News
South Korea halts Iranian crude imports over sanctions
South Korea will stop importing Iranian oil from 1 July owing to the European Union's insurance ban on vessels carrying the product.
India's non-life players grew premiums 18.27% in May
The Indian non-life insurance sector achieved premium growth of 18.27% in May compared with the same period in 2011, according to figures released by Insurance Regulatory and Development Authority.
Indian government needs to tackle insurance slump, says PM
India's government needs to tackle a sluggish insurance sector, according to Prime Minister Manmohan Singh.
India falls four places in insurance rankings after drop in life business
India has fallen four places in the world insurance market in the past year owing to a sharp drop in life insurance business, according to The Times of India.
Capita boosts Gloucester office with 30 new jobs
Capita Insurance Services has created 30 new roles in its Gloucester underwriting services division.
I-Smart targets 'big market share' after launching insurance offering
Claims management firm I-Smart is eyeing a "significant insurance market share" after launching an initial range of products such as gadget, home and travel insurance.
Future looks bleak for motor insurance, says Ernst & Young
The motor insurance market is unlikely to make a profit in 2012 or in the foreseeable future, according to Ernst & Young.
Hogan Lovells recruits insurance partner
Hogan Lovells has appointed Helen Chapman as a partner in the firm's insurance and reinsurance group.
Kane opens for business in Malta
International insurance managemanr firm Kane has moved its operations to new premises in Zebbug, Malta.
AM Best affirms Mapfre Re ratings amid sovereign turmoil
AM Best Europe has affirmed the financial strength ratings of A (Excellent) and issuer credit rating of 'A' for Mapfre Re, following the recent market volatility surrounding Spain's economic conditions.
New £30m funding boost for RK Harrison
Independent insurance broker RK Harrison has secured a £30m refinancing deal with Clydesdale Bank and RBS.
Europ Assistance re-branded following MBO
The team behind the management buy-out of the UK, Ireland and international health solutions business of Europ Assistance has launched its new brand, Aria Assistance, following authorisation by the Financial Services Authority.
Torrential rain causes severe flooding in Northern Ireland
Properties in Northern Ireland have suffered up to £150 000 worth of damage after two inches of rain fell in less than two hours yesterday evening.
Helphire, DLG and RSA reach agreement on Autofocus evidence
The High Court has granted Helphire restricted access to information on rate surveyor Autofocus after initial objections from Direct Line Group and RSA.
Towergate recruits Aon boss for sales role
Towergate Insurance has appointed Lisa Bartlett as divisional sales director for retail broking.
Rate hardening slows in second quarter
The global insurance market hardened in Q2 2012 for the fourth consecutive quarter, albeit at a slow rate, according to Marsh.
Management merry-go-round at Catlin Canada
The Catlin Group has appointed David Huebel as chief executive of the firm's Canadian operation, replacing Mike Hansen who will continue as the aerospace product group's global leader.
Market firming continued in Q2, says new Marsh index
The global insurance market continued to firm in the second quarter of 2012 continuing a trend that began in the third quarter of 2011, according to the Marsh Risk Management Global Insurance Index released today.
CNA hires Chartis underwriting boss
CNA has appointed Justin Godman, pictured, as casualty underwriting manager.
Vienna Insurance adds Polish life insurer to CEE portfolio
Vienna Insurance Group AG has acquired a 92% share in Polish life insurance company Towarzystwo Ubezpieczeń na Życie.
Mapfre faces more rating downgrades
Mapfre Global Risks and Mapfre Asistencia have been downgraded as a result of the weakening creditworthiness of the Spanish government, according to Moody's.
O'Neill to remain in Marketform top role
Specialist Lloyd's insurer Marketform Managing Agency has confirmed that interim chief executive John O'Neill, pictured, has taken up the position on a permanent basis.
Market moves: Brokers lead the recruitment charge
Another action-packed week in terms of recruitment saw the vast majority of movers and shakers switch roles in the broking market.
Travelers makes redundancies in Surrey as work is transferred to regional offices
Travelers has confirmed it is making redundancies in its Surrey headquarters as part of a restructure that aims to push greater underwriting authority out to its UK regional network and closer to its broking partners.