Insurer
Sullivan takes non exec role at CGSC
Cooper Gay Swett & Crawford has appointed Martin Sullivan as non-executive chairman of CGSC Delaware, the main board for the Group’s North American operations.
Career development: CII reveals new generation groups
The Chartered Insurance Institute has revealed the successful applicants for the third year of its new generation programme.
Market Moves: Busy insurers make a raft of hires along with a number of key departures
Insurers led the way in a recruitment frenzy this week. AIG swooped for a head of commercial property, while Hardy acquired a property treaty business unit manager. There were departures too, with QBE’s Steven Burns announcing retirement from full time…
Motor Insurance: Jumping the gun
Motor insurers’ over-eagerness to reap the anticipated benefits of the Legal Aid, Sentencing and Punishment of Offenders Act has resulted in a sharp drop in rates. With unprofitability increasing, where does the sector go from here?
Opportunistic Fraud: Zero tolerance
With opportunistic fraud attracting little public attention compared with large-scale organised fraud, the insurance sector is battling to change attitudes to such crime and develop methods to catch its perpetrators.
North of the Border: Jury still out on court reform plan
It’s been called a “great project of civil court reform” by Lord Gill, and it is true the draft Court Reform (Scotland) Bill is a significant part of the Scottish government’s programme to overhaul and update Scotland’s justice system.
Ace adds crime insurance to online trading platform
Ace Group has added crime cover to Ace Online, a web-based trading tool that allows brokers to quote and bind specialist insurance business.
C-Suite: Crystal clear on cyber crime cover
The industry needs to foster greater understanding and awareness of the very real threat of cyber crime.
Willis Re forecasts at least £300m loss from St Jude storm
UK losses from storm St Jude are likely to be in the region of £300-£500m, according to Willis Re.
Reader appointed global head of insurance at KPMG
KPMG has promoted head of insurance advisory in the UK Gary Reader to the role of global head of insurance.
Business growth sees Enterprise appoint SSP to replace legacy systems
Gibraltar-based Enterprise Insurance has selected technology solutions provider SSP to replace its existing legacy administration systems.
Saga appoints IPO advisor
Acromas-owned insurer Saga has appointed STJ Advisors ahead of a 2014 float.
Australian catastrophes have cost AUS$8.8bn since 2010
Catastrophes since the start of 2010 have caused billions of dollars of damage across Australia with insurance losses of more than AUS$8.8bn ($8.4bn).
Flooding expected as South bears brunt of storm damage
The insurance sector faces a hefty bill from storm St. Jude, as claims start to filter through from across the UK.
Former Lloyd’s exec Langley to head UK Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
XL Group appoints Asia property fac head
XL Group has appointed Pamela Ross to the position of vice president, property facultative for the Asia region.
LV CEO predicting motor rates recovery as GWP continues to fall
LV group chief executive Mike Rogers has blamed falling motor premiums for a £20m drop in the firm’s general insurance gross written premium total for the opening nine months of the year.
Insurers braced for aftermath of St Jude storm
Insurers are assessing the damage this morning after strong winds battered England and Wales throughout Sunday night and Monday morning.
Hanks named Purple Partnership non-exec chair
Former Allianz Commercial boss Chris Hanks has been named non-executive chairman of Jelf-owned broker network Purple Partnership.
The importance of excellence in claims management
Challenged with the impact of doing business in a difficult economic environment, is it any wonder that the term ‘going back to basics’ has become more common place in the board rooms of companies?
Insurance Europe calls for amendments to IASB accounting rules
Insurance Europe has welcomed revised proposals from the International Accounting Standards Board to account for insurance contracts but has asked for further amendments to achieve "a workable accounting standard".
Insurance Europe urges IASB to amend draft accounting standard
Insurance Europe has welcomed the revised proposals by the International Accounting Standards Board to account for insurance contracts (IFRS 4 Phase II) but has asked for further amendments to the current proposals to achieve a workable accounting…
Ace appoints Moghrabi regional president for Continental Europe
Ace Group has appointed two senior executives in Continental Europe.
Ace appoints Moghrabi regional president and Reiss regional COO for Continental Europe
Ace Group has appointed two senior executives in Continental Europe as it completes a number of internal promotions within its regional management team.