News
Casserley appointed Willis CEO as Plumeri departs
McKinsey and Company partner Dominic Casserley, pictured, has been named as the next chief executive of Willis, following the news that CEO and chairman Joe Plumeri is due to step down after 12 years in the role.
Marsh backing Project Noah despite rival Aon joining flood insurance race
Aon Benfield's decision to unveil a reinsurance-based flood risk solution has sparked a bullish response from rival Marsh's top flood specialist, who claimed that the launch of his firm's Project Noah proposal is imminent.
Market moves: CEO change at Willis takes the headlines
Recruitment news this week was dominated by the appointment of a new group chief executive at Willis, after long-serving CEO Joe Plumeri announced that he is standing down early in 2013 after 12 years, and the appointment of a new broking CEO at Hastings…
BGL Group to target Brazil, India and Turkey as it seeks to widen footprint
Compare The Market parent BGL Group is eyeing opportunities to extend its aggregator reach into Brazil, India and Turkey, according to chief executive Peter Winslow.
Fraud 2012: Fraudsters target insurance because it's 'easy'
Fraudsters target insurance "because it is easy", according to Professor Martin Gill, director of Perpetuity Research International.
Fraud 2012: Don't overuse meta-data, BLM warns insurers
Insurers must be cautious not to over-apply for evidence drawn from telematics technology when building fraud prosecution cases, according to partners at law firm Berrymans Lace Mawer.
Fraud 2012: App fraudsters 'going back to basics' to beat security
The role of brokers in weeding out application fraud is to grow as improvements to online security drive fraudsters back to phones and branches, according to a panel of industry experts.
North of the border: Longtail liability test
Local authorities glimpse significant savings in a mesothelioma judgment that is likely to be appealed, says Kate Donachie.
Alesco recruits Aon construction specialist
Energy insurance broker Alesco has appointed Aon's Alison Baker as a risk and insurance power construction specialist.
European financial services firms struggling to create paperless offices
A new study ahead of World Paper Free Day on 25 October suggests that the paperless office remains beyond the reach of many European firms.
European insurers still not transparent on exec pay and tax havens, claims report
Analysis of 31 European banks and insurance companies in four areas of corporate social responsibility has found that nearly 50 points separate the best and worst scores.
Aviva among top firms for corporate social responsibility
Aviva is ranked fifth among European financial services firms for corporate social responsibility, according to a new report.
Aviva's Spencer admits Lloyd's re-entry still possible
Aviva’s new chief executive of general insurance in the UK & Ireland hopes to stay in his new role for at least three to four years in a bid to bring some continuity to the business he joined 17 years ago.
S&P affirms Axa Ireland rating
Standard & Poor's has affirmed its 'BBB+' long-term counterparty credit and insurer financial strength ratings for Axa Ireland.
Cooper Gay targeting acquisitions by end of the year following Lightyear deal
Cooper Gay Swett & Crawford is aiming to make acquisitions by the end of the year after private equity firm Lightyear Capital took a 55% stake in the company.
Editor's comment: Causing tremors in the industry
You don’t have to look far for evidence that a ‘blame culture’ is spreading in our society, but there are surely few examples as alarming as the manslaughter convictions of six Italian scientists who failed to predict that a deadly earthquake would…
ILGS ignores what claimants do with damages, says Kennedys
The current use of index-linked government stock ignores the reality of what claimants do with their damages, according to law firm Kennedys.
Argo expands treaty offering with Lloyd's platform
Argo Group International Holdings is expanding its offerings in the international casualty marketplace with treaty reinsurance business written through Lloyd's.
Willis sees Q3 net income halved
Willis' financial results for the third quarter show a drop in net income of more than half.
Metal thefts from churches fall 60%
Ecclesiastical has claimed a victory in the battle against metal theft after recording a 60% drop in the number of insurance claims for the theft of lead and other valuable metals.
Willis Q3 results hit by disposal of Indian operation and JV settlement
Willis has revealed that its third-quarter net income was hit by an $11m charge related to a settlement with a former joint venture partner in India and the related $1m loss on disposal of the India operations.
Chinese insurers given green light to invest in 45 new countries
China's Insurance Regulatory Commission has widened overseas investment options for its domestic insurance sector.
RMS heralds Insurance Institute of China appointment
RMS Beijing has been appointed as a member of the Insurance Institute of China by the eighth board of directors, with RMS' Dr Hang Gao serving as a new director.
Spencer aims for consistency at Aviva
Robin Spencer, Aviva's recently appointed chief executive of general insurance in the UK & Ireland, has outlined his desire to bring stability and growth to the business.