News
Ace appoints former Mitsui manager Cole to risk control post
Ace has appointed former Mitsui Sumitomo casualty boss Jeremy Cole to the role of risk control account manager in the firm's UK and Ireland casualty risk engineering department.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.com over the past seven days.
China considering sovereign guarantees to keep oil flowing
China will review the possibility of sovereign guarantees to enable the nation's ships to import Iranian crude oil after EU sanctions come into effect in July, the head of the China Shipowners' Association has said.
Generali board confirms Galateri as chairman
The board of Assicurazioni Generali confirmed Gabriele Galateri di Genola as chairman at its shareholders meeting on Saturday.
US Solvency II equivalence suffers setback
The US National Association of Insurance Commissioners has been vocal in its opinion of the EU's aim to make the country a Solvency II equivalent.
India's GIC Re considering IPO
General Insurance Corp of India is believed to be considering an initial public offering.
Airline and aviation insurance turns a profit
The airline and aviation manufacturing insurance markets generated a profit in 2011 following one of the safest years in recent times, according to broker Willis Aerospace.
Airline insurance sector soars to first profit in five years
Profitability returned to the aviation and airline manufacturing insurance markets in 2011 following one of the lowest years for losses and passenger fatalities on record, according to Willis’ Aerospace.
China to broaden insurers investment scope
The Chinese regulator has said the country will broaden the investment scope of insurers and simplify approval procedures to boost the industry’s support to the nation’s economic growth.
Rolland from Amex to head LV's claims
LV has appointed Chris Rolland, pictured, as claims director to oversee all aspects of claims within LV's general insurance business.
Reinsurers weakened financially by 2011 catastrophes
Reinsurers are exposed to further major catastrophe losses during 2012, according to Fitch.
Non-life premiums to stay suppressed until 2015
Non-life premiums will not rebound to 2003 levels until after 2015, according to Ernst & Young's economic forecast.
Groupama goes dynamic on Open GI
Groupama is providing brokers with dynamic pricing on its motor quote engine through Open GI.
Questgates names five new recruits
Questgates has announced five new appointments across its motor, property and counter-fraud divisions.
LMI opens Leeds office
Liberty Mutual Insurance has made four new appointments and opened a new office in Leeds.
Helphire cuts debt as drop in hires slows
Helphire said in a trading update it had reduced net debt by £7.9m, from £132.4m to £124.5m, in the first three months of the year.
RSA expected to beat 95% COR
Deutsche Bank has said it expects RSA to produce a combined ratio of better than 95% when it reports Q1 results this week.
Engelhardt tops Sunday Times insurance Rich List
Admiral's Henry Engelhardt, pictured, was the insurance industry’s top player in this year’s Sunday Times Rich List, with a total worth of £528m, down £120m from last year. He came in at 156th place, down from 120.
Moss declines 2012 salary increase
Aviva shareholders have voiced concern over Aviva's remuneration report.
'Sluggish' growth predicted for next three years
Insurance premiums will not recover until after 2015, growing just 0.9% this year, Ernst & Young has predicted.
Claims from 'freak' tornadoes flood in
Two freak tornadoes caused damage to parts of Essex and Warwickshire yesterday.
Confused in the clear after complaints about 'overly sexual' ads
Confused has been forced to defend a television advert featuring bikini-clad cartoon characters after 37 complaints were lodged with the Advertising Standards Authority.
CII launches employee framework
The Chartered Insurance Institute has launched an Insurance Competency Framework enabling businesses and individuals to determine the competencies individuals need to effectively fulfil their job roles.
DLG prospectus reveals 2011 COR breakdown
The Direct Line Group has launched a prospectus geared towards tying up its proposed £500m planned subordinated debt issuance, in which it discloses last year's combined operating ratio for the insurer's various lines of business.