News
Portal extension unlikely to bring EL/PL claims surge: Kennedys
Next week’s extension of the Road Traffic Accident portal to include employer’s liability and personal liability claims is unlikely to result in a rapid increase in claims according to law firm Kennedys, following counteremeasures introduced by the…
New corporate boss for Perkins Slade after Rowe exits
Broker Perkins Slade has made several changes to its senior management team including a new corporate leader following Darren Rowe’s departure this month.
Industry agrees to 75% payout for mesothelioma scheme
Employer’s liability insurers have agreed to pay 75% of civil compensation for mesothelioma victims that cannot trace their insurer after debate in the House of Lords.
Insurance veteran Keith Fenwick to chair equity firm
Keith Fenwick has been appointed chair of Fusion AI Partners’ advisory board.
Cat bond market must expand: Willis
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
S&P: G-SII label will have mixed long-term impact on ratings
A report by Standard & Poor’s says the designation for global systemically important insurers has both positive and negative implications for insurer’s ratings in the long term.
Ergo's 'AA-' financial strength rating affirmed by Fitch
Germany-based insurers Ergo Life and DKV have had their insurer financial strength ratings affirmed at 'AA-' by Fitch.
Law Society will not abandon controversial campaign
Law Society president Nicholas Fluck has “no plans to abandon” the organisation’s recent personal injury advertising campaign following a call from the Association of British Insurers to withdraw it.
Protect Your Bubble launches in Ireland
Specialist gadget insurer Protect Your Bubble launched today in the Republic of Ireland.
Protect Your Bubble head has “high hopes” as it launches in Ireland
Specialist gadget insurer Protect Your Bubble launched today in the Republic of Ireland, a market it said had “a high proliferation of gadgets and an unmet need for specialist insurance”.
Regulation needed to boost cyber take up in Europe says Horton
The introduction of European Union data breach notification legislation is needed to spur the uptake of cyber policies in Europe, according to Beazley’s chief executive Andrew Horton.
CDL launches big data analytics solution
Insurance software company CDL has released a management information solution to enable insurers’ retailers to apply big data analytics to their operations.
Insured impact from Gansu quake not likely to be significant
Catastrophe modelling firm AIR Worldwide has said it does not expect significant insured losses from the devastating earthquake in Gansu Province, China this week.
'Competitive headwinds' challenge Beazley growth expectations
Beazley chief Andrew Horton believes the firm can continue to achieve profitable growth, despite the influx of new capital in the reinsurance market and broker-led quota-share agreements.
Bluefin welcomes regional MDs as restructure sees Owen's role expanded
Bluefin has completed a number of internal promotions and structural changes as part of its ongoing strategic development plan.
Tysers hires trio to form North American PL team
Tysers has appointed David Doe, Jonathan Doel and Sue Korth to form a North American professional liability team.
Beazley improves COR as investment returns plummet
Beazley trimmed its combined operating ratio to 89% in the first half of the year (H1 2012: 91%), however the firm’s investment returns were hit by market losses in fixed income holdings.
Barker appointed as Marsh chairman
Jane Barker, a non executive director at Marsh, will become chairman on 1 August.
Insurers stop new policies after New Zealand earthquake
Some insurance companies are refusing policies to new customers in central New Zealand after Sunday's 6.5 earthquake.
United India Insurance to open 530 more branches
India's second largest insurer plans to open 530 more offices across India by the end of the year.
QBE's property, casualty and motor CUO Bathia departs
Ash Bathia, chief underwriting officer of QBE’s property, casualty & motor division is leaving the company.
Lloyd’s brokers sign up for VIPR Bordereaux product
Two Lloyd’s brokers have partnered with VIPR to use its software and systems.
Ageas claims team undertakes motorcycle training
Groupama Insurances, soon to be Ageas Insurance Limited, has put its motorcycle claims team through a series of training sessions to help them understand the needs of motorcyclists when handling claims.
Insurers in the dark over how pensions deficit input will impact levies
Insurers are unlikely to find out how much of an impact a £200m pensions deficit left over from the Financial Services Authority will have on their individual levies, in spite of changes to plans that will see them contribute more.