News
Sri Lankan minister moves to appease privatisation fears over state insurer listings
State-run insurers in Sri Lanka will be listed at the Colombo Stock Exchange by 2016, it was announced in parliament.
Chinese P&C premiums up almost 15% in first nine months of 2012
China's insurance premiums hit ¥1.21tn (£118bn) in the first nine months of the year, up 7.3% from the same period last year, according to the China Insurance Regulatory Commission.
Biba takes broker issues to 10 Downing Street
The British Insurance Brokers Association visited the Prime Minister's office to lobby for key issues affecting brokers.
Insurer stocks dipped ahead of Hurricane Sandy landfall
Stocks for European insurers, including Allianz SE and Zurich Insurance Group, fell on Monday as the US prepared for Hurricane Sandy, which is expected to cause $5bn-$10bn in insured losses, according to modelling firm Eqecat.
Primary insurers to bear brunt of Sandy, says Fitch
Losses related to Hurricane Sandy will be largely borne by primary insurers, according to Fitch Ratings.
Police arrest six 'crash for cash' suspects
Gwent and South Wales police have detained six people following an investigation into suspicious claims referred by insurers and the Insurance Fraud Bureau.
Questgates reorganises environmental team
Questgates has added to its environmental claims services team with several new hires.
Ex-Thatcham CEO Roberts becomes iAccident chairman
Former Thatcham chief executive Peter Roberts has been appointed chairman of smartphone app exponent iAccident, in a bid to make the company the market-leading provider of motor incident reporting tools.
Hurricane Sandy devastates US east coast
Hurricane Sandy left at least 16 people dead and six million without power last night as it made landfall on the US east coast.
Reinsurers have appetite for Asia-Pac business despite 2011 losses
The first three quarters of 2012 have proved relatively benign in terms of Asia Pacific insured catastrophe losses, according to a new Guy Carpenter report.
London Assembly slams insurers for 'slow' settlement of riot claims
The London Assembly has criticised insurers for being "too slow" to settle claims from last year's riots and has urged them to publish average settlement times for future major events.
Singapore government to subsidise political risk cover for selected firms
A Singapore government agency has launched a political risk insurance scheme to help Singapore-based companies protect projects and investments as they grow overseas.
Migdal sale provides liquidity boost for Generali
Generali has completed the sale of its 69.1% share in Migdal Insurance and Financial Holdings to Eliahu Insurance Company for €705m.
Philippines GI industry wants tax break on microinsurance
General insurers in the Philippines are lobbying for lower taxes on premiums as an incentive to offer microinsurance.
Parry exits NIG amid restructure
Direct Line Group has confirmed the departure of sales and distribution director Dave Parry amid changes to the management structure at NIG.
QBE appoints claims director
QBE has named former Zurich chief claims officer David Siesko as European claims director.
Technology-centric business models key to insurer survival
Continued economic pressure will force insurers to take a more innovative approach to the role of technology in decision-making and operations, according to a new report from technology research firm Ovum.
Axa expands Reading office
Karen Young has been appointed as senior underwriter for Axa's Reading branch.
Allianz boss Stephen Coates joins Pool Re
Former Allianz head of UK property and casualty, Stephen Coates, has joined Pool Re as head of market operations.
QBE Europe hires Siesko as claims director
QBE has recruited David Siesko as claims director for its European operations.
Gaut returns to SSP as chief technology officer
SSP has appointed Kevin Gaut as chief technology officer for the company's insurer division.
Preferential founders to return with personal accident business
Steve Nickerson and David Marshall, the founding directors of Preferential Insurance, are to launch a new venture providing personal accident insurance.
Aon Benfield launches Thailand flood model
Global broker Aon Benfield has launched a flood model for Thailand to help global insurers better understand their exposures in the region.
SSP hires chief technology officer
Kevin Gaut has joined technology solutions provider SSP as chief technology officer for the company's insurer division.