Articles by Liz McMahon
Loss adjuster pushes surge status to red as it copes with riot fallout
GAB Robins has announced that its surge status has moved to red after receiving a "considerable" number of claims following the London riots.
The jury's out on how much riots will hurt the insurance industry
With the estimated riot costs now standing at £750m, insurance experts are in conflict over how much the violent events which have dogged London, Liverpool, Birmingham and Bristol will damage the insurance industry.
What the Papers Say - August 2011
In this month's What the Papers say, senior reporter at Insurance Age Liz McMahon, is joined by fellow senior reporter Emmanuel Kenning to discuss the latest top topics in insurance with principal of Bellingham Communications Ben Welsh.
Periodical payments for PI compensation set to rise following appeal case
A landmark court ruling may change the way in which the insurance industry pays out compensation to personal injury claimants.
Riots covered but claim extension unlikely, says Questgates
QuestGates has said that the local police authority has a legal responsibility to reimburse persons who sustain damage to property as the result of a riot under the Riot Damages Act 1886.
Concern as to whether industry will foot the bill for riots
Concern has been raised by brokers as to whether the events over the last few days in London, Liverpool, Birmingham and Bristol will be officially classed as riots under the Riot (Damages) Act 1886.
Allianz overhauls its motor repair network
Allianz Insurance has restructured its motor repair supplier moving to a consolidated supplier network structure consisting of nine regional repairer groups.
Toba changes must not be taken out of context, says Cliff
Ageas has reacted to the media coverage following broker complaints over the recent amendments the insurer has made to its terms of business agreements (Toba).
Biba calls for more intrusive regulation of comparison sites
Comparison sites must be recognised by the regulator as more than just introducers, according to The British Insurance Brokers’ Association (Biba).
PMI industry must change tack to avoid further consolidation, says Pruhealth
Pruhealth has slammed the unsustainable economics of the SME private medical insurance (PMI) market.
Chartis closes door on new solicitors' PI business
As the annual solicitors’ professional indemnity renewal date looms, the market leader, Chartis UK, has announced that it will not be writing any new business in this sector.
Join Allianz, Groupama, BMS, Novae, SSP, CII and Lancashire in signing up for the Insurance Cup
With the football leagues in England and Scotland now underway, there has never been a better time to think about dusting off the boots and signing up for The Prince's Trust Insurance Cup.
Holt promoted to expand QBE's broker footprint across UK
QBE has promoted Judy Holt to the role of head of UK Broker Development with immediate effect.
Bluefin network members are vehemently independent, says Hopwood
David Hopwood points to member acquisition funding at Bluefin in day five of Network Spotlight.
Marketform hires new CFO
Marketform has announced the appointment of a new chief financial officer (CFO), Paul Guiry, who replaces Roger Doubtfire on his retirement.
Insurers are flooded with escape of water claims
Nearly one in five claims made on buildings and contents insurance is for damage caused by escape of water, costing £2m every day, according to research from the Association of British Insurers.
Jack Straw to speak at Post claims event
Former Justice Secretary and outspoken critic of referral fees Jack Straw will address the annual Insurance Age’s sister title Post’s Claims Event on 12 October.
Keychoice makes series of hires to boost commercial growth
Keychoice Underwriting has made four appointments to its underwriting and business development teams as it targets further growth.
Gallagher takes team of 21 from Oxygen
Arthur J. Gallagher International (Gallagher), has announced that it has entered into an agreement with two subsidiaries of Oxygen Holdings (Oxygen), whereby Oxygen has agreed to release a number of executives from their restrictive covenants with…
Groupama calls for major market correction as commercial revenues drop
Groupama has revealed a 34% increase in profits before tax and amorisation to £18.5m (H1 2010: £13.7m) for its combined UK operations in the first six months of 2011.
RBS Insurance suffers 103% COR but profits soar
RBS Insurance’s results for the first six months of 2011 have revealed an operating profit of £206m, compared with the £253m half-year loss the insurer announced in 2010.
Oval restructure leads to three new board appointments
Executive board members at Oval have moved quickly to explain the firm’s ongoing restructuring process amid suggestions that former group managing director Jeff Herdman has been demoted.
Broker Direct to offload three brokers to Swinton
Broker Direct is to sell three brokers to Swinton Commercial, Insurance Age understands.
McMillan wants clear water between Aviva and competition
Mr McMillan said he wanted to make it clear to brokers that the Aviva was absolutely open for business.