News
Piracy falling but seas off East and West Africa remain dangerous
Piracy on the world's seas has reached a five-year low, with 297 ships attacked in 2012, compared with 439 in 2011, the International Chamber of Commerce International Maritime Bureauglobal piracy report revealed today.
Rising kidnap risk amid Eurozone unrest
The rising risk of abductions as a result of social unrest in the Eurozone is creating opportunities for insurers specialising in kidnap and ransom policies.
Insurance "integral" to improving global food security
Agricultural insurance is "indispensable" for managing agricultural risks, and key to increasing agricultural production, according to Swiss Re.
RSA unveils commercial crime protection policy
RSA has launched a commercial crime protection policy which provides insurance for businesses against fraud, dishonesty or malicious acts.
RSA names head of sold Dutch Caribbean unit as Hong Kong CEO
RSA has appointed its former Dutch Caribbean boss as chief executive of the firm's Hong Kong business following the confirmation in December that it will sell the business to Fatum General Insurance.
Allianz GCS gets local reinsurer approval for Brazil
Allianz Global Corporate and Specialty has received approval from the Brazilian regulator to start operating as a local reinsurer in the country.
CNA Europe swoops for CFC technology lead
CNA Europe has appointed CFC Underwriting's former technology and cyber division lead as European underwriting director of technology.
FSA seeks PPI mis-selling deadline
The Financial Services Authority is in talks with the banking industry to set a deadline for customers being able to claim for the mis-selling of payment protection insurance, according to reports.
RSA appoints Walker as Hong Kong chief executive
RSA has appointed former head of Dutch Caribbean operations Mark Walker as chief executive in Hong Kong.
Emerging Asia to lead life insurance growth, says Swiss Re
Reinsurer believes life insurance premiums will grow by about 10% in real terms this year in emerging Asia.
Regulator warns Chinese insurers
The China Insurance Regulatory Commission has sent 19 insurers a warning to stop breaching regulations.
Starr's Asia plans boosted by AIG hire
Maurice 'Hank' Greenberg's insurance group Starr International has appointed Jeffrey Hayman as president of international insurance operations.
MicroEnsure targets Asia with Telnor JV
MicroEnsure has formed a joint venture with mobile operator Telnor, with the aim of providing microinsurance products to four than four million people in Africa and Asia.
IFIC's Gracey departs for US counter-fraud firm
Bobby Gracey has left his role as chief executive of forensics investigators International Fire Investigators and Consultants after 12 months to join a US-based fraud management firm.
Insurers urged to address compliance issues ahead of incoming Act
DAC Beachcroft has warned insurers to prioritise a review of compliance details, after The Law Commission confirmed that the Consumer Insurance Act 2012 will come into effect on 6 April.
Gibraltar government recruits former Ace chief
Michael Ashton, formerly chief executive of Ace global markets, has been hired as senior executive of Gibraltar's Ministry of Financial Services' finance centre department.
Sandy leaves Allianz operating profit outlook unchanged
Allianz has estimated that Hurricane Sandy, which hit the north eastern coast of the United States in late October 2012, has had an estimated total impact of $590m.
Aspen promotes Meyer to Bermuda CUO
Aspen has promoted its London-based marine and terrorism reinsurance head to the role of chief underwriting officer at the firm's Bermuda subsidiary.
Allianz vows to honour HMV extended warranty policies
Allianz has confirmed that it will honour insurance claims made under the extended warranty policies taken out by HMV customers, as the music giant falls into administration.
Dual eyes improved capital returns following managerial shake-up
Hyperion underwriting arm Dual has unveiled a string of managerial appointments today designed to strengthen the company's risk and governance functions.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Equinox Global appoints Germany business head
Equinox Global has named credit insurer Euler Hermes' Hong Kong chief executive Henning Siess as head of Germany.
Insurance broker banned for misappropriating money
The Financial Services Authority has banned Harbinder Panesar from working in the financial services industry and fined him £212 237.
Equinox Global plans German expansion
Equinox Global has appointed Henning Siess as head of Germany, ahead of the planned opening of a new German office this year.