esure is claiming a legal victory having secured a custodial sentence for a Mr Shah in Bradford High Court. Mr Shah was one of many car accident claimants who presented themselves to hospitals and GPs with apparent whiplash injuries, during 2008/9. Between them, they were claiming damages for injuries costing around £400,000. esure subsequently found [...]
The British Insurance Brokers’ Association (BIBA) has appointed AllClear Insurance as the provider of its new non-standard medical travel scheme. AllClear is a market leader in providing travel insurance to those with pre-existing medical conditions and the move will allow BIBA to enhance its existing travel offering. Available from today, BIBA Medical Travel allows members [...]
AXA Commercial Lines is undergoing a restructure aimed at maximising relationships with its brokers and revitalising local trading. According to the unit’s chief executive officer, Amanda Blanc, the business intends to “empower its branches and move decision making closer to the customer with support from leaner, more nimble central functions”. In future, branch managers will [...]
Global insurer RSA has announced the appointment of Chris Colahan as the new chief executive of Hong Kong. Colahan previously served RSA as country manager of Singapore and succeeds Chris Dooley, who vacates the role to become chief executive of the United Arab Emirates (UAE). Colahan has been with the firm for the last six [...]
The global airline industry is recovering, Aon Risk Solutions reports, with rising passenger numbers and fleet investments resulting in airline insurance premiums rising by an average 4% on 2010/11 placements. According to Aon’s market outlook report for 2011, after an overall decline in passenger numbers forecast for 2009/10 renewals, 2010/11 placements show a recovery in [...]
Chaucer has announced a new partnership with Nakhodka Re in Moscow and RFIB Ltd in London, to launch SeaLine, the first Lloyd’s coverholder in Russia. SeaLine, which received Lloyd’s coverholder approval last week, will underwrite cargo reinsurance risks across Russia’s Commonwealth of Independent States (CIS). Commenting on developments, Chaucer Syndicate 1084 head of production, Andrew [...]
Heath Lambert has announced some key appointments in Scotland, following reports earlier this week that staff on its regional team are moving to Towergate. Mark Bourke has been promoted to managing director Scotland, having previously spearheaded the broker’s recent successes with Transport Scotland project wins of the Forth Replacement Crossing and Borders Railway. In his [...]
In its latest Monthly Cat Recap report, Aon Benfield reveals that the earthquake and resultant tsunami that struck the northeastern coast of Japan on 11th March has to date claimed more than 12,300 lives and injured nearly 3,000 people. At least 15,000 people officially remain listed as missing. More than 830 aftershocks followed the main [...]
QuestGates has issued its analysis of and response to the news that Justice Secretary Kenneth Clarke has endorsed the Jackson reforms intended to tackle no win, no fee firms and to address other matters of civil justice. It is unclear precisely when the changes are due to come into force, though a new consultation seeks [...]
The Association of British Insurers (ABI) has today announced that the long-standing Concordat and Moratorium on Genetics, agreed with the Department of Health, has been extended to 2017. The moratorium means the results of a predictive genetic test will not affect a consumer’s ability to take out any type of insurance, other than life insurance [...]
The Insurance Fraud Bureau (IFB) has announced that its operating model is being restructured into five units: Operations, Analytics, Intelligence, Customer Management and Media/Communications. The bureau has also revealed more about its recruitment drive, saying that it is appointing new analysts, researchers, desk-top investigators, intelligence staff and relationship managers. According to director, Glen Marr: “The [...]
Beachcroft LLP has appointed a partner and two associates to its professional and financial risk and specialist and international risk teams. Paul Davison takes up the role of partner in the professional and financial risk group and will focus on work across the north of England, principally working out of the firm’s Leeds office. Joining [...]
Towergate Insurance is urging home owners, landlords and commercial property owners to take action to protect unoccupied premises. The broker points out that the number of empty homes across England has reached over 738,000, according to local authority records, and suggests that the current economic climate may tempt owners of unoccupied buildings to leave them [...]
Navigators Management Company, Inc. (NMC), the underwriting agency subsidiary of the Navigators Group, Inc., has announced a number of executive appointments. Henry A. Lopez has been named regional vice president of the Central Region, Mark J. Richards becomes president of the Primary Casualty Division and Lisa M. Uzzo is to be president of the Inland [...]
Beazley Group has announced the appointment of Alex Ricardo as privacy breach response manager within the Technology, Media & Business Services (TMB) professional liability group. Ricardo is to be based in New York, and will be directly responsible to Mike Donovan, leader of the TMB focus group. He will be tasked with directing the provision [...]
XL Insurance has announced that it has appointed Kadidja Sinz to the position of country manager for France. Sinz is to succeed incumbent country manager Guy Lallour, who is to retire in May. She brings more than a quarter of a century of experience in the European and French insurance markets to her new position, [...]
Liberty Mutual Insurance Europe (LMIE), a member of Liberty Mutual Group, have announced details of its expanded regional office network and management team. The firm has announced it is to commence operations in Birmingham and London, augmenting its presence in Bristol, Cheltenham and Manchester. The Midlands region will be served by the new office in [...]
The UK financial services sector has seen growth for the third quarter in a row, according to a new report from the Confederation of British Industry / PricewaterhouseCoopers (PwC). In the three months to March, business volumes grew across the sub-sectors, apart from banking, where volumes were stable, and finance houses, where they fell. In [...]
Aon Benfield has released its latest Reinsurance Market Outlook report, which provides an overview of the trends witnessed at the 1st April reinsurance renewals. The intermediary reveals that despite “a string of meaningful insurance events” and associated adjustments in pricing, the decline in US and European property catastrophe rates continues. Few European programmes renew at [...]
