Zurich Insurance
Loss adjusting: A standards issue
Direct regulation of loss adjusters has been on the agenda for more than a decade but, with Europe ready to step in, is the industry prepared to be governed by forces on the continent?
RSA legal action suspended as court rules in insurer's favour over motor costs
Zurich has confirmed that it has suspended legal action with RSA over the company's subrogated motor repair costs while it awaits the outcome of a possible appeal, after RSA won a High Court case against two other insurers.
Post magazine - 21 June 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Claims bosses urge insurers to develop integrated localised flood response
Flooding in areas of the UK previously considered low risk has led claims bosses to urge insurers to concentrate on developing an integrated localised flood response, while arguments over a collaborative risk transfer solution rumble on.
Market moves: A busy week in recruitment
The insurance industry enjoyed a busy week in recruitment, and brokers were the main movers and shakers as Marsh UK & Ireland welcomed a new chief executive and Giles named a new COO.
Claims Awards 2012: The winners
A full list of the winners and runners up at the 2012 Claims Awards.
Property claims: Long-term fix for UK flood may be a compromise
The expiration of the Statement of Principles has been described as the "end of the temporary sticking plaster" by Zurich property claims director Jon Cawley, who has argued that the solution to flood risk cover is a combination of current industry and…
Flood cover: Sink or swim?
The expiry of the Statement of Principles is a year away, and the industry is looking for a replacement to cover the impact of flooding. Two ideas have been floated, but which will sink and which will swim?
Zurich appoints head of sales and distribution for global corporate
Zurich Insurance Group has appointed Valerie Butt as head of sales, distribution & marketing for global corporate, effective 1 July.
CHOs slam decision to refer motor market to Competition Commission
Credit hire operators have called for resources to be redirected to improving the Association of British Insurers-backed general terms of agreement rather than towards an investigation by the Competition Commission into the "dysfunctional" motor…
Zurich appoints Butt as head of sales
Zurich has appointed Valerie Butt as head of sales, distribution and marketing for global corporate, effective 1 July.
Zurich's GI chief leaves for top role at Generali
Mario Greco, Zurich's general insurance chief executive, has resigned from the post to return to Italy as CEO of Generali Group.
Zurich's general insurance CEO set to leave
Mario Greco has decided to return to Italy to assume the role of Generali Group CEO.
Market moves: A busy week for recruitment
Insurers were the most active recruiters in the industry this week, with Canopius, Mapfre, Zurich and Ace all welcoming new arrivals to their teams. It was also a busy seven days in the broking sector, after BGL, Giles, Miller and Aon made significant…
Buyers back industry preparedness for Eurozone fallout but fear claims
Insurance buyers have commended the UK insurance industry's preparations for a potential fallout if Greece leaves the Eurozone, but warned that the industry will be tested by major claims that arise out of a crisis.
Editor's comment: Taking evasive action
Failure to prepare is merely preparing to fail, or so says the oft-quoted maxim. And this week has all been about UK insurance companies demonstrating this is not a trap they have any intention of falling into with regard to the continued volatility in…
ISA 2012: Panel discusses evolving nature of Asian insurance hubs and offices
The changing dynamics of the Asian markets with their European/American headquarters is blurring the status of offices across the continent as regional hubs or self-sufficient management centres, and the divide between a front office and a back office…
ISA 2012: Insurer bosses claim no foreign player has 'Pan-Asian edge'
As mature markets sink deeper into the eurozone crisis, Asia remains a bright spot for global insurers. That was the view of Johnny Chen, CEO of Zurich Financial Services, who told the audience at ISA 2012 yesterday that he remains positive in his firm's…
Axa, LV, Zurich, Broker Direct and QBE triumph at Post Claims Awards 2012
Mike Klaiber, Zurich UK claims disease manager, was the winner of the inaugural CII Claims Faculty achievement award last night at the Post Claims Awards.
Chartis exits "challenging" public sector
Chartis has claimed it is withdrawing from a longstanding arrangement underwriting UK public sector risks on behalf of an AJ Gallagher subsidiary because of a failure to secure "adequate and sustainable terms".
Insurers' PANIU recovers £10m but construction site theft rise signals new crime wave
The insurer-funded Plant and Agricultural National Intelligence Unit has in total recovered 411 items of plant worth £9.5m in total but highlighted growing theft of quad bikes and construction site robberies.
Ex Zurich CFO joins Deloitte GI actuarial division
Business advisory firm Deloitte has appointed Alex Poracchia as a new partner in the general insurance actuarial team.
Household to become 'new motor' as insurers warn of price hikes to come
Insurers have issued a stark warning that home insurance could become the 'new motor', with years of unprofitability followed by unpopular price hikes, prompting a government and consumer backlash.