News
Lloyd's ups terror costs.
Lloyd's has dramatically increased its estimate of net losses relating to the 11 September terrorist...
A store-studded event.
The supply of financial services in the retail sector is growing in popularity with insurers but Simon Threadgold asks whether they are risking alienating brokers through these links and indeed whether they are a profitable source of business.
Please mind the gap.
The demise of the i2i-link initiative recently has left a huge chasm in the market for an electronic interface between insurers and brokers, and while it was a good idea in principle, perhaps the industry was not ready to fully commit. Edward Murray asks…
Who will check liability cover?
We check that our contractors have adequate liability insurance and that the cover is provided by an...
New survey by AA Insurance Services.
Perth is the cheapest city centre for motor insurance, according to a new survey by AA Insurance Ser...
Pipe dreams?
With the threat of recession in the pipeline, businesses are searching for ways to cut costs, however, Phil Godwin warns engineering firms against compromising on safety and says with help and advice from insurers, things will start to look up.
Aneco Reinsurance v Johnson & Higgins.
Aneco Reinsurance Underwriting v Johnson & Higgins (House of Lords - 18 October 2001).
Report highlights unprofitable Irish motor
A report on the profitability and pricing of Irish motor insurance by actuarial consultants Tillingha...
Sherwood seeks recovery of £3.3m lost in legal decision.
UK-based insurance software provider Sherwood International has had to payout £3.3m to a customer fo...
Appointment at Lloyd Bolam.
Cheshire-based Lloyd Bolam has appointed Paul Beaumont as broking manager. He has been in the indust...
Cuts loom at Axa.
Axa is understood to be planning further staff cuts as part of plans to streamline its UK operation,...
ISS to buy disaster recovery firms.
Danish facilities management giant ISS is set to buy two disaster recovery companies by the end of t...
Airmic calls for action on lack of property terrorism cover.
David Gamble, executive director of the Association of Insurance and Risk Managers, has called on in...
No profit for wrongdoers.
Stace & Francis v Ashby & another (Court of Appeal - 7 November 2001).
Two snub Lloyd's.
Lloyd's insurers Goshawk Insurance Holdings and Wellington Underwriting have spurned the market, wit...
Teacher comforts.
In a profession where more and more court cases are being brought for claims resulting from allegedly inadequate levels of education, it may be a comfort for teachers to have the protection a professional indemnity policy can offer, says Veronica Cowan.
Game plan.
Sports events cover has moved into a different league, with insurers offering an increasingly broad range of policies for a variety of events. With the US terrorist attacks adding more pressure, specialist knowledge is the name of the game, says David…
Taisei wiped out by terrorism claims.
Medium-sized Japanese insurer Taisei Fire and Marine has filed for bankruptcy protection, after sayi...
Munich Re reveals Euro 1.2bn net loss
The Munich Re group made a Euro 2.1bn (£1.3bn) pre-tax loss in the third quarter to the end of Septem...
New chief executive for Le Mans Ré
James Veghte has succeeded Jérôme Coggia as chief executive of Le Mans Ré, the French reinsurer that ...
US reinsurance sector performance falls
The latest survey by the Reinsurance Association of America (RAA) showed that the combined ratio of a...
XL boosts capital for Lloyd's syndicates
The Lloyd's managing agent XL Brockbank is shutting down its syndicates 588 and 861, which are backed...
Hannover Re to raise Euro 194m
Hannover Re has announced today that it will embark on a rights issue to increase its capital by Eur ...
Gallagher to buy Morgan, Read & Sharman
US-based broker Arthur J Gallagher is to buy MRS Holdings, the parent company of Lloyd's broker Morga...