News
Sandy wreaks havoc in New York subway
The New York subway faces unprecedented challenges after flooding caused by post-tropical cyclone Sandy.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Law firm warns of Sandy coverage gaps
Insurers may struggle to define causes of damage following Sandy's landfall in New York, while the duration of the storm could limit reinsurance cover.
Munich Re Foundation report highlights 200% rise in microinsurance
A new study of African microinsurance markets, published by Making Finance Work For Africa and Munich Re Foundation, found that the number of low-income households benefiting from insurance services has grown by over 200% in three years to more than 44…
Zurich to re-launch HNW travel product before end of the year
Zurich has revealed plans to re-launch its high net worth travel insurance product, in a move which coincides with the 10-year anniversary of the firm's Zurich Private Clients HNW business.
Bluefin expands commercial division
Bluefin Insurance Services has appointed Simon Hoare as executive director.
Higos criticises "ludicrous" gender directive
Higos Insurance Services has branded the EU gender directive as "ludicrous", arguing that it will penalise women drivers when it comes into force on 21 December.
Allianz and Covéa to appeal against RSA subrogration ruling
Allianz and Covéa have lodged an application to appeal against the High Court's judgement in favour of RSA's motor subrogation costs model.
Ace hires Zotti to develop Italian consumer lines
Ace Group has recruited Renato Zotti as director of accident and health, life and travel in Italy as the firm continues to invest in consumer lines insurance propositions for the Italian market.
RTA Portal extension presents "minefield" of deadlines, says Garwyn
Garwyn's chief executive has said that the 20-page draft pre-action protocol for the RTA Portal extension to cover EL and PL claims is "in danger of becoming too complex to be workable".
UK General hires former Zurich man for niche motor role
UK General Insurance has appointed Martin Kennedy, pictured, to a new role developing niche motor products.
Allianz raises profit expectations for 2012
Allianz has raised its 2012 full-year operating profit expectations to over €9bn, assuming a normal business development during the rest of the year.
Sri Lankan minister moves to appease privatisation fears over state insurer listings
State-run insurers in Sri Lanka will be listed at the Colombo Stock Exchange by 2016, it was announced in parliament.
Chinese P&C premiums up almost 15% in first nine months of 2012
China's insurance premiums hit ¥1.21tn (£118bn) in the first nine months of the year, up 7.3% from the same period last year, according to the China Insurance Regulatory Commission.
Biba takes broker issues to 10 Downing Street
The British Insurance Brokers Association visited the Prime Minister's office to lobby for key issues affecting brokers.
Insurer stocks dipped ahead of Hurricane Sandy landfall
Stocks for European insurers, including Allianz SE and Zurich Insurance Group, fell on Monday as the US prepared for Hurricane Sandy, which is expected to cause $5bn-$10bn in insured losses, according to modelling firm Eqecat.
Primary insurers to bear brunt of Sandy, says Fitch
Losses related to Hurricane Sandy will be largely borne by primary insurers, according to Fitch Ratings.
Police arrest six 'crash for cash' suspects
Gwent and South Wales police have detained six people following an investigation into suspicious claims referred by insurers and the Insurance Fraud Bureau.
Questgates reorganises environmental team
Questgates has added to its environmental claims services team with several new hires.
Ex-Thatcham CEO Roberts becomes iAccident chairman
Former Thatcham chief executive Peter Roberts has been appointed chairman of smartphone app exponent iAccident, in a bid to make the company the market-leading provider of motor incident reporting tools.
Hurricane Sandy devastates US east coast
Hurricane Sandy left at least 16 people dead and six million without power last night as it made landfall on the US east coast.
Reinsurers have appetite for Asia-Pac business despite 2011 losses
The first three quarters of 2012 have proved relatively benign in terms of Asia Pacific insured catastrophe losses, according to a new Guy Carpenter report.
London Assembly slams insurers for 'slow' settlement of riot claims
The London Assembly has criticised insurers for being "too slow" to settle claims from last year's riots and has urged them to publish average settlement times for future major events.
Singapore government to subsidise political risk cover for selected firms
A Singapore government agency has launched a political risk insurance scheme to help Singapore-based companies protect projects and investments as they grow overseas.