News
Marchington aims high with new broker
Andrew Marchington's start-up broking venture Highworth Insurance is aiming to achieve £5m to £10m gross written premium within three years, targeting the mid to high net worth and non-standard home insurance market.
Law report: Judge's decision reflects court's reluctance to depart from 2.5% discount rate
Law reports contributed by law firm Berrymans Lace Mawer.
Law report: Inconsistent accident account sees injury case thrown out
Law reports contributed by law firm Berrymans Lace Mawer.
Law report: Res ipsa loquitur case fails
Law reports contributed by law firm Berrymans Lace Mawer.
Market moves: Twice is nice for JLT as broking sector leads the way
This week belonged to the broking sector, with JLT adding added new staff to its speciality and reinsurance arms. There were also moves in the intermediary space for BGL, Miller and Towergate.
Cooper Gay partner Marnix to target Japanese reinsurers
Cooper Gay has signed a deal with Marnix Corporation, the broking unit of Japanese conglomerate Marubeni, to target clients in Japan's treaty reinsurance market.
AIG on-risk for helicopter crash as Crawford investigates
Crawford & Company will handle claims arising from the fatal helicopter crash in south west London this morning.
Wunelli analysis uncovers UK speeding specifics
Analysis carried out by telematics firm Wunelli has uncovered new insight into when, where and in what vehicles people are most likely to exceed the speed limit.
Cooper Gay completes Lightyear deal
Cooper Gay Swett & Crawford has confirmed that its investment agreement with Lightyear Capital has completed.
Gallagher lines up Barbon as next acquisition target
AJ Gallagher is closing in on a deal to acquire Barbon Insurance Group, Post understands.
European Parliament clamps down on rating agencies
Rating agencies' shareholdings in rated firms are to be capped to reduce conflict of interest under new rules approved by the European Parliament.
Insurance Council of Australia: Tasmania fires the 'start of what's to come'
The Insurance Council of Australia has warned that the country could be in for a difficult fire season, after fires ravaged Tasmania and the mainland and caused tens of millions of dollars in insured losses.
In-demand Digital Animal resists buyout offers as insurers form queue
An emerging digital marketing firm claims that it has rejected several buyout proposals from insurers after reporting an "unprecedented rise" in the number of industry players contemplating social media-driven distribution channels.
European Parliament clamps down on rating agencies
Rating agencies are to have their shareholdings in rated firms capped to reduce conflict of interest under new rules approved by the European Parliament.
Insurers should have been prepared for 2011 cat losses, says AIR
Insured losses in 2011 from global natural catastrophes exceeded $110bn, according to industry sources, the second highest figure ever recorded.
Insurance industry 'not ready' to scrap motor insurance certificates
Direct Line Group has backed the views of insurance industry bodies calling for more research before the government pushes ahead with proposals to scrap motor insurance certificates.
Two thirds of German homes not covered for natural hazards
Over two thirds of householders in Germany are not insured against damage by extreme weather conditions, according to Munich Re's primary insurance arm Ergo.
Browne Jacobson poaches DAC Beachcroft partner Roberts
Defendant personal injury law firm Browne Jacobson has appointed former DAC Beachcroft partner and operations manager Ailsa Roberts as a partner.
Loophole allows Iran to charter India-insured vessel
The National Iranian Tanker Company has chartered a vessel covered by India's state-owned insurers, taking advantage of a loophole in the policy.
Piracy falling but seas off East and West Africa remain dangerous
Piracy on the world's seas has reached a five-year low, with 297 ships attacked in 2012, compared with 439 in 2011, the International Chamber of Commerce International Maritime Bureauglobal piracy report revealed today.
Rising kidnap risk amid Eurozone unrest
The rising risk of abductions as a result of social unrest in the Eurozone is creating opportunities for insurers specialising in kidnap and ransom policies.
Insurance "integral" to improving global food security
Agricultural insurance is "indispensable" for managing agricultural risks, and key to increasing agricultural production, according to Swiss Re.
RSA unveils commercial crime protection policy
RSA has launched a commercial crime protection policy which provides insurance for businesses against fraud, dishonesty or malicious acts.
RSA names head of sold Dutch Caribbean unit as Hong Kong CEO
RSA has appointed its former Dutch Caribbean boss as chief executive of the firm's Hong Kong business following the confirmation in December that it will sell the business to Fatum General Insurance.