MS Amlin
Mitsui Sumitomo to acquire 26% stake in New York Life
Japan's largest casualty insurer plans to acquire a 26% stake in Max New York Life Insurance Co to expand its business in the Indian insurance market.
Japanese insurers' revenues rise after surge in quake policies
Japan's five major insurance companies experienced year-on-year increases in premium revenue during the 2011 fiscal year, according to Japanese publication The Daily Yomiuri.
Japanese delegation visits Cunningham Lindsey for lesson in fraud detection
Cunningham Lindsey's Investigation Services recently hosted a visit from Japanese insurance industry representatives at the company's National Investigation Centre in Manchester.
Police pay out, but insurers raise questions over BI cover and riot locations
Insurers are starting to receive payments from the police for losses incurred from last summer's riots, but one has called for improvement in the Riot (Damages) Act to cover business interruption losses.
Sony warehouse fire not caused by rioters, police say
Insurers' claims for the Sony warehouse building burnt down during the riots was rejected because it was not caused by people "riotously and tumultuously assembled", the police have said.
Police reject insurers' £80m riot claim
The Metropolitan Police Authority has turned down insurers' £80m claim for the Sony Warehouse building burnt down during last summer's riots, Post has learnt.
European sovereign debt hits insurer profits
2011 was the worst year on record for natural catastrophes, yet it was cracks in the Dow Jones, faults in the FTSE and tremors on the Hange Seng that bothered many insurers more.
Market moves: UK General and Towergate lead the pack
Insurer UK General and broker Towergate were the main movers and shakers this week, appointing a new chief operating officer and director of group mergers and acquisitions respectively.
Quake policy uptake in Japan increases 17.5%
Analysts have noted a surge in the uptake of quake policies in Japan following the Tohoku earthquake last year.
Mitsui Sumitomo expands construction team with Burgess hire
Lloyd's insurer Mitsui Sumitomo said it has strengthened its commitment to the UK construction market by appointing Adrian Burgess as underwriter.
Mitsui Sumitomo strengthens construction arm with Burgess appointment
Mitsui Sumitomo at Lloyd's has strengthened its commitment to the UK construction market by appointing Adrian Burgess as underwriter.
Lloyd's quartet back Asian terrorism insurance consortium
Xin Consortium, a new insurance vehicle specialising in a Asian terrorism insurance, has been launched in Singapore.
Amlin chairman retires after £194m loss
Amlin has posted a pre-tax loss of £193.8m (2010: profit of £259.2m) and announced that Roger Taylor is to retire as chairman following the 2012 AGM. Richard Davey will succeed him.
Insurers to pay for Accident Exchange retrials
Major insurers that do not reach a settlement with Accident Exchange could end up paying millions of pounds in legal costs.
Career development: LMA names apprenticeship winners
Lloyd’s Market Association has named the winners of its second Lloyd’s Market Academy apprenticeship programme.
Amlin estimates $50m-$70m in Thai floods claims
Lloyd’s (re)insurer Amlin said today it expects property and casualty reinsurance claims for the Thai floods to be in the range of $50m to $70m (€53m), net of reinsurance recoveries.
Amlin reports renewal rates up 4% in 2012
Amlin has written total income to date of £746.4m in 2012, net of brokerage - a 19.2% increase on the prior year.
Lone ranger Northcourt to provide capacity for growing nuclear risk
A coverholder which claims to be the first conventional insurer to bring capacity to the market that is not a mutual or part of a pool is to take advantage of growing demand from the eastern bloc.
JLT Specialty plans three further regional offices in 2012
Bosses at JLT Specialty have vowed to open at least three more regional offices this year, in a bid to strengthen relationships with corporate clients across the UK.
Market moves: The busy world of broking
As January draws to a close, the past week has been a busy time in the world of insurance broking. Aon Benfield, Willis and Marsh all welcomed new chief executives, while Towergate, UIB and Prime Professions also made moves for new staff. However, it was…
Montpelier Re and Mitsui stay quiet on Hardy bids
Bermudan-based reinsurer Montpelier Re and Lloyd’s insurer Mitsui Sumitomo have refused to comment on rumours that they will bid on troubled Lloyd’s insurer Hardy.
Market moves: Insurers and consultants up the pace
As the insurance sector settles into 2012 its activity in the recruitment space has gathered momentum. Insurers had a busy week, with Markel, Mitsui Sumitomo and Royal Bank of Scotland Insurance bringing in fresh faces. Brokers, meanwhile, had another…
View from the top: Lessons from the East
Catastrophes in Japan showed the resilience and strength of the industry, says Andrew McKee.
Post Intelligence Benchmarking: Marine & Transport Insight Report 2011
Based on comprehensive input from 104 British Isles Marine & Transport broking professionals, the Marine & Transport Insurers Insight Report 2011 details the front-line service performance of the broker market's 13 most-used M&T insurers.