Insurance think tank, The Geneva Association, has appointed Donald Inscoe as head of institutional relations. Mr Inscoe is a former secretary general of the International Association of Deposit Insurers and deputy director of the Federal Deposit Insurance Corporation (FDIC), in which post he was recently seconded to the US Treasury Department as senior advisor to [...]
Arc Legal Assistance has secured a product and distribution deal with marine insurer, Haven Knox-Johnston, having developed a bespoke scheme with a range of new and extended covers. As well as standard uninsured loss recovery, personal injury, and contract and prosecution cover, policyholders can claim for the cost of chartering another boat if their vessel [...]
Chartis Insurance UK has launched online training in environmental exposures for brokers, accredited by the Chartered Insurance Institute. Five modules are available to help firms navigate their clients through the complexities of this relatively new market, while staff gain professional credits According to Chartis, environmental insurance is a rapidly growing sector which is under-served and [...]
Crawford & Company UK has appointed John Buckle as managing director of SLS, a Crawford company, its UK liability service. Mr Buckle has worked for the claims management group since 2002 and previously held the post of national operations director at SLS. He replaces Mike Woolston who will continue to support the company on a [...]
LV= has entered into exclusive talks with Threadneedle Investments with a view to outsourcing the management of its assets and Threadneedle taking over its existing external funds. Discussions will take place over the next few weeks and a final decision on the proposal is expected in early August. According to LV=, Threadneedle is an international [...]
International general insurance and reinsurance group Brit Insurance has announced the appointment of Jon Sullivan as the firm’s new head of Property Treaty. He will leave behind Torus, where he served as senior vice president, International Reinsurance, to join Brit. It is anticipated that Sullivan will occupy his new position in the Autumn, at which [...]
Motorists are being warned by AXA that 13 million of them are providing burglars with their home address, and 8 million are risking their house keys as well. AXA home insurance believes that the rise in burglaries is partly due to SatNavs and is advising motorists to change their ‘home address’ to help reduce related [...]
Insurers and farmers alike have welcomed recent rainy weather as those with thatched roofs have been facing a higher risk of fire due to the unusually dry weather. Gloucester-based Ecclesiastical has warned that thatched roofs were vulnerable to ignition in the unexpectedly dry months of this year, a threat that has been reduced by recent [...]
The Association of British Insurers (ABI) is reminding pre-nuptial couples to insure their wedding day. According to the ABI, the cost of the typical wedding is nudging towards £20,000, with the potential to become the most expensive, as well as the happiest, day of a bride and groom’s life. Common wedding mishaps covered by wedding [...]
The Association of British Insurers (ABI) says that in so far as it is aware, all UK insurers have passed the European Insurance and Occupational Pensions Authority’s (EIOPA) second European stress test. Between March and May, EIOPA tested insurers’ for their ability to meet the future Solvency II minimum capital requirements under a number of [...]
Ray King, the chief executive of Bupa, has announced that he is to retire in 2012. Bupa’s Board will soon begin a search both within and beyond the firm for a successor. King has served as chief executive for three years, prior to which he spent seven years as group finance director. Chairman Lord Leitch [...]
Aon Risk Solutions (ARS) has appointed David Boyle as head of its aviation team, Asia Pacific (APAC) region. Based in London, Mr Boyle will report directly to Simon Knechtli, global head of airlines and head of ARS’s aviation team. Joining from Willis, where he was regional director for APAC, Mr Boyle began his career in [...]
Beazley has appointed Matthew Holmes to head its energy team. The 36-year-old, who has over a decade’s experience in the Lloyd’s energy market, joins from Catlin where he was energy class underwriter, covering upstream, downstream and casualty risks. Commenting on the appointment, Beazley’s head of marine division, Clive Washbourn, says: “Energy is a complex and [...]
Zurich is to return to the direct insurance market in the UK later this year, in strategic partnership with subsidiary Endsleigh. The insurer’s general business will offer motor and home insurance on aggregators under the Zurich brand, with Endsleigh carrying out sales, servicing and premium collections. The move forms part of a restructure announced earlier [...]
RSA Insurance plc has announced the appointment of Adrian Brown to the board as an executive director. Brown has served the firm as chief executive officer of its UK businesses for the last three years and presently has a seat on the Group Executive Committee. He has worked for RSA since 1989 and has occupied [...]
The Swiss Re World insurance in 2010 sigma study has revealed that world insurance premium volume rose by 2.7% in 2010, when adjusted for inflation. The growth in premiums in emerging markets continued at an accelerated pace, and premiums increased in three-quarters of the 78 markets looked at in the study. Global life premiums increased [...]
Towergate Insurance has announced the creation of a new Military Charities Grant Fund, with £50,000 to be allocated towards specific projects, and applications accepted from 1 September. A range of UK-based military charities will be supported by the fund, with a view to providing help and support to the veteran community. Towergate has emphasised the [...]
Mining companies pursuing avenues of opportunity beyond their home borders are faced with a range of new challenges and risks. To help mining firms cope with the new challenges they face, Marsh has announced the formation of a new Global Mining Practice which will benefit from the firm’s global expertise and experience in the sector. [...]
Resolution Ltd, owner of Friends Life, is reported to be closing its offices in Basingstoke and Manchester by the end of 2012. The consolidator launched Friends Life earlier this year, following the merger of Friends Provident and AXA UK life business acquired by Resolution last autumn. Friends Life is currently in the process of relocating [...]
Aviva’s underwriting academy has marked its tenth year by achieving the Chartered Insurance Institute (CII) Prior Learning Accreditation, in six commercial programmes. The award means that when Aviva underwriters pass their evaluation for any of the six accredited programmes, they gain CII prior learning credits at diploma or advanced diploma level. The insurer’s head of [...]
