News
Watchdog bans PPI radio advert for using scare tactics
A radio advert by claims management firm Payment Protection Partnership has been banned after being accused of using scare tactics implying that consumers are almost out of time to reclaim mis-sold payment protection insurance premiums.
QBE appoints Asia-Pacific chief
Australian insurer QBE has appointed David Fried as its new chief executive for Asia-Pacific.
Asia reinsurer launches with $550m of capital
Hong Kong-based reinsurer Peak Re is trying to remedy what it describes as an "appalling" amount of underinsurance across the Asia Pacific region.
Mass chairman responds to Dispatches motor insurer claims
Motor Accident Solicitors Society chairman Craig Budsworth has suggested that the Competition Commission looks into whether insurers are authorising motor repairs to be done to unequal standards depending on whether they are at fault or not.
Aviva to offload remaining Delta Lloyd stake
Aviva is seeking buyers for its remaining shares in Benelux insurer Delta Lloyd.
Aviva looks to sell remaining Delta Lloyd stake to increase liquidity
Aviva has today announced it intends to sell the remainder of its shareholding in Delta Lloyd NV.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Ageas creates new COO role to oversee Asian and European growth
Ageas UK CEO Barry Smith has been promoted to a new Ageas group role of chief operating officer.
Interconnectivity of environmental and economic risks is major threat
Environmental and economic risks are on a collision course as cash strapped governments struggle to cope with the increasing economic burden from natural catastrophes, according to the World Economic Forum.
Barry Smith steps up to Ageas group role as Watson becomes new UK CEO
Ageas UK CEO Barry Smith has been promoted to a new Ageas group role of chief operating officer.
Covéa and telematics provider Intelligent Marmalade part ways
Covéa is no longer providing capacity for the telematics arm of car insurer Marmalade.
Tasmania racked by wildfires
More than 100 buildings have been destroyed by wildfires on the Australian island of Tasmania.
BGL hands glass supplier contract to Auto Windscreens
Auto Windscreens has been awarded the exclusive glass supplier contract for BGL Group, which manages UK motor insurance brands including, M&S, RAC, Post Office, Lloyds TSB and Halifax.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Voyager credits WEBroker with bolstering figures
Niche UK travel insurance firm Voyager has attributed an overall growth in 2012 to its WEBroker policy, and hopes to benefit even more as travel grows this year.
Biba gets Continuing Professional Development accreditation
The British Insurance Brokers' Association has received Continuing Professional Development accreditation from the Chartered Insurance Institute.
Lithuanian insurance market to grow at least 6% in 2013
Lithuanian insurers can expect the non-life sector to grow by up to 7% this year owing to the increased spending power of its citizens, RSA said today.
WEF report warns on 'collision course' of economic and environmental challenges
Ahead of its annual meeting in Davos, the World Economic Forum has warned that global economic problems risk sapping the ability to tackle pressing environmental challenges.
Generali secures full control of CEE joint venture
Generali will take full control of eastern European insurer Generali PPF Holding after buying out joint venture partner PPF Group, the firm said today.
Afghan finance minister outlines plans for compulsory commercial insurance
No business will be able to operate in Afghanistan without insuring their property, according to a new report.
Insurance industry slams Dispatches allegations
The insurance industry has defended itself against accusations made by Channel 4's Dispatches programme last night that insurers "maximise profit at the expense of doing what's best for the consumer".
Allianz report highlights year-over-year rise in ship losses
Twelve months on from the Costa Concordia incident, a new Allianz report shows that 106 ship losses were reported worldwide in the year to 25 November 2012.
Global Aerospace opens Cologne office
Global Aerospace has hired Joerg Jakobs to lead a new branch office in Cologne, Germany.
Nexus trading platforms unveil new underwriting partners
Nexus Underwriting Management has introduced new underwriting partners for its Lloyd's trading platforms Nexus Financial Products and Nexus Professional Risks.