News
Cross-border acquisitions drive demand for transactional risk insurance
Global demand for transactional risk insurance grew by 41% last year as firms turned to insurance to protect large deals and cross-border acquisitions and sales, according to Marsh.
Lancashire names Redhead as capital management boss
Bermuda-based insurer and reinsurer Lancashire Holdings has named Darren Redhead as head of it’s capital management division.
RBS to reduce DLG stake to 49%
Royal Bank of Scotland is to place a second tranche of Direct Line Group shares on the stock market via an accelerated book build.
Insurance Insight launches Claims Club Asia
Post's sister title Insurance Insight has launched the Claims Club Asia to support claims professionals across Asia.
China cautious over financial super-regulator
Chinese officials have yet to decide whether to create a new regulator overseeing the insurance, banking and securities sectors.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
PZU linked with Poland's EMC
Polish insurer PZU has been touted as a possible suitor for Polish hospital group EMC Instytut Medyczny.
FSA to ask for disclosure of claims data
The Financial Services Authority has published a discussion paper into transparency and effective disclosure as tools to improve accountability and build consumers’ trust.
FTT ruling triggers 20% tax implications for brokers
Networks that enable broker members to gain access to better terms with larger insurers must charge full UK VAT at 20%, the First-tier Tribunal ruled yesterday.
FSA to review insurers’ use of private investigators
The Financial Services Authority has confirmed it has started a review into the use of private investigators by insurance firms.
Axa sees PMI membership rise in 2012
Axa grew its private medical insurance membership base by 11% in 2012.
McManus charged with driving forward business as Giles takes up US role
Giles Insurance executive chairman Chris Giles is to become non-executive directive of Expectrum, the holding company of Giles Insurance and Ink Underwriting.
Insurance Insight launches Claims Club Asia
Insurance Insight has launched the Claims Club Asia to support claims professionals across Asia.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Markel raids QBE for professional and financial risks MD
James Hastings has been appointed managing director of Markel’s professional and financial risks division.
HIB reaps rewards of Acturis IT tie up
Independent firm Henderson Insurance Brokers has reported business benefits including higher volumes of e-traded business and improved internal efficiencies, after going live on the Acturis system.
Chartis Hong Kong rebrands
Chartis Hong Kong has rebranded to AIG Hong Kong in line with other rebrands across the global insurer.
PPI mis-selling creates ‘thousands’ of new jobs
At least 20 000 jobs have been created to deal with processing mis-sold payment protection insurance, according to research by employment group Manpower.
AIG shareholders win class-action status in lawsuit against the government
An American judge granted class-action status to two groups of AIG shareholders in a $25bn (£16.7bn) lawsuit by former chief executive Maurice “Hank” Greenberg over alleged losses arising from the bailout the insurer received from the US government,…
Two-thirds Canopius’ GWP growth from Omega book
Canopius executive chairman Michael Watson has told Post that two thirds of the £76m improvement in gross written premium to £692m for 2012 was contributed by the integration of newly acquired Omega.
Munich Re expects €3bn profit in 2013
Reinsurer Munich Re is expecting profits of €3bn for 2013 compared to €3.2bn in 2012.
Claims Conference Asia 2013
On 7 March, claims professionals from across the world met in Hong Kong at Insurance Insight's inaugural Claims Conference Asia to hear industry experts talk about the hot topics of the year.
Drought frequency has doubled in two decades, says Munich Re
According to Munich Re, droughts have become far more common in recent years.
Bangladesh encourages foreign investment
Bangladesh is to allow unlimited foreign investment in shares of insurance companies.