News
Collinson Insurance partners with Avanti
Collinson Insurance Group has been selected as new partner for travel insurance solutions by Avanti Insurance.
CMS appoints new insurance partner
CMS Cameron McKenna has appointed Simon Kilgour as reinsurance partner in a bid to strengthen its insurance and reinsurance group.
Axa to invest €10bn in infrastructure debt
France-based insurer Axa plans to invest €10bn in the infrastructure debt market over the next five years as part of its credit diversification strategy.
HBC Vehicle Services completes MBO from founder Terry Holding
The management team at HBC Vehicle Services has successfully completed a management buyout of the business from founder Terry Holding.
Turkey unrest may not be covered under terrorism policies warns Willis
The on-going unrest in Turkey is leading businesses to consider their insurance options, but selecting the right kind of cover is crucial, according to Andrew van den Born, executive director in Willis’ political and trade credit risks division.
Talanx expects under €250m losses from European floods
German insurance giant Talanx has estimated its net loss from flood claims in Germany and neighboring countries at less than €250m.
Balva told to appoint liquidator following FCMC investigation
Latvia’s Financial and Capital Markets Commission has withdrawn all operating licences for insurer Balva and issued a winding up order for the Riga-based firm.
Balva ordered to wind up operations by regulator
Latvia’s Financial and Capital Markets Commission has withdrawn all operating licences for insurer Balva and issued a winding up order for the Riga-based firm.
Prettejohn to leave Brit
Brit Insurance’s non-executive director Nicholas Prettejohn will retire from the company’s board at the end of June, following his appointment as non-executive director of the Prudential Regulation Authority.
RSA renews Motability deal with six-month pricing clause
RSA has renewed largest commercial lines contract, having secured the option to re-price policies every six months.
Piracy on the rise in West Africa
Piracy attacks on the West African coast are now more frequent than Somali piracy, a report by the International Maritime Bureau and other organisations said.
Capita's Andrew Beer passes away
Andrew Beer, managing director of Capita Insurance Services’ corporate division, has passed away.
Allianz's UK CEO in US move
Andrew Torrance is to take over as chief executive of Allianz’s US-based Fireman’s Fund Insurance Company after a decade as CEO of Allianz UK.
Indian insurers trial telematics
A box which monitors driver's behaviour to help adjust premiums is being trialled by several insurers in India.
Directors and officers' premiums soar in China
The costs of obtaining directors' and officers' insurance has soared thanks to a rising number of multi-million dollar lawsuits.
50 killed in India after unusual heavy June rain
50 people have been killed in strong early monsoon rains in India after the monsoon season started two weeks early.
Dutch insurance association rues "missed opportunity" on flood cover
The Dutch Association of Insurers has issued a stark warning on flood cover, after the Consumer & Market authority declared its proposed flood solution "violated competition law".
Competition watchdog says Dutch flood proposals are anti-competitive
The Netherlands’ Consumer & Market Authority has delivered a blow to plans to make flood coverage mandatory from January 2014, saying the proposals violate competition law.
Allianz CEO Torrance to move to US role
Andrew Torrance is to take over as chief executive of Allianz’s US-based Fireman’s Fund Insurance Company after a decade as CEO of Allianz UK.
Ex-RBSI claims trio targets insurance industry with advisory firm
A group of senior claims professionals have joined forces to target the insurance sector with the aim of helping firms navigate the raft of new legislation that is reshaping the industry.
RSA and Ageas sign bilateral agreement
RSA and Ageas Insurance have signed a bilateral agreement in a move aimed at tackling motor insurance claims costs.
Hannover Re flood loss may exceed €100m
German reinsurer Hannover Re said today its net loss from the recent flooding in Central Europe could exceed €100m.
Eiopa report is key milestone in Solvency II implementation says PwC
The publication of Eiopa’s long-term guarantee report could pave the way for political agreement on Solvency II, according to PwC.
Cunningham Lindsey client director joins McLarens
McLarens has appointed David Walker as executive director. He joins the firm from Cunningham Lindsey where he held the position of client director.