AIG
View from the top: The pace of change
Twenty years ago the world wide web was in its infancy. E-mail, if it was used in the insurance industry, was limited and contained within organisations. Letters and faxes dominated. We may have had second generation mobile phones but the first UK text…
Solicitors' professional indemnity: Turning off the life support
Potential sweeping changes to the solicitors' professional indemnity market could see the controversial assigned risks pool scrapped. Jakki May investigates the effect on qualifying insurers hoping to turn a profit.
Dual appoints Manchester underwriter
Dual Corporate Risks has appointed Christopher Blake as a professional indemnity underwriter in the company’s national business unit.
Spotlight on Reputation: Battered but not broken
The insurance industry's reputation has taken a bit of a battering, as the whole of the financial services sector has endured customer scorn. David Haigh looks at what can be done to turn public perception around.
Professional indemnity – the growth market
Professional indemnity was worth almost €6bn across Europe in 2010 and with changes to Italian legislation and increasing negligence claims Alan Leach explains how this market is sure to expand.
CBG launches into brewery insurance
Craft Brewery Insurance has been designed to provide a full range of insurance cover essential for a commercial brewer.
PE-backed firm targets GI with ex-Rias head
Online financial services sales and marketing firm Media Ingenuity is in discussion with insurers to support a push into the general insurance personal lines space. It follows the recruitment of the former head of commercial management at Rias and head…
Airmic 2011: Risk blindness threat to company stability
Company boards' tendency to develop "risk blindness" in the pursuit of reward and opportunity can bring down otherwise successful entities overnight, according to new research by Cass Business School. The first findings of a two-stage study have…
Insurers in line for a £4.8bn windfall from referral fees - Insurance News Now – 9 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how motor insurers could pocket billions in extra income a year if a recommendation to retain referral fees is acted on.
Airmic 2011: Study identifies underlying risks that can lead to corporate failure
Boards failing to see – or just choosing to ignore – underlying risks can result in events serious enough to bring down or severely damage otherwise successful companies, research has revealed.
Airmic 2011: Chartis opens multinational centre of excellence
Chartis has launched a multinational centre of excellence to provide clients and brokers with a focused source of expertise and delivery for global insurance programmes.
Chartis names head of European risk management group
Chartis has appointed Jonathan Groves head of its Continental European risk management group which has staff in London, Paris, Brussels, Rotterdam, Milan, Dublin and Copenhagen.
Jubilee names affinity and special risks underwriter
Jubilee has appointed Warren Campbell as an affinity and special risks underwriter at the Lloyd’s insurer.
Large corporate risks - Global compliance: Could a central rules database help?
The global insurance compliance headache for large corporates operating in multiple jurisdictions is only intensifying. Veronica Cowan explores if and how a central rules database could help.
Transatlantic to launch UK personal lines brand
Transatlantic Re is set to launch a new UK personal lines general insurance venture, as the US giant looks to capitalise on hardening premium rates in the motor market.
Lloyd's & London Market - Remuneration: War of the words
Lloyd's brokers are on the defensive after controversy surrounding commissions and fees re-emerged. But as underwriters demand clarity once and for all, are buyers happy as long as premiums stay low and their own charges stay transparent? Ralph Savage…
Chartis COR hits 119% in Q1 as insurer is hit by $1.7bn cat costs
Chartis, the non-life division of AIG, has reported a first quarter operating loss before net realized capital gains of $463 m, reflecting $1.7bn of Catastrophe losses comprised of $1.3bn for the Japan earthquake and tsunami.
Chartis MD takes up board role with Lloyd's insurer Ascot
Ascot has appointed two new executive directors, Yvonne Keyes and Mark Smith, and one new non-executive Director, James Shea, all of whom joined the board of Ascot Underwriting this month.
TfL confirms insurance panel
Transport for London has selected 27 insurance companies that will provide its cover in an agreement worth a combined £24m.
Chartis responds to SRA decision to scrap the ARP in 2013
Insurer Chartis has responded to the Solicitors Regulation Authority’s decision to replace the Assigned Risks Pool in 2013 with a system where insurers offer a three-month extended policy period to firms who cannot obtain professional indemnity insurance…
View from the Top: Swedish insurers take a chance on art (Monet, Monet, Monet)
The Swedish insurance market has traditionally been dominated by five large players, If P&C Insurance, Codan, LF Insurance Group, Zurich Insurance and Chartis, which together account for over 85% of market’s annual premium income.
Overseas focus - China: a market of opportunity?
With an enormous population and low insurance penetration, China should be a market ripe for entering. Jakki May finds out it isn't as simple as it sounds but reveals an appetite for change and growth.
Chartis to hand fraud file to police
Chartis has issued instructions for a file to be handed to police relating to a £200 000 motor insurance fraud case.
E-business: Free insurance idea floated by Dual Corporate Risks boss
Giving away insurance for free and generating income through other products could prove a savvy move for insurers in the future, argued Tim Grant, head of e-business at Dual Corporate Risks.