News
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…
Law report: Medical evidence takes precedence in successful appeal over RTA verdict
This law report has been submitted by law firm Berrymans Lace Mawer.
Law report: Lack of training and risk assessment blamed for fall
This law report has been supplied by law firm Berrymans Lace Mawer.
Law report: Appeal Court rules on PPO dispute
This law report has been contributed by law firm Berrymans Lace Mawer.
Market Moves: Bluefin makes two key hires, while it was a busy week for insurers too
In a week in which cross-industry recruitment arrived thick and fast, Bluefin was the firm flying the flag for the broking sector, having announced two key hires in the form of a non-executive chairman and a head of high net worth. Not to be outdone by…
Parabis expands into Edinburgh
Parabis is preparing to expand its Scottish footprint just six months after launching with the recruitment of an experienced defendant insurance law team and the opening of an office in Edinburgh.
Career development: Higos aims to branch out
Higos Insurance Services has unveiled ambitious plans to more than double in size over the next five years.
Uninsured driver sentenced after motorist she crashes with refuses to lie to insurers
A woman who asked the motorist she had crashed into to lie on her behalf so she could cover up that she was driving without insurance was sentenced last Friday with a two year conditional discharge for fraud by false representation.
VIG Re sees profit jump 17.8% in 2012
VIG Re reports, the reinsurance arm of Austria’s Vienna Insurance Group a 17.8% increase in pre-tax profit to €24.3m, for 2012
DCS Global opens office in Ireland
DCS Global, a division of Triton Global Group has opened its first office in Dublin, Ireland.
ABI: FCA must develop ‘clear success measures’ and deliver value for money
The Association of British Insurers has called the Financial Conduct Authority to develop “clearer success measures” to ensure the new regulator delivers value for money.
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Winlow appointed RFIB Holdings non-executive director and group chairman
RFIB Holdings, the parent company of international Lloyd’s insurance and reinsurance broker RFIB Group, has appointed Mark Winlow as non-executive director of RFIB Holdings.
VIG acquires majority of QBE Makedonija
Austria's Vienna Insurance Group says is will become the number one insurer in the Macedonian market, following its acquisition of a majority stake in QBE Makedonija.
FCA and PRA require 15% extra funding for 2013/14
The Financial Conduct Authority and the Prudential Regulation Authority have requested a 15% increase in their annual funding requirement for 2013/14.
Covéa reveals management shake-up with double appointment
Covéa Insurance has promoted Chris Withers to the role of head of commercial lines distribution, while Liam Casserley will take on the position of schemes broker manager.
Generali unveils Moto GP sponsorship deal
Italian insurer Generali, has become an official sponsor of the Moto GP series, the international motorcycle racing championship.
Evolution Underwriting appoints new group CEO
Evolution Underwriting has promoted Paul Upton to group chief executive, and made a few other internal promotions.