News
Marsh names shark saver as NED
Broker Marsh has appointed leading Manx businessman and wildlife expert Ken Watterson as a non-executive director on its Isle of Man board.
Polish brokers launch €3m class action lawsuit against RSA
The Polish Chamber of Insurance and Finance Intermediaries has reported that 35 insurance intermediaries have filed a class action lawsuit against Link4, a wholly owned insurance company of the RSA Group.
Airmic supports legislation to tackle compensation culture
Airmic said it strongly supports plans to tackle the compensation culture for personal injury through The Legal Aid, Sentencing and Punishment of Offenders Bill.
AJAG publishes robust rebuttal to ABI’s case
The Access to Justice Action Group has published a robust rebuttal of the Association of British insurers’ arguments in favour of the Legal Aid, Sentencing and Punishment of Offenders Bill.
QBE announces Glasgow Warriors sponsorship
QBE has signed an agreement to become the official insurance partner of Glasgow Warriors.
Austrian insurer Vienna Insurance Group to merge Polish subsidiaries
Austrian insurer, The Vienna Insurance Group, intends to increase its sales power in the Polish non-life market by merging the companies Inter Risk and PZM.
Xchanging nabs former Aviva IT director
Xchanging, the business process and technology services provider, has today revealed the appointment of former Aviva IT director Jim Sadler.
Swiss insurer Helvetia sees profits up 8.7%
Swiss insurer the Helvetia Group has reported increased profits of 8.7% for the first six months of 2011 compared to 2010.
European insurers with US APH liabilities face solvency scrutiny
European insurers that hold US Asbestos Pollution and Health Hazard liabilities will be subject to greater scrutiny of their financial accounting according to new research.
Capita targets third pillar of Solvency II requirements
Capita’s financial services consultancy practice plans to strengthen its presence in regulatory change in response to market demand.
Lorica supports business growth with new hires
Lorica Insurance Brokers has announced a number of new hires across its UK branch network.
UK General signs capacity deal with MMA
UK General has signed a new capacity deal with MMA to broaden the terms of its tradesman’s liability offering.
Mayer Brown appoints insurance industry partner
Law firm Mayer Brown has today announced the appointment of Colin Scagell to the corporate and securities practice and Insurance Industry Group in London.
IUA produces first time accurate London market stats
The International Underwriters Association has produced a measure of premium income generated by insurance and reinsurance companies written by London that could help them prepare for Solvency II.
Bikers cancel insurance in cold weather
Groupama, owner of specialist biker broker Carole Nash, has warned that motorbike insurance cancellations typically rise by up to 60% in autumn and winter compared to the spring and summer.
Markel strengthens its sporting connections with triathlon event in France
Markel International has signed a two-year contract to be the title sponsor of the Castle Triathlon Series.
Ecclesiastical adopts new subsidence risk model
Ecclesiastical Insurance Group has licensed a new computer model from technology provider Business Insight that predicts the risk of subsidence claims being incurred across the UK.
Markel boosts sporting commitment with triathlon deal
Markel International has added to its portfolio of sporting sponsorships by putting pen to paper on a two year deal with the Castle Triathlon Series.
Chaucer’s Ball to write property treaty
Specialist Lloyd’s insurance Chaucer has named Simon Ball as international property treaty Underwriter within Chaucer Syndicate 1084’s property division.
QBE sponsors Brake road safety week
Commercial motor insurer QBE is to sponsor Road Safety Week 2011, organised by Brake, the road safety charity.
Axis promote cat claims manager for the Caribbean
Loss adjuster Axis has promoted a new regional manager to take over responsibility for the delivery of adjusting catastrophe claims in the Caribbean.
Lockton names Walton for expansion
Lockton’s Real Estate & Construction team has taken on Robert Walton (pictured) as part of expansion plans to provide advice to contractors, civil engineers and developers on a global basis.
Insure The Box cuts renewal prices
Insurethebox, the telematics-based on-line motor insurer, has released its first renewal statistics since going live last summer which show that around two thirds of its policyholders who received renewal notices in July and August were offered cuts in…
September 11 attacks have made insurers more resilient to ‘unthinkable' events
This is one of the findings of the latest report into the event by International insurance think tank, The Geneva Association.