News
Standard and Poor's commends Generali management strategy
Standard & Poor's has affirmed the 'A' long-term counterparty credit and insurer financial strength ratings of Italy-based Assicurazioni Generali and its "core" subsidiaries'.
Ecclesiastical CEO Tripp to retire this year
Ecclesiastical chief executive Michael Tripp has announced his intention to retire from his post during the course of 2013.
Covéa boss Street joins Thatcham board
Covéa Insurance has revealed that Barry Street, head of claims engineering services, has joined the Thatcham board of directors.
K&R insurers crank up risk forecast in Africa amid terrorism fears
Kidnap and ransom insurance market experts have claimed that while recent attacks on an Algerian gas installation will have a material impact on underwriting strategy in the region, the local risks were already well understood.
Am Best affirms Swiss Re rating
Swiss Re's A+ financial strength rating and issuer credit ratings of ‘aa‘ have been affirmed by AM Best.
Swiss Re splits agriculture and aviation divisions
Swiss Re is to separate its agriculture and aviation divisions as part of a reorganisation of its special lines.
Swiss Re reorganises special lines
Swiss Re is to separate its agriculture and aviation divisions as part of a reorganisation of its special lines.
Catlin launches new terror cover
Catlin has introduced a new terrorism insurance product via its London-based underwriting subsidiaries.
First captive insurer in China to launch this year
In a sign of growing sophistication in the Chinese market, Beijing-based oil and gas producer China National Petroleum and subsidiary Petro China are jointly developing a captive insurer.
China's insurance market sees 8% rise in 2012
Health and general insurance are behind an eight per cent growth in the Chinese insurance market to 1.55trn yuan ($248bn) in 2012.
Tune Insurance readies for IPO
Tune Insurance is trying to attract investors through its partnership with Air Asia as it looks to float on the Bursa Malaysia on 22 February.
LV deal boosts Davies business after Zurich and NFU Mutual losses
Loss adjuster Davies has confirmed it has signed a "significant" deal with existing insurer partner LV, as it gets closer to naming a new chief executive.
Insurers argue FSCS funding structure to pay into broker pool is 'unreasonable'
The British Insurance Brokers' Association has condemned plans to revise the funding structure of the Financial Services Compensation Scheme, arguing that the charges faced by insurance brokers remain "unacceptably high".
L&G reshuffles its pack after positive Q3 results
Legal & General has completed a management reshuffle of its general insurance, retail protection and group protection businesses.
AIG on risk for fatal incident as cause of helicopter crash investigated
AIG has confirmed it was the insurer of the twin-engine helicopter that clipped a crane and crashed in central London last week, after being diverted to an early landing pad due to bad weather.
Gable gets French connection with new product
Gable Insurance has launched a rental guarantee product into the French market following successful launches in Norway and Denmark.
Premium Credit CEO aims for 16% broker penetration in next 12 months
Premium Credit chief executive Andrew Doman has outlined his strategy to double broker penetration in 2013.
Investing in the Profession: Hastings announces 200 new jobs in move to triple its customer base
South Coast insurance broker Hastings Direct has signalled its intention to bring fresh blood into the business with plans to recruit 200 new employees.
Market moves: Busy week for insurers sees sector take on seven new recruits
Following a week of broker domination in recruitment, insurers have battled back in a big way with no fewer than seven headline hires at companies ranging from agricultural insurer Rural to Lloyd's syndicate Aegis London.
UK exit could impact insurance regulation
A change in the UK's relationship with the European Union would most likely affect insurers in the area of regulation, according to PwC.
Biba welcomes Cameron referendum promise
The British Insurance Brokers' Association has backed a guarantee from Prime Minister David Cameron to hold an 'in/out' referendum on the European Union by the end of 2017.
Corporates still at risk from Eurozone economic woes
The Eurozone's economic situation may be improving, but the environment for corporates remains very difficult, according to Coface chief economist Yves Zlotowski.
HCML launches new system to improve rehab service
Health & Case Management Limited has expanded its immediate medical assessment service for insurers and solicitors with a view to improving benefits for the injured party.
Delta Lloyd lists on Brussels stock exchange
Netherlands-based insurer Delta Lloyd NV listed on the NYSE Euronext Brussels for the first time today.