Marsh launches contamination cover for water utilities
by Gill Montia
Story link: Marsh launches contamination cover for water utilities
Marsh has launched a product designed to protect water utility companies against the cost of a serious contamination incident.
With industry regulation tightening and the threat of terrorism increasing, water utility firms globally are firming up their attitude to risk and the insurer claims the policy is the first of its kind.
It can provide cover of [...]
Aon expands renewable energy team
by Gill Montia
Story link: Aon expands renewable energy team
Aon has appointed Bruce Grant as senior broker, renewable energy team.
Mr Grant joins from Marsh, where he managed the renewable energy team and designed and placed major offshore wind policies, having co-designed what have since become the standard offshore wind policy wordings.
He brings over a decade of renewable energy experience, including working on the [...]
Travelers to pick up Quinn’s legal PI
by Gill Montia
Story link: Travelers to pick up Quinn’s legal PI
Travelers has struck an exclusive agreement with Quinn’s former broker, Prime Professions, the Law Society Gazette has reported.
The insurer will offer professional indemnity cover to sole practitioner lawyers left in limbo by Quinn’s expected departure from the market.
However, Prime director, Richard Brown, has stressed that Travelers will only take on around three-quarters of the [...]
Employers kept in the dark over health concerns
by Gill Montia
Story link: Employers kept in the dark over health concerns
Only 4% of employees in the UK would approach their boss with a health concern, research from Aviva suggests.
The insurer’s latest Health of the Workplace study also reveals that only 1% would approach their HR department with a health issue.
Nearly a quarter of employees surveyed saw their reticence as a matter of personal privacy, however, [...]
Allianz Engineering partners Willis in “Brewcheck” offering
by Gill Montia
Story link: Allianz Engineering partners Willis in “Brewcheck” offering
Allianz Engineering has partnered with Willis to offer commercial property owners in the brewery sector a new health and safety risk assistance scheme.
“Brewcheck”, which forms part of the “Willis Brew” offering, is intended as a one-stop-shop solution for breweries and their associated pubs.
Under the scheme, Allianz Engineering will deliver a range of inspection [...]
Allianz Commercial launches aviation products liability policy
by Gill Montia
Story link: Allianz Commercial launches aviation products liability policy
Allianz Commercial has teamed up with sister company, Allianz Global Corporate & Specialty (AGCS), to provide aviation products liability insurance for commercial customers.
The insurance covers manufacturers or maintenance organisations against liability arising out of products sold, serviced or supplied, and Allianz makes the point that this type of policy is normally only available from [...]
JLT Aerospace secures ARABSAT satellite launch deal
by Gill Montia
Story link: JLT Aerospace secures ARABSAT satellite launch deal
London-based broker, JLT Aerospace, has been appointed by ARABSAT to work alongside Marsh in developing a bespoke insurance package for a multi-satellite launch programme.
ARABSAT was set up in 1976 by member states of the Arab League and has since become a leading satellite service provider to the Arab world, currently ranking among the top ten [...]
Liberty Syndicates enters UK and Irish motor markets
by Gill Montia
Story link: Liberty Syndicates enters UK and Irish motor markets
Liberty Syndicates Management is entering the UK and Irish motor insurance markets.
The firm has hired Julian Cashen as Class Underwriter and Justin Suttle as Deputy Class Underwriter.
The two, who have over 40 years of market experience between them, will take up their positions later this year, together with a small team of motor specialists.
The [...]
MSL enhances business offering
by Gill Montia
Story link: MSL enhances business offering
MSL Legal Expenses has launched a new policy for businesses that provides up to £50,000 protection for legal costs per claim.
The firm has revamped its LEI offering by adding employment disputes, aspect enquiry for tax, undisputed debt recovery and identity theft resolution to the cover.
MSL Commercial also gives policyholders access to the company’s 24-7 [...]
Former pleural plaques claimants’ scheme open for business
by Gill Montia
Story link: Former pleural plaques claimants’ scheme open for business
Former pleural plaques claimants have until 1st August 2011 to lodge their claims with a new government scheme.
Insurers have long argued that the plaques, which are areas of fibrosis on the inner surface of the ribcage and the diaphragm, do not impact on health or lead to asbestos-related diseases.
However, following a Law Lords’ ruling in [...]
