News
Gard launches line operators product
Gard has introduced a policy to cover on- or off-the-ship damage or loss of containers, which includes cover for containers’ share of General Average contribution.
Canopius to sell off Bermuda operation
Canopius has entered into definitive agreements to sell all of its shares in Canopius Bermuda to institutional investors.
Premiums in Thailand growing strongly
Thai insurance premiums grew strongly in 2012 and are expected to grow 16% in 2013 to 660bn baht ($22bn), suggesting a rude recovery in the market following the floods in 2011.
Lady Gaga sues syndicates over cancelled gig
Following a cancelled gig in Jakarta last year after threats from an Islamic group, the pop singer Lady Gaga's management team and concert organisers claim their insurers should pay out.
Nexus Group targeting $100m+ GWP for 2013
Specialist managing general agent Nexus Underwriting is planning to mark its fifth anniversary by becoming the largest MGA in the London market.
Indian refiners to halt Iranian oil imports
India’s oil refiners may cease crude imports from Iran next month as a result of their inability to access cover due to Western sanctions, the head of its largest refiner has said.
Groupama avoids false five-figure insurance claim
A man has been fined £10 000 at Ipswich Crown Court after making a false five-figure insurance claim for a restored Bentley he claimed was stolen.
Cega steps up CII training programme
Third-party claims management and assistance provider Cega is increasing its financial and practical support for candidates taking the Chartered Insurance Institute certificate in insurance.
Premium Credit completes sales team line up with new hire
Premium Credit has named Michael Phillips head of major accounts and insurer relationships.
Guernsey regulator recruits Central Bank of Ireland risk boss
Guernsey’s financial services regulator has swooped for its new director general, recruiting the Central Bank of Ireland’s head of risk.
Cunningham Lindsey London boss Raine takes new role
Cunningham Lindsey’s London market director Stephen Raine is to limit his time in the city in a bid to spend more time with his family.
Biba and Willis back social media site
Social media platform My Slipcase has signed up members from 342 insurance and reinsurance organisations since it launched nine months ago.
K&R demand likely to increase following Chavez death
Interest in kidnap and ransom policies for Venezuela is expected to increase following Chavez' death, according to analysts.
Crawford takes majority stake in energy consultancy
Crawford & Company is to acquire a majority interest in loss consultancy Lloyd Warwick International.
Axa marketing director and ex-Swiftcover exec Tina Shortle resigns
Axa personal lines marketing director and former Swiftcover executive Tina Shortle has resigned from the company, Postonline can reveal.
Australian government advisers link hot summer to climate change
The Australian government's independent Climate Commission has linked a record hot summer to climate change.
Esure aims for £1.14bn market cap
Esure has set its indicative price range for its proposed float at set at 240p to 310p per share.
Aviva's rating affirmed by S&P
Standard & Poor's has confirmed that Aviva's ratings and outlook are unaffected by the company's after-tax loss of £3bn for 2012.
Yu: 'Hong Kong employee compensation premiums underpriced'
Allan Yu, director of general business, Zurich and a member of the Hong Kong Federation of Insurers governing committee, urges tightening of oversight of personal injury claims.
Hong Kong insurers to participate in 270bn yuan market
The China Securities Regulation Commission is to allow Hong Kong insurers and Hong Kong branches of Chinese insurers to invest yuan raised offshore in the mainland.
Zurich disappointed with fraudster sentence
Having successfully defended a criminal case against crash for cash fraudster Mark Smith, Zurich has said it is disappointed that the fraudster did not receive a custodial sentence.
Italy's political shift could spur ecommerce
While the uncertain outcome of Italy’s February election may herald a worrying time for Eurozone politicians, the success of Beppe Grillo’s Five Stars Movement it could have a positive impact on the insurance market.
Italian insurers 'not interested' in professional indemnity cover
Italy’s new government should grasp the opportunity to 'revolutionise' the professional indemnity market, ensuring greater competition and increasing the availability of cover.
Kilpatrick appointed global markets exec for Dual International
Dual, the underwriting arm of Hyperion Group, is entering the next phase of its restructure following a strategic review.