Liberty International Underwriters Europe (LIU Europe) has announced it is expanding its contract with red24, the global security assistance firm. Because of this, red24 will continue providing product recall expertise but also provide LIU Europe’s clients and brokers with kidnap, ransom and extortion (KRE) services. KRE policyholders will benefit from red24′s services, which are led [...]
Heath Lambert has teamed up with The National Autistic Society (NAS) to provide travel and life insurance for those living with autism. The broker is extending its “Unique” offering, which specialises in cover for people with pre-existing medical conditions, their families, carers and supporters. In what the firm claims to be an industry first, Unique [...]
Comet Replacement Services (CRS), which provides insurers and loss adjusters with product replacement support, has launched an SMS voucher service that speeds up the claims process. Using mobile voucher redemption technology developed by Eagle eye Solutions, Comet vouchers can now be delivered to any mobile handset via a text message. The message contains a ten [...]
The BBC has reported that the Law Commission is reviewing an aspect of insurance contract law that has resulted in huge numbers of claims being rejected over the years. Under the Marine Insurance Act 1906, the consumer has a duty of disclosure when completing an insurance proposal form. However, the Law Commission is dissatisfied because [...]
HSB Engineering has announced that it has appointed FWD to manage its corporate communications and media relations. The move has been made to help enhance its profile as a specialist engineering insurer and inspection service provider and support its brand strategy. In addition FWD will promote initiatives HSB is participating in to try and reduce [...]
In the Pre-Budget Report (PBR) Chancellor Alistair Darling announced changes to tax legislation in order to prevent tax avoidance from insurance premium tax (IPT) on insurance administration contracts. The changes come after HMRC suffered defeat in the High Court of Appeal in the Homeserve case. The amendments focus upon firms providing ancillary insurance cover in [...]
Keoghs LLP, the specialist insurance law firm, has recruited a trio of new associates to help it handle the rising demand for its fraud-related legal services. The Complex Fraud team will be bolstered with the addition of Miles Hepworth, a motor fraud specialist, and Elaine Ibbotson, both of whom join from Greenwoods Solicitors. Hepworth will [...]
Specialist directors and officers and professional indemnity underwriting agency DUAL Corporate Risks has announced the appointment of Jenny Martin to the post of underwriting director. In her new role Martin will become responsible for DUAL’s underwriting strategy and its direction within the UK. She brings decades of experience in London’s professional risks market and a [...]
Travellers who book flights on the Internet could soon be better protected financially, as the Government announces a review of the Air Travel Organisers’ Licensing (ATOL) scheme, which was set up in the 1970s. Transport Secretary Lord Adonis also wants to clarify the situation for holidaymakers who opt to “mix-and-match” carriers and accommodation, rather than [...]
Aia Software has released the results of research it has commissioned, conducted by Forrester Consulting. The Total Economic Impact (TEI) study was completed this month and surveyed European insurance and financial services organisations and found that those considering utilising the ITP Document Platform could look forward to risk adjusted return on investment (ROI) of 277%. [...]
The Association of British Insurers (ABI) has responded to yesterday’s Pre-Budget Report (PBR) delivered by Chancellor Alistair Darling in the House of Commons. The ABI’s acting director general, Maggie Craig, has condemned the additional increase in national insurance, describing it as a tax on jobs. Craig also criticised the absence of any measures to encourage [...]
The Association of British Insurers (ABI) has reported that the cost of fire damage in the UK has risen to record levels. During the first half of the year, insurers paid out £639 million, or £3.6 million a day, for damage caused by fires. The figure is at its highest ever for a comparable period [...]
Insurance broker and risk adviser Marsh has announced the appointment of Rod Ratsma as leader of its UK Business Continuity Management (BCM) team. He joined the firm last year as a consultant in the BCM team, leaving behind the role of Principal and head of Continuity Consulting with Siemens Enterprise Communications. Ratsma will succeed Martin [...]
Aon Risk Services has announced the appointment of Sandeep Malik as chief executive officer of Asia Aon Risk Services, effective from 1 February 2010. He joins Aon from Prudential Asia, where he worked as chief commercial officer. He spent over a decade with Prudential Asia, during which time he worked in the dozen country the [...]
Legal & General Unit Trust Managers has announced the appointment of Sean Gardner as head of Third Party Sales. Gardner brings a decade and a half of sales experience to his new position, and during his career has worked for Henderson Global Investors and Schroders. Most recently he worked for Schroders with responsibility for Head [...]
Novae Re, the reinsurance division of Lloyd’s insurer Novae Group, has appointed Alan Tomlinson as unit head of motor and general liability. Mr Tomlinson joins Novae liability underwriter, Iain Russell, having previously worked for Liberty Syndicates, where he developed a leading motor and liability account. Novae’s group underwriting director, Peter Matson, describes his experience in [...]
Speciality insurer, Torus, has announced that its parent company, First Reserve Corporation, has agreed to amalgamate the business with its other major insurance investment vehicle, Sideris Re Holdings. The latter owns a Bermudian class 3 reinsurer and provides the capital supporting Lloyd’s syndicate 2243, which writes a worldwide portfolio of upstream and offshore energy risks [...]
Novae Re, the reinsurance division of Novae, has announced the appointment of Alan Tomlinson as unit head of Motor and General Liability. He joins Novae Re from Liberty Syndicates, where he built up the organisation’s motor and liability account. Earlier in his career he occupied underwriting roles with Converium and Gerling, in London. Tomlinson will [...]
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced a pair of non-executive director changes. Guy Beringer’s appointment will be subject to the AGM in 2010 following his selection yesterday. For the best part of a decade Beringer worked as senior partner of Allen & Overy until he retired last year, having served [...]
