News
Increased typhoon activity in East Asia expected, says Munich Re
Overall insured losses from weather events in the last three decades in East Asia have hit $6bn as floods and typhoons increase. The situation could be about to worsen.
Good fourth quarter renewal prospects for airlines, says Willis
Abundant capacity, high levels of competition, limited loss activity and an aggressive broking community will benefit airline insurance buyers renewing in the final quarter of 2013, according to Willis Group.
Airline insurance buyers to benefit from high capacity and competition
Abundant capacity, high levels of competition, limited loss activity and an aggressive broking community will benefit airline insurance buyers renewing in the final quarter of 2013, according to Willis Group.
Telefónica partnership offers first telematics product in Germany
Telefónica has partnered with Sparkassen Direktversicherung to bring the first insurance telematics product to Germany from this month.
Willis sidecar backed by Agencyport software
Willis’ recently unveiled Global 360 capacity initiative is to use risk exposure software from Agencyport.
Insurer Cloud goes live
The Insurer Cloud is now fully operational at its newly acquired offices in Basingstoke, Hampshire.
Telematics key in combatting motor fraud, according to Octo
Octo Telematics is predicting telematics products could see the end of motor fraud tactics such as crash for crash schemes and bogus whiplash claims.
Jennifer Owens joins Towergate as general counsel
Towergate has appointed Jennifer Owens as its general counsel and company secretary.
Allianz grows UK GWP by 1.8% in Q3
Allianz’s UK business reported a 1.8% increase in gross written premiums to £1.5bn in the third quarter of 2013.
RSA shares down 11% after two hours of trading
Shares in RSA have tumbled more than 10% after the insurer warned that its profits would be £70m lower than market expectations after an audit uncovered issues with claims and finance in its Ireland operation.
RSA shares down 11% after two hours of trading
Shares in RSA have tumbled by over 10% after the insurer warned that its profits would be £70m lower than market expectations after an audit uncovered issues with claims and finance in its Ireland operation.
Allianz grows UK GWP by 1.8% in Q3
Allianz’s UK business reported a 1.8% increase in gross written premiums to £1 459.7m in the third quarter of 2013.
Jon Walker to lead Bluefin’s personal lines business
Bluefin has appointed Capita’s Jon Walker as its managing director of personal lines.
Aegis London boosts terrorism footprint with two hires
Aegis London has made two appointments to its terrorism and aviation war account with the aim of increasing its underwriting footprint in the market.
Catlin boosted by “strong” underwriting, but investment returns remain low
Specialty insurer and reinsurer Catlin has unveiled increased gross written premiums, with rates also climbing, while investment returns have remained stubbornly low.
Devastation escalates after Philippines' super typhoon Haiyan
Catastrophe modelling firm AIR Worldwide says devastation in the Philippines following last week’s super typhoon Haiyan is continuing to escalate.
Lockton appoints risk management expert in Hong Kong
Lockton has appointed Eric Tsui from HK Electric to lead its power, energy and construction group in Hong Kong.
Liberty boosts regional service with two hires
Liberty Mutual Insurance, the commercial lines division of Liberty Specialty Markets, has appointed Marisse Ellison-Smith and Simon Robb as claims specialists to enhance its service in the regions.
Insurers warned to brace for escape of water claims surge
IFIC Forensics has warned insurers to brace themselves for an influx of escape of waterclaims, as weather experts forecast the beginning of the coldest winter in 100 years this November.
Markel appoints Whitaker non-executive director
Markel International has appointed Anne Whitaker as non-executive director.
North East sees biggest rise in road deaths and injuries
The North East of England has seen the biggest increase in accident rates for killed and seriously injured people in 2012, according to IAM’s analysis of recent data produced by the Department for Transport.
ABI calls for collaborative approach to SCT limit reforms
The Association of British Insurers has called parties interested in Small Claims Track reforms to “put aside petty name calling” and work together.
Admiral 'on track' for full year despite falling UK revenue
Insurer Admiral said it its ‘on track to meet expectations for the full year’ despite the shrinkage of its UK motor business in the third quarter.
RSA appoints PWC to investigate Irish business 'issues'
RSA has appointed consultancy firm PwC to undertake ‘a comprehensive review’ of the issues identified last week in its Irish business.