News
Insured losses from Vicente estimated to be $100m to $300m
Economic losses from typhoon Vicente, which struck Hong Kong on 23 July, are expected to be $600m to $1.5bn, catastrophe modelling firm Eqecat said.
Former Clyde partner launches new law firm
David Coupe, a former partner at Clyde & Co and Ince & Co, has launched EC3 Legal, a new City law firm focused on representing the intermediated insurance market.
Cobra shareholders accept Alto offer
Alto Intermediary's recommended cash offer to acquire Cobra has received more than 98% acceptance from the broker's shareholders.
Home insurance premiums set to rise
Property insurers must ensure they have adequate reserves to cover future claims arising from volatile weather patterns, AA Insurance has warned.
Clyde & Co partner goes live with new City law firm
David Coupe, pictured, former partner at Clyde & Co and Ince & Co, has launched a new City law firm focused on representing the intermediated insurance market.
Insured losses 'low' as Typhoon Vincente sweeps through China
Up to 37 people are dead and 700 homes were flooded after Beijing was devastated by the heaviest rainfall to hit the city since 1951.
Motor premiums rise and fall as competition hots up
Average car insurance premiums for directly sold policies have risen by 8.5% over the past 12 months, while the average premium on policies sold on aggregators has fallen by 3.3% in the same period.
Teeside broker Henderson completes Arlington acquisition
Henderson Insurance Brokers Teeside has acquired north east firm Arlington, an independent financial advisors with a portfolio in excess of £100m.
Half of CEOs responsible for risk management as terrorism tops concerns
The chief executive or chief operating officer has formal responsibility for risk management at 50% of European companies, according to a new survey which found that companies feel underprepared for terrorism and political violence risks.
Solicitors targeted following Prime Professions product launch
Prime Professions has teamed up with Axis Specialty to launch a new insurance product for solicitors.
EC approves acquisition of Groupama's Gan by Allianz France
The European Commission has cleared under the EU Merger Regulation Allianz's proposed acquisition of a non-life insurance portfolio of Groupama-owned Gan Eurocourtage.
Former broker fined £471 846 for misappropriating premiums
The Financial Services Authority has banned and fined a former commercial insurance broker who used clients' insurance premiums to fund his business.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
European companies underprepared for emerging risk
The majority of European companies feel underprepared for emerging risks including terrorism and political violence.
Draft rules offer China's insurers more investment scope
Chinese insurers will be able to double their investments in private equity along with trading financial derivatives at home and abroad, according to Reuters.
Compare the Market hires Jeremy Chadwick as commercial director
Former Zurich man to lead commercial strategy and development, covering all product categories including insurance and money.
HK Stock Exchange resumes trading as typhoon warning lowered
Hong Kong lowered its cyclone warning on Tuesday and its markets resumed trading after Typhoon Vicente, the most intense storm to hit the city since 1999, moved towards China.
Aria Assistance appoints director of medical services
Dr Jude McSharry has been named director of medical services at Aria Assistance, the new independent company formed after the management buyout of Europ Assistance UK & Ireland.
Perissinotto resigns from Generali board
Giovanni Perissinotto has formally resigned from the Assicurazioni Generali board of directors, having agreed to terminate all corporate ties with the Generali group.
RSA hands Harrington-Rutterford global C&E role
RSA has appointed Clive Harrington-Rutterford as global portfolio leader for its construction and engineering business.
RSA appoints construction and engineering leader for GSL
RSA has appointed Clive Harrington-Rutterford as global portfolio leader for the firm's construction and engineering business.
GI director role culled in Aviva shake-up
Mark Hynes has become the most senior figure in Aviva's UK general insurance operation to lose his job in the latest round of restructuring.
Allianz teams up with Saracens rugby club in 'long-term' deal
Allianz has entered into a sponsorship deal with Premiership rugby club Saracens, in a deal which will see the north London side's new Hendon ground renamed Allianz Park.