News
India's GDP growth slows
India has recorded its worst GDP growth in a decade as fears persist over high inflation and a slump in manufacturing.
Taiwan earthquake kills two
A 6.3 magnitude earthquake in central Taiwan has killed two people and injured over 20 more.
Hong Kong premiums grow 15% in Q1
Total gross premiums in Hong Kong climbed 15.2% year on year to HK72.4bn ($9.3bn) according to the Office of the Commissioner of Insurance.
Kennedys merges with aviation specialists Gates and Partners
Kennedys has agreed a merger with specialist aviation and aerospace law firm Gates and Partners.
Allianz rebrands Your Cover in bid for greater UK recognition
German insurance giant Allianz has launched a brand building campaign in a bid to make Allianz a household name in the UK.
Pressure mounts for riot damages reform
MPs and local authorities are keeping up the pressure to get a better deal for property owners and businesses in the wake of the riots of summer 2011.
DAC Beachcroft appoints former regulator to Madrid practice
International law firm DAC Beachcroft has appointed a new partner to its Madrid-based insurance regulatory practice.
Giles reports 2012 Ebitda up 3%
Independent broker Giles has reported increased earnings for the year to 31 August 2012, driven by new business launches and an acquisition.
EHIC rejection could hit travel premiums warns Columbus Direct
The use of travel insurance as a substitute for the European Health Insurance Card is starting to affect travel insurance premiums for European countries including Spain, Greece and Cyprus, according to travel insurer Columbus Direct.
BGL Group to launch ABS
BGL Group has acquired legal practice Minster Law becoming the latest insurance company to form an alternative business structure.
Travel premiums set to rise if insurance is used as substitute of EHIC
Travel insurance premiums for countries like Spain, Greece and Cyprus are set to rise if European nations keep referring people to private hospitals instead of providing the care they are entitled to under European Law, Columbus Direct has warned.
Floods hit Mexico's Pacific coast following Barbara landfall
Excessive rainfall and flooding have hit some areas of southeastern Mexico after hurricane Barbara made landfall near the state of Chiapas on Wednesday.
Lorica COO Godbold on gardening leave
Stephen Godbold has left insurance broker Lorica and is currently serving gardening leave.
Cunningham Lindsey promotes two in management shuffle
Loss adjuster Cunningham Lindsey has named new leaders for its surveying and contractor network divisions, in a bid to bring fresh ideas to its leadership.
Hong Kong no longer world's 'most competitive' economy
Hong Kong is no longer the world's 'most competitive' economy according to the International Institute for Management Development.
Profits on the rise in Indonesia
The general insurance industry in Indonesia saw net profits rise 22% last year when compared to 2011.
Generali secures €2bn revolving credit facility
Italian insurer Generali has signed deal for up to €2bn in revolving credit facilities, in a bid to improve its “flexibility to manage future liquidity needs in a volatile environment”.
Zurich opens commercial insurance premiums books
Zurich has launched a guide for brokers to help explain how premiums, profits and losses are calculated.
Eqecat and RMS finalise data sharing scheme
Rival catastrophe modelling firms Eqecat and Risk Management Solutions have finalized an agreement to share exposure data schemas.
Oak MD Trott to retire
Bob Trott, who has led Oak Underwriting since 2003, is to retire at the end of June, with RSA personal lines broker MD Jill White set to temporarily replace him.
Brokerbility’s Ashwin Mistry set to take CII helm in 2014
Ashwin Mistry is set to become president of the Chartered Insurance Institute (CII) in 2014, Post’s sister title Insurance Age has revealed.
Search for independent midwives PI cover at Lloyd's 'a non-starter'
Independent midwives in search of professional indemnity insurance have experienced a further setback after an attempt to track down underwriting capacity from the Lloyd’s market drew a blank.
Spain investigated by EC over health insurance card failures
The European Commission has demanded information from Spain over complaints that Spanish hospitals are refusing to honour the European Health Insurance Card scheme.
Over 50% of insurers lack proper conduct risk strategy
More than half of insurers do not have a clearly defined conduct risk strategy in place, a PWC survey found.