News
Sandy to cost Swiss Re $900m
Swiss Re has estimated that its claims burden from superstorm Sandy will cost $900m, net of retrocession and before tax.
Aviva policyholder action group slams 'ancient regime' as Moss’ NEDs stay on board
The Norwich Union Policyholder’s Action Group has criticised Aviva for retaining the four non-executive directors who sat on the board during former chief executive Andrew Moss’ tenure.
UK flood damage could top £1bn in 2012, says PWC
British insurers face the worst year of flood claims since 2007, and costs are likely to be passed on to customers, according to PWC.
GAB Robins receives claims from Wales after overnight flooding
GAB Robins has received several weather-related claims from north wales and south west England as the stormy weather continues to batter the country.
Five suspected insurance fraudsters arrested in Sunderland
Northumbria Police have arrested five suspected insurance fraudsters after a search at an accident management company in Sunderland.
Study could pave way for insuring CSS risks
A group of insurers claim to have found a way to remove barriers to the development of Carbon Capture and Storage technology in Europe, paving, paving the way for more effective action to prevent climate change.
RPC swoops for Lockton lawyer
City law firm Reynolds Porter Chamberlain has recruited Lockton international general counsel Charley Taggart.
Aviva warns on storm forecast
Storms and flooding are set to continue into the weekend across the UK, Aviva has warned, with the south west and Wales bearing much of the brunt.
DLG could dispose of unprofitable assets, analyst warns
Analysts at Investec have warned that Direct Line Group could offload parts of the business not delivering adequate profits in an attempt to boost performance.
Ace underwriter Wickens joins Axa
Axa Commercial Lines and Personal Intermediary has appointed Adam Wickens as senior management liability underwriter.
NIG signs up to brokers leadership programme for second year
Commercial insurer NIG will run its First Future Leaders talent and training scheme for a second year in 2013, following the program’s "successful" launch this year.
Insurance Fraud Bureau hunting for permanent director
The IFB is recruiting for a permanent director to replace Phil Bird as part of the "second phase" of a three-year plan.
Insurecom inks Purely distribution deal
Software house Insurecom has completed a deal to become the first distributor of revived insurer Purely Motor's private car and commercial vehicle products.
Chubb named Underwriting Service Awards Team of the Year
LV and QBE scooped two awards each at Post's third annual Underwriting Service Awards last night, beating Hiscox, RSA and Allianz.
Axa to 'release' Taiwan staff
Staff in Axa's representative office in Taipei will be let go by the end of 2012, a spokesperson said today.
Head hunters appointed to find new Biba chief executive
The British Insurance Brokers' Association has appointed head hunters Per Ardua Associates to find a replacement for chief executive Eric Galbraith.
Weather claims rise for Crawford
Crawford & Company has seen a 27% rise in claims numbers after flooding in the south of England.
Robotics and home working to be future face of SMEs
A business revolution is to change the landscape for small and medium enterprises over the next 50 years, according to new research from Zurich.
Environment Agency issues 86 flood warnings
The Environment Agency issued 86 flood warnings today after torrential rain flooded the south of England.
FUEDI and CILA to demand IMD II clarity from Europe
The Chartered Institute of Loss Adjusters is becoming increasingly frustrated at being left in the dark as to how the "light touch" Insurance Mediation Directive will affect its members.
Contractors body loses £26m in Lloyd's syndicate investment
The Electrical Contractors' Association has lost around £26m after investing in a Lloyd's of London syndicate.
Markerstudy due to complete twin acquistions
Gibraltan underwriter Markerstudy is hoping to complete two purchases by the start of December.
Insurance enquiries up 2000% after Dubai tower fire
Insurers in Dubai have seen a 2000% spike in insurance enquiries following a fire in the Jumeirah Lakes Towers district this week, Gulf News reported.
Swiss Re expects to insure 12 million Chinese through cancer scheme
Swiss Re has teamed up with pharmaceuticals company Roche Holdings to improve insurance provision for cancer suffers in China.