnt.
PSTF: Telematics: caution called for over information overload
Responding to a question from a PSTF advisory board member, Insure the Box founder and joint chief executive Mike Brockman admitted there is a danger of information overload with regards to what telematics can deliver.
Property claims: Businesses must be vigilant over arson threat
A range of effective measures can be used to identify and tackle arson in the UK, according to a claims expert at Crawford & Company.
Towergate 'misleading' employment tribunal, says counsel
The long-running employment dispute between Towergate and two former members of staff now working for rival Hendersons could be concluded in November, a full year after the employment tribunal began to hear the case, Post has learnt.
PSTF: Cloudy issue
The cloud computing industry needs to put the elephant in the room to bed over security issues.
Imperial replaces Davies
Imperial Consultants is set to replace rival claims firm Davies on Zurich's panel for low-value property repair validation, Post has learnt.