News
Auction insurance offered as hammer comes down
Commercial property insurance broker Cadogan Keelan Westall is to attend Network Auctions’ National Auction Room in Hatfield so it can put items bought under the hammer on cover as soon as they have been purchased.
Airmic launches riots claims resource
Commercial insurance buyers group Airmic has compiled a list of expert resources for firms making riot-damage claims and says it will update with new advice as it arrives.
Bond Pearce hires catastrophic injury expert David Brown
Catastrophic injury claims defender David Brown has joined corporate law firm Bond Pearce as a senior associate specialising in casualty risks.
RMS unveils toolkit with building valuation
Risk Management Solutions has unveiled the latest version of its Data Quality Toolkit, which enables re/insurers to assess, manage, and improve the quality of their exposure data.
Solicitor insurers exploited ARP loophole
Insurers have used a loophole to under report premiums from solicitors’ professional indemnity insurance to cut payments to the Assigned Risk Pool, the Solicitors Regulation Authority has said.
Gallagher names Des O'Connor affinity boss
The UK arm of broker Arthur J Gallagher has promoted Des O'Connor to director of strategic development for affinity business.
Half of insurers have no complaints chief
Almost half of large UK insurers have failed to name a head of complaints – just two weeks before the Financial Services Authority deadline comes into effect.
Aviva Direct's caravan partner Victor Millwell to expand
Caravan specialist Victor Millwell expects to rapidly expand following Aviva Direct’s decision to use it as preferred provider of its motorhome insurance for customers seeking new or renewal quotes.
Towergate promotes head of legal and secretariat
Towergate Insurance has promoted Sam Clark to head of legal and secretariat.
Allianz picks Fix Auto for repairs
Allianz has signed a three-year deal with Fix Auto UK to run its national accident repair services.
IAG audit expert joins Grant Thornton
Grant Thornton has taken on IAG UK’s head of internal audit Sarah Talbott to lead its insurance internal audit services.
Merlin appoints SIU member for Yorkshire and North Midlands
Merlin has moved to recruit a new member to its Special Investigation Unit team.
Disqualifications up 23% in five years
The number of disqualification orders imposed on directors of insolvent companies jumped 4% last year to 1,437, up from 1,388 the year before, according to City law firm Reynolds Porter Chamberlain.
Zurich extends notification period to 30 days
Zurich Insurance has welcomed government plans to extend the period for lodging riot-related claims to 42 days by increasing its own notification period from seven to 30 days.
Eqecat helps ERD transfer European windstrom risks to capital markets
Catastrophe risk modeling firm Eqecat Inc has provided risk modeling services to Electricité Réseau Distribution France SA in the issuance of a €150m catastrophe bond transferring European windstorm risk to the capital markets.
Groupama holds firm on Societe Generale investment
Groupama SA has confirmed it has not sold any of its shares in Societe Generale SA, according to a report on Bloomberg, despite the stock plunging.
Axa confirmed as business insurer for Reeves furniture store
Axa has also confirmed it is the co-insurer for Party Superstore in Clapham and the sole insurer for fashion store Intense and Funky in Tottenham.
Fitch affirms DEVK insurance entities; Outlook Stable
Fitch Ratings has affirmed DEVK Deutsche Eisenbahn Versicherung Sach- und HUK-Versicherungsverein a.G. Betriebliche Sozialeinrichtung der Deutschen Bahn's (DEVK non-life) and DEVK Deutsche Eisenbahn Versicherung Lebensversicherungsverein a.G…
Aviva on cover for Reeves store in Croydon
Aviva has confirmed it is the building insurer for the 140-year old family run House of Reeves furniture store in Croydon razed to the ground during the riots on 8 August.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on buying habits for travel insurance and a blog on women in insurance.
Groupama downgrade poll results
Find out what the market voted for on Fitch's downgrade of Groupama.
Allianz set for £25m riot claims exposure
Allianz is the first insurer to give an estimate for its exposure to the riots that have taken place in London and across the UK.
Groupama names new legal counsel
Former Towergate employee Andrew Hunter has been appointed group legal counsel for Groupama Insurances and company secretary for Groupama’s GUK Broking Services subsidiary.
Allianz insures riot victim JD Sports
Allianz have confirmed it insures JD Sports, the sports fashion and trainers retailer widely looted throughout the UK during the four days of rioting.