Tuesday, 13 November 2012

Insurance News Update - 13th November 2012

 - The latest reports of damage in the USA after Storm Sandy said that insurance companies will face claims for flooding and structure damage ranging from moderate to complete collapse according to reinsurance brokers Willis re.

- Allianz Insurance will make cut backs in its liability and mid market property insurance covers.

- AIG Brand is coming back and replacing Chartis re-branding its non-life insurance business.

- Professional Insurance Agents Ltd has talks with 2 more leading Professional Indemnity Insurance companies about the possible merge or take over of their business.

- Covea sets out their new board of directors who will be lead by chief executive James Reader.

- Business Insurance services appoints Tony Robinson as it expands its marine capabilities.

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