News
United India Insurance targets rural retail growth
The United India Insurance chairman and managing director wants to increase premiums to 10bn rupees ($1.84bn) by the end of the fiscal year.
Novae seeks insight into the future of insurance
Novae Group has launched its first industry survey into the future of the insurance industry.
Zurich and Generali linked with Spain's "bad bank"
Italy’s Generali and Switzerland’s Zurich will invest in a Spanish bank set up by the government to manage toxic property assets, according to Reuters.
RTA Portal's protocols, forms and rules to be decided in March
The Ministry of Justice has confirmed the meeting to decide on the final form of the protocols, forms and rules will take place on 8 March 2013.
Crash for cash fraudsters jailed over fatal collision
Three men who orchestrated a crash for cash scheme that led to the death of an innocent motorist have been jailed.
AIG hires EMEA large limits exec
AIG has appointed Sami Sayegh as large limits executive, property for Europe, Middle East and Africa.
Bruce returns to market with RSA role
Cathie Bruce has joined RSA as distribution manager, four months after leaving UK General where she was managing director of commercial insurance for just under a year.
UK General backs Chinese restaurant insurance scheme
UK General has set up a scheme with Sunderland-based broker Newton Lee to provide insurance cover to the Chinese restaurant and takeaway sector.
Ace's Clabby to deliver keynote at ISE 2013
Insurance Insight has confirmed the first speakers for its 2013 Insurance Strategy Europe conference.
Bluefin signs software deal with CDL for Leeds hub
Bluefin appointed insurance software provider CDL for its personal lines platform in Leeds.
Flood-ravaged 2012 leaves insurers picking up £1.19bn bill
The Association of British Insurers has heaped praise on firms for their part in helping more than 1300 UK customers a day deal with the disruption caused by the second wettest year on record.
Willis deputy chairman to step down
Willis Group’s deputy chairman Martin Sullivan will leave the firm in May 2013 to pursue other interests.
BGL swoops for RSA compliance boss
BGL group has announced that RSA’s head of UK regulatory risk and compliance is to join the insurance group to head up compliance.
Lewis calls for rate action after Zurich commercial lines manages 6% rise in 2012
Zurich general insurance chief executive Stephen Lewis has defended his firm's "sound underlying core" performance after operating profit fell by 46% in 2012.
Willis deputy chairman Sullivan exits
Willis Group’s deputy chairman and global solutions chief executive Martin Sullivan is to depart the broker in May.
Russian meteor explosion injures 250
The explosion of a meteor above the Ural mountains in central Russia has left 250 people injured, three seriously, according to reports.
7-Elevens to sell insurance in Thailand
Insurance with a maximum value of 1 000 baht will be sold at 7-Elevens across Thailand.
Three bids for major Turkish insurance business
Allianz, Dai-ichi Life and Zurich are in the process of making bids for Yapi Kredi Sigorta, the insurance arm of Yapi Kredi Bank in Turkey, according to senior banking sources.
India to insure oil refineries that trade with Iran
Despite western sanctions on Iran, the Indian government will step in to make sure its oil refineries have sufficient insurance so they continue refining crude oil imported from Iran.
Bahrain a "gateway" to Gulf region
A failure to aggressively market itself has hindered Bahrain’s growth as a global insurance sector, according to Kamal bin Ahmed Mohammed, head of the country’s economic development board.
Bahrain woos international players with new takaful model
Bahrain’s insurance regulator hopes new regulations will make Bahrain the jurisdiction of choice for takaful and retakaful globally.
New CPR will benefit insurers
The Civil Procedures Rules update announced by the Ministry of Justice will provide “massive savings” for insurers, according to the Motor Accident Solicitors Society.
Markerstudy backs HNW start-up
Markerstudy is backing a new motor high-net-worth managing general agent by providing 100% of its capacity as well as a bespoke claims service, and logistical and advisory support.
CNC conducted ‘incomplete economic analysis’ of cartel insurers
Improper economic analysis by Spain’s competition commission led it to wrongly find eight insurers guilty of price fixing, according to legal experts.