News
Microinsurance not an adjunct to microfinance, says Indian regulator
Microfinance institutions have come under fire from the head of India's insurance regulator for high service charges on the sale of microinsurance products.
BIBA 2012: Research reveals broker confidence despite double dip fears
Over 60% of brokers are confident about their overall business growth prospects for the next 12 months, despite the double dip recession.
Chinese insurers can invest in unsecured bonds
China has issued rules permitting insurers to invest in higher risk debt as authorities seeks to expand the country's bond market.
Post Magazine's Olympics countdown
To celebrate the greatest show on Earth, and Britain's proudest moment for decades, Post Magazine is counting down to the 30th Olympic games in style.
RSA makes senior appointments in Middle East
General insurer RSA has made a number of senior appointments to its team in the United Arab Emirates.
Canopius target Omega blames Bermuda non-renewals for GWP drop in Q1 2012
Omega Insurance Holdings has reported that group gross written premium in the first three months of 2012 totalled $120.6m (Q1 2011: $129.4m).
Tim Johnson takes new MD role at Gallaghers
Tim Johnson has been appointed managing director of Gallagher Benefits Consulting (subject to FSA approval) and Gallagher Employee Benefits, in addition to his current role as MD of Gallagher Risk & Reward.
Former Howden board member switches to Bond Pearce
National law firm Bond Pearce has recruited Simon Gildener, partner, to its insurance professional risks team in London.
MGA Dual continues to expand in Asia with Singapore branch
The Dual Group, the underwriting arm of Hyperion Insurance Group, has unveiled plans to open Dual Singapore in the second half of 2012.
MGA Dual grows Asian presence with Singapore opening
The Dual Group, the underwriting arm of Hyperion Insurance Group, has unveiled plans to open Dual Singapore in the second half of 2012.
Firms that allow employees to use their own mobile devices will profit, claims BT report
Over 80 per cent of IT managers think that enterprises with a bring-your-own-device policy hold a competitive advantage over other organisations, according to research commissioned by BT.
Williams denies Accident Exchange settlement claims
Axa boss David Williams has rubbished Accident Exchange's claim that the insurer is reluctant to reach a settlement over the use of Autofocus evidence.
Former Powerplace CEO Ball back with new online SME start-up
The former boss of Towergate's online offering Powerplace is back with a new online SME venture which using ex-Coverzones software allows brokers to white label their websites for "quote and buy" policies from a host of insurers.
NFU Mutual reports first underwriting profit since 2006 but hit by investment losses
Rural and agricultural insurance specialist NFU mutual has reported its first underwriting profit for five years in its 2011 reports and accounts.
BIBA 2012: Aqua Underwriting enters commercial market
Aqua Underwriting has widened its underwriting footprint with the launch of a range of niche commercial combined products.
Administrators sell Hemel Hempstead broker Castle Personal to Taylor Francis
Castle Personal Insurance Brokers has gone into administration and its assets have been sold to Buckinghamshire-based broker and agent Taylor Francis.
Tapiola and Local Insurance agree outsourcing deal with Tieto
Finnish insurers Tapiola and Local Insurance Group have signed a five-year deal to outsource IT infrastructure services to Finnish IT services company Tieto.
Online video: Future technology and risk in the commercial lines sector
As companies become more ensconced in technology and reliant on it for all facets of business this video discussion looked at future technology, the risks such technology might bring for businesses, and how insurers should react.
Insurers oust banks as major hybrid capital players
Insurers have supplanted banks as major players in the hybrid capital section of the European bond market as a result of regulatory uncertainty, according to Financial News.
Online video: Commercial property - managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, highlighting flood risk as an issue of major concern for corporates, their brokers and insurers.
Harris joins Torus as group CFO
Tim Harris has joined Torus as group chief financial officer.
Aviva's Harris is new Torus CFO
Torus has appointed Tim Harris as group chief financial officer.
Ascot Asia takes on RSA boss as head of property
Ascot Underwriting has appointed Jon Gilliott, RSA Singapore's head of property, reinsurance and speciality, as head of underwriting for its Asian operation.
Q1 claims fall in Cambodia after industrial safety improvements
Claims lodged with Cambodia's six largest insurers declined by more than 90% in the first quarter of 2012, according to Cambodian daily The Phnom Penh Post.