News
Thailand's premiums up 21%
Premiums in Thailand grew 21% in the first quarter of 2013 when compared to the same period in 2012.
Peak Re CEO: Japan has been a surprise
Five months since its launch, Peak Re's CEO Franz Josef Hahn says business is going to plan and the reinsurer has been particularly well received in Japan.
Lloyd's broker Besso in Australia move
Lloyd’s broker Besso has stepped up its foray into international markets with a minority investment in Sterling Insurance in Australia.
InterGlobal expands sales team
Twenty four sales staff have been appointed or promoted by international medical insurer InterGlobal.
Charles Taylor recruited by Brit for claims services
Brit has become the first insurer to sign up for a new bespoke claims management service provided by Charles Taylor, Taylored Claims Management.
Cunningham Lindsey cuts Morse, Lansdown from liability division
Loss adjusting giant Cunningham Lindsey has made two senior members of its liability services division redundant after an efficiency drive.
Manchester Police backtrack on unsecured burglary plans
Greater Manchester Police have backtracked on comments from chief inspector Steve Macfarlane that the force will automatically inform insurers where burglaries occur at unsecured properties.
UK General commercial plans boosted by ex-RSA director appointment
UK General has appointed former long-term RSA director Ian Barker as its new commercial technical director in a bid to strengthen its underwriting and portfolio management capabilities.
McGavick replaces von Bomhard as Geneva Association chairman
Michael McGavick, the chief executive of XL Group, has been elected chairman of international insurance think tank The Geneva Association.
Dutch policyholders had EHIC rejected
Dutch policyholders have had their European Health Insurance Card's refused in Spanish hospitals, The Royal Dutch Touring Club ANWB has confirmed.
Money Supermarket entrepreneur to sell 18.5% of his stake
Simon Nixon, co-founder of price comparison website Money Supermarket, is to net £200m after selling 18.5% of his stake in the business.
BBC Watchdog criticises insurers for ‘aggressive tactics’
Insurers have come under fire from BBC Watchdog for not paying claims.
Giles Insurance Brokers reports £2.25m loss
Giles Insurance Brokers has reported a £2.25m loss for the year to 31 August in 2012 compared to a profit of £998 000 in the previous year.
Insured flood losses likely to be below 2002 level
The macroeconomic losses from the floods in central Europe are likely to far exceed the insured losses, Munich Re’s chief executive Niclaus von Bomhard said.
Study suggests majority of Bangladeshi factories vulnerable
A survey by the Bangladesh University of Engineering and Technology suggests around 60% of garment factories in Bangladesh are vulnerable to collapse.
Ex-Axa director joins Hiscox Europe board
Hiscox has appointed former Axa director Florence Tondu-Melique as its new European chief operating officer.
Hiscox appoints Axa's Tondu-Melique as European chief operating officer
Hiscox has appointed Florence Tondu-Melique as its new European chief operating officer.
CFC expands its traditional professions offering
Underwriting agency CFC has added brokers, accountant and estate agents to its professional liability suite in a move to expand its traditional professions insurance offering.
Willis names new directors ahead of Plumeri board retirement
The Willis board has nominated Francisco Luzón and Jaymin Patel as directors of the company, which completes the slate of directors that will be presented to shareholders at the upcoming annual general meeting.
Deadly May tornado season in US results in huge losses
Record breaking tornadoes and hail in the US caused billions of dollars of damage and many fatalities in Oklahoma and Texas in May.
Cyclone Mahasen destroyed over 100 000 homes
Over 130 000 poorly constructed homes in Bangladesh were destroyed by the powerful cyclone in May.
'Up or out' approach behind insurance career progression satisfaction
Insurance professionals have been found to be the happiest with their career progression, according to a survey of the UK workforce.
Insurers failing to adapt to interest rate challenges survey finds
European insurers are concerned with the low interest rate environment but many are missing opportunities to diversify, according to a survey of insurance chief investment officers.
May US storms to cost insurers $4bn: Aon Benfield
Storms which ravaged the US through May are likely to cost the insurance sector as much as $4bn according to Aon Benfield’s cat model centre.