News
Ferma 2013: Beazley wants to be 'complimentary not competitive' in Europe
Beazley wants to secure more European business but does not want to be competing with the local market on traditional classes, according to Beazley’s head of broker relations David Price.
Michael Jackson concert promoter cleared in negligence case
A Los Angeles jury has decided concert promoter AEG Live did not act negligently in hiring the doctor responsible for caring for Michael Jackson ahead of his concert tour in 2009.
86 charged in welsh ‘crash for cash’ investigation
An operation by Gwent Police in Wales has resulted 86 people being charged with offences such as conspiracy to defraud, conspiracy to steal motor vehicles and conspiracy to money launder.
Ferma 2013: AIG aims to differentiate through global risk appetite
Risk managers increasingly need an insurer with the ability to manage a global programme, according to Emmanuel Brulé, president of commercial insurance EMEA at AIG.
'Clear deadline' on Solvency II welcomed by consultants
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
Consultants welcome 'clear deadline' on Solvency II
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
McLarens MD Smart to target emerging European markets
Loss adjuster McLarens is eyeing opportunities in growing European economies, following the promotion of Graham Smart to the newly-created role of European managing director.
Apil slams 'misconception' fuelled meso proposals
The Association of Personal Injury Lawyers has accused the consultation paper on mesothelioma of being “based on a number of misconceptions about how mesothelioma claims are carried out in practice”.
Bolloré resigns as Generali vice-chairman
French billionaire Vincent Bolloré has resigned from his role as Generali vice-chairman in order to spend more time working at Paris-based conglomerate Vivendi.
Allied World snaps up Markel's aviation renewal rights
Allied World Europe has reached an agreed with Markel International to acquire the renewal rights to a book of aviation business written by Lloyd’s Syndicate 1400 and Markel Europe.
Insurance Fraud Awards 2013: Winners announced
Growing once again in popularity, the fifth annual Insurance Fraud Awards received a record number of entries, reflecting the industry's on-going determination to stamp out insurance fraud across the UK.
Ex-Ferma president Luzzi bags senior Herco Global role
Jorge Luzzi has been appointed executive president of Herco Global, the risk management company and part of insurance broking group MDS.
Dual CEO 'proud' of panel strength after renewing FL binders
Dual has completed the renewal of the company’s main global financial lines binders with its existing carrier panel.
Athene acquires Aviva USA for £1.7bn
Aviva has completed the sale of its US life and annuities business Aviva USA to Athene Holding.
Aviva completes £1.7bn sale of US business to Athene
Aviva has completed the sale of its US life and annuities business Aviva USA to Athene Holding.
Axa's Carruthers 'semi-retirement' move confirmed
Max Carruthers will depart his role as Axa commercial lines and personal intermediary chief operating officer by the end of 2013, the insurer has confirmed.
Hong Kong welcomes young UK reinsurance professionals
The Future Insurance Leaders in Hong Kong group, in partnership with the Insurance Institute of Hong Kong, hosted the 'The U35 Reinsurance Group' from the UK for a knowledge sharing forum and networking event on 23 September in central Hong Kong.
Insurers' data confirms GI underwriting profit down in Hong Kong last year
In Hong Kong, the overall underwriting profit of general insurance business decreased from HK$2.6bn in 2011 to HK$2bn in 2012, mainly due to adverse claims experience according to the Office of the Commissioner of Insurance.
Obama cancels Asia trip
Following the shutdown of the US government, President Obama has been forced to cancel his trip to Asia.
APC snaps up Vision Underwriting renewal rights
Underwriting agency APC has acquired the renewal rights to the Vision Underwriting book of commercial business.
EU delays Solvency II application date to 2016
The European Union has announced a final delay to the application date to Solvency II to January 2016, pushing back the legislation by two years.
EU pushes Solvency II start to 2016
The European Union has announced a final delay to the Solvency II application date to January 2016, pushing back the legislation by two years.
ING Insurance to rebrand as NN following IPO
ING Insurance will re-brand as NN after completing its initial public offering.
350% increase in UK M&A deal values
The value of UK insurance merger and acquisition deals rose by more than 350% to €1.5bn (£1.2bn) in the first half of 2013 from €344.6m in 2012, PWC has reported.