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Natural disaster: Filling the $254bn insurance gap

The problem of underinsurance has been seen with a number of natural catastrophes recently. Lucia Bevere explains why relying on governments as a last resort is a risky strategy, and what insurers can do to tackle this area.

Ace promotes four as Pryce joins QBE

Ace executive vice president for financial lines overseas David Robinson has replaced Richard Pryce as UK and Ireland regional president for the retail insurance operations.

Economic turmoil and CBI top risks for industrial sector

The industrial and materials industry has had to change the way it prioritises resources for risk response, amid the struggling global economy and catastrophes including the Thailand floods and Japan earthquake, according to Aon Risk Solutions.

R&Q could eye a partner for Brit run-off

Run-off specialist Randal & Quilter has indicated it could be interested in taking over the Brit business put into run off after QBE takes over renewals in the UK, but said it expected to focus on a stream of profitable smaller run-off deals.

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