News
Insurance buyers warned of "lone wolf" attacks as terrorism threat changes
Several of the world’s long-established terrorism insurance schemes were set up to deal with a different terrorism threat than is predominant today, according to a new technical guide produced by Airmic, in collaboration with Willis.
Wood steps down as UK MD as Ecclesiastical reveals management shake-up
Ecclesiastical has unveiled a host of changes to its management structure and leadership team, which has seen the group’s UK general insurance managing director Steve Wood exit the firm.
Charles Taylor targeting UK adjusting growth
Charles Taylor is looking to expand adjusting operations in the UK company market group, chief executive David Marock told Post today.
Esure to be confirmed as FTSE 250 member
Esure is expected to be confirmed as a member of the FTSE 250 at the index series’ quarterly review this evening.
Hertz buys accident management firm CCL
UK Car rental giant Hertz has entered the UK replacement vehicle market with the acquisition of Dorset-based accident management provider CCL.
Accenture reports 10% rise in fraudulent insurance claims in three years
More than two-thirds (71%) of claims executives at European property and casualty insurance companies have seen an increase in the number of fraudulent claims over the past three years, according to Accenture.
Accenture finds fraudulent insurance claims rise 10% in three years
More than two-thirds (71%) of claims executives at European property and casualty insurance companies have seen an increase in the number of fraudulent claims over the past three years, according to Accenture.
Towergate names Ryan Brown as its new M&A director
Towergate has moved to replace Davies-bound Dan Saulter with the appointment of Ryan Brown as M&A director.
Giles CFO blames ownership structure for debt increase as backer seeks sale
Analyst confident potential buyers won’t be put off by financial results
Integro confirms departure of international division bosses
Integro has confirmed the departure of the co-heads of its international division Ron Whyte and Julian Samengo-Turner.
Anti-fraud software could lead to 3% combined ratio reduction
A software firm claims it can reduce UK insurers’ combined operating ratios by up to 3% by tackling motor and liability insurance fraud with predictive analytics.
Insurers split over police’s burglary notification plan
Scheme developed to help reduce victims of crime
Generali CEO Greco says it is still interested in Latin America despite Mexican disposals
The Generali Group has signed an agreement with Grupo Financiero Banorte to sell its 49% minority stakes in the Mexican companies Seguros Banorte Generali and Pensiones Banorte Generali for a total gross consideration of $857.5m (€649m).
European non-life premiums up 3% in 2012 to €459bn
New figures published today by Insurance Europe show a provisional increase in total European gross written premiums of 1.6% at constant exchange rates in 2012. This follows a decline in premiums of over 2% in 2011.
Lords: Independent body must oversee mesothelioma compensation scheme
Labour MPs criticise unfair start date that excludes half of all sufferers
Randall & Quilter upbeat ahead of AGM
Randall & Quilter's first half financial result is expected to be in line with the board's expectations, according to chairman and chief executive Ken Randall.
FCA tells sector to change its ways in motor legal expenses insurance review
Industry reacts to recommendations including opt-in sale of MLEI cover
Airmic 2013: Language shift needed to raise supply chain awareness says FM Global
Risk managers need to overcome “misleading terminology” that leads company directors to underestimate their natural catastrophe exposure, according to Stefano Tranquillo.
Swiss group Baloise to close Bremen and Nuremberg offices with 400 job cuts
Baloise is to close two German offices with the loss of up to 400 jobs.
Pet insurers pay out £1.2m a day
Pet insurers are paying out £1.2m every day to cat and dog owners according to the latest figures by the Association of British Insurers.
Airmic 2013: Resilient companies “engage with staff”
Companies that have a culture of risk awareness and are open with their staff are the best equipped to deal with crisis, research by the Cranfield Business School has revealed.
Airmic 2013: Risk management reporting “opaque”
Companies should be much more open about the way they report their risk management activity, Airmic and the Institute of Chartered Secretaries and Administrators has urged.
Firms struggling to manage their supply chains warns Airmic
Companies are finding it increasingly difficult to control their supply chains at a time when the cost of failure is higher than ever, according to risk management association Airmic.
Airmic 2013: Non-disclosure tops buyer concerns
The possibility that claims may not be paid due to innocent non-disclosure is the top concern of Airmic members, research has revealed.