News
IUA to gauge how London Market is servicing global business
The International Underwriting Association has launched a new survey to assess how the London Market is servicing international business.
Ecclesiastical extends specialist underwriting to regional offices
Ecclesiastical is to extend underwriting of its heritage residential and property investors business to its regional offices in Manchester and Birmingham.
Thailand approves class action lawsuits
Thailand's National Legislative Assembly will allow class action legal proceedings for the first time from December.
Insurer and Christchurch City Council in earthquake dispute
The Christchurch City Council is in dispute with its insurer Civil Assurance over payouts from the devastating 2011 earthquake.
Shareholders approve £640m sale of Quindell's PS division
Quindell's shareholders have voted to approve the sale of its professional services division to Slater & Gordon for £640m.
Claims Club: Loss adjusting could not respond to a surge on 2007 scale warns Burke
Falling demand for ‘business as usual’ loss adjusting services has left the industry unable to service claims at the peak of a surge, according to Benedict Burke, deputy president of the Chartered Institute of Loss Adjusters.
Claims Club: Collaboration during catastrophes vital to protect industry reputation says Biba
Collaboration at times of surge remains a polarising topic, with the industry divided on the extent to which rivals should work in partnership during catastrophic events.
Quiz of the week - 17 April 2015
Test your knowledge of this week's insurance news stories with Post's quiz.
Claims Club: Importance of loss adjusters must increase for UK to regain status as pre-eminent insurance market
Insurers need to cut out bureaucracy, the role of lawyers has to be reduced and importance of loss adjusters increased if the UK is to regain its position as one of the world’s pre-eminent insurance markets.
Towergate 'streamlines' loss adjusting panel
Towergate Insurance has overhauled its loss adjusting panels following a tender process involving nine companies.
Alistair Lockhart-Smith to lead marine and energy at Capsicum Re
Reinsurance broker Capsicum Re has hired Alistair Lockhart-Smith as a partner to lead its marine & energy specialty business.
Australian insurers urged to adapt to driverless cars
The Commonwealth Bank of Australia is urging insurers to be aware of the fast development of driverless cars.
AJ Gallagher starts Asian reputation risk practice
International broker AJ Gallagher is aiming to help large corporate clients in Asia with mitigating reputation risk and brand damage.
Ex-airline boss Douglas Steenland named new AIG chairman
AIG has named Douglas Steenland as its new chairman, effective from 1 July when he will succeed Robert Miller.
Skuld appoints Augustsson to lead Greek office
Marine insurer Skuld has appointed Kjell-Åke Augustsson to lead its office in Piraeus, Greece.
PI broker banned by FCA
The Financial Conduct Authority has barred former insurance broker Stephen Robert Allen after the Upper Tribunal found he was not a fit and proper person. The Tribunal reached the decision because Allen was found to have submitted a forged document in…
Law firm complains that claimants 'made to feel like criminals'
A claimant law firm has complained that people injured in road traffic accidents are being made to feel like "criminals" by insurers.
Fonseca takes up CEO role following Brokerslink incorporation
Brokerslink has restructured its board of directors to drive growth and revenue generation following its change from a not-for-profit association to a for-profit global broking company.
Willis replaces David Gordon with Seth Peller as FAJS CEO
Willis Group Holdings has appointed Seth Peller as global CEO of its fine art, jewellery and specie division, effective immediately.
JLT vows to 'vigorously defend' business interests in face of Willis law suit
JLT has vowed to “defend its legitimate business interests vigorously” after broking rival Willis commenced legal proceedings against the firm in relation to the appointment of staff from the Willis fine art, jewellery and specie division.
Willis cuts 350 roles as part of plans to save $420m by 2017
Willis is set to shed 350 jobs across the UK as part of its restructuring programme announced last year.
Quinn administrators' 'negligence' suit progressing against PWC
Legal pleadings in litigation involving Quinn Insurance’s administrators and the defunct insurer’s accountancy firm PWC are expected to be finalised this summer, with a potential full hearing likely to conclude in 2017.
Benedict Burke moved to new role at Crawford & Company
Crawford & Company has moved senior vice president Benedict Burke to a new role as part of a newly announced restructure of its global markets operation.
GRP hires former Bluefin CEO Bruce to lead retail business
Former Bluefin CEO Mike Bruce has been appointed as head of retail insurance broking at David Margrett’s Global Risk Partners.