News
Swiss Re increases dividend as Francis joins board
Shareholders Swiss Re shareholders have approved an increase in the regular dividend from CHF3.00 to CHF3.50 per share as well as an additional special dividend of CHF4.00 per share.
Flood: A Dutch Obligation
For the first time in decades Dutch citizens can purchase flood insurance but should the product be compulsory? Francesca Nyman explains.
Four Japanese carmakers recall 3.4m vehicles
Toyota, Nissan, Honda and Mazda caught out by auto parts maker Takata which supplied potentially faulty airbags.
First Myanmar private insurers to launch in June
12 private insurers who won government licenses last year will start operations in June in Myanmar, the first time private insurers have been allowed to trade in the country.
South Korea blames cyber attack on North Korea as tensions mount
South Korea says cyber attack on broadcasters and banks in March was cyber warfare from a military spy agency in North Korea, as North Korea readies rockets.
Ping An to buy Lloyd's building in London
Commerzbank is set to sell the iconic building after almost eight years of ownership to the Chinese insurer.
GAB Robins’ pensions capped as regulator takes stake in firm
GAB Robins UK has secured its future after striking a deal with The Pensions Regulator and its scheme’s trustees to eliminate its pension liabilities, with the public body taking an equity stake in the loss adjuster.
M6.3 earthquake hits Iran's southwest coast
An magnitude 6.3 earthquake struck 55 miles southeast of Bandar Bushehr near Iran’s southwest coast on April 9.
Former RSA chairman joins Ace
Ace European has appointed former RSA chairman John Napier to a new role of non-executive chairman of Ace European Group and Ace Underwriting Agencies.
Lloyd’s relaxed on Ping An building deal
The Lloyd’s insurance market is confident that the acquisition of the Lloyd’s building by Chinese life insurer Ping An would not affect operations.
Bluefin acquisitions boss Sugden departs
Bluefin Insurance’s acquisitions lead Marshall Sugden is leaving the firm to join another broker, Post can reveal.
Saffron Insurance teams up with Vamco
Saffron Insurance has appointed Vamco to provide a full-service external claims handling service across its client portfolio.
KPMG names Smart UK insurance boss
KPMG has promoted its Solvency II boss to head up the total UK insurance practice.
Allianz training scheme attracts record response
Allianz Commercial has welcomed its second intake of scholars for its partner academy scholarship programme.
Griffiths & Armour joins Biba panel
Griffiths & Armour has joined the British Insurance Brokers’ Association’s professional indemnity insurance panel.
Former RSA chair Napier joins Ace
Ace has recruited former RSA chairman John Napier to serve as non-executive chairman for Ace Europe and Ace Underwriting Agencies.
Allianz Global Corporate & Specialty names Hong Kong CEO as regional financial lines head
Allianz Global Corporate & Specialty is to dispatch its Hong Kong chief exec to London in a new role as regional financial lines head.
Axa Art awards grant to Harvard museums
Art insurance specialist Axa Art has awarded its conservation research grant to Harvard Art Museums in the US.
Coverbox promotes two in growth drive
Telematics insurer Coverbox has promoted two senior staffers, anticipating business growth.
Non-traditional capacity hits Asian market at April renewals
Dynamic capital growth and ample reinsurance capacity resulted in a relatively stable renewal at April 1, 2013, according to Guy Carpenter.
Lloyd’s building to be bought by Chinese insurer
The Lloyd’s building is to be acquired by life insurer Ping An in a deal worth £260m according to The Times.
Lorega extends Broker Network deal
Broker Network and Countrywide have extended their relationship with Lorega through the launch of a household loss recovery insurance product.
Top five Asian news stories
Here are a round up of the top five Asian news stories from www.insuranceinsight.com in the last seven days.
April reinsurance renewal rates were competitive
Increased capital and competition meant similar or falling reinsurance rates in April despite a predicted active 2013 hurricane season, according to corporate stockbroker Westhouse.