News
Power Place saves time claims CEO
Power Place has published research claiming that brokers using the online commercial insurance marketplace can generate comparative quotes four times more quickly than using insurer extranets.
India life insurance market grows 25%
According to the Insurance Regulatory and Development Authority in India, life insurers in the country have posted 25% growth in new premium income for the financial year ended 31 March.
Generali appoints chairman and chief exec
Generali, the largest Italian insurer, has named Cesare Geronzi, the outgoing chairman of its largest shareholder, Mediobanca, as its new chairman and Giovanni Perissinotto as its sole chief executive.
Two thirds of businesses "concerned" over prospect of hung parliament
Nearly two thirds of businesses (65%) are “concerned” or “very concerned” about the potential impact of a hung parliament, according to the British Chambers of Commerce’s latest monthly business survey.
FSA reassured over Quinn as administrator plans 20% UK rate hikes
The Irish Government has written to the Financial Services Authority to assure it that any funding needs which emerge at Quinn Insurance’s business there will be met.
FSA reassured over Quinn as administrator plans 20% UK rate hikes
The Irish Government has written to the Financial Services Authority to assure it that any funding needs which emerge at Quinn Insurance’s business there will be met.
Allianz' legal helpline reveals employers' ash concerns
Allianz Legal Protection’s 24hour legal helpline has fielded a number of calls from employers with questions relating to the treatment of employees caught up in the Icelandic Volcano eruption.
FERMA welcomes new EU insurance BER
The Federation of European Risk Management Associations has welcomed the adoption of the new EU insurance block exemption regulation by the European Commission on 24 March 2010.
SPB finalises share arrangement
White label insurance specialist Citymain has concluded the sale and purchase of part of its shareholding to the SPB Group, an administrator and provider of affinity insurance programmes to the French banking and finance, IT and mobile sectors.
Travelers Q1 profit hit by cat claims
US property insurer’s first-quarter profit dropped 2.3% as the cost of its catastrophe claims increased more than fivefold.
Safeonline acquires IP firm Samian
Independent Lloyd’s insurance broker Safeonline, has acquired Samian Underwriting Agencies.
FERMA welcomes new EU insurance BER
The Federation of European Risk Management Associations has welcomed the adoption of the new EU insurance block exemption regulation by the European Commission on 24 March 2010.
SPB finalises share arrangement
White label insurance specialist Citymain has concluded the sale and purchase of part of its shareholding to the SPB Group, an administrator and provider of affinity insurance programmes to the French banking and finance, IT and mobile sectors.
Open GI aggregator quotes top £2m
Insurance quotes generated by Open GI’s market-leading E-Aggregator solution have risen above two million per day.
Central outsources claims to Bankstone
Independent insurance intermediary Central Insurance Brokers has signed up outsourced claims firm Bankstone to provide a full-service white-labelled external claims handling service to its clients.
Quinn to elect staff reps in light of redundancies
Quinn Insurance has said it will work with employees to formally elect employee representatives for each of its sites to ensure staff views are incorporated into their assessment and decision-making process.
Aon Benfield Analytics appoints new head of actuarial and ERM
Broker Aon Benfield Analytics has promoted Paul Kaye to head of actuarial and enterprise risk management within its international analytics team.
Power Place adds six to broker development team
Power Place has made a series of new appointments to its broker development team.
US doomed to another crisis if financial reforms are not implemented – Obama
President Barack Obama scolded the US financial services sector for its "furious efforts" to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented.
Prudential sees Asian listings in May
Prudential has revealed it plans to list in Hong Kong in May, and also announced a secondary listing in Singapore as it prepares to fund its $35.5bn takeover of AIG’s Asian arm, AIA.
Singapore Re in Q1 results jump
Singapore Reinsurance has posted an 80% jump for its first quarter net profit to S$3.6m.
Ariel Re appoints new CEO
Bermuda based (re)insurer promotes Tom Hulst to CEO of its reinsurance operations.
Swiss Re, Lloyd’s see boost for insurers in Dodd Bill
Proposed plans to create US Treasury Department office to negotiate international regulations have drawn praise from (re)insurers.
R&Q acquires La Licorne
Randall & Quilter has acquired a French run-off reinsurer of third party motor business for €3.2m.