News
UK PMCs in Sri Lanka could find insurance invalidated
The Sri Lankan government's decision to mandate the use of offshore armouries could potentially invalidate UK private maritime security companies' insurance and affect their ability to win or retain security contracts from ship owners.
CIRC seeks more information on Ping An sale
HSBC's sale of its 15.5% stake in Chinese insurer Ping An is at risk of falling at the first hurdle.
Ferma appoints full time European adviser
The Federation of European Risk Management Associations has appointed Julien Bedhouche as its first full time European adviser.
Gender Directive will cause a 'perfect storm' in March
Insurers have to start preparing for the 'perfect storm' the Gender Directive will cause in March this year, according to telematics insurer Coverbox.
Ferma appoints full-time European adviser
The Federation of European Risk Management Associations has appointed French national Julien Bedhouche as its first full time European affairs adviser.
Delta Lloyd eyes second listing on Brussels exchange
Delta Lloyd NV is planning to list on the Belgian stock exchange, the insurer revealed today.
Keelan Westall founder recruits former employee for new venture
A former Keelan Westall team leader has rejoined her ex-boss Alan Westall at his Property Insurance Initiatives venture.
JLT appoints new partner as Coolings takes up Miller casualty post
Miller has recruited former Jardine Lloyd Thompson partner Simon Collings to spearhead the casualty division of the broker's corporate risks team.
Abbey Legal profit to meet expectations
Abbey Protection has said that its alternative business structure licence gained on 1 January will support profitable growth in 2013.
AIG will not sue US state over bailout
AIG has ruled out backing a claim by shareholder CV Starr that the terms of its state-backed bailout were unfair.
Ascot recruits Barbican underwriter Pilkington as head of casualty
Ascot Underwriting has appointed former Barbican active underwriter John Pilkington as head of casualty.
Japanese insurers grow in strength
Four Japanese companies are now in the top 10 insurers list as measured by net written premiums, according to a new AM Best survey
Adjusting Solutions partners go their separate ways
Loss adjuster Adjusting Solutions has ceased trading after co-founders Tom Battell and David Martin ended their seven-year partnership to pursue separate ventures.
Smith goes global in new COO role as Watson steps up to Ageas UK CEO
Barry Smith's promotion to the newly created role of group chief operating officer at Ageas will see him tasked with delivering the insurer's 2015 strategic vision on a global level, including its ambitions for emerging markets in Europe and Asia where…
Investing in the profession: Amlin to move to the Cheesegrater
Amlin will move into the Leadenhall Building, better known as the Cheesegrater, in March 2015.
Investing in the profession: Guy Carpenter launches in Dubai
Guy Carpenter has opened its first office in the Middle East and has received a licence from the Dubai Financial Services Authority to operate as an insurance intermediary in the Dubai International Financial Centre.
Market moves: Towergate and Kinetic get the recruitment ball rolling for 2013
Towergate and Kinetic were the most active recruiters this week, each bringing in a raft of new hires. Towergate welcomed a seven-strong team to its office in Aberdeen, while Kinetic brought in three new staff from Lime Street brokers.
Tasmania bushfire losses could top AUS$49m
Losses from bushfires that have ravaged Tasmania in the past few days are expected to be around AUS$49m (€39m).
Data protection rules must accommodate insurers says Insurance Europe
The European Commission's proposed new data regulation could have unintended negative consequences for insurers and consumers, Insurance Europe has warned.
Drive-by attacks top cyber threat list
Drive-by exploits are the top threat facing web users today, according to the European Union's cyber security agency ENISA.
Lord Younger to steer ERR Bill following parliamentary appointment
Lord Younger has today been appointed Parliamentary Under-Secretary of State at the Department for Business Innovation and Skills by the Prime Minister.
Swiftcover remains core to strategy, claims Axa PL boss
Axa has thrown cold water on speculation that it is preparing to dump the Swiftcover brand, following an exodus of company founders and former executives.
Giles sets sights on £145m GWP for network start-up within two years
The newly installed managing director of Giles' networks and London market businesses has outlined his far-reaching plans to add hundreds of millions of pounds in gross written premium to the firm's books within the next two years.
UK motor insurers exit "bloodiest" renewals period amid PPO concerns
The UK motor insurance market has witnessed the close of a testing reinsurance renewals season driven by wrangling over excess-of-loss cover and periodic payment orders, with reinsurers keen to limit their liability.