News
ISO claims division appoints new VP
Insurance Services Office, the provider of personal injury claims services and solutions, has announced the promotion of Richard Della Rocca to vice-president of ISO claims solutions.
Zurich enhances protection product
Zurich has introduced new elements to its protection proposition in a measure designed to provide customers with greater choice and flexibility.
Head of investor relations to leave Munich Re
Sascha Bibert, head of investor and rating agency relations, will be leaving Munich Re in mid-November 2008 at his own request.
Evolution enters cat derivatives market
Energy broker Evolution Markets has announced it has launched brokerage and structured transaction services for the emerging catastrophe derivatives market.
AIR includes cat bonds in latest model release
AIR Worldwide Corporation has released updates to its catastrophe risk management systems.
Zurich general insurance profit up 22%
Zurich has recorded general insurance gross written premiums and policy fees of US$20.6bn, up 8% or 1% in local currencies, and a combined ratio of 96.2%, an improvement of 0.3 percentage points for the first six months of 2008.
Navigators/Syndicate 1221 gain Brazil license
Navigators Insurance Company and our Lloyd’s Syndicate 1221 have been approved in the category of occasional reinsurer
Brokers' call handling rated
More than 80% of brokers do not give callers an option to get through to a claims department out of hours, according to a survey.
Consumer inflation soars to 4.4%
In July the Consumer Prices Index jumped 0.6% to 4.4%, twice the government's 2% target. Food inflation hit 13.7% last month (over the same month last year) and was a significant contributor to the jump in the CPI. The data makes it harder for the Bank…
Damage and underinsurance in vacant properties costs millions , says NU
Damage to vacant properties and underinsurance is costing property owners millions of pounds, Norwich Union has claimed.
TSR significantly ups hurricane risk forecast
There is now a high likelihood that 2008 will be a very active hurricane season, according to Tropical Storm Risk.
Two new product launches for Primary General
Primary General has announced the launch of its new professional indemnity (PI) and directors' and officers' policies (D&O). These new policies join the wide range of package policies, tradesman and contractors policies, which are already available via…
Brit Insurance launches PI products on Britbord
Brit Insurance Holdings have announced the launch of Britbord PI, a comprehensive set of professional indemnity (PI) products on its delegated underwriting system, Britbord.
Former Arch CEO to head White Mountains Re in Bermuda
Dwight Evans will become president and chief executive officer of White Mountains Re's Bermuda-based subsidiary, White Mountains Re Underwriting Services Ltd, subject to the approval of Bermuda's immigration authorities.
Marsh India names Kedia CEO
Marsh has announced the promotion of Mr Sanjay Kedia to CEO and country manager for Marsh India Insurance Brokers Private Limited.
Primary enter PI and D&O markets
Primary General has ramped up its offering with two new products.
Brit Insurance launches micro SME PI product
Brit Insurance has launched Britbord PI, a comprehensive set of professional indemnity products on its delegated underwriting system, Britbord.
Crop and weather derivatives expert joins Collins
James Long, a risk manager with experience in crop reinsurance modelling, weather derivatives, commodity price contracts and over-the-counter derivatives, has joined Collins as vice president-commodity analytics.
Florida urged to reject State Farm rate hike request
Florida’s consumer advocate is recommending state regulators deny a rate increase request from insurer State Farm.
Ex-Willis chair hails Bridge Insurance Brokers potential
Bridge Insurance Brokers has appointed Roger Potts as its new chairman.
Fitch assigns first-time rating to Endurance Bermuda
Fitch Ratings has initiated rating coverage on Endurance Specialty Insurance (Endurance Bermuda) by assigning an 'A' insurer financial strength (IFS) rating.
Barbon raids Ascent for new head
The property and commercial division of Barbon Insurance Group has appointed Duncan Cogdell as head of client services for property and construction.
Risk managers support block exemption
The Association of Insurance and Risk Managers has made a submission to the European Union Commission supporting continuation of the block exemption.
PMI demand driven by concerns about superbugs and hospital cleanliness
Demand for PMI is being driven by fears over superbugs and general hospital cleanliness, according to new research from Bupa.