News
RMS updates Japan quake model
Catastrophe modelling firm Risk Management Solutions has released an update to its Japanese earthquake model, factoring in lessons from last year's Tohoku quake.
XL adds seven new hires to continental casualty team
XL has added seven underwriters to its casualty team to meet the growing demand for liability solutions throughout Europe.
Reports claim DLG has 'sold' 33% of IPO book
Direct Line Group has found buyers for the full 33% stock stake, just three days into a nine-day marketing drive, sources close to the transaction told Reuters.
MS Frontier Re to open Malaysian office
MS Frontier Re plans to establish a new branch office in Malaysia subject to regulatory approval to service its clients in Asia and Oceania.
French treasury to raise €800m via tax on insurers
French insurers and reinsurers face a 7% hike in the exit tax on capitalisation reserves, if proposals in the 2013 budget go ahead.
Towergate MD joins Integro
The former managing director of Towergate Specialist Markets, Martin Wright, has joined Integro Insurance Brokers as MD of its UK retail operations.
Factor in reforms, motor insurers urge Competition Commission
The Competition Commission has been urged to consider the impact of upcoming legal reforms, including the ban on referral fees and changes to general damages, when it begins its two-year investigation into the private motor insurance market.
Second Gibraltar firm follows Lemma into administration
Hill Insurance is seeking the appointment of a provisional liquidator following a "serious external fraud".
Keating joins CEO Hubbard at UK General as Bruce exits
Cathie Bruce is leaving her post of managing director of the commercial division at UK General and will be replaced by former Axa personal lines intermediary boss Mike Keating.
ABI to publish "compelling" young driver report
The Association of British Insurers will publish proposals tomorrow for improving young drivers' safety, calling for initiatives including a ban on intensive learner courses.
Ex-Capita boss joins price comparison site
The former chief executive of Capita Insurance Services and Minster Law, Matthew Briggs, has joined legal price comparison website Wigster.
Subrogated motor repair costs in the firing line for RSA and Groupama
RSA and Groupama have come together to sign a bilateral agreement designed to speed up the subrogated motor repair payment process and remove unnecessary costs.
Hyundai Marine & Fire scores ratings upgrade
South Korean insurer Hyundai Marine & Fire has had its financial strength rating upgraded to 'A' from 'A-' by AM Best.
HCC's Molbeck to step down in December
HCC Insurance Holdings has confirmed that its president Christopher Williams will succeed John Molbeck in December.
Two million Brits mistakenly driving without insurance, says LV
More than two million people have driven without insurance, according to LV, 1.8 million of them mistakenly believing they were insured at the time.
Ace goes live with property insurance cover to fill terrorism gap
Ace has launched a property insurance proposition designed to cover the gaps between traditional property, terrorism and political violence insurance policies.
Ace launches property offering to fill terrorism gap
Ace Group has launched a property insurance proposition designed to cover the gaps between traditional property, terrorism and political violence insurance policies.
Munich Re chief laments China's poor rate of quake cover
Nikolaus Von Bomhard has implored China to create a public-private partnership to provide earthquake protection for businesses and citizens in the country.
Tune Group plans to float insurance arm
Malaysia's Tune Group, a conglomerate owned by AirAsia Bhd's founders, is to list its insurance arm to fund overseas expansion.
Talanx completes IPO
German insurance group Talanx AG has completed its IPO with an initial listing of shares on the Frankfurt Stock Exchange today.
Home & Legacy unveils building works product
Allianz subsidiary Home & Legacy has partnered with Allianz Engineering to launch a unique building works product to the high net worth insurance market.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Insurers report fall in profit and volume
General insurers have experienced a fall in business volumes and profitability over the past three months.
AIG to be designated as 'systemically important'
The US-based Financial Stability Oversight Council has notified AIG that it is under consideration to be labelled as a firm that presents a potential risk to the financial system.