Axa XL
Insurers not yet in the clear over horsemeat scandal as claims emerge
Contaminated meat claims linked with the horsemeat scandal are now reaching insurers despite clauses that limit liability within product recall policies.
XL hires construction underwriter from Zurich in Singapore
XL has appointed David Poh as construction underwriting manager, Asia.
Solicitors urged to consider insurer ratings
Solicitors have been urged to check insurers' financial strength before acquiring professional indemnity cover following the demise of two unrated providers in recent years.
Increased shareholder scrutiny puts spotlight on insurance CEO pay
Insurers are more cautious and keen to be transparent over executive remuneration after last year’s ‘shareholder spring’, according to analysts, with recommendations for boss’s pay packets swelling in the past 12 months.
Law firms urged to go global to secure place on London market insurer panels
Law firms must improve their international focus if they are to earn a position on London market insurers’ panels, as claims bosses plan reviews of their legal partners.
XL restructures Asia Pacific operations after review
XL Group plans to restructure its Asia Pacific unit, integrating operations in Australia, Singapore, Labuan, Hong Kong and China.
Lesbian, gay, bisexual & transgender insurance network launched
Two hundred insurance professionals attended last night's launch of the Lesbian, Gay, Bisexual and Transgender Insurance Network known as Link.
Biba and Willis back social media site
Social media platform My Slipcase has signed up members from 342 insurance and reinsurance organisations since it launched nine months ago.
Kanis to take the reigns of Helvetia's reinsurance division
Former XL property underwriter Gérald Kanis will take over the management of the reinsurance division at Switzerland's Helvetia Insurance from 1 March 2013.
Market Moves: Brokers continue to up their numbers while Groupama’s Matras heads for exit
The broking sector again led the way in recruitment this week with notable hires at Hyperion, Miller and Hastings. Meanwhile, Giles continued to demonstrate its appetite for new staff by swooping for northern rival Reich’s operations manager Andrew Perry…
Catlin full-year results “a mixed bag”
Specialty insurer Catlin’s results for the calendar year of 2012 represented a “mixed bag” according to Shore Capital Eamonn Flanagan.
XL opens Manchester office
XL Group is opening an office in Manchester and has appointed Mick Turvey as regional underwriting manager, UK middle markets, to head it up.
Catlin strategy results in growing non-UK GWP contribution in 2012
Catlin recorded a 12.6% improvement in its combined operating ratio for 2012, in a year in which 49% of the firm’s total annual gross written premium of $4.97bn (£3.16bn) was produced by non-London/UK hubs.
Europe View From the Top: Risk engineering when growing abroad
Higher costs of living, lower real wages and reduced access to credit has had a direct impact on the profitability of UK companies. This combined with the Eurozone crisis has taken its toll on UK export growth and investment.
Report reveals identity of 'best and worst' claims teams of 2012
A report into which insurers possessed the best and worst performing claims teams last year has been published - with Catlin in the top spot and Zurich and RSA languishing at the bottom of the table.
Market moves: Brokers lead recruitment drive with major hires at Reich, Russell Scanlan and RFIB
The recruitment space belonged to broking this week, with Reich, Russell Scanlan and RFIB all recruiting senior staff. Reich welcomed a new head of group operations, while Russell Scanlan and RFIB added directors to their respective teams. Meanwhile,…
XL appoints Brazil Re boss
Dublin-based insurer and reinsurer XL has promoted its senior underwriter in Argentina to a new role heading up Brazilian reinsurance operations.
Catlin launches new terror cover
Catlin has introduced a new terrorism insurance product via its London-based underwriting subsidiaries.
XL appoints new UK general manager
XL Group has appointed Marcus Gonzales as general manager of the UK branch and head of international casualty in London.
Costa Concordia one year on: Sea change
A year after the Costa Concordia disaster the insurance market is still picking up the pieces, but what will be the long-term impact?
Rising kidnap risk amid Eurozone unrest
The rising risk of abductions as a result of social unrest in the Eurozone is creating opportunities for insurers specialising in kidnap and ransom policies.
Aegis London boosts claims division with double hire
Aegis London has made two new appointments in its claims division in a bid to respond to the "changing profile" of claims that the firm encounters.
Some European insurers still value for money, says Westhouse
Despite the broader pan-European insurance sector delivering among the worst total returns over the past decade, some management teams are still adding value, Westhouse said in a note today.
Catlin backs ticket cancellation product
Catlin is underwriting a ticket cancellation product for PH Hotels.