Insurer
Rocket crash likely to hit launch underwriters
A Russian rocket which exploded over Kazakhstan is unlikely to have been insured, but may still have implications for satellite underwriters.
Covéa appoints ex-Brit distribution boss Tim Grant
Covéa Insurance has appointed Tim Grant to the newly created position of micro SME leader.
Career file - David Godsoe: Godsoe goes solo in RSA cargo business
David Godsoe is to solely lead RSA's London market cargo business after jointly managing the division for 18 years.
Market Moves: Hires at RSA, Keelan Westall and MGAA among the week’s major moves
Moves within the insurer and broking spaces once again dominated the recruitment radar this week, as RSA unveiled high-profile changes within both its boardroom and its London market offering. Keelan Westall, meanwhile, moved to reinforce its growth…
Markel recruits Aspen adjuster for senior claims role
Specialist insurer Markel has swooped for a former Aspen and QBE adjuster to bolster its claims team.
Insurers welcome Flood Re but call for clarity over liability
Insurers’ agreement to the terms of the Statement of Principles for another two years will provide the Association of British Insurers and government enough time to resolve outstanding issues around the implementation of Flood Re, according to the trade…
Law Society’s motive behind new PI scheme called into question
Brokers doubtful scheme will mitigate threat posed by unrated insurers.
DAS and Broker Network launch commercial legal expenses scheme
Legal expenses insurer DAS and Broker Network have launched a new commercial legal expenses scheme for Broker Network and Countrywide ‘Complete’ members.
Ageas goes live with Quindell system
Ageas has implemented and gone live with Quindell’s rating and underwriting engine Napier.
Analysts warn Direct Line is playing "catch up" on costs base despite 2000 job cuts
Liverpool, London and Croydon offices due to close in expanded cuts programme.
Hong Kong insurers criticised over fee calculation
Household insurers in Hong Kong have been accused of inflating premiums by using a discredited measure already banned in the new-homes market, the Legislative Council's housing panel has heard.
Expertise-in-Action: Q&A with Richard Smith
In recent years the insurance industry has made a concerted effort to improve its record on professionalism.
Editor's comment: Flood Re: worth the wait?
When something is worth waiting for, the anticipation can make the reward even sweeter.
Indian employers' insurance inadequate, claims ICICI survey
One in every four employers in India believe that the existing sum insured taken for their employees is inadequate, according to an online survey by ICICI Lombard General Insurance.
Expertise in Action: Professionalism: Testing, testing
Testing, testing
Expertise in Action: Professionalism: Pros & Cons
Qualifications aren’t the be-all and end-all when it comes to professionalism – training, working together and sharing knowledge across the industry are equally important.
Markel hands Richardson European retail claims role
Markel International has promoted Mike Richardson to the role of European retail claims manager.
Coface to insure companies exporting to Croatia
Credit insurer Coface will start insuring companies exporting to Croatia following the country’s accession to the European Union.
Interview: Anne McIntosh: Making waves
As chair of the Environment, Food and Rural Affairs Select Committee, MP Anne McIntosh has been at the forefront of the struggle to find a flood risk solution. Despite success on that front looking within reach, she tells Post the hard work is not over…
CIRC approves agricultural insurance
The China Insurance Regulatory Commission has granted insurance companies more access to agricultural insurance, according to reports by Beijing Business Today.
Coates returns to Australia after stepping down as Dual CEO
Damien Coates is to step down as chief executive of Hyperion Insurance’s underwriting arm Dual, after agreeing to swap roles with the firm’s deputy CEO Shane Doyle.
View from the Top: Do not adjust your sets
So here we go again. Nine months after offering renewal to 1300 UK law firms – and less than two years after they entered the market – an unrated insurer, with a ‘passport’ into the UK insurance market, has been forced to cease trading having been…
View from the Top: A step closer to easing flood pain
Flood Re will help resolve the flood problem but insurers and government must still do more.
Penny Black's Insurance Week - 4 July 2013
Penny loves a bit of transatlantic rivalry – especially with Andrew Torrance keeping up the British end in the US – so was saddened to hear tales of former Crawford & Company fraud chief Bobby Gracey being bested by Yankees.