News
Ping An to buy Lloyd's building in London
Commerzbank is set to sell the iconic building after almost eight years of ownership to the Chinese insurer.
GAB Robins’ pensions capped as regulator takes stake in firm
GAB Robins UK has secured its future after striking a deal with The Pensions Regulator and its scheme’s trustees to eliminate its pension liabilities, with the public body taking an equity stake in the loss adjuster.
M6.3 earthquake hits Iran's southwest coast
An magnitude 6.3 earthquake struck 55 miles southeast of Bandar Bushehr near Iran’s southwest coast on April 9.
Former RSA chairman joins Ace
Ace European has appointed former RSA chairman John Napier to a new role of non-executive chairman of Ace European Group and Ace Underwriting Agencies.
Lloyd’s relaxed on Ping An building deal
The Lloyd’s insurance market is confident that the acquisition of the Lloyd’s building by Chinese life insurer Ping An would not affect operations.
Bluefin acquisitions boss Sugden departs
Bluefin Insurance’s acquisitions lead Marshall Sugden is leaving the firm to join another broker, Post can reveal.
Saffron Insurance teams up with Vamco
Saffron Insurance has appointed Vamco to provide a full-service external claims handling service across its client portfolio.
KPMG names Smart UK insurance boss
KPMG has promoted its Solvency II boss to head up the total UK insurance practice.
Allianz training scheme attracts record response
Allianz Commercial has welcomed its second intake of scholars for its partner academy scholarship programme.
Griffiths & Armour joins Biba panel
Griffiths & Armour has joined the British Insurance Brokers’ Association’s professional indemnity insurance panel.
Former RSA chair Napier joins Ace
Ace has recruited former RSA chairman John Napier to serve as non-executive chairman for Ace Europe and Ace Underwriting Agencies.
Allianz Global Corporate & Specialty names Hong Kong CEO as regional financial lines head
Allianz Global Corporate & Specialty is to dispatch its Hong Kong chief exec to London in a new role as regional financial lines head.
Axa Art awards grant to Harvard museums
Art insurance specialist Axa Art has awarded its conservation research grant to Harvard Art Museums in the US.
Coverbox promotes two in growth drive
Telematics insurer Coverbox has promoted two senior staffers, anticipating business growth.
Non-traditional capacity hits Asian market at April renewals
Dynamic capital growth and ample reinsurance capacity resulted in a relatively stable renewal at April 1, 2013, according to Guy Carpenter.
Lloyd’s building to be bought by Chinese insurer
The Lloyd’s building is to be acquired by life insurer Ping An in a deal worth £260m according to The Times.
Lorega extends Broker Network deal
Broker Network and Countrywide have extended their relationship with Lorega through the launch of a household loss recovery insurance product.
Top five Asian news stories
Here are a round up of the top five Asian news stories from www.insuranceinsight.com in the last seven days.
April reinsurance renewal rates were competitive
Increased capital and competition meant similar or falling reinsurance rates in April despite a predicted active 2013 hurricane season, according to corporate stockbroker Westhouse.
China to monitor insurers' asset management
The China Insurance Regulatory Commission has created a committee to monitor insurers management of their assets.
Insurers miss opportunity to voice opinions on EU consultation on PPOs
The UK’s general insurance sector has failed to engage with a consultation on setting Solvency II liability rules, despite a European Union recommendation that 20% of the sector should contribute for the study to be credible.
Commentators question new Davies CEO Saulter’s claims credentials
Former Davies chief executive Charles Crawford has backed the long-awaited appointment of his successor at the loss adjuster in the shape of Towergate’s group mergers & acquisitions boss Dan Saulter.
Brokers concerned over Aviva future as Deakin departs to join AJ Gallagher
Brokers have counselled Aviva against introducing “wholesale change” to its broking distribution channel following the resignation of stalwart Janice Deakin after 13 years at the insurer.
Insurers refuse to back government plan to extend Statement of Principles
Insurers have declared they are unwilling to green-light a temporary extension to the Statement of Principles unless the government provides “a definite commitment” that a long-term flood risk solution is imminent, after Environment Secretary Owen…