News
Law commissions open consultation on late claim payments
The Law Commission of England and Wales, and the Scottish Law Commission have called for improved remedies for late payment of valid insurance claims, suggesting insurers pay legitimate claims in a reasonable amount of time.
20 December: Candlelit Christmas
Candles on the Christmas tree go a long way towards helping to create the right sort of festive ambience.
ABI slams government flood risk plans
The Association of British Insurers has criticised government flood risk plans branding the arrangements “frustrating”.
Brit restructure sees up-for-sale UK arm trimmed of Lloyd's business
Brit Insurance Holdings has confirmed that from the beginning of 2012, all of the group’s reinsurance and specialty business will be written by Lloyd’s Syndicate 2987 (managed by Brit Syndicates Limited).
Moody's completes £50m Barrie & Hibbert buyout
Moody’s Corporation today announced the capture of Edinburgh-based risk management modeling firm Barrie & Hibbert in a deal worth £50m.
Gallaghers puts ‘marker in sand’ with Oxygen Leeds lift-out
Arthur J Gallagher International has finalised its long-speculated lift-out of Oxygen’s Leeds-based corporate risks team, in a deal it confirms will be replicated regionally to build Gallagher Health - its UK retail arm.
Liberty Mutual promotes Richard Coxon
Liberty Mutual Insurance, the commercial lines division of Liberty Mutual Insurance Europe, has appointed Richard Coxon to the role of chief underwriter, commercial operations.
AEGIS names non-exec director
AEGIS London has appointed Michael Onslow to its board as a non-executive director.
Thai floods: Crawford predicts claims disputes
Insurers could be lumbered with subrogation costs, reinstatement and difficulties calculating contingency business interruption claims from the Thailand floods.
Solvency II will drive UK M&A, Fitch predicts
Fitch Ratings expects Solvency II and low valuations to result in further merger and acquisition activity in the UK non-life insurance sector in 2012.
Garwyn directors out as Barclays invests
Garwyn has scrapped its commercial director role as part of a financial restructure of the business and finance and IT director Ian Chapman has resigned.
FSA slaps CICA with £2.8m fine for poor customer treatment
Combined Insurance Company of America has been fined £2.8m by the Financial Services Authority after “systematic failings” across the business were identified.
Barclays Corporate steps up NBFI push with insurance appointment
Bosses at Barclays Corporate have vowed to continue to develop the firm’s non-bank financial institutions following the appointment of new head of North American insurance Karla Maloof.
Ace dental plan gains foothold in Asia
Ace Asia Pacific, part of global (re)insurer Ace Group, has extended its Ace Dental Care plan to several Asian countries.
First Assist in Legal 4 Landlords deal
First Assist Legal Protection has signed a deal with Legal 4 Landlords to provide up to £50 000 of legal expenses insurance for property disputes, including eviction, and ongoing rental payments in the event of tenant default.
MPs demand changes to riot payments
MPs on the Home Affairs Committee have demanded the government speed up payments to victims of future riots and permanently extend the application deadline to 42 days.
Towergate signs development manager
Towergate Underwriting has announced that Eileen McFadden will be heading up the newly created role of corporate partner development manager at the firm.
RK Harrison appoints Rennick for HNW
Employee-owned insurance broker RK Harrison has taken on Marcus Rennick, the former head of private clients at Marsh and HSBC, to grow its high net worth business with a particular focus on the South East.
Insurers warn of Christmas car crashes
According to Axa there has been a 45% rise in accidents between 20 and 24 December over the past two years compared with the rest of December, meaning up to 56 000 drivers could be involved in a collision during this period.
19 December: A not so bright idea
Finding your keys after an alcohol-fuelled night out is never easy. Perhaps even less so when you are on holiday.
18 December: Posing peacock
Peacocks aren’t considered a traditional family pet, but one family couldn’t imagine life without theirs until one afternoon…
17 December: Feeling peckish?
The diet of woodpeckers consists mainly of insects and their grubs taken from living and dead trees, and other arthropods, along with fruit, nuts and saps both from live trees.
Charles Taylor and RBL Italia enter Italian loss adjusting association
International loss adjuster, Charles Taylor Adjusting, has entered an exclusive association agreement with RBL Italia Srl in Italy to work together on all non-marine classes of business.
Charles Taylor adjusting and RBL Italia enter loss adjusting association in Italy
International loss adjuster, Charles Taylor adjusting, has entered an exclusive association agreement with RBL Italia in Italy to work together on all non marine classes of business.