News
Leaked memo outlines hundreds of planned job cuts at Aviva
Aviva has unleashed its next wave of job cuts, two months after the insurer revealed it was to axe 2000 roles globally.
This week's Asia highlights
The top five Asian highlights of the week.
Markel eyes trade credit opportunities in Asia
William Stovin, president of Markel International, has commented that his company sees significant opportunities to grow its trade credit book from Mumbai to Singapore.
Microinsurance becoming very popular in the Philippines
The number of microinsurance policies in the Philippines has almost doubled since the end of 2010 according to the Department of Finance.
World Bank cuts growth forecasts
The World Bank has cut its economic growth forecasts for China and the world.
Insurance industry is Europe's largest institutional investor study finds
The European insurance industry is the region's largest institutional investor, according to a study published by Insurance Europe this week.
CII welcomes Eiopa's focus on professional standards
The Chartered Insurance Institute has welcomed increased focus on general insurance professional standards within the European Union level.
NIG launches hub for top e-trading brokers
Commercial insurer NIG has launched The Hub Extra, a range of exclusive services, resources and dedicated support from NIG’s First Club and largest e-trade broker partners.
BGL CEO Winslow denies ABS move is linked to avoiding referral fees
BGL boss Peter Winslow has denied its acquisition of Minster Law is linked to avoiding the referral fee ban imposed by the Legal Aid, Sentencing and Punishment of Offenders Act.
Gibraltar finance exec insists it has no reputational issues after recent failures
The regulation of Gibraltar’s insurance sector is “strong and robust” according to Mike Ashton, senior executive in the government's finance department.
Axa Assistance adds misfuelling cover to its motor breakdown offering
Axa Assistance UK has extended its trading partnership with Insurance Choice by adding misfuelling insurance as part of an enhanced motor breakdown service for its motor insurance portfolio.
Former Carole Nash director unveils Girls Drive Better telematics
Former Carole Nash commercial director Simon Jackson has pulled back the curtain on a new telematics offering focusing on 17-25 female drivers.
Towergate hands Willis UK president role as Paymentshield director
Towergate has appointed Willis UK president Brendan McCafferty as commercial director at Paymentshield.
Disaster model released for German floods
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a scenario model for the recent German floods.
Regulators increasingly penalising cybercrime victims, says Ace
Corporate victims of cyber-crime are increasingly coming under government scrutiny, according to Iain Ainslie, cyber liability underwriter at Ace Group.
Aviva receives ratings downgrade as outlook remains stable
Moody's has downgraded Aviva’s main operating units' insurance financial strength rating to ‘A1’ from ‘Aa3’.
Gibraltar "not complacent” about insurer collapses
The regulation of Gibraltar’s insurance sector is “strong and robust” according to Mike Ashton, senior executive in the government's finance department.
Airmic 2013: Insurers should be less reactive says QBE's Chandler
Insurers must be more proactive in seeking to procure multinational business, according to Barbara Chandler, head of multinational at QBE.
No restrictions on Mecca pilgrimage despite coronavirus
The World Health Organisation is advising pilgrims to wear a mask at Mecca during Ramadan, but the Saudi Arabian government has no travel restrictions in place.
SAP rolls out IFRS4 accounting software
SAP has launched an integrated finance and risk software application to help insurers with the upcoming accounting standards for insurance contracts, International Financial Reporting Standards 4, and Solvency II.
Sompo Japan expands presence in Brazil
Japanese general insurer Sompo Japan has raised its stake in Sao Paulo-based Maritima Seguros to 87% from 50% through its subsidiary Yasuda Seguros.
EU moves step closer to US-style class actions
The European Commission has said Europe is not heading for US-style class action lawsuits, despite recommending the establishment of collective redress mechanisms in European Union member states.
Airmic 2013: British risk managers urged to engage with Ferma
Airmic members should work more closely with the Federation of European Risk Managers, board member Julia Graham said today.
Post Audio Supplement - 13 June 2013
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