Markel International has won the Claims Team of the Year Award at Insurance Day’s London Market Awards in London. Markel International Claims Director Stuart Willoughby was delighted at the firm’s award success, the second time in three years that the firm has won the Claims Team of the Year Award. Willoughby attributed the triumph to [...]
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced that Catlin Re Switzerland Ltd. has been given the green light by the Swiss Financial Market Supervisory Authority to operate as a reinsurance company. Catlin Re Switzerland will be capitalised with US$1.1bn, and if Standard & Poor’s Ratings Services’ prediction of last month proves [...]
AEGON is announcing a new organisational structure for its operations in Asia at an investor conference held today. Under the leadership of newly-established chief executive officer AEGON Asia, Douglas Henck, all Asian-based insurance businesses will be managed as one regional division headquartered in Hong Kong. Mr Henck has held a number of senior management positions [...]
Car insurance claims are up 23% as a result of the severe winter weather conditions, AA Insurance has reported. Snow and ice have left motorists colliding with a range of vehicles and stationery objects, with incidents such as tail-end collisions at traffic lights or roundabouts and sliding into other road users the most common. Claims [...]
Manchester based Bridge Insurance Brokers Limited (Bridge) has been named Independent Regional Broker of the Year at the Insurance Times Awards 2010. The national awards, held last week at Battersea Evolution, London were described by Insurance Times Editor-in-chief, Ellen Bennett, as a celebration of ‘the best the insurance industry has to offer’. Insurance Times said [...]
Standard Life is acquiring Focus Solutions Group for around £42 million in cash. Focus Solutions provides software and consultancy solutions to the financial services industry and the transaction is consistent with the insurer’s intention to step up investment in its leading corporate and retail propositions. The combination of Focus’ technology with Standard Life’s Wrap platform [...]
Beazley has announced that Rolf Tolle has been appointed as a non-executive director, and Adrian Cox as an executive director, both with effect from 6th December 2010. In June 2010, Mr Tolle joined the board of Beazley Furlonge Ltd, the Lloyd’s managing agency which forms part of the Beazley group, having retired as franchise performance [...]
Loss adjuster, ASL, has announced that Simon Bailey has joined the firm as a director, becoming a member of a senior team responsible for financial sector business. ASL specialises in the financial and legal sectors and Mr Bailey has specialist knowledge of losses affecting financial institutions arising from employee dishonesty, theft and fraud. He also [...]
Aon Risk Solutions has launched a policy for restaurant owners, claiming that it offers a greater level of protection than has previously been available. According to the firm, traditional restaurant protection policies provide cover for media reports of actual or alleged food contamination or tampering. However, Aon’s new offering includes public health scares: for example, [...]
Crawford & Company has announced the appointment of Eduardo Kimsi as its new general manager for the firm’s operations in Mexico. During his 15 year career he has worked for a number of loss adjusting companies and brokers in both Mexico and London and brings a broad range of experience to Crawford. Kimsi will be [...]
The UK has been in the grip of subzero temperatures for around a fortnight, but the worst could come when the thaw arrives, general insurer Ageas has warned. Experts have stated that thawing conditions are ideal for leaking pipes, risking indoor flooding in the worst scenarios. Managing Director Mark Cliff has warned that a burst [...]
Ageas has enjoyed a number of award successes as the year draws to a close, winning a quartet in the last fortnight. For the third year on the trot Ageas (previously Fortis) won the Incisive Media Gold Standard for Insurance in recognition of its robust business structure and customer-focused approach. The Incisive judging panel praised [...]
Amlin has announced the appointment of Lloyd Fielder to the position of leading class underwriter, and tasked him with the development of the firm’s Professional Lines business. He previously worked for a seven year period with Beazley plc, and brings more than a quarter of a century of experience to Amlin’s Property and Casualty team. [...]
Aon Risk Solutions has announced the appointment of Vincent West, who joins the UK Global Risk Consulting team and leads the business continuity practice. West brings more than two decades of experience in business continuity and risk management to the firm, and will be tasked with consolidating and improving the intellectual capital and business continuity [...]
The Government has announced a number of changes to legislation to tackle tax avoidance, some of which take immediate effect. The move follows this autumn’s publication of a code of conduct on taxation for banks and other financial institutions, which have already agreed to adhere to the spirit, rather than the letter, of UK tax [...]
The British Insurance Brokers’ Association (BIBA) has appointed Broker Direct as a scheme provider, offering private motor and light commercial vehicle products. The move means that BIBA members will have access to a variety of motor vehicle products and a guaranteed fast-track agency application process. They will also benefit from access to BDAssistance, a breakdown [...]
Guy Carpenter’s CasCat model has been named “Insurance Initiative of the Year” at the Insurance Day 2010 London Market Awards, which recognise outstanding work in the London (re)insurance market. CasCat, which is based on an integrated evaluation of an entire casualty portfolio, was developed in conjunction with risk-modeling specialist, Arium. It enables insurers to adopt [...]
A commercial division of Willis Group Holdings has been named “Broking Team of the Year” at the Insurance Day London Market Awards. FINEX National received the accolade for “leading the way” in providing insurance solutions for Directors & Officers (D&O) Liability, Professional Indemnity (PI), Commercial Crime and Financial Institutions cover. Based in Ipswich, London and [...]
Home and contents insurer Hiscox is advising home owners to be on the look out for burst pipes. When the snow and ice begin to thaw leaks caused by burst pipes may become more noticeable, as water leaks into the property. Hiscox home insurance expert Austyn Tusler explained that the unusually early onset of freezing [...]
