News
Report finds opportunities for commercially viable rural livestock cover
Technological improvements and growing demand offer hope for "commercially viable and welfare-enhancing livestock insurance", despite early failures, according to a report by the International Labour Organisation and the Munich Re Foundation.
AIA's acquisition of ING will have no affect on rating
The national insurer financial strength rating with stable outlook for American International Assurance Company and its Thailand branch will not be affected the company's planned purchase of ING Malaysia.
European insurers withdraw cover for Iranian oil storage
Two European insurers have withdrawn cover for tankers storing Iranian oil, according to documents seen by Reuters.
Crawford recruits CEMEA business development director
Crawford & Company has appointed Tobias Walter, pictured, as business development director for Continental Europe, the Middle East and Africa.
Lord Mayor of London welcomes Indian FDI decision for UK firms
Opening India's insurance sector will bring in more capital to the under-capitalised sector, according to the Lord Mayor of London.
Ghana Agricultural Insurance Pool makes first payment to farmers
One hundred and thirty six farmers in the northern region of Ghana have become the first beneficiaries of payments from the drought index insurance product under the Ghana Agricultural Insurance Pool.
HDI-Gerling takes 26% stake in Indian Magma ready for FDI increase
German insurance company HDI-Gerling has paid four times premium on Rs26 crore for its 26% stake in Indian firm Magma HDI General Insurance Co with a commitment of raising the holding to 49% when the government allows it.
German non-life insurers' focus on rates improves profitability
The German non-life insurance market has proved to be resilient, seeing growth in 2011 and a robust 2012.
Co-founder Burley leaves Delta Claims
Delta Claims Services director Simon Burley has left the firm he helped set up four years ago owing to "irreconcilable differences".
AIG agrees long-term sponsorship deal with legendary All Blacks
The AIG brand logo will adorn the front of the legendary New Zealand All Blacks rugby shirts, after the pair agreed a five and a half year sponsorship deal.
Argenta appoints senior power and cargo underwriters
Argenta's Lloyd's syndicate has named Barney Smythe and Joanne Reynolds as senior underwriters for power and utilities and cargo and specie respectively.
JLT director Ravinet linked with Gallagher Heath move
Speculation is mounting that JLT director Simon Ravinet is on the verge of leaving the company where he works in the This London Market facilities division.
One in six to quit Aviva's Birmingham operation
Almost one in six staff at Aviva's Birmingham office have accepted voluntary redundancy.
IRDA issues new bancassurance guidelines
India's Insurance Regulatory and Development Authority published revised draft regulations on bancassurance tie-ups this week giving more flexibility to banks and insurers.
Country's biggest scam concludes as 'crash for cash' fraudster sentenced
A Bolton man who planned a series of 'crash for cash' scams on roundabouts through his insurance claims management company was found guilty of fraud and ordered to pay more than £7000.
Mapfre opens Milan office
Spanish insurer Mapfre has opened a representative office in Milan to serve the Italian market.
Junction names business development leader
Affinity provider Junction has announced the appointment of former shot-putter Lee Newman as business development director in a bid to target growth.
Aviva ends UK Athletics sponsorship deal
Aviva is to end its 13-year sponsorship of UK Athletics at the close of 2012 when the current contract finishes.
AIA wins race to acquire ING Malasia
AIA has expanded its pan-Asian reach with the acquisition of ING Malaysia.
DLG "transformation" sees shares oversubscribed, says Geddes
Direct Line Group chief executive Paul Geddes has described the 175p share price as "bang on" after trading began on the London Stock Exchange this morning.
Delta Lloyd to use Synerscope fraud detection software
Netherlands-based insurer Delta Lloyd has agreed a deal to use technology firm Synerscope's fraud detection software.
Miller bolsters D&O team
Miller has added Colin West and Andy Brett to its directors' and officers' team.
Tata AIG in bancassurance tie-up
AIG's Indian joint venture has formed an agreement with India's Axis Bank to offer insurance products via the private bank's distribution network.
Merlin set for liquidation
Merlin Claims' joint administrators have recommended that the fallen loss adjuster enter liquidation once the administrative work is sufficiently complete.