News
Aviva sells stake in Malaysian venture
Aviva has reached an agreement to sell its 49% stake in two Malaysian ventures to Sun Life Assurance.
Chinese broker association formed
China's first international insurance brokerage association was established in Beijing on Thursday, China Daily reported.
New Tasmania fire destroys 30 homes
A bushfire sparked on 13 January has led to evacuations of Tasmanian residents as the island fights to recover from blazes which racked the state earlier in the month.
Thatcham unveils Zurich's Emms as chairman
Zurich's chief claims officer for the UK, Tony Emms, has been appointed chairman of the board at automative research centre Thatcham.
Axa $850m subordinated notes assigned BBB by S&P
Standard & Poor's has assigned its BBB long-term issue rating to the $850m perpetual subordinated notes issued by French holding company Axa (A-/Stable/A-2).
Singapore wants higher entry level for financial advisers
Singapore's Financial Advisory Industry Review committee is looking to improve the financial advisory industry through higher educational standards.
Thai insurer opens flood credit line
MSIG Insurance (Thailand) has opened a Bt1bn ($33.5m) emergency credit line to help pay out Bt2bn ($67m) for flood damage.
AMMB Holdings seeks partners in Malaysia
Malaysian financial services group wants partners for AMLife and AMFamily Takaful by June.
Australia fire season could worsen
The Insurance Council of Australia has warned that the country could be in for a difficult fire season, after fires ravaged Tasmania and the mainland and caused tens of millions of dollars in insured losses.
Metal theft falls to lowest level in six years - but funding could be withdrawn
A parliamentary group aimed at combating metal theft has called for a renewed commitment to funding, despite insurer figures showing that theft from churches has fallen to its lowest level since 2006.
Investing in the profession: Biba gains CPD accreditation
The British Insurance Brokers' Association has received Continuing Professional Development accreditation from the Chartered Insurance Institute.
Smith to spearhead Ageas growth with three-year plan
Ageas UK's new chief executive Andy Watson has stressed that the firm will keep an active eye on potential acquisitions after taking the reins from Barry Smith, who has stepped up to become the group’s first chief operating officer.
Investing in the profession: Allianz scholarship set for second-year intake
Allianz Commercial's scholarship programme, aimed at supporting broking staff in achieving a Chartered Insurance Institute diploma, has opened for applications.
Marchington aims high with new broker
Andrew Marchington's start-up broking venture Highworth Insurance is aiming to achieve £5m to £10m gross written premium within three years, targeting the mid to high net worth and non-standard home insurance market.
Law report: Judge's decision reflects court's reluctance to depart from 2.5% discount rate
Law reports contributed by law firm Berrymans Lace Mawer.
Law report: Inconsistent accident account sees injury case thrown out
Law reports contributed by law firm Berrymans Lace Mawer.
Law report: Res ipsa loquitur case fails
Law reports contributed by law firm Berrymans Lace Mawer.
Market moves: Twice is nice for JLT as broking sector leads the way
This week belonged to the broking sector, with JLT adding added new staff to its speciality and reinsurance arms. There were also moves in the intermediary space for BGL, Miller and Towergate.
Cooper Gay partner Marnix to target Japanese reinsurers
Cooper Gay has signed a deal with Marnix Corporation, the broking unit of Japanese conglomerate Marubeni, to target clients in Japan's treaty reinsurance market.
AIG on-risk for helicopter crash as Crawford investigates
Crawford & Company will handle claims arising from the fatal helicopter crash in south west London this morning.
Wunelli analysis uncovers UK speeding specifics
Analysis carried out by telematics firm Wunelli has uncovered new insight into when, where and in what vehicles people are most likely to exceed the speed limit.
Cooper Gay completes Lightyear deal
Cooper Gay Swett & Crawford has confirmed that its investment agreement with Lightyear Capital has completed.
Gallagher lines up Barbon as next acquisition target
AJ Gallagher is closing in on a deal to acquire Barbon Insurance Group, Post understands.
European Parliament clamps down on rating agencies
Rating agencies' shareholdings in rated firms are to be capped to reduce conflict of interest under new rules approved by the European Parliament.