News
In conversation with Zurich: Corporate underinsurance for plant machinery repair and replacement
There have been a number of surveys that have highlighted underinsurance in the corporate market, with a heavy emphasis on business interruption and property reinstatement. But another insurable cost is often over-looked, that of plant machinery repair…
Zurich appoints Bouchard head of government and industry affairs
Zurich Financial Services Group has appointed Francis Bouchard as the group head of government and industry affairs, with effect from 1 April 2012.
Warehouse fire causes disruption
Over 100 residents from 30 properties have been forced to leave their homes following a fire at a Gloucestershire warehouse.
RDT launches Iphone app
RDT said its new Iphone and Ipad application delivers landscape business managers with real-time management information direct to their mobile device.
Barclays general insurance complaints soar
Barclays has reported an increase in general insurance complaints, from 38 187 in the first half of 2010 compared to 73 692 for the same period in 2011.
DLA Piper recruits William Marcoux from Dewey & LeBoeuf
Law firm DLA Piper has hired former Dewey & LeBoeuf executive committee member William Marcoux as partner and head of its insurance sector transactions and regulation practice.
LMA and government reach agreement on export licences
The Lloyd's Market Association has reached agreement with the UK government to speed up the authorisations Lloyd's and other London market underwriters need to insure the international movement of weapons and military equipment used by the United Nations.
UK General signs £22m worth of new scheme deals
UK General has signed 11 new schemes deals during the past three months as it continues to grow its presence in the UK schemes market.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m) for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m)for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
HCC COR jumps to 90.8%
The full year results for HCC Insurance Holdings show net written premium up to $2.2m (2010 : $2m).
SSP looks to 'transform' market with new cloud-based quotes hub
SSP bosses believe a combination of the firm’s brokers accounting for more than 50% of the private motor market and the integration of a new cloud-based quotes hub will “transform” the intermediated personal lines market.
First Insurance reports 25% premium growth
Jordan-based takaful provider First Insurance Cpany reported premium growth of 25% in its full year results for 2011.
Collaboration key to tackling Malaysian motor fraud
Collaboration is needed between insurance practitioners, adjusters and motor workshops in to improve fraud detection in Malaysia’s motor industry, according to industry sources in the region.
Zurich makes two international promotions
Zurich has made two new appointments in its commercial market sector in Canada, and in the North America-based financial services group.
Willis calls for insured reputation cover
Willis has said a staggering 95% of major corporations have suffered at least one major reputational crisis in the past 20 years, but that less than 10% of these events are insurable.
Willis Re issues Solvency II OSRA guide
Willis Re has released a report discussing the function and contents of the Own Risk and Solvency Assessment under Solvency II, warning that it remains a challenge for insurers of all sizes.
Aon Risk Solutions expands reach of Manchester boss Kielty
Aon Risk Solutions boss Jane Kielty has seen her remit extended to include heading up the Leeds and Sheffield operations of the firm's corporate business.
Riverbourne administrator expects sale soon
Cobra Network broker Riverbourne looks set to be sold as a going concern to get it out of administration, one of its joint administrators has told Post.
Carole Nash hands long-serving employee Baker marketing role
Motorcycle insurance specialist Carole Nash has promoted Nick Baker to the newly created position of director of products and marketing.
AM Best gets green light for Dubai branch
Ratings agency AM Best is to open an office in the Dubai International Financial Centre in Dubai, UAE, after receiving the necessary regulatory and legal approval.
European Council introduces rule to limit short selling in crisis situations
The European Council has adopted a regulation designed to restrict short selling and certain aspects of credit default swaps in situations where there is a threat to financial stability.
Indian shipping firms may look to China for insurance
Indian shipping companies may turn to China in their struggle to find replacement insurance coverage when EU sanctions on Iranian oil come into force.
Quarter of Indian consumers think life insurance is not important
Insurers in India face an uphill struggle to persuade consumers of the need for life insurance, a recent study indicates.