News
Directors lose out as DLG axe falls on senior team
NIG sales and distribution director Dave Parry is among the highest profile figures to exit Direct Line Group amid fresh redundancies as the group targets £100m in gross annual savings by the end of 2014.
Police chief McBride calls for more insurer input to tackle metal theft
A police chief has urged insurers to tackle the spread of metal theft by improving the quality of claims data and sharing it with police and other stakeholders.
Gallagher sees Q3 income climb 14%
Arthur J Gallagher has reported a 14% rise in adjusted total revenues to $479m for the three months ending 30 September.
Linuo Power in solar warranty deal with Aon's China JV
International photovoltaic firm Linuo Power has launched warranty cover for solar modules supplied by Aon-Cofco, a joint venture between broker Aon and state-owned Chinese conglomerate Cofco Group.
Former RSA chief executive resurfaces at Lloyd's
Lloyd's has appointed Andy Haste as senior independent deputy chairman on the Council of Lloyd's.
EC Insurance names former Allianz Global Assistance chairman as non-exec
EC Insurance Holdings has appointed Mike Webb as a non-executive director.
Davies appoints deputy chairman as interim CEO
Davies has confirmed that deputy chairman Mark Chapman has taken over as acting chief executive until a permanent replacement is found following Charles Crawford's departure.
Firms unprepared for Sandy BI losses, Willis' Texeira warns
Hurricane Sandy could cost insurers between $5bn and $10bn, according to a report in The Wall Street Journal, while Bloomberg reports that the hurricane's toll is poised to cause $20bn worth of "economic damage".
Analysts predict 'superstorm' Sandy will strike primary insurers hardest
Lloyd's will avoid major losses relating to 'superstorm' Sandy, if early estimates that the primary insurers will absorb the bulk of the losses are correct.
Insurers fight back against riot response 'spin' claims
The Association of British Insurers has hit back at the London Assembly's "disappointing" and "meaningless" report on insurers' handling of last year's riots, arguing that it fails fully to understand the complexities of the claims handling process.
Crawford and Webb leave Davies
Davies chief executive Charles Crawford has left the firm along with recently appointed chief operating officer Andy Webb.
Caribbean cat risk report issued on Sandy
The Caribbean Catastrophe Risk Insurance Facility has issued a risk report after two of its members, Jamaica and the Bahamas, were hit by tropical cyclone Sandy.
GC develops industrial park database after Thailand losses
Guy Carpenter has developed a database of industrial estates in China, Taiwan, Thailand and Indonesia to help clients identify and evaluate potential risks in the region.
Hill Dickinson warns on non-claiming frauds
Data from unpursued claims should be better used to combat future fraud, according to commercial law firm Hill Dickinson.
Sandy could cost insurers $15bn
Insured losses from storm Sandy to properties in the US are expected to be between $7bn and $15bn, according to catastrophe modeling firm AIR Worldwide.
Aviva and Gallagher strengthen ties
A new commercial arrangement between Aviva and Gallagher Heath for standard and non-standard household products is expected to generate more than £200m in gross written premium over a three-year period.
Haste appointed Lloyd's deputy chairman
Former RSA chief executive Andy Haste has been unveiled as Lloyd's' new deputy chairman for a three-year term from 1 November.
Howden recruits claims head for international casualty
Howden Insurance Brokers is pleased to announce the appointment of Martin Owens as claims director for its financial institutions and international casualty divisions.
Aviva engineering team joins Fusion
A team of senior engineering underwriters and development professionals has left Aviva to join Towergate-owned Fusion Insurance Services.
Xuber targets bigger US market share following latest appointment
Xchanging's re-launched insurance software business Xuber has appointed Michael Kulp as vice president of sales, where he will join the recently expanded US sales team amid plans to increase the firm's share of the American market.
Howden poaches Paragon International claims director Owens
Howden Insurance Brokers has appointed former Paragon International claims director Martin Owens as claims director for the firm's financial institutions and international casualty divisions.
APC to take plunge into specialist motor underwriting market
APC is preparing to move into the specialist motor underwriting market with the launch of a public hire taxi product early next month.
"Largest Atlantic hurricane on record" could bring losses of up to $15bn, warns AIR
Insured losses from Sandy to onshore properties in the US will be between $7bn and $15bn, AIR Worldwide has estimated.
Coface appoint Bourgeois to replace outgoing MD
Credit insurer Coface has found a replacement for UK & Ireland MD Xavier Denecker in the shape of Frédéric Borgeois, group finance and reinsurance director.