News Analysis
A century after the Titanic sank, human error remains marine insurers’ biggest foe
The Titanic disaster left over 1500 dead and the industry facing a record payout.
QBE move for Brit secures broker backing as deal doubles regional GWP
Acquiring Brit UK's renewal rights is Australian insurer QBE's biggest UK deal in more than 10 years, and signifies its commitment to becoming a major player in the regional broker market insuring SMEs.
Bonuses take a bash but salaries for the top industry jobs continue to rise
Total salaries for insurance chief executives increased across the board, according to insurers’ annual reports for the year ending 2011, despite a drop in total remuneration.
Website review: Admiral
Web performance specialist Compuware Gomez puts Admiral to the test
Talking point: unlimited damages for late settlement of claims
The Law Commission's review of insurance contract law has proposed the introduction of unlimited damages for late settlement of claims. But what does the industry think?
Landmark asbestos ruling puts an end to EL 'black hole' concerns
Supreme Court judgment means run-off firms cannot avoid liability.
Case underlines compliance dangers for brokers selling 'package' products
A Jersey Royal Court judgment against the Channel Island's largest insurance broker, Giles-owned RA Rossborough, should act as a warning to insurers and brokers.
Lloyd’s witnesses new wave of MGAs due to Solvency II and M&A activity
In recent months the industry has witnessed a renewed surge in the number of Lloyd's insurers teaming up with managing general agents to access new lines of business.
Autofocus Legal Action: Rival CHOs line up to take on insurers as Autofocus employees face prison
Long-running legal battle could bring the credit hire industry and the insurance industry closer together
Private equity: Parabis secures Duke Street backing as links are made to prospective ABS bid
Duke Street takes a majority stake in the Parabis Group, opening the way to achieve ABS status
Market moves: XL rings the changes
XL led the way in the recruitment space this week, as insurers made a number of key appointments. While XL added four new staff members to its ranks, Liberty Mutual, Canopius, CNA Europe and Axa also had a busy seven days. In comparison, the broking…
EC insurance unit head explores further regulation for claims activities
More than a decade after the idea of regulating loss adjusters and other claims-related service providers was first mooted, a new European Commission proposal could see the plan resurrected, Post has learnt.
Marine hull insurers await rating impact in wake of cruise ship sinking
The Costa Concordia cruise ship disaster has been called the largest insurance loss in maritime history with some suggesting it could be “bigger than the Titanic”.
Law report: Unwelcome result for BTE market
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Judicial review dismissed in disability discrimination case
This law report has been contributed by national law firm Berrymans Lace Mawer.
News analysis: IFB’s three-year strategy wins financial backing from insurers
The Insurance Fraud Bureau is to more than double in size in its crackdown on professional enablers.
Law report: Ruling reinforces risk-taking stand
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Forseeability question formally laid to rest in harassment appeal case
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Equestrian experience verdict good news for defendants
This law report has been contributed by national law firm Berrymans Lace Mawer.
Market moves: Insurers lead the recruitment charge
With the final quarter of the year kicking off this week insurers were the most active recruiters with a raft of hires and promotions. XL Insurance added three new members of staff to its burgeoning team in Europe, while a number of other players seized…
News analysis: Insurance industry feels the shockwaves of the economic meltdown
It has been hard to escape the doom and gloom of the volatile stock market and wider economic woes over the past week.
Looking back - 1991: Hitting the hot hatches
On 26 September 1991, Post reported a tale familiar to today’s law-abiding general public: soaring motor insurance premiums. Current year-on-year rises cited are in the region of 30% to 40%, but the figures from 20 years ago suggested hikes of up to 74%…
Law report: Judge considers fire claim cause
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Case underlines need for prompt action on indemnity grounds
This law report has been submitted by national law firm Berrymans Lace Mawer.
