News
Airmic 2012: Cover trumps price for global programme buyers
Some 97% of insurance buyers purchase a global programme based on certainty of cover and not price, XL research has revealed.
MYI's Gillan appointed Insurance Institute of Manchester president
McLarens Young International executive director David Gillan has been named as president of the Insurance Institute of Manchester.
Tysers boosts terrorism team with Morley appointment
Lloyd's of London broker Tyser & Co has appointed Simon Morley as a member of its specialist terrorism team, which forms part of Tysers' marine division.
MGA Dual expands with new Austrian office
Dual Group, the underwriting arm of Hyperion Insurance Group, has announced that Dual Austria will open its doors in Vienna on 1 July fronted by liability specialist Hannes Puchner.
Dual opens Austria office
Dual, the underwriting arm of Hyperion Insurance Group, will open Dual Austria in Vienna on 1 July and liability specialist Hannes Puchner will head up the operation.
Cost Advocates recruits Woolley
Cost Advocates has appointed solicitor and costs litigation specialist Emilie Woolley as costs solicitor.
Indian shippers to stop handling Iranian oil if government can't agree cover
Indian state-owned refiners look set to halt oil imports of 173 000 barrels a day from Iran, unless the government permits them to use insurance and freight arranged by Tehran.
Japan approves insurance for tankers carring Iranian oil
Japan's cabinet has approved a bill to provide sovereign insurance to tanker operators that import Iranian oil before European Union sanctions come into force.
Airmic 2012: Quality of information 'essential' to BI claims
The business interruption information provided by policyholders to their insurers is "essential" in the current climate, Allianz Global Corporate & Specialty boss Volker Muench has claimed.
Airmic 2012: Risk managers urged to 'push' insurers on reservation of rights
Risk managers need to be more proactive with insurance partners over reservation of rights issues, law firm Herbert Smith has said.
AM Best removes ratings of Allianz Risk Transfer from under review
AM Best Europe Rating Services has removed from under review with negative implications and affirmed the financial strength rating of A (excellent) and issuer credit rating of 'a' of Allianz Risk Transfer.
Irish broker claims telematics first
Autoline Insurance Group has claimed an insurance first for Irleand with a telematics proposition included in its insurance policy offering.
Italian P&C insurance market outlook is stable
The outlook for the Italian property & casualty insurance market remains stable, although the outlook for the Italian life insurance market remains negative, in line with the other negative life insurance markets in Europe.
Insurance industry struggles to respond to new technological threats
Leading organisations across Europe are failing to integrate cyber threats fully into their risk management strategies, despite mounting concerns about cyber risk.
Italian P&C Insurance market outlook stable, says Moody's
The outlook for the Italian property & casualty insurance market remains stable, according to Moody's Investors Service in an Industry Outlook published today.
Airmic 2012: Marsh returns to Liverpool after six years
Marsh has re-established an insurance broking division in Liverpool six years after exiting the city.
Airmic 2012: Reputation tops risk manager concerns
Almost half of Airmic members view reputational risk as their number one concern, research by the risk managers association has revealed.
Insurers to face 'significant' UK flood losses
The insurance industry is likely to suffer significant costs for affected properties in flooded areas, and household premiums could rise, Deloitte has predicted.
Former AGERS president Romero passes away
The Federation of European Risk Management Associations has learned with sadness of the death of Eduardo Romero, former member of the FERMA board, president of the Spanish risk management association AGERS from 1999-2003 and former risk manager of Grupo…
SSP appoints Discombe chairman of board of directors
Insurance technology solutions provider SSP has appointed Nick Discombe as non-executive chairman.
S&P upgrades Skuld to 'A' with 'stable' outlook
Maritime insurer Skuld has had its Standard & Poor's rating upgraded to 'A' with 'stable' outlook, based on strong underwriting and capitalisation.
Mike Quinton says departure was nothing to do with aggregator failure
Mike Quinton has confirmed he has left Covea, the parent company behind the failed aggregator start-up he had worked on, stressing that it was only a temporary role.
Chartis' Sadler elected president of Aerospace insurers
Janet Sadler of insurer Chartis Europe has been elected president of the International Union of Aerospace Insurers.
Coface expects lower profit margins due to Europe debt crisis
Credit insurer Coface SA has said it may post lower profit margins from underwriting as Europe's debt problems fuel higher claims.