News, reports and opinion from the UK and Global insurance marketplaces
Global property insurance rates continued to firm in the first quarter of 2012, according to a report published today by Marsh. Despite the absence of major natural catastrophes during the … Continue reading
Global broking group Marsh said its affordable flood insurance plan has “critical mass”, despite pessimism from one commentator today.
Marsh and its sister company Guy Carpenter announced ‘Project Noah’ which they claim can secure affordable flood insurance for at risk properties in the UK, only to have the idea chastised following a tweet from an Insurance Edge reader.
3 April 2012 · Leave a Comment
Following the second costliest year for catastrophes on record for the insurance industry, Lloyd’s today announced a loss of £516 million (US$800 million) for 2011. Lloyd’s incurred total net claims … Continue reading
Lloyd’s has issued a further reminder to members that it will punish those who ignore the risks posed by the UK Bribery Act 2010. According to law firm CMS Cameron … Continue reading