News
Generali says Costa Concordia impact marginal
Assicurazioni Generali has confirmed to Insurance Insight that it is one of the insurers for the Costa Concordia cruise ship.
Bluefin research boss departs for Defaqto
Defaqto has appointed former Bluefin head of research and development David Cartwright to the position of head of insight at the financial research firm.
Former Jubilee chief resurfaces at AG Dore syndicate 2526
The former chief executive of Jubilee managing agency Andreas Loucaides has joined AG Dore as syndicate operations and development director.
Insurance fraud increases seven-fold in the Czech Republic
Insurance fraud is seven times higher in the Czech Republic than before the economic crisis according to internal figures from Generali.
Iran's nuclear ambition heightens risk to investors
Country economic risk and currency incontrovertibility and transfer risk remain key concerns for Iran, according to JLT’s head of credit and political risk analysis, Elizabeth Stephens.
Vienna Insurance Group launches investor relations app
The Vienna Insurance Group AG Wiener Versicherung Gruppe has launched an Opad App.
Marsh hunts new UK CEO as South takes wider European role
Martin South has been appointed into the newly-created position of CEO of Marsh Europe, leaving the broker searching for a replacement.
Firms underestimate cyber risk, according to Allianz survey
Economic risks, business interruption and destructive natural catastrophes are among the biggest risks to companies in 2012, according to a study conducted by Alianz Global Corporate & Specialty.
QBE expands Dubai capabilities
QBE has expanded its Dubai branch’s underwriting capability into general liability facultative reinsurance for Middle Eastern and North African clients.
Sterling set to open Manchester office
Sterling Insurance is to open a new regional branch in Manchester.
South appointed CEO of Marsh Europe
Marsh has appointed Martin South to the newly-created position of chief executive officer of Marsh Europe.
Generali, RSA and XL Group believed to insure stricken cruise ship
The Costa Concordia, which ran aground on Friday, is believed to have been insured by companies including RSA Insurance Group, Assicurazioni Generali SpA, and XL Group.
Ink gains renewal rights for Adding 1 lines
Ink Insurance has signed an agreement with Adding 1 for the rights to renew their property, liability and motor fleet based business.
45% of all FOS cases brought by CMCs
Claims management companies accounted for 45% of cases taken to the Financial Ombudsman Service last year, according to a report by the government’s financial watchdog the National Audit Office.
Liberty Syndicates to sponsor World Cup
Liberty Syndicates Brazil has signed up as an official national supporter of the 2014 Fifa World Cup.
Australian disaster claims total A$5bn
Australia’s eight natural disasters in 2011 cost general insurers approximately A$5bn (£3.4bn) – more than double the 2010 figure, the Insurance Council of Australia reports.
Solvency II vote pushed back to spring
The European Parliamentary vote on Omnibus II has been delayed until the spring, Post understands.
Home & Legacy teams up with Aviva on ‘Premier Motor’ launch
Home & Legacy has teamed up with Aviva to launch ‘Premier Motor’ product a high net worth motor offering for its UK broker base.
Reinsurance trade groups warn against protectionist regulation
A coalition of reinsurance trade groups has pointed to the record 2011 global insured natural catastrophe losses as a warning sign as to why protectionist reinsurance regulation will backfire in jurisdictions that try to impose limits on global risk…
Jubilee launches download cover
Specialist Lloyd’s insurer Jubilee and underwriting agency iDigital have joined forces to develop and distribute the cover for downloaded content held on all forms of electronic equipment.
Biba welcomes Treasury report calling for fresh regulation outlook
The British Insurance Brokers’ Association has been among the first trade bodies to welcome today’s publication of a Treasury Committee report into the Financial Conduct Authority.
Aon shifts corporate HQ to London
Global broker Aon is to move its corporate HQ to London with the aim of gaining greater access to emerging markets and taking advantage of the strategic proximity to Lloyd's and the London market.
Solvency II compliance challenges remain
European insurers have identified reliance on third parties for data, sophisticated risk modelling requirements and obtaining sufficiently detailed fund data among the challenges to be overcome in order for them to achieve Solvency II compliance.
Russian liability law pushes up insurance costs
Stringent new legislation on the management and insurance of plants dealing in hazardous materials in Russia could have far-reaching consequences for companies operating in the region, according to Marsh.