Zurich Insurance
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.
Zurich promotes two in global GI business
Zurich Insurance Group has named Swiss national Claudia Dill as chief operating officer for its general insurance business to replace Belgian national Dirk De Nil who becomes head of sales and distribution.
In conversation with Zurich: Keeping on the right side of the Control of Major Accident Hazards Regulations
If a firm uses or stores sufficient quantities of dangerous substances, they fall under the Control of Major Hazards Regulations 1999, known as COMAH.
Health and Safety: Inspectors go hi-tech for a better service
Technology is transforming plant and equipment inspections and creating substantial improvements in the quality, speed and effectiveness of the inspections carried out and the inspectors that undertake them.
Health and Safety: All about the money
Facing a huge cut in its budget, the Health and Safety Executive is preparing to claw back the shortfall. But plans to charge fees for interventions have met with a mixed response.
Benign weather and rate rises result in record reported profits for insurers
Insurers have reaped the rewards of benign weather and rate rises in catastrophe hit regions, but analysts warn the worst could be yet to come.
BIBA 2012 Video: Is mandatory commission disclosure inevitable?
Today at Biba we asked attendees about their reaction to the recession and whether it has affected clients.
Friend or Foe: Q&A with Accident Exchange CEO Steve Evans
Steve Evans has spent four years bringing the activities of rate surveyor Autofocus to light, making him an unpopular figure in insurance circles.
Zurich UK GI lags behind group with COR of 101.3% and underwriting loss
Zurich's UK arm has reported a business operating profit of $32m for the first quarter of 2012 (Q1 2011: $40m).
Second motor summit puts whiplash and young drivers at top of agenda
A proposed panel of independent medical practitioners to tackle whiplash, and affordable cover for young drivers, topped the agenda at the second motor insurance summit at Whitehall, as Transport Secretary Justine Greening lamented there is "no one…
Proposals for standardised contract law spark debate among UK insurers
Industry leaders have vowed to keep a close eye on EU proposals to harmonise insurance contract law across the continent, amid concerns that brokers could face policy wording headaches.
Post Broking Supplement: Interview with Reich MD Simon Taylor
Reich Insurance managing director Simon Taylor talks acquisitions, art and his "service, service, service" mantra.
RTA Portal extension: Delivering swift justice
The extension of the road traffic accident claims portal has met with mixed reactions, with concerns over the practicalities involved and how it will affect the personal injury market.
Jubilee hires former Swiss Re boss for speciality role
Lloyd's insurer Jubilee has appointed David O'Sullivan as head of life in a bid to grow the speciality life business.
Zurich's 'A+' IFS rating affirmed
Zurich Insurance Company's 'A+' insurer financial strength rating and 'A' long-term issuer default rating have been affirmed by Fitch, which cited the insurer's strong capital position and "resilience in the challenging operating environment".
Zurich pledges broker commitment as 15% of staff cut in PL shake-up
Zurich has moved to reassure its brokers following the news that it will cut almost 15% of its UK workforce and transfer a big chunk of its personal lines business into its own broker, Endsleigh.