News
Indian regulator IRDA soft on rule defaulters, claims report
Insurance companies are flouting their "social and rural responsibilities" and the regulator, IRDA, lacks the will to punish them, according to a new report.
Travelers considers stake in Esure
Travelers is reported to be in preliminary talks with Esure about buying a stake in the UK home and motor insurer.
MENA insurers show resilience
Insurers and reinsurers in the Middle East and North Africa region have shown resilience in the past year and continue to maintain secure ratings.
Airmic 2012: Risk management crucial to M&A activity
Acquisition hungry firms can gain an edge if they effectively manage the inherent risks associated with the process, a joint Marsh and Airmic report has revealed.
Airmic 2012: Buyers unaware of cyber cover market growth
Insurance buyers are in the dark over the growing market for cyber risk cover, research by Airmic has revealed.
Airmic 2012: Reservation of rights model clause to be published
Airmic is to publish a model insurance contract clause to prevent insurers reserving rights on claims without due cause.
Airmic 2012: Cover trumps price for global programme buyers
Some 97% of insurance buyers purchase a global programme based on certainty of cover and not price, XL research has revealed.
MYI's Gillan appointed Insurance Institute of Manchester president
McLarens Young International executive director David Gillan has been named as president of the Insurance Institute of Manchester.
Tysers boosts terrorism team with Morley appointment
Lloyd's of London broker Tyser & Co has appointed Simon Morley as a member of its specialist terrorism team, which forms part of Tysers' marine division.
MGA Dual expands with new Austrian office
Dual Group, the underwriting arm of Hyperion Insurance Group, has announced that Dual Austria will open its doors in Vienna on 1 July fronted by liability specialist Hannes Puchner.
Dual opens Austria office
Dual, the underwriting arm of Hyperion Insurance Group, will open Dual Austria in Vienna on 1 July and liability specialist Hannes Puchner will head up the operation.
Cost Advocates recruits Woolley
Cost Advocates has appointed solicitor and costs litigation specialist Emilie Woolley as costs solicitor.
Indian shippers to stop handling Iranian oil if government can't agree cover
Indian state-owned refiners look set to halt oil imports of 173 000 barrels a day from Iran, unless the government permits them to use insurance and freight arranged by Tehran.
Japan approves insurance for tankers carring Iranian oil
Japan's cabinet has approved a bill to provide sovereign insurance to tanker operators that import Iranian oil before European Union sanctions come into force.
Airmic 2012: Quality of information 'essential' to BI claims
The business interruption information provided by policyholders to their insurers is "essential" in the current climate, Allianz Global Corporate & Specialty boss Volker Muench has claimed.
Airmic 2012: Risk managers urged to 'push' insurers on reservation of rights
Risk managers need to be more proactive with insurance partners over reservation of rights issues, law firm Herbert Smith has said.
AM Best removes ratings of Allianz Risk Transfer from under review
AM Best Europe Rating Services has removed from under review with negative implications and affirmed the financial strength rating of A (excellent) and issuer credit rating of 'a' of Allianz Risk Transfer.
Irish broker claims telematics first
Autoline Insurance Group has claimed an insurance first for Irleand with a telematics proposition included in its insurance policy offering.
Italian P&C insurance market outlook is stable
The outlook for the Italian property & casualty insurance market remains stable, although the outlook for the Italian life insurance market remains negative, in line with the other negative life insurance markets in Europe.
Insurance industry struggles to respond to new technological threats
Leading organisations across Europe are failing to integrate cyber threats fully into their risk management strategies, despite mounting concerns about cyber risk.
Italian P&C Insurance market outlook stable, says Moody's
The outlook for the Italian property & casualty insurance market remains stable, according to Moody's Investors Service in an Industry Outlook published today.
Airmic 2012: Marsh returns to Liverpool after six years
Marsh has re-established an insurance broking division in Liverpool six years after exiting the city.
Airmic 2012: Reputation tops risk manager concerns
Almost half of Airmic members view reputational risk as their number one concern, research by the risk managers association has revealed.
Insurers to face 'significant' UK flood losses
The insurance industry is likely to suffer significant costs for affected properties in flooded areas, and household premiums could rise, Deloitte has predicted.