News
'Credibility' of industry hinging on trialogue talks, says PWC
The reputation of the European insurance industry is in the balance as talks continue on the final text of Omnibus II, according to PWC.
Europe eyes up captive insurance
Organisations in central and eastern Europe and additional emerging markets are keen to take advantage of risk management and risk financing solutions such as captive insurance companies, according to Aon.
ABI throws weight behind industry partnership with the FCA
The Association of British Insurers renewed its support today for the insurance industry working in partnership with the incoming Financial Conduct Authority to ensure that regulation delivers for consumers.
Credit insurers Garant and ASEI enter partnership
Austrian political risk insurer Garant Versicherungs AG and state-owned export credit agency Asuransi Ekspor Indonesia have entered into a commercial partnership to improve the export credit and political risks cover available to their clients.
Jubilee parent targets Direct Group
The parent company of Lloyd's managing agency Jubilee is in talks to acquire a stake in insurance administration specialist, managing general agency and top 50 broker Direct Group, Post Online has learned.
Aspen launches computers, cyber, privacy and media risks covers
The underwriters risk management business has launched a range of new covers to protect against risks relating to computers, data and cyber-crime.
Clyde & Co recruits Paris partner
The law firm has recruited former Dewey partner Yannis Samothrakis to boost its global corporate insurance practice.
South Korea hit by second typhoon in a month
Typhoon Sanba made landfall on 17 September just before noon local time in South Gyeongsang Province on the southern coast of South Korea, according to catastrophe modeling firm Air Worldwide.
Axa launches telematics product for Irish drivers
Axa Ireland has launched a telematics product for young drivers in conjunction with MyDrive Solutions.
Swiftcover posts £13m loss but GWP rises
Swiftcover Insurance Services found itself in the red in 2011 after posting a loss on ordinary activities before interest and taxation of £13.4m for the year ended 31 December 2011 compared with a profit of £932 000 in 2010.
IUMI: Marine insurance market at "bottom of the pricing barrel"
Marine insurance brokers have been urged to warn clients that increases in rates and deductibles are on the way as part of the industry's push to escape the soft market cycle.
IUMI: Insurance industry acted responsibly during economic meltdown
The economic crisis will create opportunities for the global insurance and reinsurance market if it can deliver "true resilience", delegates at the International Union of Marine Insurance annual conference have heard.
Quindell seals South Africa deal with Quintica
Quindell has acquired South Africa-based telecommunications outsourcing service provider Quintica and its international arm Quintica International.
William Russell launches UAE web portal
Expat insurance provider William Russell has launched a new website for clients in the United Arab Emirates.
Julian Millar joins Claimspro
Former QBE and Royal Bank of Scotland Insurance claims boss Julian Millar has joined loss adjusting business Claimspro International as managing director.
CFC launches management liability product
Specialist lines underwriting agency CFC has launched a product to address increasing exposure to cyber and privacy management liabilities, including cybercrime.
UK's first consumer social media cover launched
A London-based information privacy company has collaborated with Legal Insurance Management to launch protection against reputation damage, account jacking and ID theft
Politics is a major risk for renewables sector, says Willis
Resource nationalism is threatening projects in the renewables sector, according to Willis' head of political and export risk Andrew Van den Born.
Ace appoints energy and engineering manager for Asia Pacific
Ace Insurance has announced the appointment of Michael Frazer as energy and engineering manager for Asia Pacific.
RSA pulls out of mid-market motor trade citing 'tough' market conditions
RSA has confirmed plans to exit the UK mid-market motor trade business by scrapping its Excelerator brand and selling off retail and wholesale intermediary business Fyfe Group.
Chaucer appoints Argo underwriter to property team
Alex Campbell, pictured, has been appointed international facultative class underwriter for the property division of Chaucer Syndicate 1084.
Aro Underwriting unveils risk facility product
Aro Underwriting has launched a complex risk facility following its approval as a Lloyd's coverholder.
Zurich proposes Mächler to join board
Zurich's directors will propose the election of Monica Mächler to the board at the firm's annual general meeting on 4 April 2013.
Vienna Group acquires QBE Makedonija
Vienna Insurance Group AG Wiener Versicherung Gruppe has signed an agreement to take a majority stake in Macedonian insurer QBE Makedonija.