Product liability
AIG raises contaminated product limits to $35m
American International Group has launched a web-based service to help companies estimate the cost of recall incidents, and expanded its available accidental contamination coverage limits to $35m.
AIG unveils space risks protection
AIG has unveiled a new product to protect satellite owners and operators for the launch and the first 10-years of the satellite’s in-orbit operation.
Collective redress rules are a "let down for consumers" says BEUC
The European Commission’s guidelines on collective redress mechanisms in European member states do not go far enough, according to The European Consumer Organisation BEUC.
Product recall: Total recall cover
After the horsemeat scandal thrust product recall insurance into the limelight, do insurers need to rethink how they offer such cover?
Surgeons offered complication cover following breast implants scandal
A compulsory scheme providing cosmetic surgeons with complication insurance cover has been earmarked as an important step towards avoiding a repeat of the aftermath of the Poly Implant Prothèse scandal.
Master programs: A complex world
Companies are expanding from West to East, and from East to West; risks are rising and regulations becoming more complex. Andrew Tjaardstra discovers some of the key considerations that should be taken into account when arranging a global insurance…
Guy Carpenter appointment signals focus on European casualty market
Guy Carpenter & Company has appointed Georg Fuelles as head of European casualty strategy.
Dual launches general liability division
Dual will write speciality liability business from a new division led by John Murphy.
Liability insurance buying on the rise for EMEA firms
Companies in Europe, the Middle East and Africa are buying higher levels of liability insurance as fears increase over possible claims during the economic downturn.
AGCS unveils new reputation protection product
Allianz Global Corporate & Specialty is to launch a new product next month designed to help companies protect their reputation in times of crisis.
Food liability insurance in China: a promising market yet to take off
China has recently faced a number of food scandals leading to a public outcry for safer products. Artemisia Ng investigates whether insurers have the appetite to underwrite this market.
MUM enters international market
Broker-only managing general agent Manchester Underwriting Management is entering the international market.
Liberty Europe appoints Whelan as senior underwriter
Liberty International Underwriters Europe has appointed Brenda Whelan as senior underwriter – crisis management.
Liability - Cosmetic treatments: Smoothing out the wrinkles
With a rise in cosmetic treatments, there is more scope for problems, as the recent PIP implants scandal has shown - whether it is clinical negligence or a product defect, insurers must be wary.
Product recalls jump 27%
UK product recalls have jumped by 27% from 229 in 2010 to a record 291 in 2011, the second year in a row to see record breaking increases, says City law firm Reynolds Porter Chamberlain.
Insurers in the dark over E-coli outbreak
A Lockton broker has warned insurers remain in the dark over their exposure to a widespread E-coli outbreak that has killed at least 22 people and left hundreds seriously ill.
Giles sells life sciences book to Oamps
Giles is understood to have sold its life sciences business to Oamps Special Risks.
Post history - 30 years ago: Preservatives cancer risk fear explored
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 30 years ago reveals.
Gable to review business as profit soars 76%
Gable is to embark on a “complete review” of the business in preparation for the implementation of Solvency II.
Gable to review business as profit soars 76%
Gable is to embark on a “complete review” of the business in preparation for the implementation of Solvency II.
Interview - Michael Walter & Edward Maddison: Engaging the next generation
Lynn Rouse talks to ASL's Michael Walter and Edward Maddison about expanding horizons, operational expertise and engaging the firm's next generation.
Risk report attacks industry failures
The insurance industry's failure to make significant changes to the "deficient" commercial lines sector has been "wholly unacceptable", according to research firm Mactavish.
Macmillan Sheikh launches first scheme for security industry
The scheme will be administered by Macmillan Sheikh under a delegated authority binder agreement and has been developed with A-rated capacity from specialty insurer Inter Hannover.