News
Garwyn: Portal extension could see drop-out rate soar to 80%
Garwyn's chief executive has estimated that up to 80% of claims could fall out of the RTA Portal if it is extended to employers' and public liability in its current form.
Charles Taylor to consider Merlin staff for new roles
Charles Taylor Company is in discussions with a number of ex-Merlin employees about potential new jobs in the business, following the demise of the loss adjuster earlier this month.
Charles Taylor sets timetable to boost international adjusting proposition
Charles Taylor Company has confirmed plans to enter the Latin America loss adjusting market before the end of 2012, just weeks after buying a majority stake in Saudi Arabia claims handling business Noble Inspection and Loss Adjusting.
Ergo at centre of further scandal over staff "rewards"
Munich Re owned primary insurer Ergo is once again courting controversy after reports that the firm paid for employees to visit a swingers' party in Jamaica and a brothel in Spain.
Houghton to leave Broker Network
Nick Houghton has resigned from the role of managing director at Broker Network, according to Insurance Age.
Further delays to Omnibus II
Omnibus II has been delayed again with the new date of implementation set at 20 November, Post understands.
Ocaso appoints Stemp as UK general manager
Spanish insurer Ocaso has named Tim Stemp as general manager of the UK arm.
Barbon promotes Armitage to director
Barbon Insurance Group has promoted Mark Armitage to director after group managing director Nick Sharp, pictured, resigned from the company.
China Taiping posts drop in H1 net profit
China Taiping Insurance Holdings posted reduced net profit of HK$536.67m for the first half of 2012, down from HK$792.4 in the previous year.
Charles Taylor posts rise in revenue for H1
Loss adjusting firm Charles Taylor reported an increase in revenue to £53.2m (H1 2011: £2.6m) in the first half of 2012.
LV Broker bolsters SME product range
LV Broker is relaunching its commercial SME product range leading with an enhanced offering specifically for owners of commercial properties.
BMS reinforces global expansion with Sequel technology deal
Specialist broker BMS has moved to support its expanding international presence by appointing Sequel to run its insurance and reinsurance broking systems in the London market, the US and Bermuda.
Insured loss estimates hit $2bn as Hurricane Isaac hits Louisiana a second time
Catastrophe experts have suggested that insured losses from Hurricane Isaac could total $2bn after the tropical storm made a second landfall in the US state of Louisiana.
BMS to run London market, US and Bermuda operations on Sequel
Specialist broker BMS Group has chosen Sequel to run its insurance and reinsurance broking systems in the US, Bermuda and the London market.
Global warming to lead to stronger tropical cyclones
Scientists predict that global warming is likely to lead to stronger tropical cyclones, but that the overall global frequency of tropical storms and hurricanes is likely to decrease.
Zurich seeks Chinese licences for emerging markets push
Zurich Insurance has applied for licences to expand into Chinese cities as part of a renewed focus on emerging markets, according to chief executive Martin Senn.
Charles Taylor revenue strong and steady at £53m despite 'subdued' claims environment
Insurance business Charles Taylor Company delivered a stable performance during the first half of the year, with a flat revenue of £53m (2011:£49.3m), thought to be due in part to a series of one-off charges and a "subdued" energy claims environment.
Iran offers fully insured ships to would-be crude buyers
The National Iranian Oil Company has offered India the use of fully insured Iranian vessels to use when importing Iranian oil, according to reports.
FSJ hires ex-Cobra boss for development director role
FSJ Broking, the London market division of Ink, has appointed Dave Truman as development director.
Hodges: £90m M&A pot half spent but always replenished
Towergate has no intention of easing off from merger and acquisition activity as it ploughs ahead with a plan to grow its top and bottom lines over the next two years.
Motor start-up Purely Insurance scrapped after capacity walks away
A new motor underwriting start-up, fronted by a duo of former HSBC Insurance UK executives, has been scrapped, Postonline can reveal.
Ace expands its surety practice into continental Europe
Ace Group has appointed Luc Reuter as senior vice president and head of surety, Europe as the firm expands its international surety capabilities into its continental Europe region.
UK General unveils six new commercial schemes
UK General has launched six new commercial schemes in eight weeks to continue its push for growth in the UK schemes market.