News
Insurers unite on winter tyres
The Association of British Insurers is set to unveil a list of major motor players that have agreed not to charge an additional premium to policyholders for the fitting of winter tyres.
Willis names global analytics CEO
Willis Group Holding has named Rowan Douglas as CEO of its Global Analytics division.
Catlin and China Re join forces to create special purpose syndicate
Lloyd’s reinsurer Catlin has formed a strategic partnership with China Reinsurance Corporation, the country's only state-owned reinsurance group.
Vienna Insurance reports 4% premium increase for first nine months
Austrian insurer Vienna Insurance Group reported consolidated written premiums of €6.8bn in the first nine months of 2011, a 4% increase year on year.
RFIB appoints Anthony Harris to run Saudi Arabian office
Lloyd’s broker RFIB Group has announced that Anthony Harris will be heading up the firm’s newly opened office in Saudi Arabia.
Kiln reports 2009 is on track, but 2010 outlook is bleak
Kiln has revealed its 2009 year of account is on track to deliver ‘excellent’ returns, but the unprecedented level of catastrophe activity and reduced investment income has left its 2010 year of account depressed.
UKRC calls for better provisions for sick staff
The UK Rehabilitation Council is demanding the introduction of proactive return-to-work strategies for sick staff, as the Department for Work and Pensions prepares to publish its sickness absence review on Monday.
Hiscox London Market announces two appointments
Hiscox London Market has welcomed two new recruits - Guillaume Bonnissent joins the specialist insurer as line underwriter for personal accident and Rob Ashton comes on board as line underwriter for special risks and personal accident XL Reinsurance.
Eiopa president urges caution on counter-cyclical tools
Eiopa president Gabriel Bernardino used his key-note speech at its first annual conference to urge caution with regard to the use of counter-cyclical tools in insurance.
Post Blog: Fail to prepare and prepare to fail
The revised deadline for Solvency II compliance for European Insurers is 1 January 2014. Despite the delay in start date, the reality is insurers cannot afford to be complacent with their plans.
Catlin partners with China Re
Property and casualty insurer Catlin has formed a strategic partnership with China Re to establish Lloyd’s syndicate – the first time a Chinese insurer has directly invested in the market.
Ace snaps up former Chubb regions boss
Ace has today unveiled former Chubb Insurance UK regions manager Carolyn Hamilton as the firm’s new corporate risks regional development manager.
Hastings Direct creates Premier brand
Hastings Direct has launched premier car and motorbike insurance products with additional features and benefits as standard.
Jelf signals South East expansion with key appointment
Jelf Insurance Brokers has today announced its intention to establish a footprint in the South East following the appointment of Lee Gwilliam as business development executive for the region.
Amtrust to open office in Italy
Amtrust Europe is to change its operations in Italy and open an office in Milan, following approval from the FSA.
Fitch affirms SOGAZ rating
Fitch Ratings has affirmed Insurance Company of Gas Industry SOGAZ (Russia)’s Insurer Financial Strength rating at ‘BB+’ and National IFS rating at ‘AA(rus)’.
Lloyd's director encouraged by growth of Chinese broking sector
China offers commercial and reinsurance brokers a great opportunity for growth, although the role of local players may ultimately outstrip the international names.
Bancassurance growth outstrips traditional models in Asia
The growth of the Bancassurance model is outstripping that of agents in many parts of Asia according to Joyce Chan.
Chinese motor market tipped to open up to international players
The Chinese motor market could offer great opportunities for international insurers if local legislation is relaxed next year.
Middle East insurance consolidation is inevitable, claims lawyer
It is not of matter of if there will be consolidation in the Middle East insurance market, but when, according to a local legal expert.
FSA bans broker for insurance fraud
The Financial Services Authority has fined broker John Folan £195 117 for insurance fraud and banned him from carrying out regulated financial services activity.
Affinity Select launches household service following PI success
Affinity Select Insurance Services is hoping to “fill a gap” in the household market with the launch of a new service designed to connect customers directly with industry experts.
Actuaries confirm Cribb as CEO
The Institute and Faculty of Actuaries has appointed Derek Cribb as its chief executive. He has been acting chief executive of the professional body, having joined the organisation in May 2010.
Allianz promotes aviation manager to head of broker development
Allianz Global Corporate & Specialty has promoted Zoe Layden to the role of senior broker development manager for the UK business.