News
Market moves: Insurers lead the way in recruitment
As the industry heads into 2012, insurers appear to be the most active in the recruitment space. Leading the way in Chaucer, with five new global hires, and Chubb, which brought in four new faces for the new year. Meanwhile, Tokio Marine added two staff…
Law report: Balance of probability rules out claim over gash sustained while playing rugby
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Risk of injury was foreseeable for teacher at secure unit
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: ‘Impressionistic’ approach to costs
This law report has been contributed by national law firm Berrymans Lace Mawer.
My best 11 - Dave Smith, Zurich
Dave Smith, managing director of commercial broker at Zurich, picks his Best XI for a potential insurance start-up firm. Smith has relied on intermediaries and his colleague Mario Greco to lead the charge, with Wolves legend Steve Bull leading the line.
BGL linked with Minster Law swoop as insurer/broker ABS uptake tipped to rise
The on-going backlash over referral fees has been credited as both a hindrance and catalyst for insurers and brokers seeking alternative business structures.
Andy Webb quits L&G
Legal & General has confirmed that its operations director of the general insurance business has left the company for “personal reasons.”
Claims double following storms
GAB Robins said that heavy rain forecast for today in the west of Scotland could lead to flooding.
AA and Co-op report storm claims spike
AA Insurance has reported 200% more calls than would normally be expected at this time of year and the Co-operative Insurance received more claims yesterday than it would usually get in the whole of January.
Lloyd's Council holds fresh election after Millwater departure
The Council of Lloyd’s will hold another election in the working member constituency following the departure of former Willis president Grahame Millwater.
Buckley Scott teams up with Middle East loss adjuster
Loss adjuster Buckley Scott has agreed a joint venture with Bahrain-based business Alan Henry.
Fraud unit makes first arrest
The insurer-funded police fraud unit made its first arrest yesterday hours after launching.
IAG secures multi-year reinsurance protection
Insurance Australia Group has finalised its catastrophe reinsurance programme for the period commencing 1 January 2012, encompassing protection of up to $4.7bn ($3.63bn), compared to $4.1bn in 2011.
Biba members to benefit from crime requirements checking facility
Members of the British Insurance Brokers’ Association will be kept up to speed with their obligations under the Terrorism Act and the Financial Services Authority’s financial crime requirements following the association’s launch of a checking facility.
Allianz contract with breast implant maker invalid
Financial Times Deutschland has reported that Allianz claims its insurance contract with the French breast implant maker, Poly Implant Prosthesis, is invalid.
Allianz Legal Protection boosts finance team
Allianz Legal Protection has strengthened its finance department to provide additional commercial and financial support to its senior management team.
MENA Insurance think tank welcomes three CEOs
MENA Insurance CEO Club has welcomed three industry veterans to its exclusive club, taking the total to 17.
Axa warns 2012 could be 'worst on record' for household claims
Claims forecasters at Axa believe that a combination of factors such as a high proportion of public events and unusual weather conditions could make 2012 one of the worst years on record for home insurance claims.
Marsh completes acquisition of Alexander Forbes' brokerage business
Broker Marsh has completed its acquisition of the brokerage business of Alexander Forbes.
Nat-cats make 2011 the costliest year ever
A sequence of devastating earthquakes and a large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses, Munich Re’s annual natural catastrophe review has found.
Ascot forms underwriting consortium for power generation
Ascot Underwriting has formed the Strategic Power Consortium, a dedicated technical underwriting vehicle for the power and utilities industry.
Marsh eyes further African expansion
Marsh has completed its acquisition of the South African brokerage business of Alexander Forbes and plans to buy other Alexander Forbes operations in Malawi, Mozambique, Nigeria, Uganda and Zambia.
Lorica boosts 'ambitious plans' with hires
Lorica Insurance Brokers has made a host of UK appointments.
Munich Re: 2011 was worst year ever
Munich Re has said the sequence of earthquakes and large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses racking up $380bn of global economic losses.