News
Flood effects aggravated by insufficient investment in preventative measures
Although floods occur more frequently than any other natural disaster worldwide, the risk they pose is often aggravated by human activity, according to a report by Allianz.
European non-life faces increasing challenging environment, says AM Best
European non-life insurers are operating in an increasingly challenging investment and economic environment, according to Sam Dobbyn, senior financial analyst at AM Best.
Ex-Swiftcover boss promoted to RSA e-business head
Global insurer RSA has appointed former Switfcover boss Ian Hood as group e-business director.
NW England bodily injury claims largest in UK and America
The Institute and Faculty of Actuaries has welcomed the government decision to ban referral fees after its research found claims management companies (CMCs) pocketed almost £500m last year.
DCS opens Brisbane office
Devonshire Claims Services (DCS) has opened a new office in Brisbane.
Zurich names chief underwriting officer for North America
Zurich has announced Mary Merkel is to replace Time Carter as regional chief underwriting officer for the insurer in North America, with immediate effect.
Two join Towers Watson in Asia
Towers Watson has strengthened its private markets research resources in Asia with the appointment of Richard Tan and Agnes Lee to its Hong Kong office.
French broker joins Brokers Link
Filhet Allard has become a member of independent insurance broker network Brokers Link.
French broker joins Brokers Link
Filhet Allard has become a member of independent insurance broker network Brokers Link.
Two join Towers Watson in Asia
Towers Watson has strengthened its private markets research resources in Asia with the appointment of Richard Tan and Agnes Lee to its Hong Kong office.
BP Marsh boss has ‘multi-million pound war chest’
Brian Marsh of venture capital firm BP Marsh has told Post he has a multi-million pound war chest to buy 20% to 40% stakes in internationally trading brokers.
MYI secures appointment to handle Manchester riot contentious claims
Loss adjuster MYI has been exclusively appointed to handle high-value and contentious claims against the police from the Manchester riots in August.
Hogarth’s Imperial exit sparked by ‘difference of opinion’
A “fundamental difference of opinion” in how Imperial Consultants should be run led to the departure of managing director Ian Hogarth to LAS Claims Management.
IFB seeks to double staff numbers with 25% increase in industry levy
The Insurance Fraud Bureau is to double its staff by increasing its industry funding levy income by 25% to £2.8m.
Market moves - 20 October 2011
This week the main movers and shakers were loss adjusters, with Davies, Woodgate & Clark and Advanta all making major appointments.
My best 11 Paul Muir, One Answer Network
One Answer Network managing director, and possible Crystal Palace fan, Paul Muir selects this week’s Best XI for a potential insurance start-up firm. Muir has chosen a blend of underwriters and brokers as well as football icon David Beckham to skipper…
Claims event: PI lawyers unmoved as insurers call for legal claims costs reduction
Personal injury lawyers refused to bend to insurance industry demands for the cost of processing legal claims to be reduced, following the imminent abolition of referral fees, in a heated panel debate.
Claims event: Record unemployment could boost interest in industry
The UK’s record level of unemployment could provide a recruitment opportunity for the insurance claims sector, Aviva technical claims manager Tim Andrews suggested.
Claims event: Seddon: social media use is ‘bonkers’
Using social media in claims handling is “bonkers” and companies risk “shooting themselves in the foot” if they embrace Facebook and Twitter, the insurance industry has been warned.
Claims event: ABI urges ‘shared responsibility’ for flood cover
Homeowners living in high flood risk areas could potentially see their insurance part-covered by government subsidies after the Statement of Principles agreement expires.
Claims event: Straw blasts 'made-up' whiplash injuries
Former Justice Secretary Jack Straw, pictured, has backed Ken Clarke’s proposals to make the payment of referral fees a criminal offence, while also branding whiplash a “made-up injury”.
News analysis: Call for mandatory sprinkler systems reignited by Dunelm Mill fire
On 6 October 2011, local fire fighters lamented the absence of sprinklers in a Dunelm Mill store that suffered a major blaze on the Orchard Retail Park in Willenhall, Coventry.
Broker report reveals Aviva, Chartis and RSA drop in underwriting service
Insurers must do more to boost satisfaction among brokers, according to a Brokerbility survey that suggested Axa is currently the only firm performing above the 80% approval benchmark.
MIB pledges support to police in uninsured drivers sting
Motor Insurance Bureau bosses have praised a Metropolitan Police operation designed to clamp down on uninsured drivers by seizing hundreds of cars in the capital.