News
Asia-Pacific risk managers concerned over increased competition
Increased competition more important but regulation less of a concern in Asia-Pacific last year compared to 2013 according to the latest Allianz Risk Barometer.
Brisbane hailstorm claims top A$1bn
100,223 property and motor claims have been lodged as a result of last November's freak Brisbane hailstorm.
Home businesses call for insurer partners to offer advice
Around 145,000 home-based business owners do not have business insurance because they believe their commercial activities are covered under their home insurance policy, according to Direct Line for Business.
More Than exploring pet telematics offering
More Than is considering a telematics-type offering for pets with a view to launching a product later this year.
Third arm-sized bolt fractures on Cheesegrater
The owner of the recently opened London home for Aon and Amlin has admitted that a third steel bolt has fractured on the building, and that it will launch a replacement programme.
Axa Art appoints quartet of regional CEOs
Axa Art has shuffled its global leadership by appointing four new regional CEOs taking their roles with immediate effect.
Canopius claims head East resigns ahead of QBE move
QBE European Operations has appointed Canopius head of claims Mike East to the role of claims technical director.
Hiscox buys two MGAs from Randall & Quilter
Hiscox has bought two London-based managing general agents R&Q Marine Services and Synergy Insurance from Randall & Quilter Investment Holdings.
RGA introduces COO role for Asia
Global health and life reinsurer the Reinsurance Group of America has made several senior management changes in Asia.
Australian farmer claims A$944,000 for crop failure
The first payout for multi-peril crop insurance in Australia is A$944,000 (£504,000) to a Queensland farmer.
Cigna moves into New Zealand over fifties travel market
Cigna New Zealand has unveiled its first own branded online travel insurance product aimed at the mature traveller.
Underwriting Agencies Council launches expo in New Zealand
The Underwriting Agencies Council, based in Sydney, will host its inaugural expo in New Zealand on 16 February at Auckland.
SMEs vulnerable to fines by skimping on insurance cover
More than 200,000 UK SMEs do not have insurance cover in place, according to research from LV Broker.
Reputation, cyber crime fears surge in AGCS risk survey
Rising concerns over loss of reputation and instances of cyber crime have dominated the UK results of Allianz Global Corporate & Specialty’s most recent risk barometer survey.
Insurers' investment incomes at risk from Eurozone deflation
UK general insurers' investment incomes are in danger of being impacted by current Eurozone deflation that could hamper firms' overall results, according to industry experts.
Evidence for reinsurance reforms expected to centre around regulation and tax
The cost of regulation, tax and immigration are the themes expected to come under the microscope following a plea for evidence on potential reinsurance reforms by City minister Andrea Leadsom MP.
Hastings-Bass joins BMS Group board
Novae non-executive chairman John Hastings-Bass is to join BMS Group as non-executive chairman and director.
Premium Credit snapped up by Cinven for £462m
European private equity firm Cinven is to acquire UK finance provider Premium Credit for £462m.
Birch appointed MD of Bishop Skinner Marine
Bishop Skinner Marine, the Bluefin subsidiary specialising in yacht and pleasure craft insurance, has appointed Paul Birch as its managing director.
Counter-Terrorism Bill to be debated in the House of Lords
The House of Lords will be given the opportunity to debate the controversial new Counter-Terrorism and Security Bill, which includes a ban on insurers covering ransom payments.
First phase of government telematics review to report in April
The first phase of the government’s review into the potential of telematics to improve safety for young drivers will be delivered in April, according to the Minister of State for the Department for Transport Baroness Kramer.
AIG appoints chief financial officer in Singapore
AIG has promoted Monique Stip to chief financial officer of its Singapore operations.
'Australia's softest market in living memory' says Zurich's Spencer
Stuart Spencer, Zurich's Asia-Pacific CEO, says it is the softest insurance market in Australia in living memory.
Malaysia flood damage to cost $560m
The December Malaysia flood damage will cost the Malaysia government $560m (£371m) in repairs.