Loss adjuster MYI has landed a share of Zurich's commercial claims work, a contract that was previously handled solely by rival Cunningham Lindsey.
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 have today announced the appointment of Maggie Cowing to the newly created position of head of major and complex loss.
GAB Robins has recruited Maggie Cowing, pictured, to the newly created position of head of major and complex loss.
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 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.
The chairman and director of the Lorega, Malcolm Harvey, pictured, has retired.
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.
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 assistant adjuster and major loss surveyor John Newnes has won the Cardiff Chartered Insurance Institute Young Achiever of the Year award.
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.
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.
The Thai floods could be one of the top five costliest insurance events of the past three decades, according to AM Best.
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 expects a damage claim of at least €10m from the Costa Concordia wreck, according to reports.
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.
Global insurance rates continued to climb in most loss-affected geographies and classes of business in the fourth quarter of 2011, but rate decreases are still achievable in many lines of business, according to a report by Marsh.
Argent Liability Adjusters has appointed four new associate directors and made three new hires as it continues to expand.
Marsh has joined the United Nations Disaster Risk Reduction Private Sector Partnership to support work aimed at enhancing national and local resilience to disaster.
Moody's Investors Service has changed the outlook on the global reinsurance sector to stable from negative reflecting the momentum for a hardening in reinsurance rates, a refocusing on the value of reinsurance, and the good risk management and discipline…
THE MAJOR LOSS AWARD - WINNER - FITZGERALD CONSULTING
With the global nature of modern business exposing insurers to a variety of major loss challenges, Trevor Latimer assesses the consequences.
Espirito Santo Investment Bank has said the Australian floods will amount to at least two events, and given the mounting political pressure on the local primary insurers the burden for the local primaries is likely to be much more punishing than the…