News
IUA report raises concerns over cover for eco losses
Insurance cover for environmental losses is often incomplete or even non-existent without a dedicated policy in place, according to a research paper from the International Underwriting Association.
Insurance Fraud Bureau signs up Tradewise in fraud fight
Claims and policy data from Tradewise Insurance Services will be added to the 130 million records interrogated by analysts from the Insurance Fraud Bureau.
Discount rate must reflect investor reality, says Kennedys
Discount rate rules should be adjusted to reflect the fact that claimants can claim better returns through investment, according to law firm Kennedys.
LAS Claims rebrands Waylett after 2011 acquisition
LAS Claims is to further integrate Bristol-based specialist surveying business Waylett by rebranding the business.
Aviva board backed in AGM vote
Aviva has avoided a repeat of last year’s shareholder revolt at its annual general meeting, with the positions of its board validated by investors.
RSA launches private client offering
RSA is to launch a private client division that will be based in Chipping Norton with a regional presence across parts of the UK.
Quindell shares plummet on Accident Advice Helpline concerns
Shares in outsourcer Quindell Portfolio fell 28% yesterday just two days after the firm announced a huge increase in year-end profits.
Catlin reports 12% GWP hike in cat-free quarter
Catlin has reported a 12% increase in gross written premium to $1.84m in the first quarter of the year compared to the same period in 2012 (Q1 2012: $1.64m).
Indian banks may need independent broking arm
An Insurance Regulatory and Development Authority report suggests a bank's broking unit will have an independent accountable unit.
Crawford's Q1 profits rise 60%
Loss adjuster Crawford has seen a healthy rise in earnings for the start of the year.
Allianz's Ankel returns to Asia
Alexander Ankel is to move from being CEO of Allianz Turkey to head of Asia for Allianz Global Corporate & Specialty.
Engine failure suspected in Genoa ship crash
Early indications suggest that the ship which crashed into a control tower at Genoa’s port yesterday may have suffered an engine failure.
ABI backs Riot Damages Act review
The Association of British Insurers has come out in favour of the Riot Damages Act review announced today.
Kennedys swoops for Norton Rose marine specialist
Law firm Kennedys has continued its recent hiring spree with the recruitment of David McKie from Norton Rose.
Xuber unveils analytics kit for commercial lines insurers
Xchanging’s insurance software arm, Xuber, has launched a new toolset to provider commercial lines insurers with insight into their business.
SSP partners Wunelli on whole market telematics offering
Technology firm SSP and telematics provider Wunelli have jointly launched what they describe as the first smartphone pay as you drive offering available through high street brokers.
Gable to offer Italian bonds
Gable Holdings has launched its first product in Italy, providing bonds for companies bidding and undertaking work for state and public corporations.
Liberty signs cricket sponsorship deal
Broking partners of Liberty Mutual Insurance can look forward to invitations to test matches after the insurer was appointed as an official sponsor of cricket grounds for 2013.
R&Q recruits two to high-net-worth MGA
Randall & Quilter’s high net worth managing general agent Synergy has recruited underwriters from Chubb and Gallagher Heath.
Argo names Amlin’s Harris MD of Lloyd's operations
Argo International has recruited Amlin’s former chief operating officer to head up its Lloyd’s business.
Post's Leigh Jackson and Callum Brodie acclaimed at Headlinemoney awards
Post journalists and its social media output were acclaimed at a prestigious awards do last night.
Gallagher backs Gable Italian launch
Gable Holdings has partnered with Arthur J Gallagher International to launch its first product in Italy.
Beazley records 11% Q1 premium increase
Growth in the marine division has seen Beazley record gross written premiums up 11% to $518m (£333m), increasing from last year’s Q1 total of $465m.
Expertise in Action: The problem of claims fraud
Fraud continues to be one of the biggest problems facing the insurance industry with wrongdoers adding an estimated £44 to the cost of the average policy bought by honest consumers.