News
Mexico quake damage "less than $100m"
The magnitude 7.4 earthquake that struck Mexico yesterday is expected to cause less than $100m of insured damage, according to catastrophe modelling firm Eqecat.
Budget 2012: Red tape reductions expected to enhance SME growth
Zurich SME boss Richard Coleman has praised the Chancellor's budget announcement concerning a consultation on how small business with turnover of up to £77 000 pay tax.
Analysts praise ECON vote on Solvency II
Industry experts have praised the European Parliament Economic and Monetary Affairs Committee decision to back a series of Solvency II amendments.
CNA to acquire Hardy
US commercial insurer CNA is to acquire Lloyd's insurer Hardy Underwriting.
Budget 2012: More insurers to target UK move, claims PwC
The insurance implications of this afternoon's budget could result in an influx of international insurers moving to the UK over the coming 12 months, according to PwC insurance tax leader Colin Graham.
Budget 2012: ABI director general welcomes corporation tax cuts
The director general of the Association of British Insurers has "strongly welcomed" Chancellor George Osborne's promise to create a more competitive corporate tax regime in Britain by cutting corporation tax to 24%.
Starr expands in APAC with Singapore direct licence
Insurance and travel assistance group Starr Companies has been granted a direct general licence from the Monetary Authority of Singapore to operate as a direct insurer in the republic.
CNA to buy Hardy
US commercial property and casualty insurer CNA is to acquire troubled Lloyd's insurer Hardy Underwriting.
Analysts praise ECON vote on Solvency II
Industry experts have praised the European Parliament Economic and Monetary Affairs Committee decision to back a series of Solvency II amendments.
Andrew Holman targets steady international growth
Plans to expand the international book at John Holman & Sons are underway, with two more deals expected to be added to that of the non-marine business acquired from London Market Insurance Brokers.
Claims Awards 2012 shortlist announced
Insurers RSA and Sterling lead the way in nominations for the 2012 Claims Awards with three each.
Mondial Assistance to sell cover through travel club
Travel insurer Mondial Assistance UK has secured a new contract with luxury travel club Voyage Privé to administer the sale of single trip travel insurance policies.
Generali profit hit by €1,017m one-off impairments
Generali posted reduced profits for the full year 2011 due to impairments from Greek write-downs and its Telco investment to the tune of €1,017m.
Crawford appoints new Broadspire CEO
Crawford & Company has named Danielle Lisenbey as chief executive of Broadspire's medical services effective immediately.
Bahrain celebrates inaugural 'Insurance Day'
Industry specialists gathered for Bahrain's first annual 'Insurance Day' today in a bid to increase insurance awareness in the Kingdom.
Ecclesiastical posts loss, despite Ireland performance
Specialist faith insurance providers Ecclesiastical made an overall pre-tax loss of £7.7m for the full year 2011.
Solvency II measures 'far from perfect'
Following the European Parliament Economics and Monetary Affairs Committee vote today, Otto Thoresen, director general at the Association of British Insurers, has urged finance ministers, the European Parliament and the European Commission to work…
Imperial Consultants announces double flooring appointment
Imperial Consultants has today announced the appointment of Suzanne Armstrong, who will join the firm as strategy manager with a view to heading up the independent flooring validation offering.
Ace hires three international managers
Ace has made three new leadership appointments in its sales and distribution team as part of a strategy to strengthen local relationships with customers and brokers.
Reports name ex-Aviva director Biggs as possible Direct Line chairman
Former Aviva director Mike Biggs has been offered the coveted role of Direct Line Group chairman by bosses at RBS, according to reports this morning.
Assured Guaranty faces possible ratings downgrade
Moody's has placed the Aa3 insurance financial strength ratings of Assured Guaranty Municipal, Assured Guaranty Corp and their affiliated insurance operating companies on review for a possible downgrade.
Earthquake hits Oaxaca in Mexico
An earthquake has hit south west Mexico close to the popular holiday destination of Oaxaca.
Insurer IT spend to hit $158bn by 2014
Global information technology spending by insurance companies is expected to reach $140.6bn (£88.7bn) in 2012, an increase of 6.3% over 2011, according to research firm Celent.
Ecclesiastical reveals £16m underwriting loss
Ecclesiastical has blamed a pre-tax loss of £7.7m and an underwriting loss of £16.1m on the eurozone and Australasian catastrophes, but plans to increase premiums in Australia.