News
Resources in Insurance Group to expand
Claims management firm Resources in Insurance Group is to set up a new division for mentoring and placement services and develop an apprenticeship scheme.
PPOs present threat to motor insurers
The increase in Periodical Payment Orders will be credit negative for companies with significant personal injury claim exposures, most notably motor insurers and their reinsurers, Moody's Investors Service has warned.
Moody's: general insurance outlook stable
Rating agency Moody's has said the outlook for UK general insurance remains stable, driven primarily by adequate risk-adjusted pricing and Moody's expectation of modest rate increases in most lines of business.
Vietnam ministry to pay 20% of export credit premiums
Vietnam's Finance Ministry has offered to pay 20% of insurance premiums for export credit orders if enterprises buy export credit insurance.
Willis Re names Beedle as Asia chief
Willis Re has promoted James Beedle, pictured, to be chief executive of its Asian operations.
Lonmar sells Medicare to France's April
Lonmar Global Risks has agreed terms for the sale of its managing general agent, MediCare International, to French broker April.
Hastings hits back at Which? report
Hastings Direct is the latest insurer to accuse Which? of using "inaccurate data" in its report on insurer charges.
Garwyn raids Zurich and UKGI
Garwyn has appointed former Zurich and UK General Insurance employees Daniel Grewal-Singh and Michael Robinson.
Which? to correct exaggerated policy fee allegation against Axa and Swiftcover
Which? has said it will print a correction over its allegation that Axa and Swiftcover charge "flat fees" to change customer details.
European mutual insurers meet in Poland
Europe's mutual and cooperative insurers will hold their third biennial Congress from 6 to 8 June 2012 in Gdansk, Poland, with Lech Wałęsa, Nobel Peace Prize winner and founder of the Solidarność movement, as guest speaker.
Aegis boosts contingency with Tom Coles
Aegis London has hired Tom Coles from RSA as a contingency underwriter to grow its contingency account.
Takaful to grow to $12bn this year
Saudi cooperatives account for $4.3bn, or 52%, of global Takaful contributions.
Uniqa exits Germany as Continentale aquires Mannheimer
The Continentale insurance group has signed an agreement to acquire 92% of the shares of Mannheimer AG Holding from Austrian firm Uniqa.
Insurers must develop policies responsive to evolving risk landscape
A paper published by Marsh today urges insurers to re-examine risk management strategies and introduce procedures that strengthen operational and financial resilience.
Fringe markets to drive takaful gross contributions to $12bn
Global takaful contributions grew by 19% to $8.3bn in 2010, according to Ernst & Young's World Takaful Report 2012.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.eu over the past seven days.
Willis launches new online trading portal with Simply Business
Willis has teamed up with Simply Business to launch eQuote, a new e-trading comparison platform for the exclusive use of Willis Networks members in the UK.
TT Club still in surplus despite 2011 cats
Freight transport and logistics insurer the TT Club has said it kept its combined ratio below 100% in 2011 despite a record year for catastrophe claims.
Groupama signs Ebike deal
Groupama Insurances has signed an agreement to become the sole underwriter of motorcycle policies sold through Ebike, the online motorbike insurance provider.
Marsh says 2011 cats demonstrated need for more cover and better policy wordings
Broker Marsh has said that the scale of catastrophes in 2011 exceeded previous loss-modelling predictions and has challenged established thinking on the nature of risk.
Capital requirements threaten stability of Philippines market
The Philippines insurance market has recovered from the turbulence of the global financial crisis but faces significant hurdles with the introduction of higher capital requirements, according to an AM Best report.
Oxford adds fee recovery to its PI cover
Oxford Insurance Brokers has launched a bolt-on fee recovery service as part of its professional indemnity insurance.
Which? investigation reveals insurers 'taking consumers for a ride'
Consumer group Which? has accused home and motor insurers of charging policyholders exorbitant hidden fees for basic policy changes and renewals.
Ferma launches European risk management research
The Federation of European Risk Management Associations is set to launch its 2012 Ferma benchmarking survey of risk management and risk managers in Europe and their views on the insurance market.