News
Ten Insurance gains chartered status and unveils new NED
Independent commercial brokering network Ten Insurance has been awarded chartered status by the Chartered Insurance Institute.
AIG tackles cyber risk via the ipad
AIG has launched an ipad CyberEdge product to help companies navigate through the challenges of cyber crime and data breaches.
Call for life insurance for Bangladesh factory workers
The Bangladesh Insurance Association wants to make it compulsory for factory owners in the garment industry to ensure their workers are covered for life insurance.
Impact Forecasting improves catastrophe modeling tools
Impact Forecasting, the catastrophe model developer at Aon Benfield, has launched a set of tools to help quantify uncertainties in catastrophe models across all natural disasters and countries.
AIG to invest $92.5m in PICC
AIG, a major shareholder of PICC, has announced the $92.5m (HK$718.1m) investment after PICC's Property & Casualty announced its intention to raise money through a rights issue.
Scots disproportionately affected by new flood plan
The Scottish Parliament has been challenged to secure a greater voice in the UK flood debate following concerns the Association of British Insurers' Flood Re model represents a raw deal for residents north of the border.
Aon Benfield launches cat model to quantify uncertainties
Reinsurance broker Aon Benfield has unveiled updated catastrophe tools to allow clients to better understand their exposures in spite of less complete information.
IRDA report paves way for banks to become brokers
A report on broking regulations by India’s Insurance Regulatory and Development Association has said banks will be allowed to become brokers, but that those wishing to do so may have to have a segregated broking arm.
Six foreign insurers granted China motor licenses
Six foreign insurers have been given licenses to operate in China’s compulsory motor market, twelve months after the market was first opened up to foreign insurers.
ABI welcomes government strategy to promote the UK insurance industry
The Association of British Insurers has welcomed Greg Clark’s, Financial Secretary to the Treasury, announcement of a dedicated insurance industry strategy to enhance the industry’s position as leader in global business.
Hastings weighing minority stake sale
Hastings Insurance Group is plotting the sale of a stake in the business, with management retaining "a significant shareholding".
Marks & Spencer and Post Office to discuss affinity insurance at Post event
Marks & Spencer and The Post Office have joined the speaker roll for the upcoming Affinity 2013 event.
Solvency II still needed says S&P
The proposed Solvency II regulatory framework is still needed, despite the frustration caused by delays in implementation, according to Standard and Poor’s.
Top 5 European stories
The top five stories from www.insuranceinsight.com over the past seven days.
Swinton Commercial eyes growth with the creation of new role
Swinton Commercial has appointed Alastair Denness to the newly created role of national business development manager. The firm said this role is part of the company’s future growth strategy.
Beazley swoops for Hiscox's tech & data head
Lloyd’s insurer Beazley has hired Matthew Norris to join its European small business team.
Mass calls on legal industry to fight legal changes
The Motor Accident Solicitors Society has called on solicitors to keep fighting further change and report any problems in the new legal system.
Ex-BGL director joins Towergate
Towergate Insurance has appointed Derek Henry as group carrier relationship director.
PICC plans 5.8bn yuan rights offer to boost capital
Chinese insurer PICC Property & Casualty has signaled its intention to raise 5.8bn yuan ($944m) in a rights offer in China and Hong Kong.
Brunel expands wholesale PI broking business
Brunel Professional Risks has expanded its wholesale professional indemnity insurance broking arm to handle rapidly growing demand from brokers across the UK.
Apac climate report highlights typhoons, droughts and air pollution
The Guy Carpenter Asia-Pacific Climate Impact Centre today released its annual report focusing on typhoon activity, the seasonal prediction of extreme droughts and floods, and the impact of local air pollution on climate.
Tornado slams Oklahoma suburbs
A devastating tornado has killed more than 50 people after tearing through suburbs of Oklahoma City.
Aspen recruits Ecclesiastical planning director for regional leadership
Aspen Risk Management has swooped to recruit Ecclesiastical’s planning and change director Paul Lee to head up its business in the North of England.
Culture rather than strategy to blame for business failings, IRM Forum told
Risk professionals have been warned that the culture within an organisation is more important to business success than a strategic focus.