Insurer
September 11 attacks have made insurers more resilient to ‘unthinkable' events
This is one of the findings of the latest report into the event by International insurance think tank, The Geneva Association.
ABI calls for an end to the “have a go” compensation culture
Leading retailers and business groups join forces with the Association of British Insurers in calling for an end to the “have a go” compensation culture.
Travelers attracts Sawyer from QBE
Travelers has poached QBE’s David Sawyer (pictured) to be assistant general manager for its professional indemnity portfolio.
Generali Deutschland expected to grow above market average
Generali Deutschland Holding AG and its main subsidiaries have received financial strength rating of A+ (Superior) and issuer credit ratings of “aa-”.
Cunningham get travel claims fraud role
Cunningham Lindsey has secured the contract to become the sole supplier in respect of travel claims fraud investigations for Ageas Insurance.
Bluefin offers support to outgoing underwritng MD
Underwriting bosses at Bluefin have moved to wish outgoing managing director Kevin Hancock “every success for the future” following his decision to resign.
Insurance Insight September: Renewable energy, mobile technology and THB
Insurance Insight September is now live with an article on insurers’ growing interest in renewable energy; a look at the new demand for mobile insurance; and an interview with broker THB to find out about its latest expansion plans.
Far East poll results
Find out what the market voted for on far East investment in the EU.
Embracing the mobile technology boom
Recent research suggests that with consumer demand for mobile devices on the increase insurance cover is set to grow. Jakki May reports on whether insurers are taking full advantage of this in emerging Europe.
The growing interest in renewable energy
The renewable energy market is gaining in popularity across Europe and insurers seem keen to be at the forefront of the sector. Anne-Louise Fogtmann explores whether the market insurers have enough knowledge of new technology in this sector and what they…
Tokio Marine appoints senior underwriter
Tokio Marine Europe Insurance has recruited John Gibson as senior marine underwriter.
Aspen pulls out of solicitors' PI
Aspen Risk Management will not write any more solicitors’ professional indemnity for the "foreseeable future".
Spanish funeral insurer Ocaso receives A+ rating
Spanish insurer Ocaso, S.A. Seguros y Reaseguros has had its financial strength rating affirmed as A+ (Superior) and the issuer credit rating of “aa-” by ratings agent AM Best. The outlook for both ratings is stable.
Randall & Quilter's H1 profits fall
Run off experts Randall & Quilter has reported half-year income up 17% to £18.8m (£16.1) but saw its pre-tax profit plummet to £3m from £5.8m.
ALC Health launches new travel insurance plan for EU residents
International medical insurance provider ALC Health has launched a new global travel insurance plan designed exclusively for European Union residents regardless of nationality.
Abbey to grow in legal consultancy
Abbey Protection will grow from an insurer to more of a consultancy firm with the liberation of the solicitor market. It will increase the 70 lawyers it employs and target its 350 000 SME customers to provide a wide range of legal services direct.
Clausen Miller Europe expands into Germany
Multi-national partnership Clausen Miller Europe has strengthened its international insurance and reinsurance capabilities by collaboration with its new partner Wilhelm Rechtsanwälte.
Prima completes €1.4m funding
Prima Solutions, software provider for life, P&C, large commercial risks and reinsurance Software, has completed a €1.4m round of funding.
Hurricane Katia could threaten US
It is too early to tell whether Hurricane Katia, which was today given ‘hurricane status’, will threaten communities in the Caribbean, Bermuda or in the US, according to early reports from Risk Management Solutions.
Insured losses for Hurricane Irene "manageable" $6bn
The insured loss estimate for Hurricane Irene is said to be between $3bn to $6bn making the impact on insurers “material” but “manageable”, according to Fitch Credit Ratings.
Tryg invests in African renewables
Danish insurer Tryg has invested DKK50m (€6.7m) in a Danish investment fund which aims to boost the development of renewable energy in the southern part of Africa.
Brit warns about untrained lorry drivers
Brit Insurance has issued a stark warning that shop shelves could be left bare and consumers will struggle to buy essentials such as bread and milk if truck drivers fail to comply with incoming EU driver training rules.
Abbey profits rise despite ATE drop
Legal and professional fees insurer Abbey Protection has announced half year results showing revenue and pre-tax profit up 6% with revenue at £18.3m (H1 2010: £17.3) and pre-tax profit at £5.0m (£4.7m).
Comment- mutuals: Public preference
Mutuals can be overlooked or underused by public bodies, but Allan Guest argues that they are the most cost-effective and appropriate choice for public sector risks.