News
Deakin unveils Gallagher UK retail restructure
New UK retail CEO Janice Deakin has revealed her management team at Arthur J Gallagher, promoting Phil Branch to chief operating officer, while also creating three new area managing director roles.
Insurers could struggle to defend meso claims following 'landmark' ruling
Insurers may find it harder to defend asbestos claims, following a ‘landmark’ Supreme Court ruling, according to the Forum of Insurance Lawyers.
Hurricane Gonzalo to cost insurers up to £250m, says AIR
Hurricane Gonzalo could result in up to $400m (£250m) of insured losses according to catastrophe modeller AIR Worldwide, after landing in Bermuda on 17 October
Global Federation of Insurance Associations gives ICA's Whelan executive role
Robert Whelan, executive director and CEO of the Insurance Council of Australia, has become the membership executive at the GFIA.
Motor sector set to report loss for 2014 as claims return to pre-Jackson levels
Towers Watson report says reserve releases unlikely to continue
Technology is a "huge equalizer" for smaller insurers, claims Alfa VP
Good data usage is a great leveller when it comes to insurance, and if done well it can help smaller players compete with larger established rivals.
Northern Ireland firm's contact centre creates 49 jobs
Northern Ireland business Lakeland Trading Solutions has set up a contact centre in Enniskillen creating 49 jobs over the next three years.
Didcot power station loss 'preventable' says FM Global
The majority of the loss emanating from the fire at Didcot B Power Station over the weekend was preventable with better risk management, according to FM Global.
IFB strategic plan could take 'beyond five years' to implement
Insurers are unlikely to reap the benefits of a centralised fraud data hub in the near future, with the Insurance Fraud Bureau's expansion plan expected to take more than five years to implement.
Fitch warns of Towergate downgrade if cost-saving measures fail
Fitch Ratings has cast doubt over Towergate's ability to execute its change programme in the wake of group CEO Mark Hodges resigning.
Home premiums down by 3% over Q3
Home insurance prices are continuing to fall, according to the latest figures from The AA, with reductions wiping £20 off an average combined buildings and contents policy over the last year.
Kerry London MD Pay exits
Broker Kerry London has confirmed that managing director Nick Pay has left the business after just over a year as managing director.
Thames Underwriting moves business onto Applied software
Thames Underwriting has chosen Applied Systems technology to move its business processes onto one management system.
Axa launches new online PI facility for SMEs
Axa extends its growth into professional indemnity market with new online product launch
Ecclesiastical appoints Brown to new church and heritage role
Heritage specialist Ecclesiastical has appointed Andrew Brown into a newly created role of church and heritage claims director.
Quindell sees share price rise 15.6% after 'major' Canadian deal
Business outsourcing firm Quindell has seen its share price rise 15.6% on the back of a new five-year deal with a ‘major Canadian insurer’.
CII stresses importance of professional development in China
Mark Greenwood, regional director Asia-Pacific at the Chartered Insurance Institute, urged delegates at the Claims Club Asia in Shanghai to embrace professional development.
Cyclone Hudhud could trigger $400m of insured property claims, says AIR
Catastrophe modeler AIR Worldwide expects the deadly cyclone which hit East India on 12 October to cost between $100m and $400m of insured property claims.
Canopius appoints engineering underwriter in Singapore
Specialty (re)insurer Canopius has recruited SART Underwriting's Ching Hong Onn following the extension of Lloyd's Construction Consortium to Singapore.
Motor premiums ‘bounce’ to 1.2% increase says AA
Average motor premiums have increased by 1.2% according to the latest figures from the AA, which described the increase as rebound "off the bottom".
Mutual insurers welcome potential funding and M&A boost from new Bill
Bill could mean mutuals get level playing field with shareholder-based insurers
Towergate tipped to sell off parts of the business in wake of Hodges resignation
Change programme and debt are consolidator’s main challenges after departure
Insurers need to replicate Amazon model to attract young customers
Insurers need to think and act more like Amazon if they are going to engage with a new generation of connected customers.
BP Marsh admits Besso exit plan
BP Marsh CEO Brian Marsh has told Post the firm expects to exit its investment in Besso as the Lloyd’s broker seeks to continue its growth.