News
Superstorm Sandy to cost Catlin £124m
Catlin estimates that its losses from the storm will be $200m (£124m), net of reinsurance and reinstatements.
Premium Credit appoints new chief operating officer
Premium Credit has appointed Gopi Chelliah, pictured, as chief operating officer.
CRIF links with HPI and Tracesmart for fraud tools
Fraud solutions provider CRIF Decision Solutions has inked deals to provide customers with anti-fraud data through vehicle identification and consumer profiling.
Think tank suggests early intervention for systemically risky insurers
Insurers deemed to pose systemic risk should face three steps as part of an escalating "ladder of intervention", according to the Geneva Association.
Ageas acquisition boosts Groupama Insurances rating
Standard & Poor's has raised Ageas' financial strength rating to 'BBB' with a 'stable outlook', having reviewed the insurer's financial and business risk profiles.
BWise expands reach with Bangkok office
Governance, risk management and compliance software firm BWise has opened a regional office in Bangkok, Thailand.
Japanese insurers vulnerable to stock market downturns
Japanese non-life insurance groups are likely to maintain adequate capital buffers at the group level, underpinned by robust capital from life subsidiaries, according to Fitch.
Quest Group secures acquisition loan from Clydesdale Bank
Insurance provider Quest Group has secured a senior debt facility from Clydesdale Bank to help complete the acquisition of an insurance portfolio from Ireland-based Icarom.
Amlin to move into the 'Cheese grater' in 2015
Insurer and reinsurer Amlin will move into the Leadenhall Building, better known as the 'Cheese grater', in March 2015.
Willis launches cover for offshore decommissioning risks
The energy industry faces new risks associated with decommissioning and dismantling oil and gas installations when they reach the end of their productive life, Willis Energy has warned.
Insurance company uses 'people power' policies to drive down premiums
A new company that will use group buying power to help people with similar interests and needs to drive premiums down has launched today.
AIA suspends shares as AIG commences potential sale
The board of directors of AIA Group has requested that trading in the shares of the company on the Hong Kong Stock Exchange be suspended after AIG started a potential sale by placing a "significant proportion" of the shares held by AIG.
UK General joins the MGAA
UK General Insurance has become a member of the Managing General Agents' Association.
Towers Watson motor report warns insurers to move with the times
Insurers have been told to refresh internal approaches to keep pace with a changing motor market, which is expected to break into profitable territory in 2012.
RSA and More Than give Xmas vouchers to flood affected customers
RSA and More Than will redirect mail and offer gift vouchers for customers forced to spend Christmas in alternative accommodation following the recent floods.
Regulation and 2012 insured losses to shape insurance market in 2013
Partners at PwC predict that the Prudential Regulation Authority and the Financial Conduct Authority will be the "tip of the iceberg" for regulation next year.
Generali launches growth plan for Italy with only three brands
Generali has revealed its plans for growth in Italy, which include over €300m of investments in just three brands: Generali, Alleanza and Genertel.
US consolidator aquires Paul Napier
London-based Lloyd's broker Paul Napier has been sold to to US insurance broking consolidator Assured Partners for an undisclosed sum.
Regulatory overhaul threatens Malaysia insurers' margins
Regulatory changes and on-going capital market volatility could challenge the earnings stability of Malaysia's insurance and takaful sector, according to Fitch.
Insurers anticipate 2016 Solvency II deadline
Insurers are reducing their Solvency II implementation programmes as they now expect the directive to come into force in 2016.
QBE wins contempt of court case against PI fraudster
A man who attempted to make a fraudulent personal injury claim against his QBE-insured employer Airbus has been sentenced to six months in prison.
MP and job centre rally round Drive Assist staff
The sacked employees of credit hirer Drive Assist have found support in the shape of a local MP and the job centre.
IAG sells Independent Commerical Brokers for £10m
Insurance Australia Group has sold Independent Commercial Brokers to the existing management team for £10m.
Over half of young people understand the legal implications of online gossip
Research by media law firm Wiggin LLP found that 54% of 18 to 24 year-olds are aware that they could be prosecuted for posting unsubstantiated rumours about someone else online.