News
Google to face ‘formal charges’ for breaking EU law
European Commissioner Joaquin Almunia has warned Google that it is likely to face formal charges for violating European competition law, the New York Times reported.
APC extends liability limits
Underwriting agency APC has increased the limits on the majority of its public and products liability risks to £10m and property risks to £50m in a move that it claims will help smaller brokers win larger clients.
Intense hurricane season warning for US
Insurers have been warned that above-average hurricane activity is on the way for the period between 1 June and the end of November.
AIG extends oil and gas cover
AIG has expanded its oil and gas product to offer increased limits and cover, coupled with stronger specialist loss control services.
Lockton recruits general counsel from Towergate
Lockton has swooped to recruit Towergate’s head of legal and secretariat.
Carlier named Cooper Gay Re CEO
Former RK Carvill and Minet Re chief executive Ron Carlier is to return to the industry leading the reinsurance subsidiary of Cooper Gay Swett & Crawford.
Ai Claims wins Honda contract
Honda has appointed Ai Claims Solutions to handle accident management and credit hire for the motor manufacturer’s UK customers.
Insurers raise concerns over inadequate cover for amateur football players
Mandatory insurance enforced by FA covers only ‘extremely rare’ incidents
Insurers’ closed third-party phone lines add to claim settlement times
Zurich to consider litigation if subrogation times are ‘unreasonable’
Allianz investigates possible employers’ liability fraud rings
Insurers must do more to clamp down on fraudulent employers’ liability claims before organised fraudsters take the “next logical step” into the EL sector, according to Allianz fraud manager Mihir Pandya.
Claims rise adds to fears fraudsters are targeting EL
Employment arena is ‘fertile’ ground for organised fraud
Forecasters predict high hurricane levels as Oklahoma reels from tornado
‘70% chance’ of above-average hurricane activity between July and November
Crawford names EMEA forensic accounting lead
Loss adjuster Crawford has recruited a long-term forensic accountant from PWC to lead a regional forensic investigation and business interruption division.
Taiwan insurers to invest in property
Taiwan's government will allow insurers to invest in infrastructure projects to help boost the economy.
MAS opens office in Beijing
The Monetary Authority of Singapore has opened a representative office in Beijing.
Career File: Daniel O’Connell, XL
Ex-army captain takes on war underwriting role
Market Moves: Ageas plans stronger over-50s push; Biba welcomes new compliance officer
Insurers and brokers took pride of place in the recruitment space this week, with Ageas among the firms making waves, hiring a new marketing boss to head up its over-50s brands. Headlining broker recruitment news is the imminent move from Marsh to the…
Insurance can support economic development in MENA region says Zurich
Insurance can promote economic development, create jobs and boost trade across the Middle East and North Africa region, a new report by Zurich has claimed.
Penny Black's Insurance Week - 30 May 2013
As the fallout from the 2013 British Insurance Brokers’ Association conference continues, Penny has heard some truly toe-curling tales that, try as one might, can never be unheard.
Crawford hires forensic accountant to lead BI adjusting team
Claims management firm Crawford & Company has recruited forensic accountant Ian Hasson from Pricewaterhouse Coopers.
XL promotes Sinz to regional manager for continental Europe
XL Group has promoted Kadidja Sinz to the role of regional manager, continental Europe, in the insurance segment’s distribution and network function.
Loss adjusters excluded from latest IMD2 draft
The direct regulation of loss adjusters and claims management firms has been dropped from the second draft of the Insurance Mediation Directive by the European Commission, Post has learnt.
Jolly Nero owner not expected to make hull claim
Indications that the owner of Jolly Nero, the ship that crashed into the port in Genoa a fortnight ago, does not expect to make a hull and machinery claim has come as a surprise to the market.
Tim Ablett passes away
The much respected insurance veteran Tim Ablett passed away at the weekend.