Insurer
AEGIS names non-exec director
AEGIS London has appointed Michael Onslow to its board as a non-executive director.
Thai floods: Crawford predicts claims disputes
Insurers could be lumbered with subrogation costs, reinstatement and difficulties calculating contingency business interruption claims from the Thailand floods.
Solvency II will drive UK M&A, Fitch predicts
Fitch Ratings expects Solvency II and low valuations to result in further merger and acquisition activity in the UK non-life insurance sector in 2012.
FSA slaps CICA with £2.8m fine for poor customer treatment
Combined Insurance Company of America has been fined £2.8m by the Financial Services Authority after “systematic failings” across the business were identified.
Barclays Corporate steps up NBFI push with insurance appointment
Bosses at Barclays Corporate have vowed to continue to develop the firm’s non-bank financial institutions following the appointment of new head of North American insurance Karla Maloof.
Ace dental plan gains foothold in Asia
Ace Asia Pacific, part of global (re)insurer Ace Group, has extended its Ace Dental Care plan to several Asian countries.
First Assist in Legal 4 Landlords deal
First Assist Legal Protection has signed a deal with Legal 4 Landlords to provide up to £50 000 of legal expenses insurance for property disputes, including eviction, and ongoing rental payments in the event of tenant default.
MPs demand changes to riot payments
MPs on the Home Affairs Committee have demanded the government speed up payments to victims of future riots and permanently extend the application deadline to 42 days.
Towergate signs development manager
Towergate Underwriting has announced that Eileen McFadden will be heading up the newly created role of corporate partner development manager at the firm.
Insurers warn of Christmas car crashes
According to Axa there has been a 45% rise in accidents between 20 and 24 December over the past two years compared with the rest of December, meaning up to 56 000 drivers could be involved in a collision during this period.
Charles Taylor and RBL Italia enter Italian loss adjusting association
International loss adjuster, Charles Taylor Adjusting, has entered an exclusive association agreement with RBL Italia Srl in Italy to work together on all non-marine classes of business.
Charles Taylor adjusting and RBL Italia enter loss adjusting association in Italy
International loss adjuster, Charles Taylor adjusting, has entered an exclusive association agreement with RBL Italia in Italy to work together on all non marine classes of business.
Europa placed on positive watch ahead of acquisition
Europa has had its rating watch upgraded in high of its proposed takeover by Talanx.
EC data protection regulations could generate opportunities for cyber insurers
Draft regulations from the European Commission on data protection will impose significant demands on businesses and could generate new opportunities for cyber insurers, according to law firm DAC Beachcroft.
Motor insurers challenged to ditch mainstream methods for competitive advantage
Motor insurers must challenge mainstream thinking and draw from experiences in other industries if they are to truly gain competitive advantage over their peers according to a report out today.
Scor expects €140m in Thai flood losses
French reinsurer Scor estimates its losses from the floods in Thailand at €140m net of retrocession and before tax.
Data protection measures could increase demand for cyber risk products
DAC Beachcroft said that draft regulations from the European Commission on general data protection which recently appeared online will introduce “wide ranging changes” to the data protection regime in Europe.
Determining liability for cyberbullying
The rise of the internet has opened the door to a new form of bullying and US insurers have become wary of the threat this poses to insurance. Lauren Jankowski explains that European insurers would do well to be wary of this threat as across the pond…
View from the top: Regulation - it’s a matter of the right amount
Time and again, debates rage as to the role of the European Central Bank in the crisis.
View from the top: Market volatility and risk – ‘Keep Calm and Carry On’
As 2011 draws to a turbulent end, minds are now focusing on how best to tackle the continued economic volatility that 2012 is sure to bring for risk managers across the world. Never has the old adage ‘Keep Calm and Carry on’ been more appropriate.
Partner Re to take $88m charge from Tohoku quake
PartnerRe is set to record a charge of approximately $88m (€67.2m) to reserve the full limit of its Tohoku Earthquake exposure related to its largest Japanese cedant.
Kennedys invests in transport and logistics with key appointment
Kennedys today confirmed the appointment of Christine Branton, in a move which is expected to boost the international litigation firm’s transport and logistics practice.
FSA appoints Peter Vipond
The Financial Services Authority has appointed former ABI employee Peter Vipond as head of department, insurance division.
Insurers respond to proposed dangerous dogs guidelines
Yesterday judges published the first proposed sentencing guidelines for people convicted for dangerous dog offences in England and Wales.