News
Insurers urged to use proposed Solvency II templates
The European Insurance and Occupational Pensions Authority has "strongly" advised insurers to start using the proposed reporting templates for Solvency II as a basis to start the implementation phase.
Banks turn to credit insurance in Asian market
European banks operating in emerging markets are increasingly using structured credit insurance as a way of remaining active in Asian trade finance market and deleveraging their trade finance portfolios.
Flood defences need £20m boost in next 20 years, report finds
The government has been urged to invest £20m in flood defences after a report found that four times as many properties could be at risk of flooding in the next 20 years if no action is taken to prepare for climate change.
Mitsui recruits Zurich and Ace underwriters
Lloyd's insurer Mitsui Sumitomo is aiming to increase its share of the international liability insurance market following two underwriting appointments.
IAG to spend £66m on Asian market
International Australia Group has set aside £66m to acquire businesses in Asia in a bid to boost its gross written premium contribution to 10% by 2016.
Arthur J Gallagher buys MGA Contego Underwriting
Arthur J Gallagher has acquired managing general agent Contego Underwriting for an undisclosed sum.
Jubilee General Insurance Pakistan assigned B++ rating
AM Best has assigned a financial strength rating of B++ (Good) and issuer credit rating of BBB to Pakistan's Jubilee General Insurance Company.
Independent Group appoints Pumfrey as business development director
Claims and validation-led services company the Independent Group has appointed Alan Pumfrey to the role of business development director across its group-wide business structure.
Aro Underwriting opens Kent office
Schemes and affinity specialist Aro Underwriting has opened a new office in Tonbridge, Kent to accommodate its regional underwriting team.
Coleman praised for efforts following fire at Grade II listed home
Coleman Insurance Brokers has received policyholder praise following the firm's role in resolving the aftermath of a serious fire that gutted a 300 year-old Grade II listed home.
Video on demand: Data enrichment - creating true customer insight and intelligence
Data enrichment affects every facet of an insurance business, and done well can play a major role in companies gaining a competitive advantage.
Eiopa publishes consultation on Solvency II disclosure requirements
The European Insurance and Occupational Pensions Authority published its final report on reporting and disclosure requirements for insurance undertakings and insurance groups today.
Beazley boss Lewers joins Equinox Global
Lloyd's coverholder Equinox Global has appointed Adrian Lewers, pictured, as non-executive director.
Fitch withdraws ratings of Fondiaria-SAI
Ratings agency Fitch has withdrawn the ratings of Italian insurer Fondiaria-SAI owing to insufficient information.
Swiss Re untroubled by immediate Eurozone crisis
Swiss Re faces no immediate threat from the Eurozone crisis and could withstand the orderly exit of multiple countries from the euro, its chairman was quoted as saying on Monday.
MMA executive director Plummer retires
MMA Insurance has confirmed that former commercial director Derek Plummer has retired from the company.
Flash flood hits Calderdale in Yorkshire
A West Yorkshire bridge was flooded for a second time on Monday.
India's Bhartiya Janata Party continues to oppose FDI increase
Hopes of India's foreign direct investment ceiling being raised have been dashed once more after the opposition Bhartiya Janata Party pledged to vote against any bill that proposes raising the 26% limit.
IAG's Asian investment paying off
Insurance Australia Group is starting to gain "real traction" in Asia, according to chief executive Mike Wilkins.
Londoners let down by riots compensation process, claims ABI
The Association of British Insurers has accused the riot compensation scheme of "failing too many Londoners".
BMS snares Kerr to lead Apac push
Independent broker BMS Group has poached Australia-based facultative broker Glenn Kerr from Aon Benfield.
Labuan Re ratings affirmed after capital raising
AM Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of 'A-' for Labuan Reinsurance.
OIM division E-Underwriting launches property owners product
The new division of OIM Underwriting, E-Underwriting, launched its property owners insurance product today on the Acturis platform.
Lack of cat activity leads to plentiful capacity in reinsurance market
Reinsurance capital continued to strengthen through the second quarter of 2012 as a result of limited exposure to catastrophe losses in the opening six months of the year.