News
Aetna launches new benefits product in Singapore after gaining licence
Aetna has received a licence to begin selling health insurance in Singapore for groups and individuals.
Tokio Marine expands Scottish team
Tokio Marine Europe Insurance has appointed Trevor McAuley to its marine cargo underwriting team, based in Glasgow.
CII centenary report points to insurance role in eco-issues
Insurance is likely to play a “key role” in the global environmental future according to the Chartered Insurance Institute, which has published the third in a series of new reports marking its centenary year.
Marsh issues warning over future D&O conditions
Buyers of directors and officers insurance have today been warned by Marsh to be on the lookout for a deterioration of favourable market conditions in the second half of the year.
Chinese regulator gearing up to relax insurance investment restrictions
China's insurance regulator is close to outlining a policy which will expand and diversify insurers' investment scope, according to a report.
Farr launches environmental impairment liability cover
Social housing market specialist Farr has unveiled an environmental impairment cover designed to protect against legal liability arising from contamination in or under land owned by clients.
Indian regulator IRDA soft on rule defaulters, claims report
Insurance companies are flouting their "social and rural responsibilities" and the regulator, IRDA, lacks the will to punish them, according to a new report.
Travelers considers stake in Esure
Travelers is reported to be in preliminary talks with Esure about buying a stake in the UK home and motor insurer.
MENA insurers show resilience
Insurers and reinsurers in the Middle East and North Africa region have shown resilience in the past year and continue to maintain secure ratings.
Airmic 2012: Risk management crucial to M&A activity
Acquisition hungry firms can gain an edge if they effectively manage the inherent risks associated with the process, a joint Marsh and Airmic report has revealed.
Airmic 2012: Buyers unaware of cyber cover market growth
Insurance buyers are in the dark over the growing market for cyber risk cover, research by Airmic has revealed.
Airmic 2012: Reservation of rights model clause to be published
Airmic is to publish a model insurance contract clause to prevent insurers reserving rights on claims without due cause.
Airmic 2012: Cover trumps price for global programme buyers
Some 97% of insurance buyers purchase a global programme based on certainty of cover and not price, XL research has revealed.
MYI's Gillan appointed Insurance Institute of Manchester president
McLarens Young International executive director David Gillan has been named as president of the Insurance Institute of Manchester.
Tysers boosts terrorism team with Morley appointment
Lloyd's of London broker Tyser & Co has appointed Simon Morley as a member of its specialist terrorism team, which forms part of Tysers' marine division.
MGA Dual expands with new Austrian office
Dual Group, the underwriting arm of Hyperion Insurance Group, has announced that Dual Austria will open its doors in Vienna on 1 July fronted by liability specialist Hannes Puchner.
Dual opens Austria office
Dual, the underwriting arm of Hyperion Insurance Group, will open Dual Austria in Vienna on 1 July and liability specialist Hannes Puchner will head up the operation.
Cost Advocates recruits Woolley
Cost Advocates has appointed solicitor and costs litigation specialist Emilie Woolley as costs solicitor.
Indian shippers to stop handling Iranian oil if government can't agree cover
Indian state-owned refiners look set to halt oil imports of 173 000 barrels a day from Iran, unless the government permits them to use insurance and freight arranged by Tehran.
Japan approves insurance for tankers carring Iranian oil
Japan's cabinet has approved a bill to provide sovereign insurance to tanker operators that import Iranian oil before European Union sanctions come into force.
Airmic 2012: Quality of information 'essential' to BI claims
The business interruption information provided by policyholders to their insurers is "essential" in the current climate, Allianz Global Corporate & Specialty boss Volker Muench has claimed.
Airmic 2012: Risk managers urged to 'push' insurers on reservation of rights
Risk managers need to be more proactive with insurance partners over reservation of rights issues, law firm Herbert Smith has said.
AM Best removes ratings of Allianz Risk Transfer from under review
AM Best Europe Rating Services has removed from under review with negative implications and affirmed the financial strength rating of A (excellent) and issuer credit rating of 'a' of Allianz Risk Transfer.
Irish broker claims telematics first
Autoline Insurance Group has claimed an insurance first for Irleand with a telematics proposition included in its insurance policy offering.