News
Risk managers and loss adjusters urge business interruption shake-up
Insurers told to do more to protect increasingly global supply chain.
ABI backs young driver curfews despite resistance from members
Telematics provider labels plans a ‘draconian, backwards step.
Fraud firm sees increase in credit repair rates referrals
Fraud management company TCF has reported a 300% increase in referrals to its credit repair rates validation service from quarter one to quarter two of this year.
14 killed in Japan as typhoon forces Tokyo closures
Typhoon Wipha, the strongest in ten years, landed in Japan on Wednesday (16 October) morning on Izu Oshima, 120km south of Tokyo.
Comprehensive premiums plummet as motor insurers make Laspo 'gamble'
The average price of a comprehensive motor policy has fallen by 13.9% over the course of the year, according to the latest Confused Car Insurance Pricing Index in association with Towers Watson.
Claims Awards Asia: The Shortlist
Insurance Insight is delighted to announce the shortlist for the inaugural Claims Awards Asia.
JLT buys broker in Taiwan
Jardine Lloyd Thompson has bought ForVision Risk Services in Taiwan, a broker providing insurance, reinsurance, and risk management services for companies with local and international operations.
Artemis records $6.24bn of cat bonds in 2013
Artemis has recorded $6.24bn (£3.91bn) of new catastrophe bond issuance and insurance-linked securities issuance so far in 2013.
FP Group’s executive director steps down
Charles Whiteaway, the executive director of FP Group, has stepped down after nearly 20 years with the company.
AIG raises contaminated product limits to $35m
American International Group has launched a web-based service to help companies estimate the cost of recall incidents, and expanded its available accidental contamination coverage limits to $35m.
Generali unveils EMEA and Latin America units
Generali is to simplify its global structure by creating two new business regions, Europe, Middle East and Africa, and Latin America.
Law firm slams FCA naming policy
A lawyer from international firm CMS has slammed the Financial Conduct Authority’s decision to name firms under investigation saying the move is “calculated to gain publicity”.
Rules targeting non-UK tax residency to impact minority of Lloyd's members
New Lloyd’s rules on tax residency are likely to affect less than 10% of members, according to sources.
EU insurers benefitting from economic stability increasing focus on risk
European insurers are benefitting from a more stable economic environment, although they continue to adjust product offerings and adapt reinsurance purchasing in response to the low-yield environment as they increase their focus on risk management,…
FCA to name firms under investigation in warning notices
The Financial Conduct Authority today confirmed it will name firms and, in some circumstances, individuals under investigation.
Sign up to the free-to-attend Commercial Underwriters Forum today
Taking place on Thursday 24 October 2013, the Commercial Underwriters Forum is free- to-attend* for all those working at insurers, managing general agencies and brokers.
Up to 600 jobs at risk following L&G restructure
Legal and General has warned that it may cut up to 600 jobs following the merging of its savings and annuities and protection divisions.
Zurich appoints life CEO in Hong Kong
Zurich has appointed Paula Choi to the position of CEO of Zurich’s global life business in Hong Kong from 31 October.
Canopius poaches Aon's strategic business director
Canopius Group has appointed Grant Elliott as head of business development.
Kiln offers discounted cover for unmanned aerial craft
Kiln has partnered with aviation training specialist Resource UAS to offer reduced pricing on hull and liability covers for remote piloted aerial crafts.
Agencyport counts Lloyd’s as key revenue contributor
Software firm Agencyport has cited the Lloyd’s and London market as the key contributor to its 2012 revenue with 50% of its income coming from that sector.
Vision Re defers capital raising until 2014
The directors of Vision Re have announced the company’s capital raising and capacity deployment will be deferred until 2014.
Majority of law firms obtain PI cover with rated insurer
A survey of nearly 500 law firms has found 13% sought professional indemnity cover with an unrated insurer before the end of the renewal period on 1 October.
Over 100 dead as earthquake strikes Philippines
A magnitude 7.1 earthquake killed at least 32 people in the Philippines on Tuesday 15 October, including 15 people in the country's second largest city Cebu.