News
Care homes group chooses Howden
The English Community Care Association (ECCA) has appointed Howden Insurance Brokers as preferred supplier of insurance services to its care home members.
$3bn Thai flood losses set to escalate as city centre inundation begins
Loss adjusters have told Post there is a “whiff of Katrina” about the Thailand floods, following predictions the disaster could cost more than the estimated $3.3bn (£2.1bn) insured losses.
Gcube covers Italy’s biggest wind farm
Renewable energy project underwriter Gcube has been selected by Nsure to underwrite Italy’s largest wind power project, the Falck Renewables Buddus - Al dei Sardi wind farm.
Turkey quake to cost as much as $200m
Catastrophe risk modelling firm Equecat has said the insured loss estimate for the 7.2 magnitude earthquake in eastern Turkey is in the range of $100m to $200m.
Willis says UK business dipped in Q3
A fall in the UK and Ireland market contributed to Willis reporting a Q3 operating margin down to 11.8% from 14.5% for the same period last year.
MIB supports the met in major crackdown
Following a major operation to target uninsured drivers and disrupt criminal activity in London on 19 October, the Motor Insurers’ Bureau has taken the highest number of calls to their dedicated police helpline since it was started in 2007.
Willis Group appoints new CEO and president
Global broker Willis Group has appointed Daniel Wilkinson as the new CEO of Willis United Kingdom & Ireland.
Willis names Wilkinson as UK head
Willis has named long-serving executive Daniel Wilkinson, pictured, as chief executive for Willis United Kingdom and Ireland, following the departure of Brendan McManus last week.
Terrorists to carry out only small attacks
Catastrophe risk modelling firm AIR Worldwide says terrorists can only carry out smaller scale attacks with less powerful weapons carried by worse-trained operatives, reducing the terrorist risks faced by the US.
Zurich hits Allianz for SME underwriter
Zurich’s has appointed Allianz’s SME underwriter manager Russell Corbould-Warren to the newly created role of head of SME underwriting.
Groupama offers PA toolkit for brokers
Groupama has created a personal accident broker toolkit downloadable from its website as part of its campaign to raise awareness of the value of personal accident cover and help brokers sell more.
LAS recruits flooring validation manager
LAS Claims Management has confirmed it is to launch a range of dedicated claims validation services following the appointment of Martin Edwards, the former business development manager of Independent Inspections.
Sovereign default moves up 'known unknowns' risk list
Sovereign default has risen four places to second position for the top fifteen extreme risks while depression retains the top position and hyperinflation moves to third.
Shareholders show support for Jardine Matheson's JLT buy-in bid
Jardine Matheson’s bid to increase its stake in broker JLT by buying 10% of the company got more than 85% support from the other shareholders.
Turkey earthquake was 7.2 magnitude
Damage reports are still emerging after a magnitude 7.2 earthquake struck eastern Turkey on Sunday.
France and Japan largest purchasers of cat reinsurance
France and Japan are the largest purchasers of excess of loss per event treaties according to a new report by Aon Benfield.
MA Assist delivers 30% cost savings in UIA tie up
MA Assist has won a three year contract to provide building claims and fulfilment services for UIA Insurance.
QBE makes two new hires to launch liability product
Business insurance specialist QBE has formed a new team to launch an environmental liability product.
NIG starts aggressive recruitment drive
NIG has taken on Louise Field, pictured, to be London area underwriting manager, while Ruth Owen from Chartis joins NIG as area business development manager.
ABI helps tackle insurance application form fraud
On 27 October the Association of British Insurers will publish industry guidance to help insurers, brokers and comparison websites better identify insurance application form fraud.
Social media damage is high on risk managers’ list of concerns
Social Media and the risk it poses to reputation risk and confidential information is a matter of great concern for European businesses, according to study by the Federation of European Risk Management in conjunction with the Institute of Risk Management.
Hastings founder passes away
Hastings founder David Gundlach has died at the age of 56.
Mitsui completes regional office network roll-out
Mitsui Sumitomo has completed the roll-out of its newly created regional office network with the opening of branches in Belfast and Glasgow and three senior appointments.
Questgates provides health fraud training
Questgates is to deliver accredited counter fraud training to Health Insurance Counter Fraud Group members.