Latest News – Page 2644
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Ace sees floods wash away $90m (£56m)
Ace expects the recent flooding across central Europe to strip about $90m (£56m) out of its third quarter operating income.The figure includes flood losses in France and takes into account recent increases ...
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Music honour for brokers
Two insurance brokers are to be inducted on to the Music Managers Forum roll of honour at the forum's annual dinner this week.Willie Robertson and Bob Taylor, of Robertson Taylor Insurance Brok ...
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Zurich turns to CSC to reduce costs
Zurich Financial Services (ZFS) is turning to CSC's litigation software to cut its legal costs. Zurich spends £1.4bn on claims costs each year, and a significant proportion of that is spent on lawyers. The group is using CSC's business processor to outsource bil ...
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Celltech ring-fences £6m for future liability claims
Biotech conglomerate Celltech has been hit by rising premiums on its product liability and has put aside £3m a year to cover any future claims.The company hopes to pay less for future cover by set ...
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Good luck to the crews in the Insurance Times Regatta
Twenty-two boats are set to take part in the Insurance Times Regatta which starts tomorrow in Portsmouth.With the weather forecast predicting mild temperatures and moderate wind speeds, all the teams are ...
