News
New managing agent enters nuclear market
New managing agent, Northcourt, was launched today, bringing fresh capacity to the global nuclear insurance market.
Oman Insurance Company appoints new senior management team
Oman Insurance Company has appointed a new senior management team.
Marsh and Amlin to work with new nuclear managing agent
A managing agent which claims to have brought the first new capacity to the global nuclear insurance market in more than a generation has been launched.
Deutsch replaces London on Beazley Furlonge board
Bob Deutsch has joined the board of Beazley Furlonge, the Lloyd's managing agency that forms part of Beazley, as a non-executive director.
Clustering seen as Windstorm Andrea follows hot on Ulli's heels
Windstorm Andrea passed through the UK earlier last week, fast on the heels of Windstorm Ulli, which brought widespread travel and power disruptions to Scotland.
Axa raises €2.5bn to invest in the European property market
French insurer Axa will invest up to €2.5bn in the development of green and brownfield sites and existing properties which require extensive redevelopment across the continent, to exploit the gap left by banks in the property lending market.
IUA launches London training forum
The International Underwriting Association has launched an Education and Training Forum for London Market companies.
Liberty Syndicates appoints new head of risk management
Liberty Syndicate Management, a member of Liberty Mutual Group, has appointed Dan Wilkinson as head of risk management.
QBE appoints French general manager from Marsh
QBE has appointed Jean-Philippe Pagès as general manager of QBE France replacing Jean Basset.
Liberty hires new risk management boss
Liberty Syndicate Management has appointed Dan Wilkinson as head of risk management.
Chinese insurance premiums rise 10% to £150bn in 2011
China's total insurance premiums rose 10 percent to 1.43 trn yuan (£150bn) in 2011 from a year earlier, according to weekend reports.
Malaysian insurance regulator revises motor premiums for first time in 30 years
As part of the new motor cover framework for addressing the structural issues within the motor insurance sector, Bank Negara Malaysia has announced measures it hopes will improve the claims settlement process and the implementation of gradual premium…
Delta signs up fifth franchised adjuster
Franchise liability adjusting business Delta Claims Services has signed up its fifth owner operator, Tamara Hamilton-Thomas.
Brokers hit harder than insurers, says CBI/PwC survey
Insurance brokers’ profitability dropped back after an unexpectedly strong fall in the volume of business and value of premium income, according to the latest PwC survey for the Confederation of British Industry.
CBG to insure carbon offsetting firm
CBG Insurance Brokers is to provide insurance for a firm which helps businesses offset their carbon footprint by providing carbon credits.
Insurers miss out on profits because of poor risk reporting
Around 72% of insurance and risk industry professionals believe the industry is missing out on vital profit due to inefficient risk reporting.
Natural Catastrophes poll
The sequence of earthquakes and large number of weather-related catastrophes have led some insurers to brand 2011 the costliest year ever in terms of natural catastrophes.
More M&A expected in Thailand after reinsurers review flood losses
Heavy losses from Thailand’s recent floods are dampening the appetite of global reinsurers to write business in the region.
PI broker launches commercial lines smartphone app
A professional indemnity insurance broker has launched a PI smartphone application that allows IT professionals to receive insurance quotes and buy cover.
LV Broker makes double promotion
LV Broker has promoted Kevan Aubrey and Mark Campbell to the positions of head of commercial distribution and head of key commercial accounts respectively.
FM Global appoints Rod Fisher senior VP for underwriting
Commercial property insurer FM Global has appointed Rod Fisher as senior vice president of underwriting and reinsurance.
Axa calls in extra claims staff as extreme weather batters Britain
The head of household claims at Axa has revealed that extreme weather conditions over the past few days have forced the firm to draft in extra claims handling staff to deal with an influx of calls.
Winter weather costs commercial property owners up to £225m a year
Cadogan Keelan Westall has revealed that Winter damage due to the severe UK weather is costing commercial property owners up to £225m a year, research has found.
FOS to set £350 surcharge for mis-sold PPI
The Financial Ombudsman Service has published its proposed plans and budget for the next financial year.