News
Paul Napier hires Cross for world push
Lloyd’s Broker Paul Napier has taken on Edward Cross as divisional director responsible for the development, distribution and marketing of commercial, professional and financial lines worldwide.
Windstorm Ulli expected to hit Scandanavia then dissipate
Windstorm Ulli is passing through Scandinavia and is expected to dissipate as it moves over the Baltic Sea today.
Chartis and Generali back launch of Chinese aggregator site
CNinsure, an independent insurance intermediary company operating in China, has launched a comparison website under the name of Baowang (www.baoxian.com).
85% of Omani consumers want Islamic finance products
There is strong appetite among Omani consumers for Islamic finance with many keen to take it up as soon as it becomes available on the market, according to a study published by the Islamic Finance Advisory & Assurance Services.
Travel insurers criticised over ongoing medical warranties
A rising number of Britons travelling overseas are being left without cover by insurers implementing medical clauses after policies are sold, according to consumer watchdog Which?
Stormy weather creates conditions for household rate rise
The recent winter storms in England and Scotland could lead to further rises in household premiums, according to PwC.
Ageas's Asian subsidiary has ratings affirmed
Ageas Insurance Company (Asia) has had it’s long-term foreign currency issuer default rating affirmed at 'BBB+', and insurer financial strength rating affirmed at 'A-' by Fitch.
London head of sales departs Axa
According to Post’s sister publication, Insurance Age, Axa commercial lines’ head of sales for London, Jamie Lewis, has left the company.
AM Best affirms Asia Capital Reinsurance Group FSR
Asia Capital Reinsurance Group has had its financial strength ratings affirmed along with core subsidiaries.
Charles Taylor appoints business development executive
Charles Taylor Insurance Services has expanded its business development team with the appointment of James Savill as business development executive.
Pipe and cable survey data to cut claims
Mitsui Sumitomo at Lloyd’s has partnered with LTU to help its UK construction and utility clients avoid claims from damaging underground cables and pipes when digging.
Dolmans takes on four in Wales
Dolmans law firm has made four new appointments to strengthen its Welsh practice.
Website review – Sheilas’ Wheels: Have the wheels fallen off?
Web performance specialist Gomez tests out the Sheilas’ Wheels website.
Voyager targets consumers with past convictions
The director if niche broker Voyager is hoping to take advantage of the reluctance by mainstream insurers to offer cover to people with criminal convictions.
Unified response called for as metal theft cases see substantial increase
Insurers are demanding a unified fight for changes to scrap metal sales to cut a spate of thefts, thought by the police to be worth more than £800m — but insurers argue consequential costs could run much higher.
No widescale rate hardening at 1/1 renewals
The 1 January reinsurance renewal season has seen large rate increases in catastrophe-exposed and loss-affected contracts, but there has not been wide market hardening.
New Ellis Clowes MD hails business benefits of Formula One star NED
Karen Ellis has taken on the newly created chief executive officer role of specialist Lloyd’s insurance broker Ellis Clowes, 13 months after leading a management buyout of the business.
Loss adjuster hails insurer regional returns
MYI has claimed recent senior hires in Ireland and the UK are symptomatic of an industry-wide move back to strong regional offices.
Hastings stands by Utley as he prepares to face disciplinary board
Hastings Direct has vowed to stand by chairman Neil Utley, pictured, as he prepares to face the Lloyd’s disciplinary board later this month, as part of an investigation into Equity Red Star.
News analysis: Lloyd’s CEO Ward outlines diversity message with ambitious three-year plan
The start of every New Year is inevitably accompanied by the desire to deliver on resolutions made the month before — and Lloyd’s is no different.
North of the border: An update on costs
The Taylor review seeks views on a wide range of topics affecting Scotland, says Caroline Cassidy.
Market moves: Insurers lead the way in recruitment
As the industry heads into 2012, insurers appear to be the most active in the recruitment space. Leading the way in Chaucer, with five new global hires, and Chubb, which brought in four new faces for the new year. Meanwhile, Tokio Marine added two staff…
Law report: Balance of probability rules out claim over gash sustained while playing rugby
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Risk of injury was foreseeable for teacher at secure unit
This law report has been contributed by national law firm Berrymans Lace Mawer.