News
Staff face redundancies as Travelers exits private motor market
Travelers Insurance has today confirmed its decision to exit the private motor market in Ireland from 1 October, following a review of its strategy and operations in Europe.
Impact of UK riots should not affect insurer ratings
Insurers have been reassured that the ongoing riots being carried out across the UK should have no impact on company ratings.
Impact of UK riots should not affect insurer ratings
Insurers have been reassured that the ongoing riots being carried out across the UK should have no impact on company ratings.
Insurers called to action in global regulatory debate
Bosses at KPMG have urged insurers to move the global regulatory debate forward after stating that it is inevitable that some insurers will be classified as systemically important financial institutions.
LV renews rugby cup sponsorship
LV has agreed to sponsor the Ango-Welsh Cup for a further four years.
More Than looks to Rias for new MD
More Than has appointed Janet Connor to the role of managing director.
CGSC names first-ever group CIO
Brent Kruger has appointed as Cooper Gay Swett & Crawford’s first group chief information officer.
ABI clarifies legal position of riot compensation
The ABI has moved to reassure customers that they are covered for riot damage under their home and business insurance following bogus reports that the police need to designate recent events as a “riot” before compensations schemes are activated.
Marsh and Zurich respond to riots
Marsh and Zurich have responded to the escalating riots across the country with guidance notes and have vowed to help customers get back on their feet.
Allianz commercial appoints chief casualty surveyor
Allianz Commercial has promoted Craig McLaughlin to the role of chief casualty surveyor.
FA to lose almost £1m for calling off England match
The Football Association’s decision to call off the England match against the Netherlands in light of the riots will cost them more than £900 000 in ticket sales because they failed to take out contingency insurance, according to a source close to Post.
Zurich confirms on risk for Allied Carpets blaze
Zurich has confirmed that it is the insurer for the Allied Carpets building that went up in flames on Saturday evening following riots in Tottenham, London.
Walker Agency launches Castle Cover mobile website
Walker Agency has completed the development of a new mobile website for Castle Cover, the 50+ insurance specialists.
Now Health International launches online quote facility for group IPMI
Now Health International has launched an on-line facility which it claims provides instant international health insurance quotes for up to 50 employees in seconds.
Retailers demand riot insurance premiums stay low
UK shopkeepers group The British Retail Consortium has demanded urgent meetings with the insurance industry to ensure affordable premiums in riot-torn high streets.
Latest riot bill estimate hits £750m
Large insurers are estimating that the widespread rioting across the UK could cost industry as much as £750m.
PwC warns of riot cover exceptions
PricewaterhouseCoopers bosses have urged customers to check the small print of their policies amid concerns that the impact of recent rioting may not be included in insurance contracts.
Riots could lead to a hardening market claims broker boss
Insurers are likely to be left counting the cost of repairing damage caused during riots on the streets of London and beyond, however, the ongoing chaos could also provide a catalyst for a hardening market.
14-day deadline for riot damage claims
Specialist loss adjuster Questgates has warned insurers to get claims in to the police for damage caused by riots within 14 days or miss out.
Broker Reich buys Glasgow's Surenet
Independent broker Reich Insurance has bought Glasgow-based broker Surenet Agency, Reich’s second acquisition in two months. It follows the addition of Bolton broker D. Barnett to its network.
Europe's senior-level professionals pack work for their holidays
Europe's senior-level managers and executives are bringing work with them on holidays according a recent survey.
E&Y European head appointed to lead global insurance practice
Shaun Crawford, has been appointed to lead Ernst & Young's global insurance practice and global insurance center based in London and New York.
Terrorism remains major threat to insurance industry
The reinsurance industry continues to meet the current demands for terrorism risk transfer despite high levels of terrorism according to a new report.
Weather related catastrophes hit Markel's COR
Markel International has reported gross written premiums of $227.7m for the quarter ended 30 June 2011, compared to $187.2m for the second quarter of 2010.