News
Aviva ends legal battle over Spanish JV Aseval
Aviva has reached a settlement with Bankia regarding their Spanish joint venture, Aseval. The agreement marks the end of legal proceedings between the two firms.
Cooper Gay recruits ex-Aon director as part of Asia push
Cooper Gay has appointed David Yip as head of treaty for Cooper Gay Hong Kong as part of an expansion drive in Asia.
Cooper Gay makes new hire to expand Chinese footprint
Cooper Gay has appointed David Yip, pictured, as head of treaty for Cooper Gay Hong Kong as part of an expansion drive in Asia.
Allianz fined $12.4m by SEC for improper payments in Indonesia
The Securities and Exchange Commission has charged Allianz SE with violating the books and records and internal control provisions of the Foreign Corrupt Practices Act for improper payments to government officials in Indonesia during a seven-year period.
Mitsui Sumitomo adds to underwriting team
Mitsui Sumitomo at Lloyd's has strengthened its underwriting team with two new appointments.
Analysts approve of Aviva's JV Aseval sale
Analysts have praised Aviva for continuing to execute its disposal programme by selling its entire stake in Spanish JV Aseval to Bankia.
Kinetic raids Lime Street Brokers
Lloyd's broker Kinetic Insurance has hired a team of brokers to expand the company's range of products and brands through online platforms.
Guy Carpenter launches in Dubai
Guy Carpenter & Company has opened its first office in the Middle East and has received a licence from the Dubai Financial Services Authority to operate as an insurance intermediary in the Dubai International Financial Centre.
Aviva settles with Bankia for €608m
Aviva has reached a settlement with Bankia regarding their Spanish joint venture, Aseval. The agreement marks the end of legal proceedings between the two firms.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Mesothelioma proposals will render victims powerless
Personal injury law firm Irwin Mitchell has criticised the government's mesothelioma compensation reforms for restricting access to justice for victims.
HSBC India faces legal action over allegation of insurance fraud
An HSBC shareholder is threatening legal action against HSBC India for insurance fraud, pending the outcome of a regulatory investigation.
Europe's insurers more insulated against crisis than banks
European insurers have proved more resilient than their banking counterparts in the current financial crisis, but are still vulnerable to economic shocks, Moody's said today.
Norway's Gjensidige enhances risk management architecture
Norwegian insurance company Gjensidige has enhanced its risk management architecture to help comply with Solvency II.
Gender Directive to push up female motor premiums by 38%
Motor insurance premiums for young female drivers are expected to face sharp increases when the European Gender Directive comes into force on Friday, according to research by the British Insurance Brokers' Association.
Geneva Association ‘concerned’ over G-SIIs policy measures
Insurance think-tank Geneva Association has expressed concerns that the International Association of Insurance Supervisors’ proposed policies for Global Systemically Important Insurers do not match the needs of the insurance industry.
Allanfield plunges into administration
FRP Advisory appointed as administrators to specialist property broker.
HSB Engineering makes two senior appointments
HSB Engineering Insurance has appointed a new construction product leader and a senior underwriter.
Consultation on mesothelioma compensation reform to take place in spring
A public consultation on plans to reform the way mesothelioma cases are dealt with will take place in spring 2013.
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.