News
South Korea poised to resume loading Iranian crude
South Korea and the National Iranian Tanker Company are rumoured to be close to a deal that could see the Asian nation resume the loading of Iranian crude before the end of September.
Consumers warned against cancelling policies to save cash
The rising number of people cancelling insurance policies have been warned that the supposed cash-saving practice could ultimately end up costing more.
Sluggish economy stifles rebuilding costs
The annual rise in the UK's index of house rebuilding costs is continuing to decline.
Towergate nabs Bupa chief risk officer Jackson
Bupa chief risk officer Keith Jackson will quit his role to take on an identical position at Towergate when he joins the firm on 8 October.
Typhoon Haikui hits Chinese coast
The third typhoon in a week struck China on Wednesday, with winds of up to 110km per hour, prompting the evacuation of nearly two million people and grounding hundreds of flights across the country.
Axa direct and affinity restructure looms
Axa is expected to reveal the new structure for its direct personal lines and affinity business next week, following previously announced plans to merge the two operations.
Wunelli launches driving simulator app
Telematics insurance business Wunelli has launched a smartphone safe driving simulator app which allows young motorists to test their driving skills and determine whether they can save on car insurance.
XL underwriting returns to profit
XL's property and casualty business has reported a rise in gross written premium in the first six months of the year to $4.08bn compared with $3.86bn in the same period in 2011.
LAS signs storm claims deal with Lloyds Bank
LAS Claims Management's specialist surveying division, Waylett & Co, has secured a deal validating storm-related roof claims for Lloyds Banking Group customers.
Typhoon Haikui to cause millions of pounds of insured losses
A typhoon that is sweeping its way through eastern China could cause up to £100m insured losses.
China suffers $8bn economic losses from July floods
Aon Benfield has estimated that the floods in China during July caused economic losses of $8.3bn.
Oman consults Malaysia over draft Takaful rules
UK law firm Clifford Chance has submitted draft proposals for legislation to cover Takaful in the Sultanate of Oman.
Motaquote boss Lombard quits as staff face possible redundancies
Motaquote boss Nigel Lombard, pictured, has stepped down as the broker prepares for a strategic review of the business.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Aon Benfield director appointed CEO of Willis' Chilean operation
Global broker Willis has appointed Alejandro Vaccaro as chief executive of the company's Chilean facultative reinsurance division.
Torus picks Northdoor IT solution for Lloyd's integration
Global speciality insurer Torus has selected Northdoor's NDEX insurance solution to assist with its London Market and Lloyd's operations.
Zurich and Weightmans tackle string of fraudulent personal injury claims
Global insurer Zurich and national law firm Weightmans have teamed up to crack down on the fraudulent claims public authorities have faced in recent months.
Equinox hires new senior credit analyst
Lloyd's cover holder Equinox Global has appointed Michelle Barnes, pictured, to the post of senior credit analyst.
More mid-management jobs to go at Aviva as streamlining gathers pace
Aviva has informed staff of the next phase of its reorganisation by announcing that a handful of mid-management positions are for the chop.
AJ Gallagher buys retail broker Blenheim Park
Arthur J Gallagher International has acquired specialist home insurance broker Blenheim Park.
L&G confirms pet and travel insurance offerings
Major household insurer Legal & General has confirmed it will launch pet, travel and mid-net worth insurance products before the end of the year.
Williams leaves claims under Blanc's new structure
One point of contact for brokers is the main selling point for Axa's decision to merge its commercial and personal intermediary operations, according to Amanda Blanc.
Low cat activity aids Munich Re recovery
Munich Re reported a group operating result of €2.3bn in the first half of the year, compared with a loss of €437m in the same period in 2011.
Crash for cash masterminds jailed following IFB investigation
Insurance Fraud Bureau director Phil Bird has heralded the "unprecedented" custodial sentences handed down to the masterminds behind one of the UK's biggest 'crash for cash' scams.