News
Bluefin appoints new CFO
Bluefin Insurance Group has announced the appointment of Robert Organ as Chief Financial Officer replacing Ian Story who is stepping down in April.
Eqecat estimates up to $25bn of quake losses
Risk modelling firm Eqecat has predicted insured losses from the Japanese earthquake of between $12bn and $25bn (£15.5bn).
Reinsurance sector braced for huge losses in Japan– Insurance News Now – 17 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories which include the global reinsurance industry pulling together to absorb the impact of the 9.0 magnitude earthquake that struck Japan on 11 March.
Reinsurance sector braced for huge losses in Japan– Insurance News Now – 17 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories which include the global reinsurance industry pulling together to absorb the impact of the 9.0 magnitude earthquake that struck Japan on 11 March.
John O’Roarke rules out LV commercial lines acquisitions
LV’s strategy for growth in the commercial market will not involve an acquisition - including NIG - according to the firm’s general insurance managing director John O’Roarke.
Hiscox backs draft Defamation Bill
Insurer Hiscox has welcomed the draft Defamation Bill claiming that it strikes “a better balance between protecting freedom of speech and reputations”.
Mitsui Sumitomo establishes disaster control HQ
Mitsui Sumitomo chief executive, Andrew McKee, has given an update on the situation in Japan.
Ace estimates Japan losses of up to $250m
Insurer Ace has predicted net post tax losses from the Japanese earthquake of between $200m (£124.3m) and $250m.
6.2m quake strikes Japan
A magnitude 6.2 earthquake struck south of Mount Fuji on 15 March at 10:31pm local time (1:31pm UK time).
Liability findings more "likely" after asbestos ruling
Law firm Beachcroft has claimed that findings of liability in mesothelioma cases are more “likely” following the Supreme Court judgement in Willmore v Knowsley MBC and Sienkiewicz v Greif last week.
Low energy light bulb wins Brit design award
British designer Samuel Wilkinson and product design company Hulger, have won the Brit Insurance Design of the Year 2011 for their redesign of the low energy light bulb.
50% of European insurers expect to move to shared service centres, survey finds
A joint study by the European Financial Marketing Association and Roland Berger Strategy Consultants has found that over 50% of European insurers are expecting to consolidate into shared service centers.
50% of European insurers expect to move to shared service centres, survey finds
A joint study by the European Financial Marketing Association and Roland Berger Strategy Consultants has found that over 50% of European insurers are expecting to consolidate into shared service centers.
KPMG: “much work still to be done” on Solvency II compliance
Accountancy firm KPMG has stressed QIS5 demonstrates many insurers are not yet prepared for Solvency II’s January 2013 implementation.
KPMG: “much work still to be done” on Solvency II compliance
Accountancy firm KPMG has stressed QIS5 demonstrates many insurers are not yet prepared for Solvency II’s January 2013 implementation.
Law firm launches app
A professor of psychology at Edinburgh University has said that people can struggle to remember small details within seconds of an accident, which often prove crucial when people are taking legal action afterwards.
Fitch assigns negative outlook to two Belarusian state-owned insurers
Fitch Ratings has revised the outlook on two Belarusian state-owned insurers - Belarusian Republican Unitary Insurance Company (Belgosstrakh) and Export-Import Insurance Company of Belarus (Eximgarant) - 'B' Insurer Financial Strength (IFS) ratings to…
Fitch assigns negative outlook to two Belarusian state-owned insurers
Fitch Ratings has revised the outlook on two Belarusian state-owned insurers - Belarusian Republican Unitary Insurance Company (Belgosstrakh) and Export-Import Insurance Company of Belarus (Eximgarant) - 'B' Insurer Financial Strength (IFS) ratings to…
RSA names new Scotland boss
RSA has appointed Dan McNally as mid market regional director for Scotland & Northern Ireland with immediate effect.
Commercial policy wording must be “watertight”
The wording of commercial insurance policies must be “fully watertight” to ensure claims are met, law firm O’Connors has said.
XL names international P&C business CUO
XL Insurance has promoted Gavin Bruce-Smythe to the role of chief underwriting officer (CUO) for its international property and casualty (P&C) business.
LMA: Lloyd’s underwriters will not play large role in loss adjustment process
The Lloyd’s Market Association, the representative body of underwriters at the Lloyd’s of London market has confirmed Lloyd’s exposure to the Japanese earthquake will be largely limited to reinsurance.
Aviva extends environmental goods and services sector
Aviva has expanded its engineering, marine, construction and operational risks cover for onshore wind, solar and energy from waste power generation, including biomass energy production, environmental consultancy and building technologies.
ASL expands professional liabilities team
Specialist loss adjuster ASL has recruited three solicitors to its professional liabilities practice.