Post - 2012-05-31
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…
Reservation of rights as a default position can render it impossible for insureds to finalise annual results, says John Hurrell.
Encouraging remarks emphasise that the good work insurers are doing must continue, says Barry Smith.
In the recent case of ICL v Johnston Oils (2012) the question was this: when should the court apply the standard of care of the reasonable man, and when should it apply the professional negligence standard?
UK financiers are battening down the hatches as they brace themselves for eurozone write-down effects, warns Andrew Holman.
Financial savings and court support have never been sufficient to switch insurers onto alternative dispute resolution in big numbers. Will the Jackson reforms provide the essential incentives?
Customers need to be offered more than just a cheap deal to persuade them to stay with an insurer, and tailored data can help achieve an increase in retention rates.
In an effort to bring down premiums, many drivers are telling 'white lies' on their application forms, compelling brokers to beef up their own fraud detection alongside insurers.
With several parts of the world engulfed by violence and civil unrest, is traditional terrorism and political risk cover increasingly irrelevant?