News
Bahrain Kuwait Insurance assigned 'A-' ratings
Bahrain Kuwait Insurance Company has had a financial strength rating of A- (Excellent) and issuer credit rating of “A-” assigned by AM Best.
Spanish and French SMEs rank lowest in their understanding of insurance
Spanish and French SME’s rank the lowest when it comes understanding their insurance options, according to a recent study by Hiscox.
Antares’ ceded reinsurance appoints head
Specialist Lloyd’s insurer Antares has named Richard Anson as head of ceded reinsurance.
IBRC to fight Quinn in Northern Ireland
Ireland’s Anglo Irish Bank asset recovery vehicle, the Irish Bank Resolution Corporation, is to fight Seán Quinn’s bankruptcy in the Northern Ireland High Court in Belfast today.
Premiership footballer wins spot rates case against Allianz
Allianz has lost its credit hire appeal case against Aston Villa footballer Darren Bent.
ABI guide tackles “overzealous” H&S rules
The Association of British Insurers has published a new guide to tackle the “overzealous” interpretations of health and safety rules for the voluntary sector and small businesses.
Chubb offers PI for professional service providers
Chubb has launched a professional indemnity product for professional service providers ranging from management consultants and HR experts to payroll processors and polygraph operators.
Seán Quinn ordered to repay €417m
Ireland’s commercial court has ordered Seán Quinn to repay about €417m to the Irish Bank Resolution Corporation, The Irish Times reports.
BI claims likely to contribute significantly to $20bn Thai flood losses
The majority of insurance losses from flooding in Thailand will come from the impact on manufacturing and supply chains, AM Best has confirmed.
Law report: Slip on ferry ruling overturned
This law report has been controbuted bby national law firm Berrymans Lace Mawer.
IRM recognises students
The Institute of Risk Management has named Karasachi Sylvester Nnadede and Karla Cruickshanks as its top students of the year.
Igo4 and Markerstudy to deliver direct brands
Igo4 has secured a partnership deal with Markerstudy to deliver direct brands Zenith Insurance and Zenith Insurance Plus, set to go live today (24 November).
ABI defends proposal to ban young motorists from driving at night
The Association of British Insurers has been forced to defend its proposals, which included a ban on night driving for young drivers, after they were dismissed as unenforceable by the government and safety campaigners.
Accident Exchange heads to Court of Appeal
Accident Exchange is to take its two-year legal battle with Autofocus over alleged fraudulent credit hire spot rates to the Court of Appeal next Thursday.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment
The “landmark” strategic partnership between Catlin and China Re is expected to be a catalyst for a boom in Lloyd’s investment from insurers in emerging economies.
Ten targets directly regulated brokers
Bosses from Ten Insurance have revealed proposals to begin forging relationships with directly regulated brokers, following a year in which record profits were recorded by the broking network.
Murphy assures staff THB takeover was not executed for efficiencies
THB chief executive Frank Murphy has promised employees at the Lloyd’s and London market broker there will be no similarities between his firm’s multi-million pound takeover by AmWINS and that of the Gallagher buyout of Heath Lambert.
UK General ready for Acturis-backed commercial push
UK General will set out to win back substantial broker business following the launch of the firm’s commercial offering, supported by Acturis and a new e-trader platform.
Insurers warned over consequences of hiring unregulated investigators
A senior private investigator has warned that insurers face ruined reputations when hiring unregulated private investigators in the wake of the News of the World phone hacking scandal.
News analysis - Smartphone apps: has the prime time arrived to invest in mobile?
The long-held hunch by savvy industry operators that the rapid emergence of smartphone technology presents a potentially lucrative revenue stream was this week underlined by Money Supermarket’s claim to have launched the UK’s first front-end motor…
Investing in the Profession: Marsh first Manx broker to gain certification
The Isle of Man arm of Marsh has become the first Manx broker to achieve chartered status.
Perkins Slade rings the changes
Despite a relatively quiet quarter for broker recruitment, Perkins Slade named three new directors this week. The intermediary was not the only firm making changes, with Jelf and Willis also naming new starters. Among insurers I was a bust seven days for…
View from the top: The challenge to keep it cold
Global warming presents unique challenges for the industry, says David Weymouth.
Law report: Tough stance taken on contempt of court
This law report has been contributed by national law firm Berrymans Lace Mawer.