News
Airmic 2011: Firms underestimate true cost of major claims
A lack of understanding surrounding the range of uninsured costs and management time wasted means the true financial cost of major property claims are underestimated, says Heath Lambert.
Insurers in line for a £4.8bn windfall from referral fees - Insurance News Now – 9 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how motor insurers could pocket billions in extra income a year if a recommendation to retain referral fees is acted on.
Post Blog: Scaling the heights - Questgates' Himalayan Adventure
Last month, Questgates duo Andrew Davies and Aaron McMullen completed a 320km cycle, trek and paddle through the Annapurna Mountain Range in the Himalayas in support of The Prince's Trust.
Endsleigh offers NASUWT members home insurance deals
Endsleigh, the leading insurance provider, today unveiled a promise to all members of the teacher’s union NASUWT across the UK that they will beat any existing home insurance renewal quote.
Airmic 2011: Insurance market for cyber risks needs to come of age
In 2010 it is estimated that hostile cyber attacks on companies accounted for nearly one third of all UK data breaches – up from around 22% the year before – and these incidents are becoming increasingly expensive.
Swinglehurst accounts frozen after tax troubles
Lloyd’s insurer Swinglehurst has had its company accounts frozen after running into tax diffculties, media reports have revealed.
Quinn set to issue UK policies until end of 2012
Quinn Insurance will continue issuing new UK policies until the end of 2012 even though the insurer's new owners are only buying its Irish operations, according to the Irish Independent.
Post Blog: Scaling the heights - Questgates' Himalayan Adventure
Last month, Questgates duo Andrew Davies and Aaron McMullen completed a 320km cycle, trek and paddle through the Annapurna Mountain Range in the Himalayas in support of The Prince's Trust.
Marsh warns businesses to face up to impact of climate change
“Robust risk mitigation strategies” to deal with climate change are required to protect businesses from major losses, according to Marsh.
Airmic 2011: Study identifies underlying risks that can lead to corporate failure
Boards failing to see – or just choosing to ignore – underlying risks can result in events serious enough to bring down or severely damage otherwise successful companies, research has revealed.
Marsh warns businesses to face up to impact of climate change
“Robust risk mitigation strategies” to deal with climate change are required to protect businesses from major losses, according to Marsh.
Airmic 2011: Global insurance compliance is fastest-rising concern
The compliance of global insurance programmes is the fastest-rising concern amongst Airmic members, according to the result of the risk management association’s latest survey, ranking second only to reputational risk as their main worry.
Airmic 2011: Model-clause unveiled by Airmic
Airmic has published a model-clause aimed at reducing the possibility of firms having policies avoided by insurers as a result of inadvertent omissions in the underwriting information provided by purchasing organisations.
Airmic 2011: Airmic launches risk management mentoring scheme
A mentoring scheme to help give young risk managers a boost in their careers has been launched by Airmic at its annual conference in Bournemouth.
Airmic 2011: A guide to international compliance obligations
A guide to help members ensure their insurance programmes comply with international regulations and tax rules has been published by Airmic.
Airmic 2011: Chartis opens multinational centre of excellence
Chartis has launched a multinational centre of excellence to provide clients and brokers with a focused source of expertise and delivery for global insurance programmes.
Airmic 2011: Property rates to remain static, says Willis
The cost of commercial property and business interruption cover remains at an historic low, the latest Airmic-Advisen benchmarking survey of 135 Airmic members has found.
Airmic 2011: It is not necessary to increase fleet insurance costs each year, says QBE
“Fleet insurance costs do not need to go up each year – there is another way”, says QBE’s Doug Jenkins.
Airmic 2011: Generation Y could hold the key to corporate response to emerging technologies
The use of technology as a central part of their lifestyle separates Generation Y (those under 30 years old) from Generation X (everyone else), but risk managers rarely consider the threat that this cultural chasm represents, the Airmic conference heard…
Airmic 2011: Insurance requires “innovative thinking” to understand challenges of renewable energy market
The Insurance industry requires innovative thinking and a deep level of understanding if it is to face the challenges that come with the renewable energy market.
HDI-Gerling hires UK and Ireland liability head
Industrial Insurance Company HDI-Gerling has appointed Mark Appleton to the position of liability underwriting director for the UK and Ireland.
Airmic 2011: Managing global risks with the right knowledge
Delegates at Airmic were able to see a demonstration of ‘The Zurich Rick Room’ a tool designed by the insurer to help organisations plot their strategic direction in the face of a constantly changing risk landscape.
HDI-Gerling hires UK and Ireland liability head
Industrial Insurance Company HDI-Gerling has appointed Mark Appleton to the position of liability underwriting director for the UK and Ireland.
Giles sells life sciences book to Oamps
Giles is understood to have sold its life sciences business to Oamps Special Risks.