News
Swiss Re CIO to step down
Chief investment officer David Blumer is to depart Swiss Re on 1 November.
Standard & Poor's upgrades Groupama Insurances to BB
Ratings agency Standard & Poor's has upgraded Groupama Insurances to a financial strength of BB on credit watch with positive implications, and expects to boost the rating to BBB in Q4.
Acturis launches sales shuffle in growth bid
Software provider Acturis has moved to bolster the leadership of its sales team with the appointment of Jeff McCracken, pictured, as UK sales and marketing manager.
Allianz could appeal against RSA motor subrogration judgment
Allianz may appeal against a high court judgment which found RSA's motor repair subrogation costs to be legal, despite being told that an appeal is likely to fail.
Chartis broker academy wins CII stamp of approval
Chartis' multinational broker training academy has been accredited by the Chartered Insurance Institute.
Miller opens Paris base
Miller Insurance Services has opened an office in Paris with a view to increasing its reinsurance presence in Europe.
Senior underwriting jobs at risk at Oval
Oval Insurance Brokers has entered into consultation with some senior management at its underwriting subsidiary Vela in a move aimed at "simplifying" the business.
September floods to cost Asia nearly $8bn
Asia is facing economic losses of nearly $8bn after heavy flooding throughout September, according to a catastrophe report by Aon Benfield.
O'Roarke frustrated at missing out on Groupama 'bargain'
LV boss John O'Roarke admits he was left rueing a "missed opportunity" after hearing how much Ageas paid to secure the acquisition of Groupama.
EIOPA chairman calls for Solvency II clarity
Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority, has urged the European Commission to press ahead with the "stagnant" Omnibus II negotiations and their impact on Solvency II negotiations.
Legal indemnity and title insurer launches at Lloyd's
A new European provider of legal indemnity and title insurance has launched at Lloyd's.
IRDA plans to approve 10 standard insurance products
India's insurance regulator plans to develop 10 standard products which can be launched by insurance companies without seeking regulatory approval.
Miller opens Paris office
Specialist broker Miller has opened an office in Paris in a bid to increase its reinsurance presence in Europe.
DLG outlook "increasingly difficult", says analyst
The success of the first Direct Line Group float has failed to alleviate concerns over the long-term future of the company, according to Panmure Gordon.
Legal services insurers in pole position to meet new generation's needs
Insurers are ideally placed to take advantage of the changing market environment, according to the new president of the International Association of Legal Protection Insurance (RIAD).
Global insurance market continued firming in Q3
Global insurance prices continued to rise in the third quarter of 2012, continuing a slow but steady trend that began in the second half of 2011.
Japanese insurers cease China riot cover
Some Japanese insurers are believed to have stopped covering firms against riots in China.
Blumer to exit Swiss Re
Swiss Re's chief investment officer, David Blumer, will leave the company in November, a statement on the firm's website revealed today.
HSB Engineering names senior underwriter in Ireland
Specialist engineering and construction insurer HSB Engineering Insurance has appointed Hazel Keegan as senior underwriter.
Swiss Re's Hartmann to strengthen VIG Re board
Johannes Martin Hartmann has been appointed to the managing board of VIG Re with effect from 1 October.
RMS updates Japan earthquake model
RMS has released an update to its Japan Earthquake Model, incorporating a re-characterisation of hazard resulting from the 2011 Great East Japan (Tohoku) earthquake and tsunami.
Motor subrogration appeal against RSA likely to fail, says top judge
A High Court judge has ruled in favour of the motor repair subrogration costs RSA charged Allianz and Provident, stating that the charges were reasonable even if the insurer had used its own repair network.
IRDA to penalise insurers refusing third-party motor cover
India's Insurance Regulatory and Development Authority will take "severe" penal action against general insurance companies refusing third-party motor insurance.
Economic loss from Asia flooding nears $8bn
Flooding in Asia, and particularly China, has generated economic losses of more than $7.5bn, according to Aon Benfield.