News
Barrister Fiona Neale moves to Hailsham
Clinical negligence and regulatory barrister Fiona Neale, pictured, is leaving 3 Serjeants' Inn to take up tenancy at Hailsham Chambers from 23 April.
Cooper Gay appoints Southwell as head of operations
Cooper Gay Swett & Crawford has appointed former Beazley and Willis employee Gavin Southwell as head of operations.
Microinsurance up as insurer interest rises
Microinsurance schemes worldwide now reach an estimated 500 million people.
Lancashire renews $350m of finance
Lancashire Holdings has arranged a $350m five-year letter of credit and revolving facility with Lloyds TSB for Lancashire Insurance Company.
March cat claims topped $1.1bn in the US
Reinsurance broker Aon Benfield has reported that US storms in March will cost insurers more than $1.1bn, while catastrophes hit Mexico and Australia as well.
Insurers and brokers challenged to join Prince's Trust charity bike ride
The Prince's Trust is calling on insurance companies to help tackle youth unemployment by taking part in the charity's fundraising bike ride, Palace to Palace.
China's P&I club halts cover over Iran sanctions
A major Chinese ship insurer will halt indemnity cover for tankers carrying Iranian oil from July, dealing a blow that narrows the insurance options for Tehran's main export already constricted by payment barriers caused by Western sanctions.
Colemont relocates to THB building in London
Lloyd's insurance broker Colemont is relocating to THB Group's building in Leadenhall Street, opposite Lloyd's, on 23 April.
Broadspire unveils double appointment for push into specialisms
Broadspire has confirmed the appointments of Clare Ginders and Pauline Rainey in a bid to expand its UK expertise into catastrophic case management and specialist vocational rehabilitation.
Japanese delegation visits Cunningham Lindsey for lesson in fraud detection
Cunningham Lindsey's Investigation Services recently hosted a visit from Japanese insurance industry representatives at the company's National Investigation Centre in Manchester.
Co-op claims telematics cut accident rates by 20% and cost of claims by 30%
Co-operative Insurance has reported a 20% drop in car accidents among young drivers using telematics.
Alvert appointed CEO for Mapfre Assistance
Pablo Alvert has been appointed CEO and regional director for Mapfre Assistance, the UK arm of Mapfre Asistencia.
Reinsurance rates in Asia Pacific rise at 1 April renewals
The major renewal date for the Asia Pacific region saw reinsurance rates increase as the market continued to work through the impact of the events of 2011, according to a briefing by Guy Carpenter.
Mapfre names Pablo Alvert as UK boss
Mapfre’s UK arm Mapfre Assistance has named Pablo Alvert as CEO and regional director.
Cooper Gay Australia promotes Calverley
Cooper Gay Australia has announced that Jon Calverley will take over from Peter Blunden as managing director with immediate effect, after Blunden "left to pursue other interests".
THB moves Colemont into its City home
THB has taken the first step towards integrating Colemont Insurance Brokers since both came under the ownership of Amwins by moving it to the THB Group's building opposite Lloyd's.
Jelf claims "positive start to the year"
Broker Jelf has issued a statement saying it "has enjoyed a positive start to the year" and continues to trade in line with expectations.
Guy Carpenter reports reinsurance rises
Research by Guy Carpenter shows reinsurance rates rose at the 1 April round of renewals as the market continues to work through the impact of the events of 2011.
AM Best downgrades Brit after QBE sale
Rating agency AM Best has downgraded the financial strength rating of Brit Insurance Limited to 'A- (Excellent)' from 'A (Excellent)' and the issuer credit rating to 'a-' from 'a' and placed the ratings under review with negative implications.
Market moves: Insurers lead Easter recruitment charge
As the industry heads into the Easter break, insurers are, once again, leading the way in the recruitment space.
Industry unveils older driver initiative as Direct Line follows LV's age limit stance
The decision by LV to scrap its age limit of 86 for new car insurance customers has struck a chord with industry bodies behind the launch of a new signposting model, yet market rivals appear largely unconvinced.
Police pay out, but insurers raise questions over BI cover and riot locations
Insurers are starting to receive payments from the police for losses incurred from last summer's riots, but one has called for improvement in the Riot (Damages) Act to cover business interruption losses.
Talks turn to Solvency II and IPO benefits as Project Noah claims wide support
The bosses behind the Project Noah flood solution believe proposals to establish a UK risk pool with £14bn of reinsurance capital could provide a crucial solvency boost for insurers with IPO ambitions.
Kidnapping now multi-billion dollar industry
Kidnaping for ransom has become a multi-billion dollar global phenomenon and is occurring more frequently in locations across the globe, according to a report by crisis assistance company, Red 24.