News
Groupama director Lefèvre quits
Groupama SA boss Pierre Lefèvre, pictured, has resigned from the business by way of mutual agreement.
Worrying level of underinsurance exposed in HK
The chief executive of AIA Hong Kong has expressed deep concern after a survey by the University of Hong Kong revealed this week that a third of the country's adults do not have insurance.
Milliman and EagleEye target European insurers
Actuarial firm Milliman and insurance technology provider EagleEye Analytics are expanding to offer products for the European market.
Mapfre and Euler Hermes receive green light for JV
Spanish insurer Mapfre and French insurer Euler Hermes have been cleared by the European Commission to proceed with their planned credit insurance joint venture.
Woodgate & Clark handling Selfridges claim
Loss adjuster Woodgate & Clark has been appointed to handle claims arising from the raid on Selfridges in Manchester, Post understands.
Chartis offers debt recovery service
Chartis has joined forces with STA International to provide trade credit policyholders a service to accelerate debt recovery, reduce shortfalls in cash flow and minimise business disruption.
MCE Insurance expands office space
Motor insurance broker MCE Insurance is taking on additional premises to house its growing sales team.
Ageas buys Groupama for £116m
Ageas UK has acquired Groupama Insurance Company for £116m in a deal that it has claimed propels it to the UK’s 4th private motor insurer with an 11.7% share of the market.
Itochu partners with Honda to offer motorcycle cover in Vietnam
Siam Cosmos Services is to offer insurance services to Honda Vietnam motorcycle owners through wholly owned insurance agent Cosmos Services (Vietnam).
Indian regulator issues guidelines for general insurance IPOs
General insurance companies planning to tap the capital market for funds must have been in business for at least 10 years and will have to seek prior approval from the regulator, India's Insurance Regulatory and Development Authority said in draft…
Fitch affirms Tugu Pratama's 'AA-' IFS rating
Fitch Ratings has affirmed PT Tugu Pratama Indonesia's national insurer financial strength rating at 'AA-' with a stable outlook.
Howorth to replace Merritt as CEO of JLT Asia
Jardine Lloyd Thompson Group has appointed Duncan Howorth as chief executive of JLT Asia with effect from 1 January 2013.
Collinson agrees Ancile Insurance travel cover deal
Collinson Insurance Group is to provide underwriting capacity for Ancile Insurance's retail travel insurance business.
'Super cedants' force reinsurers into caution
Consolidation among insurers means that catastrophe reinsurers could be more exposed to shocks on exposures, according to a study published today.
Third-party motor penetration reaches 90% in Russia
Third-party motor liability gross premiums written by Russian insurers in 2011 reached RUB106bn (€2.61bn), a 15.2% increase on the year before, according to Russia's Motor Insurers' Association.
New XL office to serve mid-market France
XL Group has opened a new insurance office in Lyon to serve companies and broking houses in the south east of France.
Talanx in shock IPO turnaround
German insurance giant Talanx has made the unprecedented move of committing to an initial public offering barely seven days after saying it had cancelled the planned listing due to market sentiment.
Insurance Europe welcomes Solvency II impact assesment
Insurance Europe has welcomed news that the European Union will undertake an impact assessment on measures to deal with long-term guarantee issues in Solvency II before finalising the Omnibus II text.
Talanx resumes £3bn IPO days after abandoning float
Talanx AG is to restart plans to launch an initial public offering on the Frankfurt Stock Exchange, scheduled for October.
Lyons Davidson tops list for Legal Ombudsman intervention
The Legal Ombudsman has filed 10 decisions on law firm Lyons Davidson since April after receiving complaints from clients.
Firms in emerging markets eye captives to manage risk
Organisations in central and eastern Europe and additional emerging markets are keen to take advantage of risk management and risk financing solutions such as captive insurance companies, according to Aon Global Risk Consulting.
Willis opens new office in Malta
Global broker Willis Group has opened a new office in Malta to serve its growing captive and commercial insurance clients in the region.
Pru Health appoints client management boss
Nicky Pepper has been appointed to the newly created role of head of corporate client management at Pru Health.
Woodstock acquires Clear Insurance personal lines book
Endsleigh-owned broker Woodstock Insurance has purchased Clear Insurance Management's personal lines book of business.