News
Japan flooding threatens rice crop
Heavy rainfall in south west Japan has caused widespread flooding and mudslides.
Garwyn hands regional role to ex-Cunningham specialist
Garwyn has hired former Cunningham Lindsay complex loss specialist Mike Higgins as manager for the London and South East region.
Xactium lures senior talent to expand broker base
Xactium, the governance, risk and compliance solutions provider, has hired two new senior executives as the firm builds its team to manage an uplift in demand.
Mapfre to offer roadside assistance for bikers in India
Mapfre Assistance is to provide breakdown assistance for moped and motorcycle riders in India, after designing a trailer to transport two-wheeled vehicles.
Vienna Insurance on the lookout for east European SMEs
Vienna Insurance Group is eyeing acquisitions in eastern Europe, its main profit driver, and could make a record profit this year if there are no major natural catastrophes.
Cornish Mutual wins chartered status
Cornish Mutual has been awarded Chartered Insurer status in recognition of its standards of professionalism and customer service.
Am Trust completes Dore and Associates deal
The Am Trust Group has completed the acquisition of Dore and Associates Holdings.
Loss Adjusting Awards 2012 - Don't delay: deadline fast approaching
Post is proud to introduce the Loss Adjusting Awards 2012, a new industry awards evening highlighting excellence and achievement in this sector.
Axa survey reveals SMEs' fears for the future
Continuing uncertainty in the Eurozone and the impact of government austerity measures are affecting optimism about business performance among SMEs.
AIR launches cyclone model for India
Catastrophe modeling firm AIR Worldwide has released a cyclone model for India.
Heavy rain dampens profitable run in household insurance sector
This summer's flooding could put an end to four consecutive years of combined ratios of 100% or better in the household insurance sector.
Willis extends Guernsey foothold
Willis has been issued with a full commercial lines licence to conduct insurance intermediary services in Guernsey.
Barbon reports £9.4m turnaround in fortunes with £471 000 loss in 2011
Barbon Insurance Group slipped into the red for the year ended 31 December 2011, according to results filed at Companies House, with a £471 000 overall loss for the financial year (2010: £8.9m).
Broker boom as emerging Europe embraces intermediaries
The European market for commercial non-life insurance broking reached a value of €9.89bn in commissions and fees in 2011, according to financial services consultants Finaccord.
Commercial lines division primed for further growth, says LMIE boss Rocks
Liberty Mutual Insurance Europe chief executive Sean Rocks is eyeing further expansion in the firm's commercial lines division after reporting substantial profitable growth.
Liberty Europe's commercial arm reports 'profitable growth'
Liberty Mutual Insurance, the commercial lines division of Liberty Mutual Insurance Europe, is reporting 'substantial profitable' growth.
Nat-cat losses dip below average for first six months of 2012
Natural catastrophe losses for the the first six months of 2012 were $26bn, well below the six-month average of recent years, according to Munich Re.
Willis granted intermediary licence on Guernsey
Willis Group Holdings has been issued with a full commercial lines licence to conduct insurance intermediary services in Guernsey under the Insurance Managers and Insurance Intermediaries Bailiwick of Guernsey Law, 2002.
DLG's ambition to float in doubt amid reports of PE bids
The Direct Line Group's plans to float have been put in jeopardy, according to reports claiming that two private equity consortiums could launch rival bids for the business.
Insurers call for single global accounting framework
A need for increased financial reporting transparency and consistency has led more insurers to call for a single global accounting framework, according to a survey of insurance finance executives.
RSA to save energy with new Carbon Trust deal
RSA is joining forces with the Carbon Trust to make energy efficiency services available to its business customers.
Average motor premiums fall in 2012
Actuaries have questioned whether recent reductions in the average costs of motor insurance premiums have come prematurely, as personal injury costs continue to rise.
Randall & Quilter opens Manchester MGA office
The company's specialist MGA platform has opened its first UK regional office, in Manchester.
Solicitors PI market urged to remain 'on alert' despite dip in claims
A fall in the number of professional negligence actions launched against solicitors has been heralded as "welcome news" for law firms and their insurers, but experts have warned the market to remain vigilant.