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WebFlood resilience gap in new builds leaves insurers blind
1+ hour, 48+ min ago (499+ words) New-build properties in England have no standardised mechanism to verify or record flood resilience measures. A new study finds that insurers cannot currently distinguish between flood-resilient new builds and those that were not built to that standard. The research proposes…...
Price Forbes hires Gallagher veteran to build multinational property practice
1+ hour, 55+ min ago (247+ words) A year is a long time in insurance broking. It is also, apparently, how long Price Forbes is prepared to wait for the right person. The firm has appointed Darren Ting as managing director of a new Real Estate and…...
One in 10 Australian SMEs report inadequate insurance cover
15+ min ago (173+ words) Nearly one in 10 Australian small and medium-sized enterprises report that their insurance coverage is inadequate – a structural gap that two consecutive years of national survey data, government price indexes, and rising intermediated premium volumes now illuminate from multiple angles. The…...
Wawanesa Life launches child critical illness insurance
11+ hour, 43+ min ago (461+ words) Wawanesa Life has added Child Critical Illness (CI) insurance to its product suite, aiming to give families financial support when a serious childhood illness occurs. Wawanesa Life's Child CI insurance offers coverage for 33 conditions, including cancer, type 1 diabetes mellitus, autism, cerebral…...
Markel Canada appoints Copland as vice president
11+ hour, 35+ min ago (415+ words) Insurance Business Markel Canada appoints Copland as vice president Marc Copland steps into a newly created role focused on scaling Markel Canada's property portfolio Markel Insurance, the insurance operations within Markel Group, has announced the appointment of Marc Copland (pictured)…...
Insurance moves: MISSION, CRC Group and PhysNet
11+ hour, 51+ min ago (410+ words) MISSION has added a new program to its Latin America platform, CRC Group has named a new Chief Human Resources Officer, and PhysNet has appointed a new Chief Operating Officer, in three separate leadership announcements this week. Capital Bay will…...
PRA and FCA publish UK captive insurance consultation
9+ hour, 18+ min ago (444+ words) The Prudential Regulation Authority has published its consultation paper on a tailored UK captive insurance regime, setting out proposed rules developed jointly with the Financial Conduct Authority for a market that has, until now, had no dedicated home in the…...
DUAL targets £500m GWP as transactional risk practice goes global
1+ day, 2+ hour ago (503+ words) Insurance Business DUAL targets £500m GWP as transactional risk practice goes global Liberty-backed consolidation brings 80 underwriters across 11 jurisdictions under a single operating model DUAL Group has unified its transactional risk operations into a single global practice at a commercially precise moment....
Claims surge as APAC transaction insurance rates hit record lows
15+ hour, 28+ min ago (703+ words) Insurance Business Claims surge as APAC transaction insurance rates hit record lows Three major brokers point to mounting losses that could reshape underwriting Three of the world’s largest insurance brokers have now independently documented what the Asia-Pacific warranty and indemnity…...
Gallagher Re names Everest veteran as VP in facultative push
1+ day, 4+ hour ago (425+ words) Insurance Business Gallagher Re names Everest veteran as VP in facultative push Casualty fac stays firm while property falls 25-30% - Gallagher Re's hiring pattern shows where the possibilities are Property facultative rates fell 25-30% in the US and Canada at the January…...