News
AIA appoints new non-executive director
AIA Group has appointed Barry Chun-Yuen Cheung as an independent non-executive director of the company.
Takaful's key markets diverging, says S&P
Takaful companies in south east Asia appear more healthy and sustainable than their counterparts in the Gulf, according to the latest report by Standard and Poor's.
Court of Appeal delays judgment on retrospective 10% uplift debate
The Court of Appeal has decided to delay judgment on an industry appeal against a decision to effectively bring forward a rise in damages by 10% from April next year.
Purple Partnership in tie up with LV
Independent broker network Purple Partnership has announced a deal with LV, which will now serve as a commercial key partner.
Telematics box tested in car rally
Cobra UK has released a white paper on the performance of its telematics box after testing it for three days at the Ulster Rally.
Tysers P&I report predicts market hardening
Rates for protection and indemnity cover could harden by 10% at the next renewal, according to the 2012 P&I Clubs report published by Lloyd's broker Tysers today.
UK flood claims expected to rise further
Severe weather in the UK has been credited to Hurricane Nadine today as parts of the country suffer from heavy rain and strong winds.
Top five European news stories
The top five stories from insuranceinsight.com over the past seven days.
Fitch cuts Axa IFS outlook from stable to negative
Concerns about Axa's ability to improve profitability were cited for the move by Fitch Ratings to revise the outlook of the firm’s Insurer Financial Strength rating from stable to negative.
Bluefin delivers £11.5m dividend to Axa
Bluefin has paid its parent company an £11.5m dividend for the 2011 financial year on Ebitda of £17.8m (2010: £15.2m) and pre-tax profit of £11.6m (2010: £10m).
RKHIS opens Sevenoaks office
RK Harrison Insurance Services has opened a new regional office in Kent that will specialise in private client and rural business.
Dual wins new capacity providers
Liberty and Barbican will become capacity providers for Dual International's financial lines portfolio from next month, following in the footsteps of Arch, Hiscox and Mitsui Sumitomo.
Mondial to trade under Allianz brand
Mondial Assistance UK is changing its trading name to Allianz Global Assistance, aligning the brand with parent the Allianz Group.
Tawa sells reinsurance businesses
UK insurer Tawa is to sell 100% of its shares in KX Reinsurance and its subsidiary OX Re to Catalina for a maximum of $30m.
Ping An files Belgian arbitration claim
China's second largest insurer, Ping An, has filed an international arbitration claim against Belgium in a bid to reclaim losses from an investment in Fortis.
AA calls for government action on flood protection
Recent government statements concerning the availability of affordable flood cover when the Statement of Principles expires in June have "not given much ground for confidence", according to AA Insurance director Simon Douglas.
Education key to lowering young drivers' premiums, says DLG
Direct Line's managing director of retail personal lines has called for a greater focus on education and responsibility before motor premiums can fall.
Dual adds Liberty and Barbican to capacity provider list
Liberty and Barbican are to join Arch, Hiscox and Mitsui Sumitomo Insurance as capacity providers for Dual International's global financial lines portfolio from 1 October 2012.
Browne Jacobson appoints professional indemnity partner
The insurance sector specialist law firm has appointed Michael Howard to its professional indemnity team in London.
Flood warnings raised as weather worsens
Heavy rainfall has prompted the UK's Environment Agency to raise the number of flood warnings to 21.
Airmic members back commercial insurance law overhaul
The vast majority of Airmic members have backed the risk manager association's support for reforming the legal framework for commercial insurance - the 1906 Marine Insurance Act.
Hastings raids RSA and Ace for fresh managerial talent
Hastings Insurance Services has completed the double swoop for former head of affinity operations at RSA Paul Whymark, pictured, and ex-Ace continental Europe claims director Jonathan Sutcliffe.
Discount rate: Lord Chancellor likely to adopt mixed portfolio option
The Lord Chancellor is expected to opt for the “mixed portfolio option” when setting the discount rate for personal injury damages once the consultation finishes in October.
WR Berkley España appoints new president
WR Berkley Corporation has promoted Alejandro Jiménez to executive chairman of WR Berkley Insurance (Europe) Limited Sucursal En España.