News
Brokers eager to reduce carbon footprint with practical steps
Environmental policy issues should be central in the development of operations, according to the majority of brokers that took part in an Aviva poll ahead of Climate Week.
French appointment builds Towers Watson European brokerage
Towers Watson has reinforced its position in the French reinsurance brokerage market with the appointment of Faiza Lefèvre as a senior broker.
EPG to open multi-lingual call centre
Lloyd's broker EPG Insurance Services is to open a multi-lingual customer services centre by the Olympic Park in Stratford, east London to handle business volume out of Europe.
Talbot and ADNIC cease UAE JV but remain committed to MENA
Talbot Underwriting, a wholly owned subsidiary of Validus Holdings, and Abu Dhabi National Insurance Company are to cease their joint venture business, Underwriting Risk Services (Middle East), which was established in the Dubai International Financial…
No insurance, no fuel idea rubbished
The idea that uninsured motorists will be unable to buy fuel at petrol stations because number recognition cameras will check with the Motor Insurance Database and only open pumps for insured vehicles looks like being pure spin.
Saudi Arabia ripe for growth as health insurance dominates market
Health represented 53% of gross written premiums in 2010 and regulation has changed the Saudi Arabia insurance market dramatically with further development anticipated, according to a report.
KTM bike insurance in aggregator deal
Specialist KTM Insurance Services, run by broker Express Insurance, has announced an exclusive six-month partnership with price comparison website The Bike Insurer.
LAS completes first acquisition since Gresham-backed MBO
LAS Claims Management has completed its first acquisition since its private equity-backed management buyout from Lanes Group Plc in 2010.
Ahmed takes up new Aon Benfield MENA CEO role
Aon Benfield has appointed Ahmed Rajab as CEO, Middle East and North Africa.
Aon Benfield has new Middle East chief
Aon Benfield has recruited Willis Re regional director Ahmed Rajab, pictured, to be chief executive, Middle East & North Africa.
Willis appoints Bellone MD of European capital markets
Willis Group Holdings has named Andrea Bellone as managing director in the European team of Willis Capital Markets & Advisory, effective immediately.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
Education terrorism mutual promotes Gorringe from deputy to chairman
UM Association (Special Risks), a terrorism insurance mutual for universities, has named Edinburgh University finance director Jon Gorringe as chairman.
Post webinar: Professionalism and expertise: The case for Chartered status
As the Chartered Insurance Institute celebrated the second anniversary of the launch of the Aldermanbury Declaration, this webinar brought together a host of insurers that have embraced 'Chartered' status, to find out what it has meant for their business…
Swiss Helvetia profit down 15.4% due to non-life business
Swiss insurer Helvetia has posted a profit of CHF289m (€239m) and generated sales of more than CHF7bn for the first time.
Indian insurers delay reinsurance treaties as primary premiums harden
Indian general insurers have delayed finalisation of the reinsurance treaties for the next financial year, according to a new report.
China unveils latest motor market liberalisation move with premium setting plan
The China Insurance Regulatory Commission is to allow some qualified insurers to set terms and premium rates for private motor insurance.
Mapfre expects 6% revenue increase in 2012, as 2011 rises 3.2%
In 2011, Mapfre achieved a net result of €963m, a 3.2% rise on the 2010 full year results.
Gable reports UK ATE growth
Lichenstein-based AIM-registered insurer Gable Holdings has reported accelerated growth across its European territories with UK growth in after-the-event insurance and the launch of a commercial combined product.
Policyholders struggle to pay soaring voluntary excesses
Axa has warned drivers against pushing up excess levels in order to reduce premiums as growing numbers struggle to meet payments.
US targets insurers of Iran deals
Companies that insure trade with Iran would be cut off from the US financial system under legislation aimed to further target Tehran's nuclear programme.
Fitch says insurers to cope with Greek debt
Credit rating agency Fitch has said insurers will not be hit by the Greek debt swap as they have already written down their holdings in anticipation of the deal and would be able to cope with further losses on Greek sovereign bonds.
Flood insurance withdrawal could spark negligence claims against conveyancers
Professional indemnity insurers may face a barrage of claims from home buying advisers such as conveyancy lawyers and mortgage sellers when the ABI Statement of Principles on flood insurance ends.
Mapfre's new chairman predicts growth
Antonio Huertas has said the Spanish insurer expects to achieve revenues of more than €25,000m in 2012, equivalent to a 6% increase, in a year that will be "hard" and "demanding".