News
Zurich sells Russian retail business to OLMA Group
Zurich has agreed to sell its Russian retail business to investment firm OLMA Group, but will retain its Russian corporate business.
RSA to sell Chinese arm to Swiss Re for £71m
RSA Insurance Group has agreed a deal to sell Sun Alliance Insurance (China) to Swiss Re Corporate Solution.
Marsh appoints Klisura as global placement business boss
Dean Klisura has been named head of Marsh's new global placement organisation.
SRA cuts mandatory PI cover limit to £500 000
The Solicitors Regulation Authority has reduced the minimum level of professional indemnity cover for solicitors to £500 000.
Homeowners see premiums fall 22% in four years
Home insurance premiums in the UK are at their lowest level in four years, according to a study by Money Supermarket that calculated the average premium at £124.
Wunelli partners with Innovation Group on BPO deal
Innovation Group has formed a partnership with Wunelli to become the telematics firm’s recommended business process outsourcing provider.
Samsung Fire & Marine eyes China expansion
Samsung Fire & Marine Company is in talks with Chinese firms to establish a marine insurance company in the country, according to local news reports.
MS&AD aims to double overseas earnings
Japanese insurer MS&AD aims to double its overseas earnings by 2017, new president Yasuyoshi Karasawa has said.
Ace looks to Marsh for client relationship hire
Ace Group has appointed Paul Wilderspin as UK and Ireland client relationship manager.
Crawford names Dutch boss Baumann as CEMEA liability head
Adjusting giant Crawford & Company has promoted its Dutch business leader Rianne Baumann to a new role as head of liability across continental Europe, Middle East and Africa.
RFIB recruits Zurich’s El Kaissi to helm Saudi operation
Lloyd’s broker RFIB has named Zurich’s Middle East mid-market boss Hassan El Kaissi as its new general manager for Saudi Arabia.
Sun Life launches GI products
Axa-owned Sun Life has dropped the Direct from its name as part of a rebrand which has seen it enter the general insurance space. The company has said it is addressing consumer need by launching ‘straightforward and affordable’ products, supported by a …
Arthur damage likely minimal
Tropical storm Arthur is unlikely to deal significant damage to properties in North Carolina should it make landfall later this week, according to catastrophe modellers AIR Worldwide.
Two thirds of public back young driver restrictions
The majority of the British public back measures to cut death and injury on the roads through restrictions on newly qualified young drivers, according to an RAC survey.
JLT acquires stake in Sunidhi Group broking subsidiary
Jardine Lloyd Thompson has completed the acquisition of a 26% shareholding in Independent Insurance Brokers Private, the Mumbai and Chennai-based insurance and reinsurance broking subsidiary of Indian financial services business Sunidhi Group.
Uninsured Italian vehicles hit 3.5 million
The number of uninsured vehicles on Italian roads reached 3.5 million in 2013, up from 3.1 million in 2013 according to the Italian association of insurance companies ANIA.
Zurich calls for improved data checking among brokers
Brokers have been challenged to help maintain the fight against fraud after a survey by Zurich showed that almost a quarter of ID checks fail because customers’ dates of birth have not been entered correctly.
Brokers told to explain their services to customers as disclosure decision looms
German transparency U-turn means mandatory commission disclosure is likely
Market warns broadened terrorism coverage could impact reinsurers
Major changes to coverage offered at renewal include extended hours clauses
Zurich begins search for new UK GI boss as Lewis leaves to replace Brown at RSA
Analysts question Lewis’s direct experience after 25-year tenure at Zurich
Towergate consulting on 69 underwriting roles
Towergate has confirmed that it will consult on a total of 69 roles as part of a redundancy programme at managing general agent Fusion.
Insurers seek clarity over tangible returns from infrastructure investment
ABI looks to secure 20-year investment partnership with government
Hong Kong legal changes win captive audience
Recent legislative changes in Hong Kong have set out the government's "determination" to promote the city state as a hub for captive insurance, according to law firm Howse Williams Bowers.
Tropical storm Arthur set to graze Florida
The first named storm of the Atlantic hurricane season will brush the Florida coastline later today, before strengthening near the end of the week.