News
CNA appoints claims head for UK and continental Europe
CNA Europe has named Monique Van Der Linden as head of claims and vice president for Europe.
Home insurers to incur £10m flood bill
Panmure Gordon analyst Barrie Cornes has told Post that Aviva and RSA could see insurance losses of £10m to £15m from the latest round of UK flooding.
Lloyd's returns to profit with 'strongest' half-year result in five years
Lloyd's of London is back in the black after posting a profit of £1.53bn during the first half of 2012 compared with a loss of £697m in the same period last year.
Guy Carpenter opens Greek office
Guy Carpenter & Company has opened a reinsurance intermediary office in Athens.
Motor insurance fraudster sentenced
A magistrate has sentenced a London man who pleaded guilty to insurance application fraud and sending "malicious communications" to an insurer.
CNA names vice president for Europe
CNA Insurance has appointed Monique van der Linden, pictured, as head of claims and vice president for Europe.
Top five Asian stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Aviva sets bid deadline for Malaysian unit
British insurer Aviva and Malaysian bank CIMB Group Bhd have set a 29 October deadline for suitors to place binding bids to buy their Malaysian insurance joint venture, in a deal worth at least $500m, according to Reuters.
AIA appoints new non-executive director
AIA Group has appointed Barry Chun-Yuen Cheung as an independent non-executive director of the company.
Takaful's key markets diverging, says S&P
Takaful companies in south east Asia appear more healthy and sustainable than their counterparts in the Gulf, according to the latest report by Standard and Poor's.
Court of Appeal delays judgment on retrospective 10% uplift debate
The Court of Appeal has decided to delay judgment on an industry appeal against a decision to effectively bring forward a rise in damages by 10% from April next year.
Purple Partnership in tie up with LV
Independent broker network Purple Partnership has announced a deal with LV, which will now serve as a commercial key partner.
Telematics box tested in car rally
Cobra UK has released a white paper on the performance of its telematics box after testing it for three days at the Ulster Rally.
Tysers P&I report predicts market hardening
Rates for protection and indemnity cover could harden by 10% at the next renewal, according to the 2012 P&I Clubs report published by Lloyd's broker Tysers today.
UK flood claims expected to rise further
Severe weather in the UK has been credited to Hurricane Nadine today as parts of the country suffer from heavy rain and strong winds.
Top five European news stories
The top five stories from insuranceinsight.com over the past seven days.
Fitch cuts Axa IFS outlook from stable to negative
Concerns about Axa's ability to improve profitability were cited for the move by Fitch Ratings to revise the outlook of the firm’s Insurer Financial Strength rating from stable to negative.
Bluefin delivers £11.5m dividend to Axa
Bluefin has paid its parent company an £11.5m dividend for the 2011 financial year on Ebitda of £17.8m (2010: £15.2m) and pre-tax profit of £11.6m (2010: £10m).
RKHIS opens Sevenoaks office
RK Harrison Insurance Services has opened a new regional office in Kent that will specialise in private client and rural business.
Dual wins new capacity providers
Liberty and Barbican will become capacity providers for Dual International's financial lines portfolio from next month, following in the footsteps of Arch, Hiscox and Mitsui Sumitomo.
Mondial to trade under Allianz brand
Mondial Assistance UK is changing its trading name to Allianz Global Assistance, aligning the brand with parent the Allianz Group.
Tawa sells reinsurance businesses
UK insurer Tawa is to sell 100% of its shares in KX Reinsurance and its subsidiary OX Re to Catalina for a maximum of $30m.
Ping An files Belgian arbitration claim
China's second largest insurer, Ping An, has filed an international arbitration claim against Belgium in a bid to reclaim losses from an investment in Fortis.
AA calls for government action on flood protection
Recent government statements concerning the availability of affordable flood cover when the Statement of Principles expires in June have "not given much ground for confidence", according to AA Insurance director Simon Douglas.