Insurer
Ruling “sting in the tail” for insureds
Michael Frisby, partner in the dispute resolution team at law firm Stevens & Bolton has commented on a test case which has opened up the possibility of legal expenses policyholders choosing their own solicitors.
Ruling puts paid to ‘cash-cow’ legal expenses insurers
A test case in the High Court has opened up the possibility of legal expenses policyholders choosing their own solicitors.
Clayden and Egan land new Aviva roles
Dominic Clayden and Sean Egan have been handed new executive level positions at Aviva.
Dublin City activates emergency flood plan
A major emergency has been declared in the Irish capital Dublin after severe flooding hit the city.
Global insurers restricted in Ireland after downgrade
Allianz, Aviva and RSA Insurance have been restricted from providing cover for Irish state companies because Ireland has been demoted by credit rating agencies.
R&Q gets £30m bank takeover fund
Randall & Quilter has completed a £30m funding package with Clydesdale Bank Corporate and Structured Finance to fund future acquisitions.
Earthquakes call into question building code enforcement in Turkey
The Turkish government introduced new construction codes following the 1999 earthquake, but there are fears these may not have been enforced.
Turkish Catastrophe Insurance Pool only covers 7% of homes in earthquake zone
The Turkish Catastrophe Insurance Pool has low penetration in the Van region, which was hit by an earthquake this weekend, according to RMS.
Groupama sacks CEO Jean Azéma
Groupama has sacked its CEO Jean Azéma who has been blamed for the company’s credit rating downgrade.
Ellis Clowes makes senior appointment
Specialist Lloyds insurance broker, Ellis Clowes & Company, has hired Karen Woodley as commercial director of the group and board director of Ellis Clowes (commercial).
Canadian EGI acquires controlling stake in Danish insurer
EGI Financial Holdings has acquired a controlling interest in QIC Holdings ApS, a Danish holding company with a wholly-owned subsidiary, Qudos Insurance, a newly-incorporated insurance company, based in Denmark.
Gcube covers Italy’s biggest wind farm
Renewable energy project underwriter Gcube has been selected by Nsure to underwrite Italy’s largest wind power project, the Falck Renewables Buddus - Al dei Sardi wind farm.
MIB supports the met in major crackdown
Following a major operation to target uninsured drivers and disrupt criminal activity in London on 19 October, the Motor Insurers’ Bureau has taken the highest number of calls to their dedicated police helpline since it was started in 2007.
Willis Group appoints new CEO and president
Global broker Willis Group has appointed Daniel Wilkinson as the new CEO of Willis United Kingdom & Ireland.
Terrorists to carry out only small attacks
Catastrophe risk modelling firm AIR Worldwide says terrorists can only carry out smaller scale attacks with less powerful weapons carried by worse-trained operatives, reducing the terrorist risks faced by the US.
Zurich hits Allianz for SME underwriter
Zurich’s has appointed Allianz’s SME underwriter manager Russell Corbould-Warren to the newly created role of head of SME underwriting.
Groupama offers PA toolkit for brokers
Groupama has created a personal accident broker toolkit downloadable from its website as part of its campaign to raise awareness of the value of personal accident cover and help brokers sell more.
LAS recruits flooring validation manager
LAS Claims Management has confirmed it is to launch a range of dedicated claims validation services following the appointment of Martin Edwards, the former business development manager of Independent Inspections.
Sovereign default moves up 'known unknowns' risk list
Sovereign default has risen four places to second position for the top fifteen extreme risks while depression retains the top position and hyperinflation moves to third.
Turkey earthquake was 7.2 magnitude
Damage reports are still emerging after a magnitude 7.2 earthquake struck eastern Turkey on Sunday.
France and Japan largest purchasers of cat reinsurance
France and Japan are the largest purchasers of excess of loss per event treaties according to a new report by Aon Benfield.
MA Assist delivers 30% cost savings in UIA tie up
MA Assist has won a three year contract to provide building claims and fulfilment services for UIA Insurance.