News
IUA prioritises regulation and London Market modernisation for 2013
The International Underwriting Association has pledged to develop a new strategy for modernising business processes in the London Market in 2013.
Aetna bolsters international PMI team
Aetna International has appointed Caroline Pain as head of international marketing and Gary Impett as business development manager to develop its insurance business in continental Europe, the UK and Ireland.
Gender directive will prompt insurers to make one-off rate increases
The EU ruling prohibiting insurers from setting premiums along gender lines will provide insurers with a one-off opportunity to raise rates, according to Fitch Ratings.
AIA completes acquisition of ING Malaysia
AIA Group has successfully completed the acquisition of ING Management Holdings (Malaysia) following receipt of the required regulatory approvals.
UIB secures Brazil oil field contract
Independent international reinsurance broker UIB has been appointed as the lead intermediary for the construction of 28 floating drilling platforms off the coast of Brazil.
XL Group appoints Marsh's Lineham to political risk team
XL Group has appointed David Lineham to its political risk and trade credit team.
SRA publishes list of European qualifying insurers
The Solicitors Regulation Authority has released information about insurers based in Europe and elsewhere that have signed up to the SRA's Qualifying Insurers Agreement.
Uniqa sells hotel assets to concentrate on insurance
The Uniqua Group has confirmed the sale of its interests in Austria Hotels International Group in order to focus on its core insurance business.
Insurance Insight closed for festive period
Insurance Insight's offices will be closed from 19 December 2012 to 2 January 2013 for the festive period. We would like to take this opportunity to wish you all a very Merry Christmas and a Happy New Year.
Catlin estimates Sandy storm losses at $200m
Catlin Group has said that its Sandy-related losses will be about $200m, net of reinsurance and reinstatements.
ERV Italy Facebook fans win 10% discount on travel cover
Italian consumers can now buy travel insurance from ERV via an e-commerce module on the firm's Facebook page as part of a new social media push.
S&P changes RSA outlook from stable to negative
Standard & Poor's has revised its outlook on RSA from stable to negative in light of low interest rates.
Equinox Global boosts capacity with Jubilee deal
Trade credit insurer Equinox Global has secured additional capacity through Jubilee Syndicate 5820 at Lloyd's, in a deal that increases Equinox's automatic capacity from $30m (£18.5m) to $35m (£21.6m).
AIG divests remaining holding in AIA
AIA Group has confirmed that AIG has entered into a placing agreement to sell all its ordinary shares of AIA at HK$30.30 each.
Lloyd's insurer Kiln recruits Zking manager Jin to lead Shanghai JV
Kiln has appointed Gu Jin to lead its new venture with Lloyd's Insurance Company (China) in Shanghai.
Kiln expands Asia footprint with new hire
Kiln has appointed Gu Jin to lead a new venture with Lloyd's Insurance Company (China) in Shanghai.
JLT launches multi-line executive defence insurance product
Lloyd's broker JLT has teamed up with AIG Europe to develop an executive defence product for commercial clients which combines a number of financial lines under one limit while preserving some dedicated protection for personal assets.
Quindell granted ABS licence
Quindell Portfolio has secured an alternative business structure licence for legal services which will allow it to complete the purchase of personal injury specialist Silverbeck Rymer.
Superstorm Sandy to cost Catlin £124m
Catlin estimates that its losses from the storm will be $200m (£124m), net of reinsurance and reinstatements.
Premium Credit appoints new chief operating officer
Premium Credit has appointed Gopi Chelliah, pictured, as chief operating officer.
CRIF links with HPI and Tracesmart for fraud tools
Fraud solutions provider CRIF Decision Solutions has inked deals to provide customers with anti-fraud data through vehicle identification and consumer profiling.
Think tank suggests early intervention for systemically risky insurers
Insurers deemed to pose systemic risk should face three steps as part of an escalating "ladder of intervention", according to the Geneva Association.
Ageas acquisition boosts Groupama Insurances rating
Standard & Poor's has raised Ageas' financial strength rating to 'BBB' with a 'stable outlook', having reviewed the insurer's financial and business risk profiles.
BWise expands reach with Bangkok office
Governance, risk management and compliance software firm BWise has opened a regional office in Bangkok, Thailand.