News
Analysts predict 'superstorm' Sandy will strike primary insurers hardest
Lloyd's will avoid major losses relating to 'superstorm' Sandy, if early estimates that the primary insurers will absorb the bulk of the losses are correct.
Insurers fight back against riot response 'spin' claims
The Association of British Insurers has hit back at the London Assembly's "disappointing" and "meaningless" report on insurers' handling of last year's riots, arguing that it fails fully to understand the complexities of the claims handling process.
Crawford and Webb leave Davies
Davies chief executive Charles Crawford has left the firm along with recently appointed chief operating officer Andy Webb.
Caribbean cat risk report issued on Sandy
The Caribbean Catastrophe Risk Insurance Facility has issued a risk report after two of its members, Jamaica and the Bahamas, were hit by tropical cyclone Sandy.
GC develops industrial park database after Thailand losses
Guy Carpenter has developed a database of industrial estates in China, Taiwan, Thailand and Indonesia to help clients identify and evaluate potential risks in the region.
Hill Dickinson warns on non-claiming frauds
Data from unpursued claims should be better used to combat future fraud, according to commercial law firm Hill Dickinson.
Sandy could cost insurers $15bn
Insured losses from storm Sandy to properties in the US are expected to be between $7bn and $15bn, according to catastrophe modeling firm AIR Worldwide.
Aviva and Gallagher strengthen ties
A new commercial arrangement between Aviva and Gallagher Heath for standard and non-standard household products is expected to generate more than £200m in gross written premium over a three-year period.
Haste appointed Lloyd's deputy chairman
Former RSA chief executive Andy Haste has been unveiled as Lloyd's' new deputy chairman for a three-year term from 1 November.
Howden recruits claims head for international casualty
Howden Insurance Brokers is pleased to announce the appointment of Martin Owens as claims director for its financial institutions and international casualty divisions.
Aviva engineering team joins Fusion
A team of senior engineering underwriters and development professionals has left Aviva to join Towergate-owned Fusion Insurance Services.
Xuber targets bigger US market share following latest appointment
Xchanging's re-launched insurance software business Xuber has appointed Michael Kulp as vice president of sales, where he will join the recently expanded US sales team amid plans to increase the firm's share of the American market.
Howden poaches Paragon International claims director Owens
Howden Insurance Brokers has appointed former Paragon International claims director Martin Owens as claims director for the firm's financial institutions and international casualty divisions.
APC to take plunge into specialist motor underwriting market
APC is preparing to move into the specialist motor underwriting market with the launch of a public hire taxi product early next month.
"Largest Atlantic hurricane on record" could bring losses of up to $15bn, warns AIR
Insured losses from Sandy to onshore properties in the US will be between $7bn and $15bn, AIR Worldwide has estimated.
Coface appoint Bourgeois to replace outgoing MD
Credit insurer Coface has found a replacement for UK & Ireland MD Xavier Denecker in the shape of Frédéric Borgeois, group finance and reinsurance director.
Top five Asian news stories
The top five Asian news stories on www.insuranceinsight.com over the past seven days.
Storms and strikes among biggest concerns for insurers
Catastrophic acts of violence, mining strike contagion, unexpected 'perfect storms' and a nation paralysed by cyber terrorism are among the biggest risks facing the insurance industry, according to Willis Group.
Sandy heading for Pennsylvania and Canada
After making landfall on the east coast on Monday night, post-tropical cyclone Sandy is forecast to head towards Canada via Pennsylvania and New York State.
Sandy wreaks havoc in New York subway
The New York subway faces unprecedented challenges after flooding caused by post-tropical cyclone Sandy.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Law firm warns of Sandy coverage gaps
Insurers may struggle to define causes of damage following Sandy's landfall in New York, while the duration of the storm could limit reinsurance cover.
Munich Re Foundation report highlights 200% rise in microinsurance
A new study of African microinsurance markets, published by Making Finance Work For Africa and Munich Re Foundation, found that the number of low-income households benefiting from insurance services has grown by over 200% in three years to more than 44…
Zurich to re-launch HNW travel product before end of the year
Zurich has revealed plans to re-launch its high net worth travel insurance product, in a move which coincides with the 10-year anniversary of the firm's Zurich Private Clients HNW business.