D&O rates continues to slide claims broker

Directors’ and Officers’liability insurance rates in the London market were largely unaffected by insurance industry losses following Hurricanes Katrina, Rita and Wilma, according to the latest Willis Index for this coverage area for the first quarter of 2006.

The Willis Index covering D&O coverage issues for the first quarter of 2006 revealed that rate increases on reinsurance treaties that were anticipated due to the severe 2005 North American hurricane

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City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

AI system launched to overhaul claims settlements

Stephen Kavanagh, who has spent more than 25 years developing technology to transform financial service business processes, has created a system that overhauls how insurance losses are assessed and settlements reached.

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