News
RSA ‘disappointed’ at consequential losses judgement
RSA has welcomed the judgement on its client’s warehouse riot case, which was burned and looted during the riots of August 2011.
Landmark ruling clarifies compensation under Riot Act
A judge has ruled the attack on a Sony warehouse in Enfield during the riots of August 2011 falls within the scope of the Riot (Damages) Act but that the consequential losses arising from the event do not.
Ace receives license to open in Tunisia
Ace Group has received approval from the Tunisian Ministry of Finance to establish a reinsurance operation in Tunisia as part of its continued strategy to grow its business throughout its Middle East and North Africa region.
Subsidence ruling could see more claims against liability insurers
A recent judgement has modified the existing case law on a private property owner’s liability in respect of building subsidence caused by trees.
Zurich names De Swaan chairman
Zurich Insurance Group has appointed Tom de Swaan as its chairman after Josef Ackermann stepped down last month following the death of the group’s chief financial officer.
Aviva risk engineer joins vehicle CCTV manufacturer Vue
Manchester-based vehicle CCTV manufacturer, Vue CCTV, has recruited an Aviva motor fleet risk engineer to serve as business development manager.
AIG recruits from Starr for marine loss control manager
AIG has recruited Steve Broderick to serve as its marine loss control manager with immediate effect.
Brightside chief questions Markerstudy's 'strange' valuation
Brightside's chief executive Martyn Holman has expressed confusion at the change in valuation that scuppered Markerstudy’s bid for the broker.
First Assist unveils business development manager
First Assist Legal Protection has appointed Thomas Jones as business development manager.
Bluefin to develop affinity proposition with new hire
Bluefin Insurance has appointed Jamie Eaton as Affinity development director, who will be responsible for growing the overall business and winning new affinity and commercial partners.
Neil Moge to lead EMEA insurance portfolio at Goldman Sachs
Neil Moge has been hired by Goldman Sachs to lead a London-based team overseeing investments for insurers in Europe, the Middle East and Africa.
Willis unveils seafarer repatriation policy
Broking giant Willis has launched a new liability policy to cover costs from repatriating stranded seafarers.
Tom de Swaan appointed Zurich chair
Zurich Insurance Group has appointed Tom de Swaan as its chairman after Josef Ackermann stepped down last month following the death of the group’s chief financial officer.
Swinton profits to remain flat until 2015: Bardet
Swinton chief executive Christrophe Bardet said the broker may not post improved figures until 2015 after a steep drop in profits and turnover for 2012.
Unscrupulous 'slam on' fraudster set for sentencing
A crash for cash fraudster who put lives at risk after deliberately pulling out in front of a bus is awaiting sentencing after claims investigators referred the case to the Metropolitan Police.
DAS reports lack of interest in 'rights for shares' scheme
Legal challenges relating to legislation that enables employees to sacrifice certain employment rights in return for company shares are expected to increase in the long-term, despite a limited take-up in the scheme so far.
Spain dispute designed to distract says Gibraltar
The Spanish government is using a diplomatic row with the UK and Gibraltar to distract from internal problems, according to Gibraltar finance minister Albert Isola.
FCA fine not to blame for profit slump as Swinton plots job cuts
Swinton has attributed changes to its sales practices following regulatory action over the mis-selling of add-on products to a drop in its annual turnover last year, which sunk to £301.4m from £329.1m in 2011.
85 changes to funding Scottish civil litigation recommended
A review into the expenses and funding of civil litigation in Scotland has recommended 85 changes to the current system including solicitors being able to offer their clients "no win, no-fee" agreements.
Ecclesiastical reveals increasing trend in specialisms
Around 60% of brokers across the UK believe there is an increased trend towards specialising, Ecclesiastical’s Specialist Broker Barometer has revealed.
Spain tensions designed to distract says Gibraltar government
The Spanish government is using a diplomatic row with the UK and Gibraltar to distract from its own internal problems, according to Gibraltar finance minister Albert Isola.
BGL extends relationship with National Accident Helpline on PI claims
BGL and National Accident Helpline have reached an agreement, which will see Minster Law, part of BGL’s legal services business, and NAH work in closer harmony on personal injury claims.
Solicitors face premium hike following Berliner exit
Firms forced to shop around following Berliner’s exit from the solicitors' professional indemnity market could face significantly higher premiums for replacement cover, according to Marsh.
Axa reveals regional trading teams following broker feedback
Axa has unveiled its commercial lines and personal intermediary regional broking managers responsible for leading sales teams across the country.