News
Reinsurance sector "strong" despite 3% drop in capital
Global reinsurer capital was down by 3% to $455bn (£286bn) last year, according to the Aon Benfield Aggregate analytics report, but the sector has been described as remaining strong.
Transactor boss revels in rising turnover and record acquisitions
Transactor Global Solutions is expecting to announce a combined group turnover of more than £6.5m following a year in which business acquisition reached a new high.
CIRC to tighten capital adequacy supervision
China's Insurance Regulatory Commission is to bolster its supervision of the insurance industry over the next few years to ensure that insurers are able to pay claims.
State-backed cover for Iran shipments likely, says Chinese shipping group
Government-backed insurance coverage for oil shipments from Iran is highly likely, according to China's largest sea-cargo carrier.
AM Best downgrades and withdraws Omega rating
AM Best Europe has downgraded Omega Speciality Insurance’s financial services rating from A- to B++ and withdrawn the ratings at the request of Omega Insurance Holdings.
CCV buys remainder of Capital & County
CCV has bought broker Capital & County outright after originally buying a 30% shareholding on 1 September 2008.
Mondial appoints ex-Allianz boss to launch health product
Mondial Assistance UK has appointed Phil Carr as new head of health services, leading the launch of a new homecare product.
Twenty years on: Impact of the Baltic Exchange attack
Today is the 20th anniversary of the Baltic Exchange blast in St Mary Axe in which three people died.
Coleman confirms Leighton Foster acquisition
Poole-based Coleman Group has confirmed it has acquired Exeter firm Foster Leighton.
India's foreign direct investment u-turn hits IPO plans
The Indian government's move to defer the easing of foreign direct investment in insurance will scupper the plans of large companies considering initial public offerings and may push consolidation, according reports in the Indian press.
Insure the Box claims telematics cut young driver accidents by 40%
The use of telematics to encourage better driving had reduced young driver accidents by as much 40%, according to Insure the Box after an analysis of more than 300 million miles of driving data.
One in seven have 'fronted' car insurance
One in seven drivers have 'fronted' on their car insurance policy, and almost a quarter think the practice is legal, according to a survey from aggregator Money Supermarket.
Cunningham Lindsey young gun wins CII award
Cunningham Lindsey assistant adjuster and major loss surveyor John Newnes has won the Cardiff Chartered Insurance Institute Young Achiever of the Year award.
S&P affirms Dhaman's 'AA' credit rating
Standard & Poor's has affirmed its 'AA' counterparty credit rating for the Kuwait-based Arab Investment and Export Credit Guarantee Corp.
Hyperion to sell majority stake in CFC
Broker Hyperion Insurance Group and CFC Underwriting have agreed to sell Hyperion's majority stake in CFC Underwriting to a consortium of private investors and the management team.
Hyperion sells stake in CFC underwriting
Hyperion is selling its 60% stake in CFC Underwriting to a consortium of private investors and the management team.
Finch returns to Bluefin following Gallagher u-turn
Bluefin has confirmed the reappointment of former employee Stephen Finch, just one year after he left the firm to join Gallagher Heath.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.eu over the past seven days.
500 million microinsurance schemes worldwide, says report
The number of microinsurance schemes has reached an estimated 500 million worldwide, according to the Microinsurance Innovation Facility and the Munich Re Foundation.
VFM gets its anti-fraud conversation management training accredited
Counter fraud firm VFM Services has had its New ERA 'conversation management' training programme that helps spot fraudulent insurance claims on the phone accredited by Portsmouth University.
Uniqa launches new motor products in Austria
Uniqa has launched a range of motor products in the Austrian market including a 'new car' product.
Xchanging promotes Kruger to broking MD
Business process and technology services provider Xchanging has appointed James Kruger as managing director of Xchanging Broking Services with immediate effect.
Japanese insurers' revenues rise after surge in quake policies
Japan's five major insurance companies experienced year-on-year increases in premium revenue during the 2011 fiscal year, according to Japanese publication The Daily Yomiuri.
Indian regulator asked to help fix 'suicidal competition'
Indian Finance Minister Pranab Mukherjee has directed the Insurance Regulatory and Development Authority to suitably address the 'suicidal competition' among insurers as undercutting each other by offering policies at low premiums for a bigger market…