Prudential
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Website review: NFU Mutual
Poor performance on 4 December affects insurer's average scores.
Review of the Year: Health Insurance - Cause for optimism
Despite torrid economic conditions for the insurance industry during 2012, the health market continues to prove that innovation and fighting spirit still allow for growth.
Non-life premiums in Vietnam reach VND17tn in first nine months
Non-life insurers in Vietnam achieved premiums of more than VND17tn in the first nine months of 2012, up 11.3% from the same period last year.
Keating starts UK General MD role
Mike Keating has completed his return to the industry, starting his new role as commercial managing director at UK General Insurance.
Website review: Common errors plague Prudential
Compuware tested Prudential's web performance from 18 August to 20 September, using its Gomez performance benchmark.
NHBC names Mike Quinton as CEO
Mike Quinton has been appointed chief executive of the National House Building Council.
Aviva sets bid deadline for Malaysian unit
British insurer Aviva and Malaysian bank CIMB Group Bhd have set a 29 October deadline for suitors to place binding bids to buy their Malaysian insurance joint venture, in a deal worth at least $500m, according to Reuters.
Former Prudential director joins Direct Line
Priscilla Vacassin has been appointed as a non-executive director of Direct Line Group.
MAS says reforms could mean capital hike for insurers
The Monetary Authority of Singapore has admitted that some insurers may need to hold more capital under the risk-based capital system currently being devised.
Post Blog: Before they were famous
Great actors, fast food entrepreneurs and Olympians all have to start somewhere – sometimes even in the insurance industry.
Pru Singapore offers wealthy clients 'highest' critical illness pay out
Prudential Singapore, the wholly-owned subsidiary of UK-based insurance group Prudential, has launched a critical illness product targeted at affluent individuals.
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
Prudential CEO to become ABI chairman
Tidjane Thiam has been appointed chairman of the Association of British Insurers with effect from 3 July.
AIRMIC 2012: Risk managers want outcomes-based policies
Risk managers want policies based on outcomes not perils, according to Prudential's group insurance risk manager Helen Hayden.
Solvency II detractors told to end futile griping
European insurers should stop complaining about the impending regulatory overhaul as they have had ample time to make preparations, according to Old Mutual finance director Phillip Broadley.
Redomiciling still an option for dissatisfied Prudential
Prudential may still relocate outside the European Union as its lobbying campaign to alter Solvency II rules has failed to make a breakthrough thus far, according to Reuters.
Redomiciling: London calling as tax changes make the UK more attractive
Will a reduction in corporation tax and changes to the Controlled Foreign Companies regime make the UK a more attractive place to domicile?
IT systems make Asian acquisitions an attractive option for insurers
Flexible and efficient IT systems are essential for insurers aiming to bolster Asian operations through acquisitions, according to IT consultancy Northdoor.
Prudential considers Thai bank's insurance book
British insurer Prudential is considering bidding for the insurance business of Thailand's Thanachart Bank, according to Reuters.
European insurers win ground in Solvency II debate
European Union insurers could be spared the full impact of solvency rules owing to a last-minute agreement on Thursday between senior lawmakers.
Solvency II unlikely to spark wave of relocations, says Fitch
Solvency II is unlikely to lead to a wave of European insurers moving their headquarters out of Europe as a result of concerns about third-country equivalence, particularly for the US, ratings agency Fitch has claimed.
Solvency II will not spark relocation, says Fitch
Solvency II is unlikely to lead to a wave of European insurers moving their headquarters out of Europe because of third-country equivalency concerns, Fitch Ratings has said.