Insurer
Japanese quake and Thai floods create double BI blow
Insurers covering Japanese earthquake losses are facing unexpected increases in business interruption claims from manufacturers who moved production and sourcing of supplies to Thailand, according to law firm Reynolds Porter Chamberlain.
Ageas provides weather warning service for customers
Ageas has partnered up with WeatherNet, a source of weather data and information, in a move to help its customers prepare for potentially bad conditions.
Torus adds senior members to European P&C team
Insurer Torus has made two senior appointments with the aim of strengthening its European property and casualty platform.
Torus completes double underwriting recruitment coup
Global insurer Torus has bolstered its European offering following the appointment Brian Byrnes as senior underwriter for property and Marco Sonntag as senior underwriter for casualty.
Sterling strikes renewable energy cover deal with Huber Dixon
Sterling Insurance has teamed up with broker Huber Dixon to provide renewable energy cover to its specialist household and commercial customer base.
Towergate MGAs announce new underwriting panels
Fusion and Towergate Underwriting Household have outlined new capacity arrangements for the next five years.
Beazley forecasts profit despite cat losses
Specialist insurer Beazley still expects “to deliver an underwriting profit in 2011” despite catastrophe losses.
Grant Thornton gives Sperrin top role
Grant Thornton has promoted Jon Sperrin to partner in its financial services group to lead general insurance services.
Direct Line claim response to riots was “exemplary”
Direct Line has reacted to Labour MP for Tottenham, David Lammy’s, criticism of the insurance industries response to the August riots.
Allianz boldly goes into space insurance
Allianz Global Assistance has teamed up with the International Space Transport Association to offer cover for space tourism and commercial space flight.
Blaser returns to Allianz
German insurer Allianz has appointed former motor head Roman Blaser as chief underwriting officer of global automotive.
Insurers combat fraud and risk with increased software investment
Worldwide revenue at business analytics software and services provider SAS grew 25% over this time last year, as insurers battle with increasing volumes of data, and protecting both profits and customers from loss exposure though fraud and risk.
Rural launches first equine delegated authority scheme
Rural Insurance, the agricultural arm of UK General Insurance Group, has launched equine insurance solutions.
Marsh: mixed signals for 2012 energy insurance market
Excess capacity and continuing competition among insurers means that buying conditions remain favourable for many energy firms in the final quarter of 2011, but a possible change could be on the horizon for 2012.
EDB extends Nissan affinity partnership
Bosses at Equity Direct Broking are celebrating the news that an existing affinity partnership with Nissan has been extended for a further three years, following a lengthy tender process.
France and Italy assess flood damage
Torrential rains have caused widespread flooding in France and Italy during the first week of November after a low pressure system that developed over the Mediterranean Sea moved northwards, bringing high levels of precipitation.
AIM hit with two senior resignations
Affinity Insurance Management boss Neil Revill has this morning confirmed he has left the underwriting agency with immediate effect.
Zurich defends “woeful” riot response
Zurich has responded to Labour MP for Tottenham, David Lammy, who told BBC Radio 5 Live yesterday that the response of insurance companies following the riots, particularly Zurich, was "woeful".
Only Young Drivers reveals 'aggressive' growth strategy
Only Young Drivers has today announced that it will be outsourcing its day-to-day administration to Direct Group in a move which is said to support the firm’s “aggressive growth plans”.
Insurer capacity creates good conditions for energy firms
Excess capacity and continuing competition among insurers means that buying conditions remain favourable for many energy firms in the final quarter of 2011.
UK General and LIM sign new deal for expenses cover
UK General Insurance has signed a deal with Legal Expenses Management to provide its legal expenses cover.
Axa PPP to underwrite PHC medical insurance products
Bosses at the Permanent Health Company and Axa PPP healthcare have today announced an underwriting agreement involving all PHC medical and dental insurance products.
New Zealand market in “state of transformation”
New Zealand’s non-life insurance market is in a state of transformation as it grapples with prolonged earthquake activity in addition to regulatory developments, a new special report from AM Best has found.
Aon Benfield unveils updated UK terrorism catastrophe model
Aon Benfield has updated its UK terrorism catastrophe model to simulate attacks on more than 2000 potential targets, including places of worship, financial centres, infrastructure, government and military locations.