News
Property rebuilding costs continue to slow
The annual rise in the UK's index of house rebuilding costs is continuing to slow down, according to the Building Cost Information Service of the Royal Institute of Chartered Surveyors.
LIC investigated over Rs10m death benefit scam
The Life Insurance Corporation of India is being investigated for alleged "serious financial irregularities" in a scheme designed to provide insurance for the country's rural poor.
Willis Re appoints Angelini-Hurll to newly created role
Willis Re has appointed Kieran Angelini-Hurll as regional director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations.
James Hallam develops insurer ranking matrix
James Hallam brokers has developed a ranking matrix for all insurers it deals with.
FSA authorisation time for new firms still on the up
The amount of time the Financial Services Authority takes to approve new firms has risen for a third consecutive quarter, according to data seen by City law firm Reynolds Porter Chamberlain.
Posner would consider another role
Following his decision to step down from his board position at QBE, Howard Posner has told Post that "winding down" was always his long-term plan.
Hardy leaves CEO role at Axa
Steve Hardy has stepped down as chief executive of Axa Personal Lines.
Cooper Gay energy chairman retires
Tony Pickering, executive chairman of Cooper Gay's energy division, has retired.
Executive chairman retires from Cooper Gay energy division
Tony Pickering is retiring as executive chairman of the energy division at insurance intermediary Cooper Gay & Co.
Zurich appoints Butt as head of sales
Zurich has appointed Valerie Butt as head of sales, distribution and marketing for global corporate, effective 1 July.
MDS Holdings recruits international specialist to spearhead expansion plans
European and Latin American broker MDS Holdings plans to expand its global footprint beyond its current Portuguese, Angolan and Brazilian territories.
Posner steps down from QBE board
Former Halifax Bank of Scotland general insurance boss Howard Posner has retired as a non-executive director of QBE European Operations after six years.
QBE appoints new non-executive director
Business specialist QBE has appointed Wai Au as non-executive director of its Lloyd's operation QBE Underwriting and its UK company market and European branch operations, QBE Insurance.
Legrand joins MDS as chief operating officer
MDS Holdings, the European and Latin American insurance broking group, is setting its sights on entering new international markets outside its current Portuguese, Angolan and Brazilian territories.
Cobra deadline extended to 15 June
The deadline for the Cobra deal has been extended for the third time.
Moss exit and senior management shake-up keep Aviva rating under review
Aviva's financial strength rating of A (excellent) has been reviewed and maintained by AM Best Europe while remaining under review with negative implications.
Direct Line rolls out telematics offering
Following a pilot with sister firm Tracker to test the use of telematics in retail motor insurance, Direct Line is offering a telematics product to customers.
Indian health insurance market predicted to be worth $7.6bn by 2015
One in 10 people in India could end up buying health insurance products against the current 2%, according to a new survey.
Mapfre Re downgraded amid fears over future of Spanish economy
Mapfre Group’s reinsurance arm’s issuer credit rating has been downgraded by AM Best Europe following an assessment of the consolidated group’s financial strength and ongoing risks in the Eurozone.
Sri Lanka general insurance market grew 23.45% in 2011, says regulator
The gross written premium of Sri Lanka's insurance sector rose 18.5% year on year to Rs.66.2bn (£300m) in 2011, with the general and life insurance segments recording substantial growth, according to the Insurance Board of Sri Lanka.
Ex-RSA director Lawton to head up Towergate broking division
Towergate has confirmed the capture of former RSA mid-market director Mike Lawton as chief executive of the firm’s broking division.
Willis Re appoints regional director for APAC and ME
The reinsurance arm of broker Willis Group today appointed Kieran Angelini-Hurll as regional director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations.
Barnier "hopeful" of political agreement on Solvency II
Despite "rapid progress" being made, Solvency II may not apply from 1 January 2014 if political consensus is not reached in the next few weeks, according to Michel Barnier.
Member governments renew catastrophe insurance policy with Caribbean risk pool
All 16 member governments of the Caribbean Catastrophe Risk Insurance Facility will renew their hurricane and earthquake insurance for 2012 to 2013.