News
MMC boss Duperreault acclaimed as Insurance Hall of Fame winner
The International Insurance Society has announced Brian Duperreault, president and CEO, Marsh & McLennan, USA, as the 2011 Insurance Hall of Fame winner.
Catlin the latest insurer to up NZ quake loss estimate
Catlin has today announced an estimate of the financial impact of the 4 September 2010 New Zealand earthquake.
Government urged to take flood action
A group of MPs have told the government that more must be done to protect properties that are under threat from flooding.
One in three businesses unsure of extent of cover
Some 34% of businesses are unclear if their insurance would cover every eventuality should they need to make a claim, research from Allianz has revealed.
Highlands policyholders receive full payout
Highlands Insurance Company UK direct policyholders have had their claims paid following the company’s administration in 2007.
Canopius appoints property underwriter
Canopius Group has appointed Andrew Ealey as property treaty underwriter.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.
Axa and Complectus launch glass insurance product
Insurer Axa and claims firm Complectus have developed a new glass insurance product for HGVs, LCVs and cars.
Jackson's “grotesque” comment highlights the flaws in his own proposals for reform
Comments made by Lord Justice Jackson in his judgment in the Court of Appeal case of Pankhurst v. White, highlighted the fact that, if Jackson’s own proposals were adopted, solicitors would be entitled to deduct up to 25% of a claimant’s damages,…
Bruce Stevenson wins Ofgem contract
Edinburgh-based insurance broker Bruce Stevenson Risk Management has been appointed to work with Ofgem as part of the UK government’s support for offshore wind generation.
Bruce Stevenson wins Ofgem contract
Edinburgh-based insurance broker Bruce Stevenson Risk Management has been appointed to work with Ofgem as part of the UK government’s support for offshore wind generation.
Ceiops and CEBS publish FCD recommendations
The Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors have published their recommendations for the supplementary requirements of the Financial Conglomerates Directive.
Ceiops and CEBS publish FCD recommendations
The Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors have published their recommendations for the supplementary requirements of the Financial Conglomerates Directive.
FSA fines hit record high
The Financial Services Authority handed down a record-breaking £88.4m in fines in 2010 (to 20 December).
Capita lands Virgin Money contract
Capita Insurance Distribution has agreed a five-year contract to deliver the administration of home and motor policies for Virgin Money.
National Grid director joins Ecclesiastical board
Ecclesiastical Insurance Group has appointed Denise Wilson to its board as a non-executive director.
AA reports motor claims running 100% ahead of normal due to bad weather
AA Insurance has experienced one of its busiest days yesterday as snow and ice led to a 100% increase in car insurance claims, compared with a normal December Monday.
AM Best affirms and upgrades Ecclesiastical ratings
AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of Ecclesiastical Insurance Office (United Kingdom).
Earthquakes top reinsurance losses in 2010 according to Guy Carpenter
The earthquakes that devastated parts of Chile and New Zealand were the largest source of losses in 2010, costing the reinsurance industry $8bn (£5.07bn) and $4bn respectively, according to a new report by Guy Carpenter & Company.
Earthquakes top reinsurance losses in 2010 according to Guy Carpenter
The earthquakes that devastated parts of Chile and New Zealand were the largest source of losses in 2010, costing the reinsurance industry $8bn (£5.07bn) and $4bn respectively, according to a new report by Guy Carpenter & Company.
Torus makes senior European appointments
Torus, the global specialty insurer, has appointed Jason Mortimer as European client relationship and business development director.
Torus makes senior European appointments
Torus, the global specialty insurer, has appointed Jason Mortimer as European client relationship and business development director.
AM Best affirms ratings of Russian Re
AM Best Europe has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Russian Reinsurance Company JSC. The outlook for both ratings is stable.