News
Commercial health products 'more effective' than relying on goverment, Chinese minister says
China's government plans to work with private insurers to expand national health cover in a bid to close the mortality gap between rural and urban residents while keeping costs low, according to Bloomberg's Businessweek.
Tokio Marine to sell takaful through Saudi joint venture
Tokio Marine Middle East, the Dubai-based regional hub of Japanese insurer Tokio Marine, is to launch a new Saudi joint venture, according to reports in the local press.
FMG achieves two business certifications
Incident management specialist FMG has obtained certifications that recognise the firm's business continuity plans.
Jubilee parent RSG confirms Direct Group acquisition plans
The Doncaster-based Direct Group will be acquired by Ryan Specialty Group in a bid to build on existing third party administration offerings.
Mondial reshuffles sales team
Mondial Assistance UK has restructured its sales team just a fortnight before it becomes Allianz Global Assistance.
FSC in bid to wind up Lemma in Gibraltar
The Gibraltar Financial Services Commission has been granted leave to apply for the winding up for Gibraltar-based Lemma Europe, according to a report in The Gibraltar Chronicle.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Moody's cuts Amlin ratings
The rating agency has lowered Amlin's group subordinated debt ratings and the insurance financial strength rating of its Lloyd’s syndicate.
Mapfre and Genworth join forces to sell products in Latin America
Spanish insurer Mapfre is to distribute Genworth lifestyle protection insurance products in Latin America.
'Credibility' of industry hinging on trialogue talks, says PWC
The reputation of the European insurance industry is in the balance as talks continue on the final text of Omnibus II, according to PWC.
Europe eyes up captive insurance
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.
ABI throws weight behind industry partnership with the FCA
The Association of British Insurers renewed its support today for the insurance industry working in partnership with the incoming Financial Conduct Authority to ensure that regulation delivers for consumers.
Credit insurers Garant and ASEI enter partnership
Austrian political risk insurer Garant Versicherungs AG and state-owned export credit agency Asuransi Ekspor Indonesia have entered into a commercial partnership to improve the export credit and political risks cover available to their clients.
Jubilee parent targets Direct Group
The parent company of Lloyd's managing agency Jubilee is in talks to acquire a stake in insurance administration specialist, managing general agency and top 50 broker Direct Group, Post Online has learned.
Aspen launches computers, cyber, privacy and media risks covers
The underwriters risk management business has launched a range of new covers to protect against risks relating to computers, data and cyber-crime.
Clyde & Co recruits Paris partner
The law firm has recruited former Dewey partner Yannis Samothrakis to boost its global corporate insurance practice.
South Korea hit by second typhoon in a month
Typhoon Sanba made landfall on 17 September just before noon local time in South Gyeongsang Province on the southern coast of South Korea, according to catastrophe modeling firm Air Worldwide.
Axa launches telematics product for Irish drivers
Axa Ireland has launched a telematics product for young drivers in conjunction with MyDrive Solutions.
Swiftcover posts £13m loss but GWP rises
Swiftcover Insurance Services found itself in the red in 2011 after posting a loss on ordinary activities before interest and taxation of £13.4m for the year ended 31 December 2011 compared with a profit of £932 000 in 2010.
IUMI: Marine insurance market at "bottom of the pricing barrel"
Marine insurance brokers have been urged to warn clients that increases in rates and deductibles are on the way as part of the industry's push to escape the soft market cycle.
IUMI: Insurance industry acted responsibly during economic meltdown
The economic crisis will create opportunities for the global insurance and reinsurance market if it can deliver "true resilience", delegates at the International Union of Marine Insurance annual conference have heard.
Quindell seals South Africa deal with Quintica
Quindell has acquired South Africa-based telecommunications outsourcing service provider Quintica and its international arm Quintica International.
William Russell launches UAE web portal
Expat insurance provider William Russell has launched a new website for clients in the United Arab Emirates.
Julian Millar joins Claimspro
Former QBE and Royal Bank of Scotland Insurance claims boss Julian Millar has joined loss adjusting business Claimspro International as managing director.