News
London Assembly slams insurers for 'slow' settlement of riot claims
The London Assembly has criticised insurers for being "too slow" to settle claims from last year's riots and has urged them to publish average settlement times for future major events.
Singapore government to subsidise political risk cover for selected firms
A Singapore government agency has launched a political risk insurance scheme to help Singapore-based companies protect projects and investments as they grow overseas.
Migdal sale provides liquidity boost for Generali
Generali has completed the sale of its 69.1% share in Migdal Insurance and Financial Holdings to Eliahu Insurance Company for €705m.
Philippines GI industry wants tax break on microinsurance
General insurers in the Philippines are lobbying for lower taxes on premiums as an incentive to offer microinsurance.
Parry exits NIG amid restructure
Direct Line Group has confirmed the departure of sales and distribution director Dave Parry amid changes to the management structure at NIG.
QBE appoints claims director
QBE has named former Zurich chief claims officer David Siesko as European claims director.
Technology-centric business models key to insurer survival
Continued economic pressure will force insurers to take a more innovative approach to the role of technology in decision-making and operations, according to a new report from technology research firm Ovum.
Axa expands Reading office
Karen Young has been appointed as senior underwriter for Axa's Reading branch.
Allianz boss Stephen Coates joins Pool Re
Former Allianz head of UK property and casualty, Stephen Coates, has joined Pool Re as head of market operations.
QBE Europe hires Siesko as claims director
QBE has recruited David Siesko as claims director for its European operations.
Gaut returns to SSP as chief technology officer
SSP has appointed Kevin Gaut as chief technology officer for the company's insurer division.
Preferential founders to return with personal accident business
Steve Nickerson and David Marshall, the founding directors of Preferential Insurance, are to launch a new venture providing personal accident insurance.
Aon Benfield launches Thailand flood model
Global broker Aon Benfield has launched a flood model for Thailand to help global insurers better understand their exposures in the region.
SSP hires chief technology officer
Kevin Gaut has joined technology solutions provider SSP as chief technology officer for the company's insurer division.
DLG to axe 70 leadership roles
Direct Line Group is to scrap 70 senior leadership roles across the business as part of the next phase of a programme to achieve £100m in gross annual cost savings by the end of 2014.
Aon Benfield launches Thailand flood model
Reinsurance broker Aon Benfield has created a flood model for Thailand to help insurers better understand exposures.
Business Insight expands to new Warwick offices
Risk modelling firm Business Insight has moved to larger offices to boost plans for growth and product development.
Allianz boss hails "important" 10-year Asian bancassurance deal with HSBC
Allianz and HSBC have signed a 10-year exclusive bancassurance distribution agreement in Asia.
RSA secures third bilateral agreement
Global insurer RSA has signed a bilateral agreement with LV in a bid to speed up motor payment processes and remove unnecessary costs.
Marsh hires EMEA cyber head
Marsh has appointed Stephen Wares as leader of the cyber risk practice in the firm's Europe, Middle East and Africa risk practices group.
HKFI sets up task force as second round of regulation consultation begins
The Hong Kong Federation of Insurers has welcomed the second-round consultation on the proposed establishment of an independent insurance authority.
Marsh recruits Hiscox technology head for EMEA cyber risk role
Marsh has appointed Stephen Wares as leader of its Europe, Middle East and Africa cyber risk practice.
Nexus Underwriting names interim COO
Speciality managing general agent Nexus Underwriting Management has made four new operational appointments.
Arista unveils development tie up with CRK and Prestige
Commercial lines underwriter Arista Insurance has launched deals to work with two brokers to develop schemes targeting specialised insurance needs.