News
Ping An profits rise 22% in Q1
China's second largest insurer Ping An registered a profit increase of 22% in the first quarter of 2013.
$30.5bn spent on insurance takeovers in Asia last year
According to data analysts S&P Capital IQ, there was $30.5bn spent on insurance company takeovers in Asia last year.
Indonesian flood scheme fails
Insurance companies have been forced to drop a scheme for simplified premium rates for property protection against flooding following a complaint from the Business Competition Supervisory Commission.
Plumeri's replacement at Willis announced
Broking giant Willis has announced that Jim McCann will succeed Joe Plumeri as non-executive chairman following Plumeri’s retirement in July this year.
XL moves Spanish office
XL Group is moving its insurance team in Catalonia to a larger office on Barcelona’s Paseo de Gracia avenue to accommodate its growing operation in the region.
Willis announces chairman to succeed Plumeri
Broking giant Willis has announced that Jim McCann will succeed Joe Plumeri as non-executive chairman following Plumeri’s retirement in July this year.
S&P upgrades MMA following Covea restructure
Standard and Poor has upgraded its insurer financial strength rating and counterparty credit rating on MMA-AM from 'A-' to 'A'.
RPC unveils gender diversity initiative
Law firm PRC has launched a new scheme to help increase the number of women on the boards of UK insurance firms.
Ince & Co promotes German lawyer to partner
Sami Chowdhury has been made a partner at insurance specialists Ince & Co in Hamburg.
Tysers plots LLP move for talent retention
Independent Lloyd’s broker Tysers is to move to a limited liability partnership in a bid to attract and retain talent.
Questgates' Hall named institute president
Birmingham Insurance Institute has appointed Questgates managing director Chris Hall Hall as its new president.
Sterling teams with WR Berkley for on PI launch
Sterling Insurance Group is to enter into the professional indemnity market with the launch of new cover.
Asian highlights of the week
The leading news, features and opinion pieces of the week from Asia.
Hong Kong gears up for Solvency II style regime
The Office of the Commissioner of Insurance in Hong Kong has hired KPMG to help produce a framework for a risk-based capital regime by the end of 2013.
Insurance premium tax ruling bad for business and EU policy
A European court ruling on the way insurance premiums are taxed will burden insurers with increased costs and and undermine the EU's attempts to create a single market for insurance, according to law firm Pinsent Masons.
Primark to review building integrity following Bangladesh accident
Clothing retailer Primark has confirmed that one of its suppliers occupied space in the building which collapsed in Bangladesh on 24 April.
Covéa uncovers Dudley driver's false claim
An Audi driver from Dudley who made a four-figure insurance claim for a fictitious crash has been ordered to undertake 120 hours unpaid work.
HNW motor insurer to target ‘super-younger’ demographic
Aqueduct Underwriting’s high net worth and specialist motor product Aurum has noted a gradual but significant demographic shift to ‘super-younger’ drivers in spite of the continuing economic hiatus in the UK.
XL promotes Vinkenfluegel to global field engineering leader
XL Group has promoted Martin Vinkenfluegel to lead its global asset protection services field engineering team.
Axa launches tradesman policy on Power Place
Axa Commercial Lines has launched its tradesman and professional policy on Power Place.
Admiral profitability 'under pressure'
Admiral’s “unprofitable foreign growth” does not compensate for the “fast-declining” UK profitability, according to a scathing analysts report.
Collinson to seal Aria deal in three months
The Collinson Group director David Evans has said the firm's plan to acquire Aria Assistance stretch back as far as Aria's management buyout from Europ Assistance last year.
CII report highlights insurers' role in protecting public interest
The general insurance sector has made major strides to improve its role in protecting the public interest, according to a new report by the Chartered Insurance Institute.
Ageas appoints Broughton to group board
Ageas has appointed Steve Broughton as a non-executive member of its group board of directors for a three-year period, subject to approval by the National Bank of Belgium.