Insurance news

• Reinsurers fear casualty clash exposures

  29-08-2016 16:53
  One of the key concerns of (re)insurers in the current market is
  their inability to quantify the effect of a systemic casualty event
  on their portfolio, according to the findings of a new survey.
  The canvass of (re)insurers in the European and US casualty
  markets by risk modelling specialist Russell Group revealed that
  reducing premiums, increasing exposures and connected risks are the
  main concerns in 2016.
  Some 64 percent of casualty underwriters agreed that the soft
  market is their biggest...
  
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• We insured a diamond ring for £8,000, then were told it was not covered

  29-08-2016 08:00
  
  Legal & General has rejected our claim because we did not have an updated valuation certificateMy wife recently lost the diamond from her engagement ring, which must have dropped out while she was at work. We have always insured this under our home insurance. Each year the insurer has stated it will only insure it up to the value documented on an accredited valuation, regardless of what we say it’s worth. This has been the same for many years across numerous insurers’ policies. A
  
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• Tay joins Axa as Asia chief risk officer

  29-08-2016 04:37
  
  Annie Tay has joined Axa in Asia as the chief risk officer for the region.
  
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