News
Six Asian insurance regulators unite to help low-income families
Six Asian regulators have agreed to work together to promote insurance for low-income families in their respective countries.
Cunningham Lindsey hands Jupp major loss role
Loss adjuster Cunningham Lindsey has promoted its London and Southeast regional boss to a new role as its head of major loss.
PI Protect appoints Underwriting Manager
Barbican Group Holdings-owned Professional Indemnity Protect has appointed Denise Mercer as underwriting manager.
Sky subscribers warned against bogus insurance salesman
Residents in Cheshire are being warned not to be duped by a con-man who has been attempting to sell insurance for Sky television set-top boxes.
Asian highlights of the week
A round-up of the best articles featuring Asia on Insurance Insight this week.
Irwin Mitchell to pick up PI books from struggling law firms
Irwin Mitchell is preparing to acquire the personal injury books of law firms exiting the market as a result of the recent legal reforms, Post’s sister publication Legal Week reported.
Moore tornado losses unlikely to reach London insurers
Insured losses from the devastating tornado that hit the Oklahoma City suburb of Moore are unlikely to hit the London market.
Many uninsured renters impacted by $2bn Oklahoma tornado
The Oklahoma Insurance Department has warned that many rented households destroyed by the recent tornado may have no insurance cover, following estimates that costs could hit $2bn (£1.3bn).
Scientists warn of pandemic potential of H7N9 bird flu
The bird flu outbreak appears under control in China although scientists are warning the virus could spread between humans.
Insurance sector aids Singapore economy
Singapore's GDP expanded 1.8% in the first quarter of 2013 beating analysts' expectations of 1.4%.
Indian regulator signs global information exchange agreement
The International Association of Insurance Supervisors has added India to a regulatory information exchanging agreement which now spans 37 countries and 54% of premium volume.
Xchanging loses adjusting trio to Charles Taylor
Three senior adjusters have departed Xchanging Claims Services to join Charles Taylor, following the path of former chief adjuster Richard Cook.
US tax proposals will limit reinsurance capacity says Insurance Europe
A renewed bid to tax reinsurance ceded by non-US companies to their offshore affiliates, has been strongly condemned by trade body Insurance Europe.
White Oak seeks new capacity providers
White Oak Underwriting is seeking new capacity while looking into becoming a risk carrier itself as part of a growth strategy.
Equity closing in on "high profile" director amid overhaul of business
The new chief executive of Equity has outlined its plans to strengthen its specialist lines offering within the motor sector as it moves to a broker-only model.
Bought By Many partners with XS Cover to offer young drivers car insurance
Social media powered insurance intermediary Bought By Many has partnered with XS Cover to create an offer that will help young drivers reduce the cost of their car insurance.
Solvency II deal is "on the table" says MEP
The European Union is close to reaching a consensus on the oft delayed Solvency II regulations, according to a member of the European Parliament.
Barbon CEO Ramsey exits post-sale
Barbon Insurance Group chief executive Mike Ramsey is leaving the group following the sale of its property & commercial division to Arthur J Gallagher.
Moore tornado losses could exceed Joplin
Damage from a mile-wide tornado that struck the Oklahoma City suburb of Moore could exceed the May 2011 Joplin event, according to Oklahoma Insurance Commissioner John Doak.
Marketform claims US PL launch will alert international brokers
Marketform will underwrite hospital professional liability in the US, comprising medical malpractice and associated general liability insurance.
Saulter exit will not disrupt Towergate M&A activity, vows Hodges
The departure of Towergate mergers and acquisitions director Dan Saulter will not dent the consolidator’s acquisition strategy in the year ahead, according to chief executive Mark Hodges.
Ace warns industry not to overlook ‘emerging markets close to home’
Joseph Clabby, regional president of Continental Europe for Ace identified Turkey, Poland and Russia as Europe’s top three emerging insurance market opportunities.
SoP talks “at an advanced stage”
Talks between insurers and the government to find a replacement for the Statement of Principles are “at an advanced stage” according to a government minister.
China outlines risk based regime
The China Insurance Regulatory Commission has provided an overall framework for China Risk-Oriented Solvency System bringing the market towards international standards.