News
Accident Exchange fails in committal application
Credit hire organisation Accident Exchange has failed to get permission to have an Autofocus employee committed for contempt of court
Guidewire launches new claims operations software
Software company Guidewire has launched a new claims performance tool as part of its end-to-end claims centre tool.
Piracy and Iran sanctions among challenges for marine insurers in 2010
Increased ransoms demanded by pirates and UN/US sanctions imposed on Iran were two potential areas for concern highlighted at a meeting of the International Union of Marine Insurance (IUMI) body on Tuesday.
Post Pick of the Week
Post reporter Leigh Jackson outlines the major stories from this week's issue of Post: Insurance asbestos costs to double;Axa personal injury move; FSA targets client money; Henderson director joins Towergate; Aviva scraps commercial and personal posts.
CCRIF pays $7.75m to Haiti
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has paid out $7.75m to the Government of Haiti following the Magnitude 7.0 earthquake which struck close to Port-au-Prince on 12 January, causing damage of catastrophic proportions.
Groupama appoints e-commerce boss
Groupama had appointed current operations development manager Malcolm Etchells as its new head of e-commerce.
Editor's comment: FSA: not gone yet
If the insurance broking fraternity thought that the banking crisis would lead to the Financial Services Authority giving them an easier ride over the coming months, as it channelled its energies there, then last week's 'Dear CEO' letter may have caught…
Markel strengthens board with non-exec appointment
Markel International has appointed Ralph Snedden as a non-executive board director.
London companies prepare for Solvency II
The IUA has declared that companies that successfully implement Solvency II may make efficiency improvements and gain a competitive advantage on their rivals.
Partner Re 'pleased' with 1/1 renewals
PartnerRe, the Bermudian (re)insurer, said that it is 'pleased' with the performance of its treaty books during the Jan 1 renewals.
California mudslide could cost nearly $5bn
The mudslide that is threatening homes in Southern California could cost homeowners nearly $5bn, First American Core Logic has said.
Travelers in fourth quarter profits leap
Travelers has reported a significant rise in net income and earnings per share for the fourth quarter of 2009
Don't expect Berkshire Hathaway and Munich Re to merge says Wall Street
Berkshire Hathaway's announcement that they had upped their shareholding in Munich Re won't lead to a takeover of the German reinsurance giant, analysts have said.
ABI responds to Government discussion paper on CFCs
Association of British Insurers indicates initiative will make the UK tax system more "competitive."
Towergate Underwriting promotes duo in personal and commercial lines
Towergate has made two senior appointments within its underwriting division.
Torus moves for new European casualty senior vice president
Torus has appointed Thomas Guesde as senior vice president of its European casualty platform.
US authorities are set to investigate the AIG bail-out
The US bail-out watchdog is to investigate AIG's rescue, the BBC has reported.
Zurich updates risk model
Zurich Financial Services Group has enhanced its Global Risk Assessment Module - Gloram, which is designed to assist businesses cope with risk management.
UK officially exits recession
The UK economy has exited recession, after figures from the Office of National Statistics showed the economy had grown by a 0.1% in the last quarter of 2009.
Buffett buys Munich Re stake
Berkshire Hathaway's Warren Buffett has added a big stake in Munich Re to his insurance holdings, boosting...
RLI net earnings rise 19%
RLI, the US specialty insurer, said its full-year earnings jumped 19% to $93.8m from $78.6m this time last year.
Zurich reveals senior travel and personal accident appointments
Zurich Financial Services Group has appointed Brian Armstrong as head of personal accident and business travel, and Steve Coleman as senior PA & BT development underwriter for UK general insurance.
Plexus raids Halliwells again to bolster Manchester team
Five associates reunited with partners Chris Gough, Tim Short and Louise Shaw who left Halliwells in 2009 to start up office.
Towergate boosts Scottish team with new appointments
Towergate has appointed two new employees to its retail operation in Scotland