News
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.
Industry faces £200m bill from weekend riots
A technical insurance expert has estimated that the bill purely from the weekend damage caused by the rioting in London could top £200m for the industry, Post has learnt.
Riot victims urged to speak to brokers
The British Insurance Brokers’ Association is advising those people affected by the recent riots around the UK to speak to their insurance broker as soon as possible so they can assist with their loss.
THB recruits senior broker for Europe
Following positive interim results, THB has announced plans to expand its European division, part of THB’s Lloyd’s broking operation Thompson Heath & Bond.
Terrorism remains a risk warns Guy Carpenter
Recorded incidents of terrorism around the world remain at historically high levels and terrorism remains a serious risk to the insurance and reinsurance industry Guy Carpenter has warned.
THB expands Amsterdam office
Broking group THB is expanding its European division, and has appointed Jeroen Nieuwold as a senior broker. He previously worked with Aon for 12 years. He will be based at the European office in Amsterdam.
Markel's 107% COR hit by catastrophes
Niche property and casualty insurer Markel blamed catastrophe losses of $99m for adding 10 points to its combined ratio, taking it to 107%, up from 102% for the same period last year.
Ernst & Young appoints former RBS employee as global insurance leader
Shaun Crawford has been appointed to lead Ernst & Young’s Global Insurance practice and Global Insurance Centre in London and New York.
Charles Taylor adjusting appoints Andrew Homewood
Charles Taylor adjusting is further increasing its property & casualty loss adjusting capability with the appointment of Andrew Homewood as director, non marine.
Crawford's Q2 boosted by bad weather
Loss adjuster Crawford & Company said second consolidated revenues before reimbursements hit $291.7m, up 22% on the same period last year ($238.2m).