News
Flood Re unlikely to provide long-term solution, researchers say
The Flood Re scheme is unlikely to work for the long-term as it fails to take into account the flood risk increase that climate change poses, the Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the…
Matthew Cannock named new Markel MD in Singapore
Markel International has appointed Matthew Cannock as managing director in Singapore.
UK commercial market returning to health says Amlin CEO
Improvements in UK commercial fleet have helped bolster Lloyd’s insurer Amlin’s results and the UK commercial market is becoming ‘healthier’ overall according to its chief executive.
Amlin returns 'solid results' for H1 2013
Amlin's chief executive Charels Philipps has dubbed the insurer’s first half results for 2013 “solid”.
Opportunities reducing for China motor tie-ups, says KPMG
Foreign insurers are looking to capitalise on the opening of the motor market and rising M&A activity in China. This follows the removal of restrictions to write compulsory third party liability insurance, according to a new industry survey by KPMG.
Heavy flooding in China kills more than 90
Hundereds of thousands of people have been caught up in the worst flooding in decades in North-East China and also in Guangdong province, South China, with at least 90 people being killed.
Philippines shuts financial markets after flooding
The Philippines has shut financial markets, government offices and schools in the capital and several provinces in the main island of Luzon after heavy rains caused flooding.
Rescue operation continues after Philippines ferry crash
Around 170 people are still missing and 34 dead after a ferry hit a cargo ship on Friday 16 August.
Ace appoints energy risk engineer for Asia-Pacific
Insurer Ace has appointed James Rout as the energy risk engineer for the Asia-Pacific region.
AIG ups global D&O Side A capacity
Insurance giant AIG has increased its capacity for Side A director and officers liability insurance to $100m.
IFB slams Howard League fraud proposals
The Insurance Fraud Bureau has condemned a report from the UK’s oldest penal reform charity recommending convicted fraudsters are spared jailed.
MIB welcomes uninsured drivers' fine increase
The Motor Insurers’ Bureau has welcomed the £100 increase to the fixed penalty fine for uninsured drivers. The fine is now £300.
Acturis targets European market with major insurer tie-up
Software provider Acturis has struck a deal to provide services to a major insurer in continental Europe.
Acturis secures major deal in continental Europe
Software provider Acturis has struck a deal to provide services to a major international insurer in continental Europe.
Liverpool firm first to get private investigators' standard
A Liverpool-based private investigation firm is the first to achieve accreditation under a new corporate standard for the industry.
German health cover purchases soar after rule change
Purchases of health insurance in Germany have swollen after state rules on waiting periods have been abolished.
LV wins caravan broker account from Zurich
LV Broker has struck an exclusive deal with Caravanwise, ending the intermediary’s previous deal with Zurich.
Congregational & General appoints new non-execs
Congregational & General Insurance has appointed Edward Jenner and Robert Wade as non-executive directors to its board following approval from the Prudential Regulatory Authority.
John Lewis Insurance launches £5m ad campaign
John Lewis Insurance has launched its first advertising campaign promoting its home insurance products at a cost of £5m.
Zurich chief urges action not 'rhetoric' on commerical lines
Zurich’s UK chief executive officer Steve Lewis has urged insurers to ensure their actions reflect their words when it comes to commercial lines rates.
APU warns against 'flash-for-crash' scam
The Asset Protection Unit is warning against a new motor insurance scam coined “flash-for-crash” where fraudsters flash their lights to give other drivers the right of way and then crash into them on purpose.
Google and insurers to speak at Data & Analytics Asia
Insurance Insight is delighted to confirm speakers from Google, Prudential, RSA, HSBC, Zurich and many more companies are attending the Insurance Data & Analytics Asia event in Hong Kong on 26 September.
Motor offence reforms 'not tough enough' claim AA members
The vast majority of drivers surveyed by the AA believe motor offence reforms that bring the fixed penalty for driving without insurance up from £200 to £300 are not stringent enough.
Chinese broker under investigation for huge fraud
It is understood Chen Yi, general manager at Shanghai Fanxin Insurance, has left China for Canada as the broker is investigated for fraud.