News
Uniqa launches new motor products in Austria
Uniqa has launched a range of motor products in the Austrian market including a 'new car' product.
Xchanging promotes Kruger to broking MD
Business process and technology services provider Xchanging has appointed James Kruger as managing director of Xchanging Broking Services with immediate effect.
Japanese insurers' revenues rise after surge in quake policies
Japan's five major insurance companies experienced year-on-year increases in premium revenue during the 2011 fiscal year, according to Japanese publication The Daily Yomiuri.
Indian regulator asked to help fix 'suicidal competition'
Indian Finance Minister Pranab Mukherjee has directed the Insurance Regulatory and Development Authority to suitably address the 'suicidal competition' among insurers as undercutting each other by offering policies at low premiums for a bigger market…
Omega co-founder to overhaul board
Omega co-founder John Robinson is reported to be in talks with Fund Management Group about overhauling the troubled Lloyd's insurer's board.
State-provided cover needed to insure China's crude supplies
Tankers carrying Iranian oil will not be fully covered by Hong Kong marine insurers after EU sanctions take effect from July, an industry official told Reuters.
Barrister Fiona Neale moves to Hailsham
Clinical negligence and regulatory barrister Fiona Neale, pictured, is leaving 3 Serjeants' Inn to take up tenancy at Hailsham Chambers from 23 April.
Cooper Gay appoints Southwell as head of operations
Cooper Gay Swett & Crawford has appointed former Beazley and Willis employee Gavin Southwell as head of operations.
Microinsurance up as insurer interest rises
Microinsurance schemes worldwide now reach an estimated 500 million people.
Lancashire renews $350m of finance
Lancashire Holdings has arranged a $350m five-year letter of credit and revolving facility with Lloyds TSB for Lancashire Insurance Company.
March cat claims topped $1.1bn in the US
Reinsurance broker Aon Benfield has reported that US storms in March will cost insurers more than $1.1bn, while catastrophes hit Mexico and Australia as well.
Insurers and brokers challenged to join Prince's Trust charity bike ride
The Prince's Trust is calling on insurance companies to help tackle youth unemployment by taking part in the charity's fundraising bike ride, Palace to Palace.
China's P&I club halts cover over Iran sanctions
A major Chinese ship insurer will halt indemnity cover for tankers carrying Iranian oil from July, dealing a blow that narrows the insurance options for Tehran's main export already constricted by payment barriers caused by Western sanctions.
Colemont relocates to THB building in London
Lloyd's insurance broker Colemont is relocating to THB Group's building in Leadenhall Street, opposite Lloyd's, on 23 April.
Broadspire unveils double appointment for push into specialisms
Broadspire has confirmed the appointments of Clare Ginders and Pauline Rainey in a bid to expand its UK expertise into catastrophic case management and specialist vocational rehabilitation.
Japanese delegation visits Cunningham Lindsey for lesson in fraud detection
Cunningham Lindsey's Investigation Services recently hosted a visit from Japanese insurance industry representatives at the company's National Investigation Centre in Manchester.
Co-op claims telematics cut accident rates by 20% and cost of claims by 30%
Co-operative Insurance has reported a 20% drop in car accidents among young drivers using telematics.
Alvert appointed CEO for Mapfre Assistance
Pablo Alvert has been appointed CEO and regional director for Mapfre Assistance, the UK arm of Mapfre Asistencia.
Reinsurance rates in Asia Pacific rise at 1 April renewals
The major renewal date for the Asia Pacific region saw reinsurance rates increase as the market continued to work through the impact of the events of 2011, according to a briefing by Guy Carpenter.
Mapfre names Pablo Alvert as UK boss
Mapfre’s UK arm Mapfre Assistance has named Pablo Alvert as CEO and regional director.
Cooper Gay Australia promotes Calverley
Cooper Gay Australia has announced that Jon Calverley will take over from Peter Blunden as managing director with immediate effect, after Blunden "left to pursue other interests".
THB moves Colemont into its City home
THB has taken the first step towards integrating Colemont Insurance Brokers since both came under the ownership of Amwins by moving it to the THB Group's building opposite Lloyd's.
Jelf claims "positive start to the year"
Broker Jelf has issued a statement saying it "has enjoyed a positive start to the year" and continues to trade in line with expectations.
Guy Carpenter reports reinsurance rises
Research by Guy Carpenter shows reinsurance rates rose at the 1 April round of renewals as the market continues to work through the impact of the events of 2011.