News
Mutuals outgrow insurance market, says new research
The period between 2007 and 2011 saw premium income for the world's mutual and cooperative insurers grow by 25.4%, compared with 12% for the insurance market as a whole.
European outlook 'significantly negative', says EIOPA
The financial stability of the European economy remains fragile, despite coordinated political efforts and actions taken by the European Central Bank.
Hastings recruits ex-LV digital marketing boss
Hastings has appointed former LV head of digital marketing Nicola Charles to the role of marketing director at the broking firm.
Household insurers to make profit in 2012
The household insurance market could make an underwriting profit for a second year in a row, according to Deloitte.
IAG confirms Equity Red Star sale ahead of huge predicted losses
Insurance Australia Group has confirmed the sale of its UK business to Aquiline Capital Partners, following the completion of a strategic review in which the firm predicted net losses of £156m after tax.
Rothko vandal jailed for 'unacceptable' crime
The man who defaced a Mark Rothko mural at the Tate Modern in October has been sentenced to two years' imprisonment.
Lloyd's investigation into Utley to conclude next year
The Lloyd's investigation into three former senior figures at Equity Red Star, including Hastings Insurance Group chairman Neil Utley, could conclude around the middle of next year once the Accountancy & Actuarial Discipline Board completes its own…
AIG creates financial institution division
AIG has launched a financial institutions practice in the UK to help businesses across the sector confront the risks and challenges of the market.
Bridge broker unveils creative industries division
Bridge Insurance Brokers is expanding into new markets with the launch of a creative industries specialist division.
AJ Gallagher hands ex-Brit chief exec Eckert NED role
Former Brit Insurance chief executive Neil Eckert has been appointed a non-executive director of Arthur J. Gallagher International.
Male drivers more accident-prone, research finds
Young men are more likely to have serious accidents than women of the same age because they are more prone to sudden breaking and driving for extended periods without taking a rest, according to research by Insure the Box.
Insurers face most challenging P&I renewals in a decade, Willis warns
The upcoming P&I renewal could be the toughest in a decade as difficult economic conditions for ship operators, poor underwriting results and a slew of large claims threaten to create a "perfect storm", according to Willis.
RSA strengthens partnership with Hood Group
Hood Group subsidiary Select and Protect has appointed RSA as the sole underwriter for its Ultima home insurance product.
HDI-Gerling hires engineering and construction director
Industrial insurance company HDI-Gerling has appointed David Chew as engineering and construction director.
Hardy raids London market for senior quartet
Lloyd's insurer Hardy has made the first senior appointments following its acquisition by CNA, including a new chief operating officer.
Telematics technology can curb 'crash for cash fraud', says Cobra
Insurance technology firm Cobra has called for the wider use of telematics in vehicles to stamp out fraud.
Moody's launches Solvency II compliance tool
Risk measurement and management firm Moody's Analytics has added a Solvency II compliance tool to its enterprise risk solutions suite.
AIG launches cyber cover for Middle East firms
American International Group has launched a cyber-attack policy for companies in the Middle East, in what it claims is a first for the region.
GFIA launches official website
The Global Federation of Insurance Associations has launched an official website designed to promote better understanding of the global insurance industry.
Towergate takes on NFU Mutual team in Aberdeen
Towergate has underlined its retail growth plans for Scotland with the hire of a seven-strong team to the consolidator's Aberdeen office.
South Korean regulator voices concerns over local insurer solvency
The South Korean regulator has advised local insurers to increase their capital base.
Farm and General selects Transactor as software provider
Insurance software house Transactor Global Solutions has been chosen as the new software supplier for specialist agricultural and horticultural insurance provider Farm and General Insurance Consultants.
Marsh launches 12th global energy hub in Mumbai
Marsh has launched its 12th global energy hub in Mumbai to serve the risk and insurance needs of the growing oil and gas sector in the region.
Lorega hires ex-Keelan Westall development manager
Lorega has hired Sam Purcicoe from broker Keelan Westall as business development manager for the north of England.