News
Cunningham Lindsey under instruction following helicopter crash
Cunningham Lindsey has confirmed it is one of the loss adjusters on the scene following the tragic helicopter crash in Glasgow, which claimed the lives of nine people.
Amlin UK's CEO to retire in 2014
Amlin UK’s chief executive Brian Carpenter will be retiring in 2014.
Ironshore Australia and Inter Hanover announce M&A agreement
Ironshore Australia has reached an agency agreement with Inter Hanover for M&A insurance business primarily emanating from Australia and New Zealand.
KPMG audited Towergate throughout client money failures
Big four professional services firm KPMG served as Towergate’s external auditor during a four year spell in which the broker misallocated £15m.
China pipeline explosion sees ¥4.6m in claims
The China Petroleum & Chemical Corporation has received an estimation of ¥4.6m ($755 000) in claims from an oil pipeline explosion in Qingdao province, according to the China Insurance Regulatory Commission.
Outlook for Taiwanese non-life insurers stable, according to Fitch
Taiwanese non-life insurers have a stable sector outlook supported by strong capital buffers and satisfactory underwriting performance, according to ratings agency Fitch Ratings.
Prism Network predicts drying service will cut claims’ lifecycles
Disaster recovery business Prism Network has launched a drying service it predicts will improve insurer claims’ lifecycles from an average of 50 to 20 days on domestic claims up to £10 000.
Lloyd's appoints DCS Global as ECF conversion supplier
Triton Global’s claims division DCS Global has been selected by Lloyd’s as its preferred supplier to enable the market to optionally convert many of its 33 000 remaining paper claims files to electronic claims files.
New PI business to be launched by ex-Towergate team
A former Towergate employee is to launch a Sheffield-based professional indemnity underwriting business called The PI Desk.
Ex-pilot Matcham promoted to head of aviation at Alan & Thomas
Alan & Thomas Insurance Group has appointed Peter Matcham as head of aviation insurance at the Dorset-based firm.
Aon Benfield subsidiary launches flood cat model in Netherlands
Aon Benfield’s catastrophe modelling centre has launched a model to understand the financial impact of flood damage in the Netherlands for property and motor.
Beazley unveils upgraded D&O cover
Beazley has broadened its directors and officers cover to include regulatory investigations and inquiries.
SRA urged for clarity on successor practices
Personal injury firm SGI Legal has called on the Solicitors Regulation Authority and professional indemnity insurers to issue ‘proper’ guidance on when those buying work-in-progress will be considered a successor practice.
Markerstudy closing Capita purchases on Wednesday
Markerstudy has received regulatory approval for its purchases of BDML Connect, Lancaster Insurance Services, Delta Underwriting Agency, Hero Insurance Services and Sureterm Direct.
Allianz launches enhanced tech PI product
Allianz Global Corporate & Specialty has launched an upgraded professional indemnity cover for of up to €20m (£16.5m) technology companies, software creators and telecommunications suppliers.
Apprenticeships gaining popularity in insurance sector, CII survey finds
More than half of employers in the insurance sector are willing to take on an apprentice, a Chartered Insurance Institute survey has found.
Insurance executive faces investigation by China’s discipline commission
An executive at state-owned Chinese insurance firm China Export and Credit Insurance Corporation is being investigated by the country’s corruption body.
DAC Beachcroft opens local Columbian office
Law firm DAC Beachcroft has established a local presence in the Columbian market, following its merger with insurance practice, De La Torre & Monroy Abogados Asociados.
Pembroke to target €73m of premium with new Lloyd's syndicate
Bermudian insurer Ironshore’s Pembroke Managing Agency has received formal approval from Lloyd’s to manage a new syndicate for the 2014 year of account.
Investigation underway into Scotland helicopter crash
At least nine people are known to have died after a police helicopter crashed into the roof of The Clutha pub in Glasgow, Scotland on Friday night.
IFB and Crimestoppers launch ‘crash for cash’ campaign
The Insurance Fraud Bureau and Crimestoppers have launched a camping highlighting the crash for cash hotspots and appealing for information on those making bogus claims.
Cunningham Lindsey targeting 20% annual growth in TPA turnover
Loss adjuster Cunningham Lindsey is hoping to boost UK turnover from third party administration services by 20% year-on-year for the next four years.
Investigation underway into fatal helicopter crash
At least nine people are known to have died after a police helicopter crashed into the roof of The Clutha pub in Glasgow on Friday night.
Pembroke to target £60.5m of premium with new syndicate
Ironshore’s Pembroke Managing Agency has received formal approval from Lloyd’s to manage a new syndicate for the 2014 year of account.