Insurer
Andy Webb quits L&G
Legal & General has confirmed that its operations director of the general insurance business has left the company for “personal reasons.”
Claims double following storms
GAB Robins said that heavy rain forecast for today in the west of Scotland could lead to flooding.
Fraud unit makes first arrest
The insurer-funded police fraud unit made its first arrest yesterday hours after launching.
IAG secures multi-year reinsurance protection
Insurance Australia Group has finalised its catastrophe reinsurance programme for the period commencing 1 January 2012, encompassing protection of up to $4.7bn ($3.63bn), compared to $4.1bn in 2011.
Biba members to benefit from crime requirements checking facility
Members of the British Insurance Brokers’ Association will be kept up to speed with their obligations under the Terrorism Act and the Financial Services Authority’s financial crime requirements following the association’s launch of a checking facility.
Allianz contract with breast implant maker invalid
Financial Times Deutschland has reported that Allianz claims its insurance contract with the French breast implant maker, Poly Implant Prosthesis, is invalid.
Allianz Legal Protection boosts finance team
Allianz Legal Protection has strengthened its finance department to provide additional commercial and financial support to its senior management team.
MENA Insurance think tank welcomes three CEOs
MENA Insurance CEO Club has welcomed three industry veterans to its exclusive club, taking the total to 17.
Axa warns 2012 could be 'worst on record' for household claims
Claims forecasters at Axa believe that a combination of factors such as a high proportion of public events and unusual weather conditions could make 2012 one of the worst years on record for home insurance claims.
Marsh completes acquisition of Alexander Forbes' brokerage business
Broker Marsh has completed its acquisition of the brokerage business of Alexander Forbes.
Nat-cats make 2011 the costliest year ever
A sequence of devastating earthquakes and a large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses, Munich Re’s annual natural catastrophe review has found.
Ascot forms underwriting consortium for power generation
Ascot Underwriting has formed the Strategic Power Consortium, a dedicated technical underwriting vehicle for the power and utilities industry.
Lorica boosts 'ambitious plans' with hires
Lorica Insurance Brokers has made a host of UK appointments.
ASA bans 'misleading' Direct Line ad
The Advertising Standards Authority has castigated Direct Line over a landlords’ insurance ad, featuring TV presenter Sarah Beeny, that claimed the insurer would beat any quote when it actually had a minimum price.
Catlin works on maritime risk reduction
Insurer Catlin has linked up with risk management firms Drum Cussac and Compass Risk Management to boost the services it offers to shipping clients with hijack, kidnap, extortion and wrongful detention exposures.
Axa and Japan Post ranked world's largest insurers
French insurer Axa once again came top of AM Best’s ranking of the world’s 25 largest insurance companies as measured by net premiums written, while Japan Post Insurance Company led the ranking measured by nonbanking assets.
RIMS names 2012 president
The Risk and Insurance Management Society has appointed Deborah Luthi to lead the society as president for the 2012 term.
Poole broker aims to meet demand with recruitment drive
A Poole-based broker is targeting future growth following the appointment of four new team members with more than 40 years combined experience.
Axa raises storm concerns amid spiralling claims
Axa bosses have this afternoon revealed they have received three and a half times the usual number of storm claims over the past 24 hours.
£9m police fraud unit opens for business
The insurer-funded police fraud unit officially launched today.
F1 star appointed non-exec director at Ellis Clowes
International motor sport broker Ellis Clowes & Company has today revealed a boardroom reshuffle which will see former Formula One driver and TV pundit Mark Blundell take up the role of non-executive director at the firm.
Argent launches online chat facility
Rehabilitation provider, Argent, has launched a facility to enable customers to directly interact with clinical professionals online.
Nat-cats dominate renewals with modest change on other classes
The volume of catastrophe losses in 2011 from unmodeled or inadequately modelled perils has lead reinsurers to be more forceful in their demand for greater transparency of data and look to sub limit their exposure to manageable levels, according to…