News
Hong Kong damages verdict due over 'mistaken' hospital treatment
Insurers in Hong Kong are waiting for a court ruling on damages claimed by two patients from the Hospital Authority after being paralysed following alleged mistaken medical procedures at hospitals.
Prudential eyes growing Asian middle class
Prudential's chairman has spelled out the huge growth potential in Asia.
China to increase foreign investment tenfold
China wants to encourage more overseas institutional investors into its capital markets.
Former Ace COO becomes Gibraltar's new insurance chief
The Government of Gibraltar has hired the former chief operating officer of Ace Global markets to lead insurance business development on the island.
Generali chief eyes €600m cost savings by 2015
Generali chief executive Mario Greco unveiled a programme of changes today aimed at reducing costs and increasing cash flow at the Italian insurer.
Ex-Provident chairman appointed Aviva NED
Aviva has appointed Sir Adrian Montague as non-executive director.
Plum launches MNW focused home product
Specialist household provider Plum has launched a new home insurance product, while HNW broker Castleacre has revealed that property rates can vary by as much as 8%.
S&P warns of "mounting pressure" on global insurers
The credit quality of global multi-line insurers is generally sound, despite a downward trend over the past four years, Standard and Poor's said today.
DAS targets fire and flood victims with Loss Assist product
Legal expenses insurer DAS is launching the latest version of its Loss Assist product to provide assistance for households that have suffered damage to property or contents.
Talanx expects €306m Sandy loss
German insurance giant Talanx AG expects a net claims burden of €306m from Hurricane Sandy.
Ace recruits European marine manager from Dutch insurer Achmea
Ace has swooped for a new marine manager responsible for continental Europe, including central and eastern Europe, in the form of Benoît Chasseguet.
ECIC parent appoints Metcalf as group finance director
EC Insurance Holdings, parent of Electrical Contractors Insurance Company and Electrical Contractors Insurance Services, has recruited MGM Advantage's head of finance to serve as group finance director.
Ace hires Achmea's P&C manager
Ace Group has hired Benoît Chasseguet as marine manager for Continental Europe, including the Central and Eastern European region.
Foil urges MoJ to bring forward fixed fee protocol
The Forum of Insurance Lawyers is calling on the Ministry of Justice to bring forward the introduction of a fixed fees protocol in relation to the planned extension of the RTA Portal.
Groupama targets classic vehicle owners with new products
Groupama Insurances has launched two products aimed at the one million-strong UK classic vehicles market.
Safety standards represent 'unfair' changes to workplace law
The Association of Personal Injury Lawyers has warned that the government's proposed changes to the Enterprise and Regulatory Reform Bill are "a licence for rogue bosses to let safety standards fall".
Lloyd's hails underwriting deal with Japanese FSA
The Lloyd's market today welcomed an agreement between Lloyd's Japan and the Japanese Financial Services Agency enabling Lloyd's-based insurers to insure such risks in Japan.
SRA awards 74 ABS licences in a year
The Solicitors Regulation Authority expects further applications for alternative business structures in 2013, as existing ABSs continue to develop the range and type of business services offered.
Beazley welcomes Japanese warranty and indemnity agreement
Beazley has welcomed an agreement reached by Lloyd's Japan and the Japanese Financial Services Agency enabling Lloyd's-based insurers to insure warranty and indemnity risks in Japan.
Technology firm 2e Systems acquires Flightsurance
Flightsurance, a travel insurance start-up underwritten by QBE, has been acquired by 2e Systems, an online and technology provider.
Plumeri rounds on contingent commissions
Outgoing Willis chief executive Joe Plumeri has criticised a resurgence in the payment of contingent commissions to brokers by insurer partners.
Xchanging hails successful launch of settlement platform
Business processing outsourcer Xchanging has gone live with phase one of Netsett, a global net settlement platform launched in September 2012.
Heightened terrorism risk in Turkey following activist killing
The recent killing of a leading PKK activist indicates increasing terrorism risks to state and security assets in Turkey, including in Istanbul, according to a new report by Exclusive Analysis.
Aegis London boosts claims division with double hire
Aegis London has made two new appointments in its claims division in a bid to respond to the "changing profile" of claims that the firm encounters.