News
OFT to hold meeting with credit hire industry
The Office of Fair Trading is to meet with a host of credit hire companies on Tuesday as part of its market study into the rising cost of motor premiums.
Aviva pays Accident Exchange "seven figure" settlement
Aviva has paid credit hirer Accident Exchange a "seven figure" out-of-court settlement after using "dishonest" Autofocus evidence to reduce its hire charges.
Setanta chief returns to industry as business solutions boss
The former chief executive of Setanta, Mike Matthews, has reprised his role as CEO of business solutions provider Sevitt almost a year after he left the Irish insurer.
Maritime industry faces difficult year
The marine insurance market is in flux in the aftermath of Costa Concordia, according to the latest Willis marine market review.
Microinsurance extended to Nepal's rural poor
A microinsurance scheme for Nepal's rural poor is to be established next month, according to local paper The Himalayan Times.
Globaleye recruits new MD from Noor Takaful
International wealth management company Globaleye has appointed Jawaid Tabassum as general manager for its general insurance and employee benefits department in the United Arab Emirates.
RSA chief to target 'smallish' opportunities outside the UK
RSA boss Simon Lee is eyeing growth outside the UK with the acquisition of a number of "bolt-on" businesses, while also suggesting he is not ready to launch a big money raid anytime soon.
Talbot appoints new MENA CEO
Talbot Underwriting MENA, formally known as Underwriting Risk Services (Middle East), has appointed Matthew Warren as chief executive.
Talbot appoints Warren CEO for MENA
Talbot Underwriting has appointed Matthew Warren as chief executive of Talbot Underwriting (MENA), formally known as Underwriting Risk Services (Middle East).
Liability insurance needed for China's food industry
A Chinese official has called for the piloting of mandatory liability insurance for the country's food and beverage industry.
Lorega snaps up Towergate regional executives
Lorega has boosted its regional broker business development team with two new regional executives from Towergate.
Poole-based broker Alan & Thomas snaps up aviation specialist
Alan & Thomas Insurance Group has acquired specialist aviation, SME and personal insurance broker Emery Little.
Quinn's UK losses rise to €1bn
The collapse of Quinn Insurance could leave Irish policyholders footing a bill for up to €1bn, more than €400m than the original estimate, according to the Irish Independent.
Irda supports state-backed health scheme
India's Insurance Regulatory and Development Authority has come out in favour of a government-backed health insurance scheme.
Bahrain leads the way in bancassurance
Bahrain is leading the way for the Middle East with bancassurance, according to the Bahrain Insurance Association.
Allianz backs Hartford's business plans
Allianz SE has endorsed Hartford Financial Services Group's plan to scale its business back.
Lord Justice Jackson set to have operation
The judiciary has released a statement that Jackson, who has been appointed to lead a review into the costs of civil litigation, will be undergoing an operation for cancer.
Am Wins and New Mountain Capital complete $1.3bn partnership deal
Am Wins has today revealed a growth-oriented recapitalisation partnership with New Mountain Capital in a deal worth approximately $1.3bn (£820m).
AIR targets supply chain risk
AIR Worldwide has expanded its suite of catastrophe risk engineering solutions to quantify and mitigate the risk associated with the impact of catastrophes on supply chain networks.
Zurich relocates Dubai office
Zurich Insurance Group has relocated its Dubai General Insurance offices to accommodate growing operations in the United Arab Emirates and increase convenience for customers and partners.
Mitsui posts £12m profit
Mitsui Sumitomo holding company MSI Corporate Capital has reported a pre-tax profit of £11.99m, up from a £17.77m loss restated.
Ferma launches 2012 benchmarking survey
The Federation of European Risk Management Associations launches the 2012 Ferma Benchmarking Survey today.
Canopius adds Golfplan to broker K Drewe
Canopius has bought the business and client portfolio of Golfplan International Insurance, a provider of specialist golf insurance and an official supplier to the Professional Golfers' Association.
Onshore captives on the rise, says Marsh
Organisations are increasingly forming captives onshore in the European Union or United States, while the use of alternative captive structures is growing, especially among smaller organisations, according to Marsh.