News
Subrogated motor repair costs in the firing line for RSA and Groupama
RSA and Groupama have come together to sign a bilateral agreement designed to speed up the subrogated motor repair payment process and remove unnecessary costs.
Hyundai Marine & Fire scores ratings upgrade
South Korean insurer Hyundai Marine & Fire has had its financial strength rating upgraded to 'A' from 'A-' by AM Best.
HCC's Molbeck to step down in December
HCC Insurance Holdings has confirmed that its president Christopher Williams will succeed John Molbeck in December.
Two million Brits mistakenly driving without insurance, says LV
More than two million people have driven without insurance, according to LV, 1.8 million of them mistakenly believing they were insured at the time.
Ace goes live with property insurance cover to fill terrorism gap
Ace has launched a property insurance proposition designed to cover the gaps between traditional property, terrorism and political violence insurance policies.
Ace launches property offering to fill terrorism gap
Ace Group has launched a property insurance proposition designed to cover the gaps between traditional property, terrorism and political violence insurance policies.
Munich Re chief laments China's poor rate of quake cover
Nikolaus Von Bomhard has implored China to create a public-private partnership to provide earthquake protection for businesses and citizens in the country.
Tune Group plans to float insurance arm
Malaysia's Tune Group, a conglomerate owned by AirAsia Bhd's founders, is to list its insurance arm to fund overseas expansion.
Talanx completes IPO
German insurance group Talanx AG has completed its IPO with an initial listing of shares on the Frankfurt Stock Exchange today.
Home & Legacy unveils building works product
Allianz subsidiary Home & Legacy has partnered with Allianz Engineering to launch a unique building works product to the high net worth insurance market.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Insurers report fall in profit and volume
General insurers have experienced a fall in business volumes and profitability over the past three months.
AIG to be designated as 'systemically important'
The US-based Financial Stability Oversight Council has notified AIG that it is under consideration to be labelled as a firm that presents a potential risk to the financial system.
Saga teams up with Parabis to offer legal services
Saga and Parabis have extended their partnership to offer a range of legal services, while Saga waits for the Solicitors Regulation Authority's decision on its own alternative business structure application.
Rogue PPI callers face £250 000 fine
Two people who sent millions of spam text messages offering pay-outs for accidents a person never had, or PPI claims they were not entitled to, face a fine of more than £250 000 fine by the Information Commissioner's Office.
FSA to change free float limit under new listing proposals
The Financial Services Authority has proposed plans to lower the free float limit for UK-listed companies as part of a package of reforms designed to enhance the listing regime.
Lloyd's Italy sees 20% growth in H1
Lloyd's bucked the European economic trend to grow 20% in Italy in the first half of 2012.
Talanx floats on Frankfurt Stock Exchange
Talanx AG has started trading on the Frankfurt and Hanover stock exchanges at €19.05 after two failed floats.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Judgment on damages uplift faces further delays as new Chancellor is sworn in
The Court of Appeal's written judgment on how the incoming 10% rise in general damages will be implemented has been further delayed, much to the exasperation of interested parties.
Lemma faces liquidation after deterioration in finances
The Gibraltar Financial Services Commission has confirmed that Lemma Insurance Company has gone into liquidation.
Hastings Partnerships wraps up van deal with Kingfisher
The affinity division of Hastings Direct, Hastings Partnerships, has been appointed as the exclusive provider of commercial vehicle insurance to the Kingfisher Group UK and Ireland division.
Axa leads the way for insurers in top 100 best global brands list
Axa has been named the highest ranking insurer in the 2012 Interbrand top 100 Best Global Brands list, after increasing its brand value by 1% to $6.75bn (£4.18bn).
Axa snaps up PR expert as director of corporate affairs
Axa UK has appointed international public relations guru Richard Stephenson as director of corporate affairs.