News
BGL appoints MD for own-brand business
The BGL Group has appointed Mark Townsend as managing director of Frontline, its business unit responsible for BGL brands including Budget and Dial Direct.
Europ Assistance MBO bosses unveil new insurance business
The team behind the management buy-out of Europ Assistance’s UK and Ireland arm and International Health Solutions has officially unveiled its new insurance and assistance services business Aria Assistance.
Insurers continue to safeguard cover for those taking predictive genetic tests
Thousands of people who undergo genetic tests for conditions such as Alzheimer's and cancer will continue to benefit when taking out insurance, thanks to an extended agreement announced today by Public Health Minister Anne Milton.
Law Society takes first step towards PII common proposal form
The Law Society said it is seeking industry-wide support from brokers and insurers to use its professional indemnity insurance composite proposal form in the first step in its drive towards a common proposal regime.
Indonesia appoints head of new financial watchdog
Indonesia's parliament has chosen Muliaman Hadad, a deputy governor at the country's central bank, as chairman of a new financial services authority.
CIRC guidelines aim to entice private investment in insurance
China's insurance regulator has unveiled guidelines designed to encourage private investment in the state-owned, asset-dominated insurance industry, the China Daily reported.
UK Law Commission publishes insurance law consultation
The Law Commission is seeking responses to is third and final consultation paper on insurance contract law, published today.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Biba web hits double for motor and travel signposting service
The number of website hits for the British Insurance Brokers' Association signposting service for motor and travel insurance has more than doubled in the two months since the site was launched.
Indian ships allowed to import Iranian crude on CIF basis
India is likely to join Japan in circumventing insurance sanctions to continue importing Iranian crude oil.
European Commissioner calls for 'proportionate approach' ahead of IMD II
European Commissioner Michel Barnier has told the European Federation of Insurance and Financial Intermediaries he wants a "proportionate approach" ahead of the publication of the revised Insurance Mediation Directive.
PICC may delay listing owing to market turmoil
Reports suggest that state-owned insurer PICC Group will delay listing on the Hong Kong stock exchange until October due to difficult market conditions.
Barnier assures brokers IMD regulation will be 'proportionate'
European Commissioner Michel Barnier has said the revision of the Insurance Mediation Directive is "an important step in restoring consumer confidence in the financial sector".
Indian regulator launches consumer education website
The Indian Insurance Regulatory and Development Authority has launched a new website to help educate consumers about insurance matters.
Indian insurers asked to stop undercutting to save market
The Indian finance ministry is believed to have asked general insurance companies to stop under-pricing risks to get volume business and to return to pre-detariff prices to boost poor combined ratios.
Aspen reshapes management
Aspen Insurance Holdings has made changes to the management of its insurance segment.
Law Commission publishes latest commercial consultation paper
The Law Commission has published its latest insurance contract law consultation paper today, ahead of plans to present final recommendations to parliament next year.
FXB says Groupama stakeholders still on board after downgrade
Groupama UK chief executive François-Xavier Boisseau has branded concerns that brokers will stop placing business with insurer as a result of the Standard & Poor downgrade a "storm in a teacup".
'Unresolvable differences' forces Axis Capital chairman to step down
Bermudian reinsurer Axis Capital's non-executive chairman, John Charman has stepped down after he was unable to "resolve differences" with the board of directors over "his understanding of the role and responsibilities of the chairman position".
Aon Benfield updates on Lloyd's
Aon Benfield's market analysis team has launched its latest Lloyd's update report, covering the market's 2011 financial results and business position in 2012.
FXB: Groupama downgrade does not reflect UK profitability
Groupama Insurances chief executive François-Xavier Boisseau, pictured, has defended the strength of the "ring-fenced" UK business and claimed that "good progress" towards a sale is being made, after the group's security rating was downgraded.
Groupama UK fights back over S&P downgrade
Groupama Insurances in the UK is strong and secure, according to CEO François-Xavier Boisseau.
Disagreement sees "house guest" Charman axed as ex-Axis chairman Butt reinstated
Axis Capital has appointed board member and former chairman Michael Butt as non-executive chairman of the board of directors, succeeding founder and former chairman John Charman.