News
Clarkson felt like piggie in the middle
Former Independent group claims director Patricia Clarkson spoke of feeling like a “piggie in the middle” when it came to getting authorisation to put whiteboard cases on the system, writes Jonathan Swift .
Claims manager reassured over Independent's finances
Former Independent group claims manager Patricia Clarkson admitted that she would have been “worried” about Independent Insurance’s position regarding reserving had she not been reassured that off-system finances existed to sufficiently cover claims,…
Marsh creates market’s first all-lines hotel facility
Marsh has launched a hotel facility for individual hotels and small chains. The Specialised Products Hotel Facility will provide all-lines cover, including property, casualty and terrorism, for global territories excluding North America.
Axa boss de Castries set for surprise move into politics
Axa’s group chief executive Henri De Castries could be in line for a shock move into government after reports linked him with the role of Minister for Economics - equivalent to the UK's Chancellor of the Exchequer.
ABI climate change paper turns the screw on government strategy
The Association of British Insurers has published of its climate change adaptation manifesto, hoping to put pressure on government to develop an effective strategy. ‘Adapting to our Changing Climate: A Manifesto for Business, Government and the Public’…
Ace in new mid to large commercial package push
Ace Europe has launched a combined package policy which it claims offers a new minimum standard of protection for large to medium companies.
National Car Rental in £1.5m fight against fraudsters
National Car Rental is fighting back in the battle against insurance fraud.
Ace Spectrum sets new protection benchmark for UK large to medium companies
Ace has launched a combined package policy which offers a new minimum standard of protection for large to medium companies.
Groupama appoints Browell to lead personal lines claims centre
Groupama Insurances has appointed Nicola Browell as claims centre manager for the group’s personal insurances claims centre based in Portsmouth. Ms Browell has 10 years operational experience in insurance claims and in her new role will lead a team of…
Highway appoints motorcycle repairer network
Highway Insurance has appointed a specialist supplier to operate a dedicated motorcycle damage repair network for its motorcycle customers. The news follows last year’s introduction of both private car and commercial vehicle approved repairer networks at…
Lloyd's specialist enters Irish market
Lloyd's insurer Sportscover today announced its launch into the Irish market, teaming up with broker and fellow sports specialist O’Driscoll O’Neil.
Indie Trial: Claims manager had no power to sanction reserve hike ban
Former Independent group claims manager, Patricia Clarkson, told the court today that she didn’t have the power or the authority to sanction a ban on reserve increases for the insurer’s liability claims, writes Martin Friel . To see full story and to…
Prosecution: Claims manager had no power to sanction reserve hike ban
Former Independent group claims manager, Patricia Clarkson, told the court today that she didn’t have the power or the authority to sanction a ban on reserve increases for the insurer’s liability claims, writes Martin Friel .
Rehab code to be unveiled at government seminar next week
New standards of practice for vocational rehabilitation practitioners will be announced next week to promote high quality professional support for people wishing to return to work following illness or injury.
Lloyd's debt issue massively oversubscribed
Lloyd's has successfully set the terms for the issue of £500 million of Tier 1 subordinated debt, revealing the issue has been several times over subscribed.
Ace Tempest Re CEO comes to London in global reshuffle
Ace Tempest Re, the reinsurance division of Ace, has announced today a series of executive appointments in its Bermuda, Europe and US operations.
RSA strikes 5 year claims deal
Direct Group's property claims & administration service has been selected for a five year contract as the sole provider of a completely outsourced schemes solution to Royal & SunAlliance.
Construction and cleaning insurance specialist snapped up by Ink
Rayleigh-based Ink Underwriting Agencies has snapped up local commercial insurance brokerage Mill Hall Commercial Insurance.
Giles outlines plan to double underwriting business following deal
Giles Insurance Brokers has acquired Rayleigh companies Ink Underwriting Agencies and PDT Insurance Consultants.
Anderson switches sides in EMB move
Duncan Anderson, until recently global non-life leader at Watson Wyatt, has joined EMB as a partner.
Fortress purchase of Alea goes unconditional
Bermudian (re)insurer in run-off Alea has announced that its acquisition from private equity and hedge fund manager, Fortress Investment has been declared unconditional.
MPs call for national staged accident action plan
Two MPs have bought an early day motion expressing concern over a lack of a national campaign to combat induced motor accidents. Nigel Evans MP for Ribble Valley and Andrew George MP for St Ives have signed the motion.
Lomas' defence questions orders not to disclose info to auditors
Mukel Chawla, representing former finance director Dennis Lomas, cross-examined Colin Hawes today about his testimony that Mr Lomas had asked him not to disclose certain information to the internal auditor, writes Olivier C. Laurent .
London market insured McLaren F1 prize
The surprise success of Formula 1 (F1) racing driver rookie Lewis Hamilton has had London's contingency market buzzing after it emerged his McLaren F1 team's lead sponsor has covered win bonuses through an insurance policy.