News
Learning from the past.
The high-profile collapse of Enron has brought the issue of directors' and officers' cover to the fore and, to ensure history does not repeat itself, Veronica Cowan says insurers should reconsider the information required in proposal forms.
Lex splits RAC in two via Axa deal.
Lex Services has restructured the financial operations of its subsidiary the RAC through a deal with...
Hannover Re's first quarter results.
Based on Hannover Re's first quarter results, chairman Wilhelm Zeller expects 2002 to be an "outstan...
At cross-purposes.
The construction risks connected with insulated panels will often vary between different types of panel - a point that some insurers are failing to appreciate. Mark Harris assembles the facts.
Fired up over scope of insurers' warranty wordings.
Can anyone help me, as a decision by an insurer could force brokers to review their commercial clien...
Appointment at Hammond Suddards Edge.
Hammond Suddards Edge has strengthened its insurance practice by promoting insurance specialist Nila...
On the road.
A new government body set up to reduce work-related road accidents could lead to a major overhaul of corporate manslaughter legislation, with widespread implications for employers who could find themselves legally responsible for an employee's accident…
ING reports rise in net income.
Dutch financial services group ING has reported a rise in first quarter net income to EUR1.14bn (£72...
MetLife scoops Mexican insurer.
US insurance giant MetLife has beaten off competition, with a $965m (£660m) bid for the Mexican stat...
Appointment at The Bollington Group.
North-west broker the Bollington Group has recruited three new members of staff. Sarah Boczek has jo...
Lloyd's rules add to crisis.
FM Green chief executive Ian Richens has hit out at Lloyd's over the fast disappearing liability cap...
Launch of the FSA's proposals.
"The insurance industry has proposed change, supports change, and is ready to change," said Mary Fra...
Death knell for lump sum awards.
The deadline for responses to the government's proposals on changes to the compensation system - particularly lump-sum awards - is next week. Victor Rae-Reeves warns that the industry must have its say to ensure a level playing field.
Alexander Forbes restructs its UK retail business.
Alexander Forbes has restructured its UK retail business under the new name Alexander Forbes UK Corp...
Feeling the strain.
Stress is a growing problem in the UK and insurers are beginning to suffer the knock-on effects as claims rise. But the outcomes of several recent cases have reduced the pressure on the industry - for the time being, says Paul Hughes.
Insurers must take responsibility.
John Tiner follows up his recent Breakthrough lecture at the Chartered Insurance Institute and outlines some of the Financial Services Authority's recent initiatives and ambitions, as it attempts to put the consumer at the heart of the financial…
US adults die because they are uninsured.
More than 18,000 adults in the US die each year because they are uninsured and cannot get proper hea...
German manufacturers abandon plans.
A group of German manufacturers has abandoned plans to set up their own reinsurance firm to provide ...
Through the internet maze with Richard Griffiths.
This is a decent enough site that only really raises the issue of how to ensure the people it is aim...
Appointment at James Chapman & Co.
James Chapman & Co, the insurance litigation firm, has taken on Tim Purrier to review all the firm's...
£10,000 for Insurance Charities.
Co-operative Insurance proved generous winners too, bidding an amazing £1250 for a ball signed by th...
Rebus iS rolls out web-based policy tool.
Insurance IT service provider Rebus iS has joined forces with outsourcing partner Albis Associates t...
China Airlines says it was fully insured against claims.
Taiwan's China Airlines has said it was fully insured against claims stemming from loss of life and ...
Food for thought.
The food industry is certainly not flavour of the month with insurers but, despite concerns over composite panels and the resulting fire hazards, Alan Tickner urges the industry to work up an appetite for risk.