News
Perception of insurance changing with next generation of Kazakhstanis
After being negatively affected by the global financial crisis Kazachstan's insurance market has enjoyed a strong recovery over the past two years which is continuing into 2012, according to a report by AM Best.
Insurers manage trillions of pounds in investments, ABI finds
UK insurers are now paying out nearly £200m every single day to customers, according to figures published by the Association of British Insurers.
AIA wins race to buy Aviva's Sri Lanka insurance arm
British insurer Aviva has accepted a bid from AIA group subsidiary, American International Assurance Company, for its 58.44% interest in Aviva NDB Holdings Lanka for £31m.
Insurance Strategy 2012: Insurers missing big 'gender' opportunity
The gender directive is driving a "massive change in the industry" which many insurers are missing, according to Ian Hughes, chief executive of Consumer Intelligence.
Aviva sells Sri Lanka business
Aviva is to sell a controlling interest in its Sri Lankan operation to American International Assurance.
Kennedys in Dublin recruits Hugh Kennedy
Litigation and dispute resolution specialist Kennedys has appointed Hugh Kennedy as a partner in its Dublin office.
Broker Network and Countrywide recruit insurer director
Towergate subsidiaries Broker Network and Countrywide have appointed Keychoice's head of underwriting as insurer director.
Lloyds TSB tops GI complaints list
Lloyds TSB Bank received the highest number of complaints regarding general insurance and pure protection products in the first half of the year.
Liability insurance buying on the rise for EMEA firms
Companies in Europe, the Middle East and Africa are buying higher levels of liability insurance as fears increase over possible claims during the economic downturn.
New jet allows CEGA to repatriate claimants across the globe
Medical assistance and claims management company CEGA is extending the international reach of its air ambulance service to meet growing demand for long-distance critical care transfers.
Ageas confirms Winlow NED appointments
Ageas UK has confirmed that former KPMG partner Mark Winlow, pictured, has been appointed non-executive director on two of its boards.
Economic downturn driving liability demand
Demand for higher levels of liability insurance has surged across Europe, the Middle East and Africa, according to Marsh.
PPI complaints increase 129% in H1 2012
Financial Services Authority data has revealed that payment protection insurance has helped push up the number of complaints to financial services firms by 59% to 3.58 million in the first half of the this year.
Biba and Cabinet Office launch survival guide for SMEs
Under the title 'Business Continuity for Dummies', Biba’s SME survival guide includes a chapter focused on insurance and explains the benefits of using an insurance broker.
Expertise in action: Q&A with Zurich's head of SME
As the online economy continues to grow, businesses face an ever expanding array of threats that could destabilise day-to-day operations.
Market moves: All change at Mondial Assistance as firm prepares for Allianz rebrand
Preparing for life under the Allianz Global Assistance banner, Mondial Assistance was the busiest firm in the recruitment sector this week.
Biba boss urges Financial Conduct Authority to regulate 'appropriately'
British Insurance Brokers' Association chief executive Eric Galbraith, pictured, has called for "more appropriate" regulation, and offered to "help point the gun" at problem areas to support the FCA's efforts to stamp out product mis-selling.
Industry divided over advantages of attending party conferences
Insurers remain divided over the merits of attending party conferences as a means of raising the profile of important industry issues in political circles.
AJG deepens public sector play with Acumus buy
AJ Gallagher International has grown its UK public sector business to more than £150m gross written premium with the acquisition of Chelmsford-based housing specialist Acumus.
Bluefin ponders acquisitions after publishing positive 2011 results
Bluefin has "plenty of cash washing around" should it decide to make an acquisition, according to chief executive Stuart Reid.
Davies dropped from Zurich and NFU Mutual claims handling panels
Davies has lost its place on the claims handling panels of NFU Mutual and Zurich, following reviews by the insurers.
Investment losses hit MENA insurers' capital
Regulations are tightening for insurers in the Middle East and North Africa as the benign conditions of previous years quickly disappear, according to a report by ratings agency AM Best.
Ping An files arbitration claim over Fortis losses
Chinese insurer Ping An has filed an international arbitration claim against Belgium, in a bid to recoup losses from its investment in the now defunct financial services group, Fortis.
Guernsey ranked 28th in Global Finance Centre index
Guernsey has been ranked 28th in the latest Global Financial Centres Index, a barometer tracking the competitiveness of global financial centres published by research firm Long Finance.