News
Mesothelioma proposals will render victims powerless
Personal injury law firm Irwin Mitchell has criticised the government's mesothelioma compensation reforms for restricting access to justice for victims.
HSBC India faces legal action over allegation of insurance fraud
An HSBC shareholder is threatening legal action against HSBC India for insurance fraud, pending the outcome of a regulatory investigation.
Europe's insurers more insulated against crisis than banks
European insurers have proved more resilient than their banking counterparts in the current financial crisis, but are still vulnerable to economic shocks, Moody's said today.
Norway's Gjensidige enhances risk management architecture
Norwegian insurance company Gjensidige has enhanced its risk management architecture to help comply with Solvency II.
Gender Directive to push up female motor premiums by 38%
Motor insurance premiums for young female drivers are expected to face sharp increases when the European Gender Directive comes into force on Friday, according to research by the British Insurance Brokers' Association.
Geneva Association ‘concerned’ over G-SIIs policy measures
Insurance think-tank Geneva Association has expressed concerns that the International Association of Insurance Supervisors’ proposed policies for Global Systemically Important Insurers do not match the needs of the insurance industry.
Allanfield plunges into administration
FRP Advisory appointed as administrators to specialist property broker.
HSB Engineering makes two senior appointments
HSB Engineering Insurance has appointed a new construction product leader and a senior underwriter.
Consultation on mesothelioma compensation reform to take place in spring
A public consultation on plans to reform the way mesothelioma cases are dealt with will take place in spring 2013.
IUA prioritises regulation and London Market modernisation for 2013
The International Underwriting Association has pledged to develop a new strategy for modernising business processes in the London Market in 2013.
Aetna bolsters international PMI team
Aetna International has appointed Caroline Pain as head of international marketing and Gary Impett as business development manager to develop its insurance business in continental Europe, the UK and Ireland.
Gender directive will prompt insurers to make one-off rate increases
The EU ruling prohibiting insurers from setting premiums along gender lines will provide insurers with a one-off opportunity to raise rates, according to Fitch Ratings.
AIA completes acquisition of ING Malaysia
AIA Group has successfully completed the acquisition of ING Management Holdings (Malaysia) following receipt of the required regulatory approvals.
UIB secures Brazil oil field contract
Independent international reinsurance broker UIB has been appointed as the lead intermediary for the construction of 28 floating drilling platforms off the coast of Brazil.
XL Group appoints Marsh's Lineham to political risk team
XL Group has appointed David Lineham to its political risk and trade credit team.
SRA publishes list of European qualifying insurers
The Solicitors Regulation Authority has released information about insurers based in Europe and elsewhere that have signed up to the SRA's Qualifying Insurers Agreement.
Uniqa sells hotel assets to concentrate on insurance
The Uniqua Group has confirmed the sale of its interests in Austria Hotels International Group in order to focus on its core insurance business.
Insurance Insight closed for festive period
Insurance Insight's offices will be closed from 19 December 2012 to 2 January 2013 for the festive period. We would like to take this opportunity to wish you all a very Merry Christmas and a Happy New Year.
Catlin estimates Sandy storm losses at $200m
Catlin Group has said that its Sandy-related losses will be about $200m, net of reinsurance and reinstatements.
ERV Italy Facebook fans win 10% discount on travel cover
Italian consumers can now buy travel insurance from ERV via an e-commerce module on the firm's Facebook page as part of a new social media push.
S&P changes RSA outlook from stable to negative
Standard & Poor's has revised its outlook on RSA from stable to negative in light of low interest rates.
Equinox Global boosts capacity with Jubilee deal
Trade credit insurer Equinox Global has secured additional capacity through Jubilee Syndicate 5820 at Lloyd's, in a deal that increases Equinox's automatic capacity from $30m (£18.5m) to $35m (£21.6m).
AIG divests remaining holding in AIA
AIA Group has confirmed that AIG has entered into a placing agreement to sell all its ordinary shares of AIA at HK$30.30 each.
Lloyd's insurer Kiln recruits Zking manager Jin to lead Shanghai JV
Kiln has appointed Gu Jin to lead its new venture with Lloyd's Insurance Company (China) in Shanghai.