News
Global power industry sees rising claims
The global power industry continues to see a steady rise in the number of large insured claims, putting pressure on the supply of global power at a time of rising demand and on the future of the industry itself, broker Marsh said a report published today.
Gerlach joins Uniqa's Romanian board
The Romanian subsidiary of Uniqa, Uniqa Asigurari de Viataum, has appointed Wolf-Christoph Gerlach to the new position of chief operating officer.
Large power industry claims on upward annual curve, says Marsh
The number of claims above $25m (£15.6m) emanating from the global power industry continues to rise annually, according to a Marsh report published today.
Chinese market must target sustainable growth
After a period of rapid expansion, the Chinese insurance market must adjust for sustainable and healthy growth, according to a report by AM Best.
RMS and NMB in catastrophe modelling partnership
Catastrophe modelling firm RMS and independent Lloyd's broker Newman Martin and Buchan have entered into a long-term partnership for modelling and data analytics.
MP faces ban after driving without insurance
Jon Cruddas, the Labour MP for Dagenham and Rainham, was arrested on suspicion of driving without insurance and valid MoT.
Renewable energy would generate growth, says RSA
Steve Kingshott, RSA's global director of construction, engineering and renewable energy, has called on the government to step up investment in renewable energy, arguing that it has a "critical role" to play in economic recovery.
UK non-life run-off market hit by "decade of decline", says KPMG
KPMG said in its 10th UK run-off survey that the size of the UK's non-life run off market is nearly 25% down over 10 years, while the active market has more than doubled.
Lodestar Marine picks up $400m in Lloyd's capacity
P&I underwriter Lodestar Marine has agreed a second capacity deal, more than quadrupling its available funds.
W R Berkley hands AML additional underwriting capacity
Managing general agent AML Underwriting has secured additional underwriting capacity from W R Berkley Insurance Europe and now plans to boost its broker base.
Cage begins work as CUO for Travelers Europe
Rob Cage has taken up the role of chief underwriting officer for Travelers in Europe, after joining from Chubb Europe, where he was active underwriter of Chubb's syndicate.
AM Best delivers verdict on 'under pressure' Spanish non-life sector
Spanish insurers could face deteriorating technical results as they compete on price, despite the sector chalking up a profitable 2011.
RNLI selects Coleman as broker
Coleman Insurance Brokers has been reappointed as broker to the Royal National Lifeboat Institution following a successful tender.
Reservation of rights agreement close, says Airmic
Risk management body Airmic is close to launching a model clause on reservation of rights that it hopes will limit disputes on insurance payouts.
Ace appoints environmental underwriter for Benelux and Nordic
Ace has promoted Lauretta Alberti to senior environmental insurance underwriter for the Benelux and Nordic region.
Vandalised Rothko painting can be restored
The Mark Rothko painting that was defaced at the Tate Modern on Sunday can be restored, according to Robert Read, head of art and private client at Hiscox.
TomTom strikes partnership with Zurich
Zurich Germany has chosen TomTom fleet management to provide telematics capability for its fleet intelligence product.
UK FSCS in talks over Lemma liquidation
The Financial Services Compensation Scheme is stepping in to help customers of Lemma Europe Insurance Company Ltd after declaring the firm in default.
Results deteriorating for Spanish insurers as crisis continues
The Spanish non-life insurance sector remained profitable in 2011, but growth remains challenging amid one of the bleakest economic environments since the 1930s, according to AM Best.
Jon Clarke to leave Jubilee
Jon Clarke, active underwriter for Lloyd's life Syndicate 779 at Jubilee Group Holdings, is to leave the business.
RSA faces Hillsborough disclosure calls
RSA is under pressure to disclose documents relating to the Hillsborough disaster, according to the Independent newspaper.
Deloitte appointed provisional Hill liquidator
Hill Insurance has seen Deloitte appointed as a provisional liquidator following withdrawal of approvals by the Gibraltar regulator.
Bernardino blasts "stagnation" in Solvency II talks
Gabriel Bernardino has condemned the "stagnation" in political talks to finalise Solvency II rules in a strongly worded letter to the European Union Commissioner in charge of regulation, Michel Barnier.
Cage takes post as Travelers CUO
Travelers has announced its new chief underwriting officer, Rob Cage, has started his new role having been appointed early in the year.