News
Industry left dangling on key issues as parliaments take summer recess
The insurance industry has been left in limbo after the UK and European parliaments failed to address a list of key issues as they broke for summer recess.
Indian regulator rubberstamps aggregator site
An Indian price comparison website has become the first to receive approval from the country's Insurance Regulatory and Development Authority after complying with new guidelines.
RMS and Tokio Marine collaborate on Japanese perils
Catastrophe modelling firm Risk Management Solutions and insurer Tokio Marine & Nichido Fire have agreed to share information on Japanese earthquake and typhoon risk over a long-term period.
HSBC looking to exit Vietnamese insurer, sources say
HSBC plans to continue the sale of its insurance assets by divesting its stake in a Vietnamese insurer, according to sources.
Mass heaps praise on Professor Fenn's RTA report
The Motor Accident Solicitors Society has welcomed a report exploring the low value road traffic accident claims process operating through Portal Co.
Chartis to offer MENA clients $1.5bn per-risk capacity
Chartis, the property and casualty arm of American International Group, has increased its commercial property per-risk capacity to $1.5bn on a worldwide basis.
Axa retains top spot in insurer survey
Axa has come top in Brokerbility's latest survey based on brokers' views of insurer performances.
India to investigate 'womb removal' insurance scam
The Indian state of Chhattisgarh is investigating reports that thousands of women had unnecessary hysterectomies so that hospitals could make insurance claims, the BBC reported yesterday.
RSA expects £35m hit from Italian quakes
RSA expects a net loss of £35m from the two earthquakes in Italy's Emilia-Romagna region in May, the general insurer said today.
Homeserve denies sale talks
Homeserve has issued a statement on the London Stock Exchange in which it denies having engaged in discussions with potential buyers.
RSA flood losses hit £50m
RSA has been hit with an estimated net loss of £40m across its UK household, motor and commercial property books for June as a result of the wet weather.
Homes to be demolished in aftermath of Oldham explosion
Adjusters from Crawford and Company have reported that a number of houses in the vicinity of the Oldham gas explosion will have to be demolished.
Middle East unprepared for 'inevitable' major earthquake
The Middle East could be staring down the barrel of a huge earthquake that would leave tens of thousands dead and destroy hundreds of thousands of homes, according to seismologists.
Webinar: Containing the contagion - watch on demand now
The 2011 film Contagion made for some pretty scary viewing as a virus spread across the world wiping out the population.
SSP wins major bancassurer deal in Asia
Insurance systems provider SSP has signed a major bancassurer deal in Vietnam.
LV Broker handed spot on EIP schemes motor panel
LV Broker has been appointed to the schemes motor panel of Equity Insurance Partnerships.
China Property & Casualty Reinsurance to use AIR catastrophe models
China Property & Casualty Reinsurance Company has licensed AIR's typhoon, earthquake and multiple-peril crop insurance models for China to better manage its catastrophe risk.
RSA extends deal with Yorkshire Building Society
RSA has renewed its partnership with Yorkshire Building Society for a further five years.
JLT and Am Trust Europe join forces to offer PI service
Broker JLT has launched a professional indemnity insurance service for sole practitioners through an exclusive relationship with insurer Am Trust Europe.
70% of insurers see Asia as a 'very important' area for growth
Most CEOs recognise the importance of Asia, but concerns remain about regulation and the macro-economic environment.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Be Wiser reports 43% jump in premium income to £76m
Be Wiser Insurance Services has reported its premium income grew 43%, up to £76m, in the 12 months to 31 May 2012 (2011: £53m).
ECIH takes on Ablett as group chairman
Electrical Contractors' Insurance Holdings has appointed industry veteran Tim Ablett to the role of chairman.