News
Information essential to spur cyber market growth
Better research data and an incentive system could galvanise Europe's cyber insurance market, a report from the European Network and Information Security Agency claims.
ABI agreement ensures insurance-seeking motorists must quote licence number
The Association of British Insurers is hopeful of reducing fraud after reaching an agreement with the DVLA under which motorists must reveal their driving licence number when applying for insurance.
Cyber insurance market could ease European digital risk fears
European businesses have been warned that the traditional cover offered by the continent’s insurance providers may not comprehensively address digital risk.
HSB hires construction expert from Abu Dhabi firm
HSB Engineering Insurance has appointed Jim Whitmore to the role of loss control engineering manager for construction.
Reynolds Porter Chamberlain to open in Hong Kong
Law firm Reynolds Porter Chamberlain will open a Hong Kong office in August with another former Clyde & Co partner among the ranks.
Aviva completes deal with Guidewire on commercial business
Aviva has selected Guidewire's PolicyCenter as its new underwriting and policy administration solution, and ClaimCenter for its core UK commercial business.
Indonesia's economic stability fuels non-life growth
Indonesia's solid economy is fuelling growth for a developing non-life insurance market, well supported by domestic consumption and investment which is offsetting a weaker international environment, according to ratings agency AM Best.
Olympic Countdown: Q&A with Richard Kruse
With less than four weeks to go to the games, Beazley-sponsored fencer Richard Kruse talks to Post about his Olympic ambitions.
Giles recruitment drive continues apace as northern MD is drafted in
Giles is back on the recruitment trail following the appointment of Paula Williams as regional managing director for the north of England, as chief executive Brendan McManus continues to reshape his management team.
July date set for £143m Hardy and CNA merger
CNA's acquisition of troubled Lloyd's insurer Hardy is expected to come into effect on 2 July.
Chartis brand to be dumped as AIG returns to P&C market in the autumn
AIG is to resume using the brand it dropped in favour for Chartis for its international property and casualty business.
Willis creates new marine division in Singapore
Broker Willis has extended its risk management consultancy operations in Asia with the formation of a marine technical services division in Singapore, and has recruited Sau Weng Tang to spearhead the expansion.
AA inundated with claims after freak hail incident
AA Insurance has received 29 claims for cars damaged by hail in and around Leicester today.
South Korea halts Iranian crude imports over sanctions
South Korea will stop importing Iranian oil from 1 July owing to the European Union's insurance ban on vessels carrying the product.
India's non-life players grew premiums 18.27% in May
The Indian non-life insurance sector achieved premium growth of 18.27% in May compared with the same period in 2011, according to figures released by Insurance Regulatory and Development Authority.
Indian government needs to tackle insurance slump, says PM
India's government needs to tackle a sluggish insurance sector, according to Prime Minister Manmohan Singh.
India falls four places in insurance rankings after drop in life business
India has fallen four places in the world insurance market in the past year owing to a sharp drop in life insurance business, according to The Times of India.
Capita boosts Gloucester office with 30 new jobs
Capita Insurance Services has created 30 new roles in its Gloucester underwriting services division.
I-Smart targets 'big market share' after launching insurance offering
Claims management firm I-Smart is eyeing a "significant insurance market share" after launching an initial range of products such as gadget, home and travel insurance.
Future looks bleak for motor insurance, says Ernst & Young
The motor insurance market is unlikely to make a profit in 2012 or in the foreseeable future, according to Ernst & Young.
Hogan Lovells recruits insurance partner
Hogan Lovells has appointed Helen Chapman as a partner in the firm's insurance and reinsurance group.
Kane opens for business in Malta
International insurance managemanr firm Kane has moved its operations to new premises in Zebbug, Malta.
AM Best affirms Mapfre Re ratings amid sovereign turmoil
AM Best Europe has affirmed the financial strength ratings of A (Excellent) and issuer credit rating of 'A' for Mapfre Re, following the recent market volatility surrounding Spain's economic conditions.
New £30m funding boost for RK Harrison
Independent insurance broker RK Harrison has secured a £30m refinancing deal with Clydesdale Bank and RBS.