News
Generali to sell assets to grow insurance business
Italian insurer Generali is to sell non-strategic assets next year to generate cash to invest in emerging markets.
Willis takes D&O cover down under
Willis has rolled out its Darcstar directors all risks cover across the Asia-Pacific region to Hong Kong, Singapore and Australia.
Government launches consultation to use MID as insurance evidence
Drivers could benefit from less motor insurance red tape after a government consultation to scrap the legal requirement to issue paper-based certificates was launched today.
Willis launches D&O product in Asia-Pacific region
Willis has introduced its Darcstar directors all risks cover to Hong Kong, Singapore and Australia.
XL named as largest solicitors' PI provider
The Solicitors Regulation Authority has named XL as the largest player in the solicitors' professional indemnity insurance market.
Metal Theft Bill moves on to the House of Lords
After a lively debate in Parliament last week, the Scrap Metal Dealers Bill has passed its third reading and moved on to the House of Lords.
Insurers urged to check books as S&P held accountable for 'misleading' rating
Insurers have been urged by a leading lawyer to check their books to see whether they have open notifications from credit rating agencies after an Australian court ruled that Standard & Poor's was liable for damages to investors.
Davies expects Markel full-year results to weather the storm
Markel International finance director Andy Davies is confident that the impact of superstorm Sandy on his firm's full-year results will not halt the momentum achieved in the opening nine months of the year.
Delhi drivers to face emissions-linked insurance
Motor insurance in India may soon be linked to a vehicle's emissions as part of new regulations aimed at cutting pollution in Delhi.
Aegis London splits non-marine property book
Aegis London has split its non-marine property book, and promoted two underwriters as part of the change.
Miller appointment strengthens marine team
Miller has enhanced its marine capabilities with the appointment of stock throughput, cargo and project cargo insurance broking specialist Tony Robinson.
Scor attributes £5.7bn GWP to a 'robust' business approach
Global reinsurer Scor delivered a 13% jump in gross written premiums to €7.2bn (£5.7bn) in the first nine months of the year owing to "increased visibility in the industry".
Fitch issues negative outlook for Italian insurers
Fitch Ratings has issued the Italian insurance industry with a negative rating outlook for 2013, indicating an elevated risk of downgrades for Italian insurers over the next 12 to 24 months.
Competition to heat up in housing market
Ernst & Young has predicted that the household insurance sector will produce a combined operating ratio of 95% in 2012, despite this summer's flooding and other variable weather throughout the year.
QBE scales back profit margin estimates as Sandy losses swell
Global insurer QBE has estimated its insured losses from super storm Sandy will be between £220.4m ($350m) and £283m ($450m).
RSA on alert after man appears in court a year on from M5 crash
RSA will "continue to monitor matters closely" after the provider of a fireworks display at Taunton Rugby Club was charged with seven counts of manslaughter following a pile-up on the M5 last November.
Superstorm Sandy: direct wind not to blame for buildings damage
Damage from storm surge and flooding caused by superstorm Sandy is widespread and extensive, but there is only minor damage to buildings from direct wind, according to a report released today by Willis Re.
Groupama launches group PA and travel quote facility
Groupama Insurances has added an online quotation facility for group personal accident, illness and business travel cover to broker extranet Optima Online.
Charles Taylor to buy life business in £1.55m deal
Charles Taylor is to acquire Global Life Assurance Limited from Pinnacle Company Limited for £1.55m.
Petroleum and gas secretary front runner in IRDA chairman race
Girish Chandra Chaturvedi is being tipped to take the helm of India's Insurance Regulatory and Development Authority when the term of current chairman J Harinarayan comes to an end early next year.
Kwik-Fit Insurance launches insurance product for learner drivers
Kwik-Fit Insurance has launched a motor insurance product aimed at drivers on a provisional licence.
"Allianz shareholders are happy," says Torrance despite COR deterioration
Allianz UK chief executive Andrew Torrance has called the insurer's retail non-motor combined operating ratio of 101.7% for the first nine months of 2012 a "decent result" given recent poor weather.
Axa unveils legal service for SMEs
Axa Commercial Lines and Personal Intermediary has launched a legal, regulatory and compliance service as standard on its management liability product.
CILA appoints first female deputy president
Candy Holland, managing director of JLT subsidiary Echelon Claims Consultants, has been appointed deputy president of the Chartered Institute of Loss Adjusters.