News
Markel International hires professional risks specialist
Markel International has appointed Bhavik Desai as an underwriter in its professional and financial risks division.
Marsh appoints new head of UK private client services
Marsh has promoted Richard Moxon from senior client manager to leader of its UK private client services division.
Insurers need to prepare for 3D printing revolution
3D printing is set to transform the insurance market as brokers and insurance firms grapple with new concerns around professional indemnity, product recall and product liability risks, according to a report by law firm Mayer Brown.
Q-Re appoints new management team
Q-Re has recruited a new management team, following the appointment of chief executive officer Gunter Saacke in February.
Lloyd’s consortium has construction covered
Four construction risks syndicates in the Lloyd’s market have joined forces to offer underwriting capacity of up to $166m (£108m), in a move that seeks to place the consortium at the forefront of insuring the largest construction risks in the world,…
Jelf buys The Insurance Partnership
Jelf has completed a deal to acquire Yorkshire-based regional broker The Insurance Partnership.
Markel adds professional indemnity underwriter to its team
Bhavik Desai has joined Markel as an underwriter in the insurer’s professional and financial risks division.
Sterling Insurance enters partnership with Questgates
Questgates is to act as the liability claims department of Sterling Insurance.
Quindell stresses strength in face of sliding shares
Outsourcer Quindell has attempt to arrest its declining share price by boasting the strength of its balance sheet.
Co-op rated “junk” by Moody’s
Moody’s has downgraded the Co-operative Bank’s debt rating to “junk” status, warning the bank may need “external support”.
Floods affect over 1m in China
Floods in the provinces of Jiangxi, Anhui and Hunan in China have killed six people and impacted 33 000 hectares of crops.
Starr International opens office in Manila
Hong Kong based Starr International Insurance (Asia) is opening a branch office in Manila to provide general insurance.
WHO issues virus warning
The World Health Organisation has said the novel coronavirus, which is similar to SARS, can pass between humans.
Ireland "needs to keep itself competitive" warns XL Re president
Ireland needs to maintain its favorable regulatory climate to retain its position as a reinsurance hub, the chief executive officer of XL Re has warned.
Ageas heralds the start of Groupama brand transition process
The Groupama brand transition to Ageas Insurance is underway.
Generali Q1 profit jumps 6.3%
Italy’s Generali reported an increase in first-quarter profit of 6.3%, boosted by higher earnings from its non-life insurance business.
Government introduces Mesothelioma Bill
The Government has introduced the Mesothelioma Bill which will pave the way for a ‘Diffuse Mesothelioma Payment Scheme’.
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.