Asda makes litigated claims appointment
by Gill Montia
Story link: Asda makes litigated claims appointment
Asda has appointed, Forbes Solicitors to handle litigated Employer’s Liability, Public Liability and Product Liability claims on behalf of retailer.
The work will be carried out from the law firm’s liability practice in Leeds where it already services client in the public sector, multi nationals, Lloyds syndicates and national adjusters.
Forbes’ Leeds office managing partner, Siobhan Hardy, [...]
Sterling appoints broker development director
by Gill Montia
Story link: Sterling appoints broker development director
Sterling Insurance has promoted senior development manager, James Guthrie, to associate director responsible for broker development.
Reporting to David Sweeney, the group’s personal and commercial lines director, Mr Guthrie will be responsible for developing broker relationships, including initiating schemes to improve service, training and communication.
The change is linked to Sterling’s imminent launch two niche Executive [...]
ABI: flood defences before spending cuts
by Gill Montia
Story link: ABI: flood defences before spending cuts
The Association of British Insurers (ABI) is urging the government to make investment in flood defences a priority, despite the squeeze on spending.
Speaking at the Local Government Flood Forum, the Association’s director of general insurance, Nick Starling, said a long-term flood prevention strategy, backed by the right level of investment, is crucial if homes, [...]
Willis highlights contingent commission downfalls
by Gill Montia
Story link: Willis highlights contingent commission downfalls
Willis Group has stepped up its campaign against contingent commissions by having a report prepared by a third party published in this week’s issue of Business Insurance.
The work is written by Edwards Angell of law firm Palmer & Dodge and highlights the conflicts of interest created by contingent commissions, making the case for putting clients [...]
Torus Executive Risks appoints PI manager
by Gill Montia
Story link: Torus Executive Risks appoints PI manager
Torus Executive Risks (TER) has appointed David Robinson as professional indemnity (PI) manager.
Mr Robinson is moving from Lloyd’s Syndicate 3210 of Mitsui Sumitomo Insurance Group, bringing with him over 20 years’ experience in the PI market, having also held posts with DA Constable Syndicate 386 and BP Theakston Syndicate 1101.
TER was established earlier this year [...]
FM Global collects award for RiskMark
by Gill Montia
Story link: FM Global collects award for RiskMark
Commercial insurer, FM Global, has received the 2010 Risk Management Award at the annual British Insurance Awards, judges having recognised the qualities of its RiskMark web-based risk quality benchmarking tool.
RiskMark is based on an algorithm modelled on FM Global’s loss prevention engineering standards, with consistent and repeatable data collection by the company’s 1,500 engineers [...]
Aviva focuses on commercial flood risk
by Gill Montia
Story link: Aviva focuses on commercial flood risk
Aviva is including flood advisory leaflets in its commercial renewal packs, as part of its campaign to protect commercial policyholders from the impact of flooding.
The advice ranges from subscribing to flood alert warnings and investing in local flood protection devices, to moving expensive equipment to less vulnerable parts of the premises.
Businesses are also urged [...]
Allianz revamps Commercial Select offering
by Gill Montia
Story link: Allianz revamps Commercial Select offering
Allianz Commercial has revamped its Commercial Select product, which is designed to offer a wide range of covers across a variety of risks.
According to the insurer, the scope of the product has been enhanced to give clients wider protection and greater peace of mind, with amendments being made to the following policy sections: Property [...]
QBE welcomes heating and refrigeration contractors
by Gill Montia
Story link: QBE welcomes heating and refrigeration contractors
Commercial lines specialist, QBE, has extended its joint offering with Bristol-based Sutton Specialist Risks (SSR) to provide bespoke insurance solutions for heating, ventilation and refrigeration contractors, through a dedicated scheme.
SSR director, John Ludley, comments: “Heating, ventilation and refrigeration contractors have complex insurance needs and this new scheme has been designed to allow us to [...]
Aviva revamps motor trade offering
by Gill Montia
Story link: Aviva revamps motor trade offering
Aviva has revamped its motor trade offering, making it more flexible and providing smaller motor trade operations with the ability to restrict road risks cover to named drivers only.
The improvements are accompanied by a reduction in the price and the removal of compulsory business premises cover.
With affordability paramount for small motor traders, the insurer’s product [...]
