News
Generali unveils EMEA and Latin America units
Generali is to simplify its global structure by creating two new business regions, Europe, Middle East and Africa, and Latin America.
Law firm slams FCA naming policy
A lawyer from international firm CMS has slammed the Financial Conduct Authority’s decision to name firms under investigation saying the move is “calculated to gain publicity”.
Rules targeting non-UK tax residency to impact minority of Lloyd's members
New Lloyd’s rules on tax residency are likely to affect less than 10% of members, according to sources.
EU insurers benefitting from economic stability increasing focus on risk
European insurers are benefitting from a more stable economic environment, although they continue to adjust product offerings and adapt reinsurance purchasing in response to the low-yield environment as they increase their focus on risk management,…
FCA to name firms under investigation in warning notices
The Financial Conduct Authority today confirmed it will name firms and, in some circumstances, individuals under investigation.
Sign up to the free-to-attend Commercial Underwriters Forum today
Taking place on Thursday 24 October 2013, the Commercial Underwriters Forum is free- to-attend* for all those working at insurers, managing general agencies and brokers.
Up to 600 jobs at risk following L&G restructure
Legal and General has warned that it may cut up to 600 jobs following the merging of its savings and annuities and protection divisions.
Zurich appoints life CEO in Hong Kong
Zurich has appointed Paula Choi to the position of CEO of Zurich’s global life business in Hong Kong from 31 October.
Canopius poaches Aon's strategic business director
Canopius Group has appointed Grant Elliott as head of business development.
Kiln offers discounted cover for unmanned aerial craft
Kiln has partnered with aviation training specialist Resource UAS to offer reduced pricing on hull and liability covers for remote piloted aerial crafts.
Agencyport counts Lloyd’s as key revenue contributor
Software firm Agencyport has cited the Lloyd’s and London market as the key contributor to its 2012 revenue with 50% of its income coming from that sector.
Vision Re defers capital raising until 2014
The directors of Vision Re have announced the company’s capital raising and capacity deployment will be deferred until 2014.
Majority of law firms obtain PI cover with rated insurer
A survey of nearly 500 law firms has found 13% sought professional indemnity cover with an unrated insurer before the end of the renewal period on 1 October.
Over 100 dead as earthquake strikes Philippines
A magnitude 7.1 earthquake killed at least 32 people in the Philippines on Tuesday 15 October, including 15 people in the country's second largest city Cebu.
No major insurance losses expected from typhoons Nari and Phailin
The two most recent typhoons in Asia are unlikely to cause major insurance losses according to industry experts.
Bupa acquires Quality HealthCare in Hong Kong
Health insurer Bupa has acquired Quality HealthCare Medical Services, the largest supplier of healthcare to businesses in Hong Kong, for $355m.
MAST security training courses receive UK government approval
The UK's Department of Transport’s Maritime & Coastguard Agency has approved three new training courses from security specialist Maritime Asset Security and Training.
UK IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.
Online giants touted as distribution competitors
Almost two thirds of European insurers consider competition in the distribution market in the next three years will come from non-insurance players such as Amazon and Google, a survey has found.
Online giants touted as distribution competitors
Almost two thirds of European insurers consider competition in the distribution market in the next three years will come from non-insurance players such as Amazon and Google, a survey has found.
LV Broker launches online cover notes
LV Broker is launching online cover notes for its commercial lines, which brokers can download and print from the web.
IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.
Wunelli launches telematics down under
Telematics provider Wunelli has agreed a to provide telematics solutions to Australian insurer, Insurance Box, in what it claims is the first instance of usage-based motor policies in the market.
Axa plans initiative roll out to create efficiency for brokers
An Axa Commercial Lines and Personal Intermediary motor insurance initiative is to be expanded to household products by quarter two of next year.