Africa
Aon: Threat of political unrest equal to terrorism
Political violence, strikes, riots, civil war and war now threaten businesses' growth, continuity and profitability as much as terrorism, according to Aon Risk Solutions.
Property claims: Marsh admits to 'red flag' concerns
Insurance broker Marsh warned that policyholders are still failing to buy sufficient indemnity periods as part of their business interruption cover.
Energy insurance remains favourable despite natural catastrophes
Despite an unprecedented number of recent natural catastrophes, conditions remain favourable for most energy insurance buyers, according to Marsh.
Energy insurance remains favourable despite natural catastrophes
Despite an unprecedented number of recent natural catastrophes, conditions remain favourable for most energy insurance buyers, according to Marsh.
Post history - 30 years ago: Insurers face £10m bill for Salem loss
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 30 years ago reveals.
Roundtable - Cloud computing: head in the clouds
The term 'cloud computing' is very much in vogue. Post gathered together technology and insurance industry experts to debate whether the industry is ready to seize the opportunities it can offer. Amy Ellis reports.
JLT granted South Africa license
Jardine Lloyd Thompson Group has confirmed that its South African business has been awarded a license to operate by the Financial Services Board.
Willis: sufficient coverage harder to retain in politically volatile regions
A report from Willis has revealed that companies operating in politically volatile regions of the world may soon struggle to retain sufficient insurance coverage to protect their assets and staff.
Marine piracy at all time high, with Somalia leading hot spot in Q1 2011
Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, the International Chamber of Commerce International Maritime Bureau’s global piracy report revealed today.
Beazley revises MENA outlook to negative
Insurer Beazley has revised its outlook on the Middle East and North Africa to negative following the civil unrest in the region.
Willis consolidates international units
Insurance broker Willis has merged its Asia Pacific and Middle East and Africa units naming Roger Wilkinson as the chairman and chief executive of the new entity.
MDS launches Herco Portugal
Iberian and Latin American insurance broker MDS has launched a new international risk management business.
MDS launches Herco Portugal
Iberian and Latin American insurance broker MDS has launched a new international risk management business.
Kidnap & ransom policy rise likely in Middle East
Insurers will see an uptake of kidnap & ransom policies that contain repatriation costs if the civil unrest in the Middle East and North Africa continues, Chubb has claimed.
Hiscox targets political unrest for opportunities
Hiscox is looking for underwriting opportunities arising from the political unrest in the Middle East and North Africa.
New rating factors needed after European gender ban – Insurance News Now – 2 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including what the ECJ’s ruling that a person’s gender can no longer be used to calculate insurance premiums or annuity rates will mean for insurers.
Solvency II - Equivalence: The cost of regulation to cross-border trading
The regulatory costs associated with cross-border trading have long been a burden on international insurers, but things may be improving explains Nick Lowe.
Middle East policies may face court challenges
Commercial insurance policies that exclude political risk are likely to come under scrutiny by courts in the Middle East, following civil unrest in the region.
Shipping body softens stance on private anti-pirate armies
The International Union of Marine Insurance has welcomed the announcement by the International Chamber of Shipping that it is now taking a more neutral position on the use of private armed security personnel on board ships to protect them from pirates.
UK regulation needs tailoring for Takaful
UK insurance regulation needs to be tailored to meet the needs of Islamic financial services products if Takaful insurance is to succeed in the UK, a director of the Central Bank of Bahrain has claimed.
Interview - Marshall King: RFIB plans for the future
Softly spoken Marshall King has a track record worth shouting about. Lynn Rouse finds out about his plans to make sure everybody hears about broker RFIB.
US insurers 'irritated' by equivalency scheme
Some US-based insurers find plans to align more closely with their European counterparts under the Solvency II equivalency scheme 'irritating'.
French loss adjuster forms alliance with Crawford
Crawford & Company is to service claims outside France on behalf of TEXA customers after joining forces with the French loss adjuster.
Aon Benfield: Australian floods could cost $20bn
Aon Benfield has released its monthly Cat Recap report, predicting that devastating floods in Australia could impact insurers to the tune of $20bn US dollars.