Asia
AJG International CEO Chilton defends retail credentials
New Arthur J Gallagher international CEO Grahame ‘Chily’ Chilton has hit back at claims he lacks retail experience in his first interview since assuming the role.
RSA sells holding in Indian insurer
RSA has sold its 26% stake in Indian insurer Royal Sundaram Alliance Insurance Company to Sundaram Finance, its joint venture partner.
Thailand's online distribution heats up
The insurance industry in Thailand is waking up to the benefits of digital distribution channels as the market bounces back to double-digit premium growth writes Nicky Burridge.
C-Suite: Taiwan lacking insurance provisions for food recall scandals
A senior Taiwanese broker argues that increasing fines is not enough to help Taiwan's food industry overcome several food recall scandals.
IAG's premiums and profits rise in Asia
Australasia giant is growing slowly but surely in Asia.
Brisbane hailstorm hurts IAG's first half profits
Catastrophes and reduced reserved releases contributed to IAG's 9.8% fall in profits in the first half of its financial year through 31 December.
Coface 2014 turnover grows 1.6%
Coface has reported a 1.6% increase in its turnover for the year ending 31 December 2014 to €1.4bn (£1bn).
Canterbury earthquakes could cost Lloyd's £2.8bn
Lloyd's has paid out NZ$4.2bn (£2bn) for the 2010 and 2011 Canterbury earthquakes in New Zealand and estimates a further payout of NZ$1.6bn.
Brit to operate on 'decentralised basis', says Fairfax CEO
Fairfax Finance CEO and chairman Prem Watsa has hailed Brit's "outstanding" 10 year track record Following the firm's 305p a share offer for the insurer.
Apollo and CVC accept Fairfax's £1.22bn Brit bid
Toronto-based Fairfax Financial has made an all cash offer for all the shares of specialist insurer Brit Insurance.
Steadfast buys underwriting agencies and broker from QBE
Australian insurance group Steadfast has bought two underwriting agencies and a broker from Australian giant QBE for A$290m (£147m).
Dutch group sells insurance arm to Chinese insurer
SNS Reaal, a troubled Dutch government owned bank and insurer, has agreed to sell its insurance arm to Anbang Insurance.
Snowball eyes next role after Suncorp
Patrick Snowball is ready for a new challenge after he leaves Suncorp later this year.
Fosun completes Ironshore stake acquisition
Chinese investment firm Fosun has become the largest shareholder in Bermuda based insurer Ironshore after completing the purchase of a 20% stake.
Zurich's Asia-Pacific GI COR climbed to 100.6% in 2014
2014 saw a higher amount of large individual losses for Zurich's general insurance business in the Asia-Pacific region than the previous year.
AIG's Q4 2014 profits fell 67%
US insurer AIG's Q4 after tax profits declined to $655m (£426m) compared to $1.98bn a year earlier as the insurer missed analysts expectations.
Zurich CEO "not satisfied" with group 2014 results
Zurich's pre-tax profit fell 1% last year to $4.64bn (£3.04bn) compared to $4.68bn in 2013.
Zurich's Asia-Pacific chairman Riddell to retire
Geoff Riddell, Zurich's Asia-Pacific chairman, will retire from the insurer after he manages a transition period for his successor.
Zurich's UK profits climbed 19.5% in 2014
Zurich's UK pre-tax general insurance profits climbed 19.5% to £171m last year from £143m in 2013.
Ace enhances premises pollution cover for Australia and New Zealand
Insurer Ace has enhanced its premises pollution liability policy for Australia and New Zealand.
Chinese broker given suspended death sentence
Chen Yi, former general manager at broker Shanghai Fanxin Insurance, has been given a suspended death sentence after being found guilty of mis-selling.
Suncorp's reinsurance "issue" could cost £60m
Australian financial services group Suncorp has been advised there is a potential issue with its recovery of catastrophe losses from its 2011 reinsurance programme.
Willis Q4 2014 net income grows 11.8% against full year drop
Willis Group has reported a net income for the 12 months ended 31 December 2014 of $362m (£237m), a decrease from its 2013 result of $365m.
Snowball gives no reason for Suncorp exit
Industry giant Patrick Snowball is set to leave Australian financial services group Suncorp where he is group CEO.