News
Indonesian bank eyes selling insurance at its branches
Bank Rakyat Indonesia is considering selling insurance to its 40 million customers via its 4 000 branches across Indonesia.
Powerful earthquake strikes near Solomon Islands
A magnitude 8.0 undersea earthquake near the Solomon Islands led the Pacific Tsunami Warning Centre to issue tsunami alerts for a host of countries although they have since ended with the threat passing.
Hong Kong Federation of Insurers slams fine proposals on sales reps
The insurance body has submitted a report to the Financial Services and the Treasury Bureau outlining its concerns over proposed fines of up to HK$10m under a new regulator.
UIB recruits former JLT partner Scott
Reinsurance broker United Insurance Brokers has swooped to appoint JLT London partner Richard Scott to head up marketing and business production.
Axa completes global whiplash study
Axa is to present a study of global whiplash regulation and statistics to MPs, lawyers and other experts at a discussion breakfast in the Houses of Parliament tomorrow.
Former Brit and NIG head Vivek Banga joins AJ Gallagher as e-trading boss
Brit's former head of UK distribution Vivek Banga has joined Arthur J Gallagher International as its director of e-trading.
Foil CEO and Cunningham's Roberts join Camford Sutton
Claims consultancy Camford Sutton has enlisted Foil CEO Laurence Besemer to serve as one of its associates.
Beazley launches cyber product with data coverage limit
Beazley has launched a cyber product focusing on the amount of data covered rather than a financial limit.
Biba launches manifesto for “the year of change”
The British Insurance Brokers’ Association has launched its manifesto for 2013, promising to meet customers’ needs, promote fairer regulation and support jobs.
Former Lockton International CEO Julian James returns with Allied World
Former Lockton International chief executive Julian James is to return to the market as European president of Swiss insurer and reinsurer Allied World.
Tempo Underwriting granted CII status
Specialty managing general agent Tempo Underwriting has been awarded corporate chartered insurer status by the Chartered Insurance Institute.
Ex-Lockton International boss James returns at Allied World
Former Lockton International chief executive Julian James has joined Switzerland-based insurer and reinsurer Allied World as European president.
The Co-operative and Wunelli unveil young driver app
The Co-operative Insurance has teamed up with telematics solutions provider Wunelli to launch a young driver app.
Premium Credit appoints head of sales and marketing
Premium Credit has named David Pipe as head of sales and marketing. The appointment follows the company’s recent transfer to private equity ownership and other recent senior hires.
Markel notches up substantial COR improvement across the board
Markel International’s combined operating ratio plummeted below the break even line for 2012 after the operation recorded a COR of 88%, down 28% on the previous 12 months.
Kiln strengthens underwriting teams in Singapore and Hong Kong
As Lloyd's insurer Kiln grows in Asia, it has appointed two senior underwriters in Hong Kong and Singapore for marine and aviation.
Kiln bolsters Asian underwriting team
Kiln has appointed Joyce Fung as a marine liability underwriter in Hong Kong and Graham Oddie as an aviation underwriter in Singapore.
Asta brings new Lloyd’s Syndicate
Third party syndicate manager Asta has gained approval for Asta Managing Agency to establish and manage a new Lloyd’s syndicate backed by Nephila Capital.
Plantec Holdings secures Carole Nash contract
Plantec Holdings will be the sole provider of overflow motorcycle accident hire for Carole Nash Insurance Consultants.
New Lloyd's syndicate 2357 appoints Willis' Beatty as approval granted
Asta, the Lloyd’s leading third party syndicate manager, today announced that Lloyd’s Franchise Board has granted “in principle” approval for Asta Managing Agency to establish and manage a new Lloyd’s syndicate 2357 backed by Nephila Capital.
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
1 500 join class action lawsuit against South Korean life insurers
Seven South Korean insurers set for lengthy legal battle following claims of price fixing insurance premiums.
Ping An purchase already paying dividends
Share price rise is good news for the Charoen Pokphand Group, the Thai conglomerate that bought HSBC's 15.57% stake in Chinese insurer Ping An.