Europe
ProSight Specialty Underwriters appoints non-exec director
Lloyd's coverholder ProSight Specialty Underwriters has appointed Peter Goddard as a non-executive director with immediate effect.
P&I Club anticipates "most expensive year" for International Group pool
The London P&I Club’s result for the 2012/2013 financial year was a surplus across all classes of $9.4m, increasing the free reserve to $154m.
IRDA report paves way for banks to become brokers
A report on broking regulations by India’s Insurance Regulatory and Development Association has said banks will be allowed to become brokers, but that those wishing to do so may have to have a segregated broking arm.
Solvency II still needed says S&P
The proposed Solvency II regulatory framework is still needed, despite the frustration caused by delays in implementation, according to Standard and Poor’s.
Marine: Tidal waves
Still reeling from recent huge losses, marine insurers cannot increase rates due to over-capacity – but is the outlook for the sector as negative as it seems?
Top 5 European stories
The top five stories from www.insuranceinsight.com over the past seven days.
Beazley swoops for Hiscox's tech & data head
Lloyd’s insurer Beazley has hired Matthew Norris to join its European small business team.
Fatal air balloon crash in Turkey leaves two dead
A crash involving two hot air balloons in Turkey on Monday left two dead and 23 injured.
Allianz achieves record revenue in Q1
Allianz achieved total revenues of €32bn in the first quarter of 2013 the highest quarterly total revenues in its history, and an increase of 6.6% on the first quarter of 2012.
RSA on the hook for Genoa ship loss
RSA is on the hull cover for The Jolly Nero, the Messina Line ship that crashed into a port tower in Genoa, Italy last month, Insurance Insight can reveal.
View from the Top: Testing times for supply chains
The horse meat scandal has demonstrated the complexity of modern day supply chains, and the inherent risks within them.
Hannover Re to reinsure energy savings warranties
Hannover Re has joined with KlimaProtect to develop an energy savings warranty insurance product for industrial enterprises in Germany.
BibaFever Episode Three: Man Versus Biba – the ultimate conference food challenge
As the British Insurance Brokers’ Association (Biba) conference at the Excel Arena wraps up, Insurance Age and Post have teamed up with LV to bring you the definitive online coverage of the event with the video series #BIBAFever.
Biba 2013: Brokers urged to put multinational programmes ‘on the table’
Brokers need to put multinational programmes “on the table” when speaking with clients about their insurance options, according to Stephen Morton, vice-president of the multinational centre of excellence at AIG.
ABI agrees UK flood cover extension
The Association of British Insurers today confirmed to the government that they will continue to voluntarily meet their commitments to offering flood insurance for an extra month after the Statement of Principles expires on 30 June.
Biba 2013: Day one of BibaFever at Excel Arena
As the British Insurance Brokers’ Association (Biba) conference at the Excel Arena in London kicks off, Insurance Age and Post have teamed up with LV to bring you the definitive online coverage of the event with the video series #BIBAFever.
Biba 2013: FCA boss promises to take hard line on problem products
Industry players have been warned to “get their houses in order” by Financial Conduct Authority chief executive Martin Wheatley, who has vowed to deal with potential problems with financial products before they take root.
Biba 2013: Insurers weigh up Biba risk transfer model
The British Insurance Brokers' Association is working with Deloitte and DAC Beachcroft on proposals to safeguard risk transfer for brokers, according to chief executive Steve White.
Post Magazine - 16 May 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Aviva offshores 600 jobs to India
The UK union Unite has accused Aviva of betraying its UK workforce by offshoring hundreds of back office life insurance processing jobs to India.
Civil unrest growing in Asia
Aon's 10th annual political and terrorism risk map shows an increase of protests and unrest in Asia.
Top five European news stories
The top five news stories from www.insuranceinsight.com
View from the Top: The slow pace of regulation
Only consistent and uniform implementation across the entire continent will bring benefits.
Ace raids Zurich to launch Italian surety practice
Ace Group has hired Zurich's Italian head of surety, Edoardo Saachi, to grow its surety capabilities in Italy.