Global risk and reinsurance specialist Guy Carpenter & Company, LLC has announced the appointment of Liz Flynn to the position of global chief operating officer. Prior to joining the firm she worked for AIG as senior vice president of the Restructuring Office – Separation and Transition Management. In her new post Flynn will be based [...]
Parents are risking huge financial penalties by falsely claiming that they are the main drivers of their children’s car. Research commissioned by Young Marmalade and First Car Magazine found that the practice was widespread, with 41.79% of parents engaging in it. The practice, known as ‘fronting’, greatly reduces the insurance costs but is also illegal, [...]
Leeds-based Henderson Insurance has continued apace with its rapid expansion, with a dozen new appointments in a six week period. Chief Executive Joe Henderson explained that the 12 new positions were all additional roles, not replacements of outgoing staff. Brian Tourle leaves behind Coface to join as associate director of the Surety Division in London, [...]
The likelihood that tax rises included in this month’s emergency Budget will embrace Insurance Premium Tax (IPT) has prompted the British Insurance Brokers’ Association (BIBA) to warn that such a move would prove counter-productive. The IPT rate currently stands at 5% and according to BIBA, a rise would only discourage recession-weary individuals and small firms [...]
Aviva is calling on providers to make it easier for investors to move assets on and off fund platforms, without incurring tax liabilities and being out of investment markets. Re-registration allows investors to transfer assets between platforms without having to sell and buy again, and the group’s UK chief executive, Mark Hodges, wants this ability [...]
Churchill has advice for football enthusiasts who are proposing to buy a new television set to watch the World Cup. According to the insurer’s research, 18% of households are planning on upgrading their TV for the spectacle, with 5% having already done so. However, indiscretion over the disposal of the packaging can provide potential burglars [...]
Bermuda-based specialty provider of property and casualty insurance and reinsurance Endurance Specialty Holdings Ltd. has named John Zachry as the new head of the firm’s US insurance wholesale operations. In his new role Zachry’s responsibilities will be enlarged to include property and casualty underwriting, and he will report directly to President William M. Jewett. He [...]
International speciality property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Andreas Weber as the firm’s new group treasurer. Weber, who is to be based in Zurich, will join the firm in July and be directly responsible to Chief Financial Officer Benjamin Meuli. In his new position he will assume responsibility for [...]
Defaqto is calling into question whether insurance policy definitions of “family” are up to date, and urging parents to check their travel insurance policies to ensure children have adequate cover. According to the firm’s head of research, Brian Brown, many travel insurers will insure children and step-children as long as they live with the policyholder, [...]
Defaqto, the independent financial research company, now provides a new research tool aimed at motor insurance companies who wish to compare the appeal of specific and general product features to customers, with various demographic filters (such as age, gender, affluence and claims history). This new tool will allow insurers to tailor their products more precisely [...]
A quartet of bikers from Kwik Fit Insurance have raised £20,000 for the Royal Hospital for Sick Children at Yorkhill in Glasgow. The 1,600 mile ride around the coasts of Scotland culminated in Business Development Director Stevie Sutherland presenting Yorkhill’s Abigail Stein with a cheque for £20,000. Sutherland has said that the support the team [...]
Broker insurer MMA has announced the opening of its new regional office in Newcastle, and the team that will operate there. Business Development Manager Anthony Harris and Regional Underwriter Ian McIntire will lead the office, bringing a total of nine years experience at the firm to the new office. Commercial Director Derek Plummer stated that [...]
Willis Research Network is suggesting that the scientific models developed by insurers to assess the financial risks of extreme weather events could help governments and aid agencies develop strategies for sustainable development and poverty alleviation. According to Network chairman, Rowan Douglas, the methods used might help vulnerable communities deal with the impact of floods, droughts [...]
Lloyds TSB Insurance has recently announced that it is waiving the excess on its Home Solutions policy for claims that involve criminal activity such as burglary, theft, malicious damage, riot or arson. The new benefit involves no extra cost and applies to all Home Solutions policyholders until 31st May 2011. Lloyds TSB Insurance spokeswoman, Paula [...]
Marsh has announced that it is establishing a new International Nuclear Practice to handle concerns revolving around energy security and climate change. The new practice will be led by the head of Marsh’s UK power and utilities practice, Mark Popplewell, who will collaborate closely with the head of the US Utility and Nuclear Practice, Dan [...]
Marsh has launched a new practice to provide expert risk and insurance advice to UK insolvency practitioners. The move follows a sharp increase in demand for specialist insolvency products, and the practice will be led by Simon Dodd, previously national insolvency director at Willis. Joining Mr Dodd from Willis’s insolvency business are Paul Samme, Julie [...]
Demand for overseas travel has declined in the UK as a result of the state of the economy, belt tightening by consumers, rising unemployment and a fall in the value of sterling. According to a new report from Defaqto’s head of research, Brian Brown, overseas travel by UK residents fell by almost 16% in 2009, [...]
Matthew Yeldham has been named by AEGIS London as the firm’s new head of Casualty. Yeldham will join the firm on 12 July, subject to regulatory approval, and report directly to Active Underwriter David Croom-Johnson. Yeldham, who also becomes a director of AEGIS London, previously worked for Aspen as head of International Insurance and active [...]
Global risk and reinsurance specialist Guy Carpenter & Company, LLC has announced the appointment of Patrick Ryan as the firm’s new Irish Market representative. In his new post Ryan will be based in Dublin as a managing director, and will report to the firm’s London office. Prior to joining Guy Carpenter he worked for Willis [...]
Bupa Group Risk has launched a new website that aims to provide its intermediaries with a resource that covers all its products and services. Launched this week, the site offers tailored information such as technical guides, group risk updates and links to Bupa’s online quote facility. Project manager, Catherine Baxter, says: “ With the group [...]
