News
Norwich Union urges businesses to prepare for a crisis
Norwich Union Risk Services has revealed that less than half of businesses in the UK have adequate business continuity plans in place.
Business crime up 11% says Axa
The latest Axa Business Crime Index found that the number of business crime claims settled between April and June 2007 is 11% higher than the same period in 2006.
Three year wait for extra UK flood defence funds
The UK insurance industry’s plea to raise flood defence spending levels immediately after this summer's heavy losses, appears to have fallen on deaf ears, after a report from the UK's finance minister revealed no change in policy.
PRO Insurance Solutions establishes US operation
Swiss Re group's reinsurance services provider, PRO Insurance Solutions has announced the formation of a new United States affiliate, PRO Insurance Solutions, Inc. (PRO US).
Brokers Link selects Bridge as UK representative
Bridge Insurance Brokers has been chosen as UK representative for Brokers Link.
Pre-budget report confirms three year wait for flood defence funds
The UK insurance industry’s plea to raise flood defence spending levels immediately appears to have fallen on deaf ears, after the Chancellor’s pre-budget report revealed no change in policy.
Munich Re bets on specialty for US growth
Global reinsurer Munich Re has announced a new long-term strategy for the US property-casualty market, involving the adoption of a new client-centric structure and a building what a ‘dominant’ presence in niche primary insurance segments, either…
Zurich announces new financial lines boss
Zurich has today announced the appointment of Stuart Quinlan to the newly created role, head of financial lines for its UKGI broker division.
Equity "on target" to hit a century after latest deal
Equity Insurance Group has purchased Norwich-based personal lines and commercial broker, Castle Insurance Services.
Cullum hails diversification with letting agent swoop
Cullum Capital Ventures has announced a diversification by acquiring a majority stake in Managing Agents Reference Assistance Services, a provider of tenant referencing services for letting agents.
Report reveals plight of the insurance underclass
A new report by the Association of British Insurers has revealed that 35% of households earning less than £10,000 a year have no insurance at all.
Are you brave enough?
The Prince's Trust's Insurance Leadership Group has launched its overseas challenge for 2008 and is inviting entries from insurance industry teams to go head to head with their peers and rivals. The challenge is to travel across the Namibian desert for…
Airmic and InFires release risk management codes for food sector
The Insurers’ Fire Research Strategy Scheme (‘InFiReS’), in association with the Association of Insurers and Risk Managers (‘AIRMIC’) and the Food Industry Panels Group (‘FIPG’) has issued a revised code of practice for the Food Industry.
Judge highlights contradictions
Justice Rivlin continued his summing up by highlighting to the jury areas of apparent contradiction in the defendants' testimony. Martin Friel reports .
Up to $200m insured losses from Taiwan typhoon
Insured losses in Taiwan from both wind and precipitation-induced flooding from Typhoon Krosa are unlikely to exceed $200m.
Bodily injury claims report reveals 9.5% inflation
The total cost of bodily injury claims paid by UK motor insurers has significantly outstripped inflation over the past decade rising at 9.5% a year between 1996 and 2006 – more than double the growth in average earnings. Results from the Fourth UK Bodily…
Rubicon name dropped as EMR Europe plans expansion
EMR Europe has completed its rebranding after the acquisition of Rubicon in May and has appointed two managers to help progress its expansion plans.
CNA completes London office move
CNA Insurance Company has completed its move to new offices in the City of London. From October 1st, CNA’s European head office operations - including management, HR, administration and claims handling have been based at International House at St…
Direct Line launches buy to let product
Direct Line has launched a new insurance product for buy to let residential property owners.
BLG partner: multi million pound cases are on the rise
Multi-million pound personal injury claims are on the increase, Barlow Lyde & Gilbert partner Danielle Singer claimed today.
PB Roadshow: begins 9 October
The Professional Broking Roadshow 2007 starts tomorrow at the Royal Armouries Museum in Leeds.
IRM takes a global perspective
The Institute of Risk Management has revamped its post-graduate qualification to give people working in the area the chance to “gain a truly global perspective”.
Howden hires Ferguson to build GL team
Howden is building a team to further enhance its capabilities in general liability, with the appointment of Greg Ferguson to lead its team.
Marsh assembles jumbo $425m US property facility
Marsh has unveiled a property facility that will provide up to $425m of non-catastrophe capacity in the London market for US and Canadian companies. The facility can also be adapted to provide up to $262.5m of non-critical catastrophe capacity and up to …