Major loss
Windstorm Dirk losses estimated at €275m
Storms which rampaged across the UK and France from 23 December to 25 December are to cost insurers €275m, according to data from Perils.
Europe a reinsurance buyer’s market claims Willis Re
Increased capacity, competition and changing market dynamics have created a buyer’s market for European cedants according to Willis Re.
Cunningham Lindsey cuts Morse, Lansdown from liability division
Loss adjusting giant Cunningham Lindsey has made two senior members of its liability services division redundant after an efficiency drive.
Tasmania bushfire losses could top AUS$49m
Losses from bushfires that have ravaged Tasmania in the past few days are expected to be around AUS$49m (€39m).
Post Blog: Christchurch Earthquake - A Loss Adjuster’s Diary
Having flown in to assess the latest recovery efforts from the series of devastating earthquakes and aftershocks that have afflicted New Zealand's south island city, Benedict Burke comes face to face with a rather different type of loss.
View from the Top: Back to the future
The insurance industry must look to the past and return to a client-focused approach, says Martin Owens
Sandy wreaks havoc in New York subway
The New York subway faces unprecedented challenges after flooding caused by post-tropical cyclone Sandy.
Zurich hands commercial claims role to MYI
Loss adjuster MYI has landed a share of Zurich's commercial claims work, a contract that was previously handled solely by rival Cunningham Lindsey.
More than $3.5bn Perils-based limits at risk
Perils AG has hailed the success of its industry loss index service, with the firm’s head of products describing it as “the industry loss trigger of choice” for transferring European storm risk to reinsurers and capital markets.
GAB Robins hires former Cunningham Lindsey adjuster
GAB Robins have today announced the appointment of Maggie Cowing to the newly created position of head of major and complex loss.
GAB Robins appoints ex-Cunningham Lindsey adjuster
GAB Robins has recruited Maggie Cowing, pictured, to the newly created position of head of major and complex loss.
Reinsurers to diversify more cautiously after 2011 cat losses
Reinsurers should tread with caution when looking to diversify their operations as increased exposure in natural-catastrophe prone regions could leave them open to large losses, Standard and Poor’s said today.
Charles Taylor sets timetable to boost international adjusting proposition
Charles Taylor Company has confirmed plans to enter the Latin America loss adjusting market before the end of 2012, just weeks after buying a majority stake in Saudi Arabia claims handling business Noble Inspection and Loss Adjusting.
Lorega chairman Harvey sails off into the sunset after 25 years
The chairman and director of the Lorega, Malcolm Harvey, pictured, has retired.
Questgates hires ex-Merlin staff for regional roles
Loss adjuster Questgates has recruited two members of Merlin’s Scottish based team in order to expand its presence in the country, including the establishment of a new regional office.
First Recovery teams up with Composite Legal Expenses
Disaster recovery company First Recovery, in association with Composite Legal Expenses, is set to launch what it says is a "unique" insurance policy at this year's British Insurance Brokers' Association conference.
Cunningham Lindsey young gun wins CII award
Cunningham Lindsey assistant adjuster and major loss surveyor John Newnes has won the Cardiff Chartered Insurance Institute Young Achiever of the Year award.
Nat cats caused economic losses of $380bn in 2011
Natural catastrophes resulted in 27,000 deaths and $380bn in economic losses during 2011, according to data compiled by Munich Re and analysed by the Worldwatch Institute.
Crawford dropped from Axa household panel
Axa has axed Crawford & Company as the main supplier of loss adjusting services for household insurance claims after four years, while GAB Robins and Cunningham Lindsey remain on its books.
Industry loss estimates for Thai floods increase to $15bn
The Thai floods could be one of the top five costliest insurance events of the past three decades, according to AM Best.
Energy business warned to learn from past losses
Energy businesses need to learn from past major loss events in order to reduce the risk of significant property damage losses, broker Marsh has warned.
Hannover Re could face €10m Costa Concordia claim
Hannover Re expects a damage claim of at least €10m from the Costa Concordia wreck, according to reports.
Mixed 2012 renewals for global reinsurance market
The 1 January 2012 renewals saw a shift in industry behaviour as both insurers and reinsurers implemented more sophisticated, customised approaches to risk assessment and mitigation, according to Guy Carpenter.