News
Cyber attack readiness on the rise says QBE
Over two-thirds of UK businesses have plans in place for combating cyber crime and data breaches according to QBE.
Outlook for reinsurers challenging, says Willis Re
$35bn of capital flowing into the reinsurance industry is helping keep reinsurance renewal prices low says Willis Re in its latest report.
Marsh launches charities' D&O cover for Singapore
Global broker Marsh is now providing a directors and officers' liability policy for charities including religious organisations.
Global insurer body calls for more foreign investment in India
The Global Federation of Insurance Associations is encouraging the Indian government to take steps to open up the insurance market further.
Cause of bird flu deaths in China unknown
Two people have died in Shanghai of H7N9, a strain of avian influenza virus, with another woman critically ill.
April Fool's: Pet-gender to have no bearing on insurance premiums
Fear not animal lovers, the gender of your beloved pooches and kittys will not impact the cost of their insurance.
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Cheap pet insurance under threat by EU Gender Ban after Austrian test case
Four months after gender was banned as a factor in setting premiums for motor insurance, Post understands its remit could soon be extended to impact pet owners.
Diversity could result in economic benefits for insurers
Insurers can reap economic benefits by creating diversity-friendly office environments, according to new lesbian, gay, bisexual & transgender insurance network, Link.
Hyperion boss eyes further growth in Asia
Hyperion Group hopes the expertise of new shareholder General Atlantic will provide a springboard for further growth in emerging Asian markets, according to its chief executive officer.
Jackson reforms call for new approach around legal costs
Insurance market needs to take a more innovative approach to ensure adequate protection is still on offer following the introduction of the Jackson reforms, First Assist Legal Protection said.
Munich Re to develop geothermal exploration insurance in Turkey
Munich Re and The World Bank’s International Financial Corporation have agreed to develop geothermal exploration risk insurance in Turkey.
Cega signs quartet of Q1 partnership deals
Medical assistance provider Cega inked deals with four new clients, including Aviva, in the first three months of 2013.
Cornish Mutual profit exceeds £2m
Truro-based insurer Cornish Mutual has reported a 9% increase in gross written premium to £19.2m (2011: £17.6m) in the full-year to September 2012.
New regulator reveals 12-strong board
The 12 new members of the Financial Conduct Authority board have been named ahead of the new twin-peak regulatory system taking over from the Financial Services Authority on 1 April.
Allianz “not chasing top line growth” with Turkey acquisition
Allianz is confident it can write profitable property and casualty business in the Turkey following its acquisition of Yapi Kredi Sigorta.
Bluefin names Boden as non-exec chairman
Axa-owned broker Bluefin has replaced outgoing chairman Ian Brimecome with its non-executive director George Boden.
RSA renews Tesco Bank pet cover deal
RSA has put pen to paper on a deal to retain its role as the sole provider of Tesco Bank’s pet insurance.
Hyperion boss eyes further growth in Asia as GA comes aboard
Hyperion chief executive David Howden is hoping investment and expertise available at new shareholder General Atlantic will provide his firm with a springboard for further growth in emerging Asian markets.
Hiscox Bermuda adds to American catastrophe team
Hiscox Bermuda has expanded its American catastrophe team with the addition of Bill Lazzaro.
Financial stress takes toll on Italian insurers
Pressure on premium income in Italy is likely to continue throughout 2013 as the deep recession and austerity measures in Italy squeeze households' disposable income, according to Fitch.
BP Marsh eyes new investments after Hyperion sale
BP Marsh will reinvest the £29.2m obtained from the sale of 80% of its Hyperion stake in new or existing ventures.
Lesbian, gay, bisexual & transgender insurance network launched
Two hundred insurance professionals attended last night's launch of the Lesbian, Gay, Bisexual and Transgender Insurance Network known as Link.
Earthquake insurance premiums to rise 15% in Japan
The Non-Life Insurance Rating Organisation of Japan has recommended to raise average earthquake premiums for buildings by 15.5% in July 2014.