News
AIA secures bond investment
AIA's first debt offering to refinance an unsecured credit facility following the acquisition of ING Malaysia is well received by the market.
New India launches online service
The internet service from New India Assurance will allow personal policyholders to track claims, link policies and make renewals, in addition to allowing new customers to take out insurance.
Miller raids rivals to grow French reinsurance team
Miller has hired three senior reinsurance brokers in a bid to increase its foothold in the French market.
Fraudulent claim handlers jailed
Two fraudsters responsible for handling ‘thousands’ of fictitious or inflated personal injury and credit hire claims have been sentenced to jail.
Aegis London recruits Aon broker for energy practice
Lloyd’s insurer Aegis London has swooped to recruit an Aon energy broker to serve as an energy exploration and production property underwriter.
Slovenian watchdog suspends voting rights in Zavarovalnica Triglav
Slovenia's Securities Market Agency yesterday suspended the voting rights of several state-owned shareholders in insurer Zavarovalnica Triglav, until they launch a takeover bid or divest their shares.
French insurers paid an extra €9bn in taxes in the last three years
French insurers have seen a steep increase in the amount of tax they pay in the last three years and the trend looks set to continue.
CII appoints new chair of claims faculty board
The Chartered Insurance Institute has appointed David Bonehill as the new chairman of the claims faculty board.
Advocacy key to cutting advertising cost say marketers
Advertising amounts to additional costs that consumers should not have to pay through their insurance premiums, according to Digital Animal finance product director Nigel Godfrey.
Mass challenges insurers to keep their promises
Craig Budsworth, chair of the Motor Accident Solicitors Society, has said the question around the reduction of legal costs is "no longer relevant" and called insurers to keep their promises of lower premiums.
Turkish GI growth set to continue
Turkish non-life insurers are set to benefit from government initiatives and increasing demand from younger generations, according to a comment published today by Fitch.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days
Keelan Westall aims to increase e-trading brokers by a third
Keelan Westall aims to increase the number of brokers trading on its e-trading platform from the current level of 400 to 600 by the end of the year.
JLT increases revenue by 7% and unveils new transformation programme
JLT increased revenue to £880.1m in 2012 with 7% coming from organic growth and 1% through acquisitions. This was offset by 1% foreign exchange movements compared to 2011.
Ombudsman: PPI claims reach 2000 a day
Payment protection insurance claims multiplied almost two and a half times in the second half of 2012 according to figures from the Financial Ombudsman Service.
Jakarta braces for more floods
Emergency authorities in Jakarta are preparing for more flooding as water reached very high levels at a major dam.
FSKTN urges action on gender diversity
The Financial Services Knowledge Transfer Network has called for the implementation of new measures to tackle the gender inequality among top companies.
Willis announces regional CEO succession plans
Willis has appointed its construction, property and casualty chief executive as the new regional head for central and eastern Europe, Middle East and Africa.
Fraudulent burglary claims rise in Q4
The final quarter of the year saw the most fraudulent insurance claims according to VFM services, with the largest portion coming from fraudsters claiming multiple items.
Amlin returns to profit after £141m Sandy claims
Amlin has posted a pre-tax profit of £262.2m for the year ending 31 December, swinging into profit after a £193m loss in 2011.
China aims for 7.5% GDP growth in 2013
7.5% target reflects slowing economy but supports five year plan set in 2011.
Willis promotes Wemyss as Pickering exits
Tony Wemyss will become broker Willis's regional CEO of the group's Central and Eastern Europe, Middle East and Africa operations from 1 April.
ABI: young driver proposals could cut premiums by 20%
Teenagers' annual motor premiums could be cut by up to 15% if the government adopts proposals to improve young driver safety, according to the Association of British Insurers.