News
Vienna Insurance Group completes Jahorina acquisition
The Vienna Insurance Group is the new majority shareholder in Jahorina Osiguranje AD Pale insurance company.
McManus departs Willis
Brendan McManus has left his role as chief executive of Willis UK & Ireland.
New name for Quinn Insurance
Quinn Insurance will trade under the name Liberty Direct from 7 November according to The Anglo-Celt.
Canopius confirms Omega offer withdrawal
Canopius has confirmed it is withdrawing its offer to acquire all of the issued and to be issued share capital of Omega.
New name for Quinn Insurance
Quinn Insurance will trade under the name Liberty Direct from 7 November according to The Anglo-Celt.
Insurer liabilities grow under larger compensation payments ruling
Personal lines motor insurers will be forced to pay larger compensation payments to bodily injury claimants over longer periods of time due to the growing popularity of a 2003 legal ruling.
RSA recruits More Than man to head up e-business
RSA has appointed Ian Hood as group e-business director, with immediate effect.
Aon Benfield proposes optimisation strategy for Solvency II
Aon Benfield claims to have developed an optimisation process for setting a consistent strategy across asset and liability risks which will support insurers to better manage their risk and capital under Solvency II.
Towers Watson appoints senior broker for continental Europe
Towers Watson has appointed Nicolas Moinier as a senior broker in its reinsurance business with the aim of strengthening its presence in the European reinsurance brokerage market.
Flood effects aggravated by insufficient investment in preventative measures
Although floods occur more frequently than any other natural disaster worldwide, the risk they pose is often aggravated by human activity, according to a report by Allianz.
European non-life faces increasing challenging environment, says AM Best
European non-life insurers are operating in an increasingly challenging investment and economic environment, according to Sam Dobbyn, senior financial analyst at AM Best.
Ex-Swiftcover boss promoted to RSA e-business head
Global insurer RSA has appointed former Switfcover boss Ian Hood as group e-business director.
NW England bodily injury claims largest in UK and America
The Institute and Faculty of Actuaries has welcomed the government decision to ban referral fees after its research found claims management companies (CMCs) pocketed almost £500m last year.
DCS opens Brisbane office
Devonshire Claims Services (DCS) has opened a new office in Brisbane.
Zurich names chief underwriting officer for North America
Zurich has announced Mary Merkel is to replace Time Carter as regional chief underwriting officer for the insurer in North America, with immediate effect.
Two join Towers Watson in Asia
Towers Watson has strengthened its private markets research resources in Asia with the appointment of Richard Tan and Agnes Lee to its Hong Kong office.
French broker joins Brokers Link
Filhet Allard has become a member of independent insurance broker network Brokers Link.
French broker joins Brokers Link
Filhet Allard has become a member of independent insurance broker network Brokers Link.
Two join Towers Watson in Asia
Towers Watson has strengthened its private markets research resources in Asia with the appointment of Richard Tan and Agnes Lee to its Hong Kong office.
BP Marsh boss has ‘multi-million pound war chest’
Brian Marsh of venture capital firm BP Marsh has told Post he has a multi-million pound war chest to buy 20% to 40% stakes in internationally trading brokers.
MYI secures appointment to handle Manchester riot contentious claims
Loss adjuster MYI has been exclusively appointed to handle high-value and contentious claims against the police from the Manchester riots in August.
Hogarth’s Imperial exit sparked by ‘difference of opinion’
A “fundamental difference of opinion” in how Imperial Consultants should be run led to the departure of managing director Ian Hogarth to LAS Claims Management.
IFB seeks to double staff numbers with 25% increase in industry levy
The Insurance Fraud Bureau is to double its staff by increasing its industry funding levy income by 25% to £2.8m.
Market moves - 20 October 2011
This week the main movers and shakers were loss adjusters, with Davies, Woodgate & Clark and Advanta all making major appointments.