News
American broker blames barriers to entry for lack of interest in London
Reinsurance broker Tiger Risk Partners UK has claimed to be the first US-owned broker to set up a London office since 2003, blaming the lack of interest on the UK’s “significant barriers to entry”.
WNS targets top three spot as delayed property repair business launches
WNS Assistance has launched into the property repair space, eight months after it vowed to become a top three player in the sector.
MYI CEO targets more acquisitions after sealing double deal in a week
McLarens Young International has underlined a period of rapid global expansion with the acquisition of a US-based SME claims adjusting firm, just days after announcing its commitment to the aviation sector.
RSA to head to High Court to defend disputed subrogation policy
RSA is going to the High Court next year in a bid to defend its policy of adding as much as 25% to bills passed on to rival insurers through subrogation.
Career development: LV ups investment in employee training programme
LV has launched its leadership curriculum, a new training programme designed to give existing staff a bespoke pathway to improve skills and support ongoing development.
Career file - Jorge Luzzi
Pit stop of Pirelli's Luzzi at Ferma.
Broadgate acquisition is last for Torus
The recent acquisition of Broadgate Underwriting by Torus finalises a string of hires and acquisitions by the globetrotting insurer.
Oval restructuring continues apace
Widescale restructuring at Oval appears to be gathering momentum, following a spate of high-profile boardroom changes at the broking firm.
UBS rogue trader scandal lures underwriters back
The multi-billion dollar UBS rogue trader scandal has helped spark a rise in the number of underwriters willing to re-enter areas of high volatility exposure, according to a US professional lines expert.
PSTF: Eliminate social media confusion before policies tested by regulator
Law firm Taylor Wessing has urged companies to implement formal social media policies, or risk falling foul of the regulator.
PSTF: Ignoring mobile interaction could be ‘devastating’
Companies that are yet to fully embrace the web should look straight to mobile to ensure competitive advantage.
PSTF: Cloud technology counters cost while catering for demand fluctuations
Post’s Strategic Technology Forum debated cloud technology from a user’s perspective, the perils of ignoring mobile and risks surrounding social media.
News review 14 - 20 September 2011
A review of news stories which broke between 14 and 20 September 2011.
Lloyd's to only take on "inherently profitable" business plans
Lloyd’s has denied coming down harder on underwriters to write reasonably priced risks but admitted it will be more difficult to convince the market of profitable business plans.
Online consumers opt for brand recognition over price
Price comparison site customers are more likely to buy from recognised and trusted insurance brands, than from those simply offering the lowest quote, according to a Gravytrain survey.
London Market standing firm despite early setbacks
The London Market remains robust despite an unprecedented volume of large claims in 2011.
RSA to head to High Court – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including RSA’s plans to head to the High Court in a bid to defend its policy of using a wholly-owned subsidiary for motor repairs, which has been found to add as much as 25…
Lockton gears towards Midlands growth
Newly appointed Lockton managing partner Debbie Day has outlined a widespread expansion programme at the broker’s Midlands office as her first major project in her new role.
European Commission to propose additional contract law in October
European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.
European Commission to propose additional contract law in October
European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.
Catlin praised for community commitment
Bosses at Catlin Underwriting Agencies were last night presented with the ‘Heart of the City’ award for their efforts in helping to transform a failing inner-city school.
Lloyd's chairman set to receive prestigious gold medal
Long-serving Lloyd’s chairman Lord Levene is to receive the institution’s gold medal in honour of his “tireless” contribution over the past decade.
LAS launches interactive 'facebook-style' claims system
Insurers and policyholders have been invited to get to grips with a “revolutionary” online claims management system which allows 24-hour interactive access to the progress of individual claims.
Sterling unveils new adjusting panel
Sterling Insurance has named Davies, VRS Vericlaim and Questgates to its new-look loss adjusting panel.