United Kingdom (UK)
AIA wins race to buy Aviva's Sri Lanka insurance arm
British insurer Aviva has accepted a bid from AIA group subsidiary, American International Assurance Company, for its 58.44% interest in Aviva NDB Holdings Lanka for £31m.
Kennedys in Dublin recruits Hugh Kennedy
Litigation and dispute resolution specialist Kennedys has appointed Hugh Kennedy as a partner in its Dublin office.
Tysers P&I report predicts market hardening
Rates for protection and indemnity cover could harden by 10% at the next renewal, according to the 2012 P&I Clubs report published by Lloyd's broker Tysers today.
Mondial to trade under Allianz brand
Mondial Assistance UK is changing its trading name to Allianz Global Assistance, aligning the brand with parent the Allianz Group.
Aria Assistance promises service difference following MBO
Aria Assistance has officially launched itself in the insurance and assistance marketplace, following the management buyout of Europ Assistance UK and Ireland.
Milliman and EagleEye target European insurers
Actuarial firm Milliman and insurance technology provider EagleEye Analytics are expanding to offer products for the European market.
Bacon leaves Bowring Marsh
Marsh has appointed Andrew Chester as chief executive of Bowring Marsh, the firm's specialist international placement broking division.
Chinese economic policy threatens country's SMEs
Efforts by China's government to stimulate the country's flagging economy could weaken small to medium sized businesses, causing a wave of payment defaults, according to Coface.
Novae Re appoints new senior management team
Novae Group has reorganised the key management team in its reinsurance division, Novae Re, in Zurich and London, following a number of departures earlier in the summer.
GAB Robins hires former Cunningham Lindsey adjuster
GAB Robins have today announced the appointment of Maggie Cowing to the newly created position of head of major and complex loss.
Direct Line confirms staff cuts
Direct Line Group could make up to 891 staff redundant as part a plan to claw back £110m gross annual costs by 2014, the firm's chief executive said today.
Bourgeois appointed Coface MD for UK and Ireland
Frédéric Bourgeois has been appointed managing director of Coface in the UK and Ireland as Xavier Denecker retires.
UK P&I Club restructures ahead of Solvency II
The UK P&I Club has reorganised its structure to establish UK Europe as the sole provider of direct insurance business to UK Club Members.
Bartlett opens Australian office
Lloyd's broker Bartlett & Company has opened and office in Sydney, Australia, to serve clients with businesses in the region.
Bupa posts 22% fall in US and European profit
Global health insurer Bupa posted a 5% increase in revenues to £4.1bn and a 3% increase in pre-tax profits to £255.3m for the first six months of 2012.
Ace looks to strengthen travel business with internal promotions
Ace Group has made three changes to the travel team serving EMEA as the firm continues to build business across the region.
Italian quakes and UK floods hit RSA's H1 result
RSA continues to expect overseas operations to be 70% of group premiums by 2015, following strong performances in its international segments in the first half.
Liberty Mutual launches risk management tool for policyholders
Liberty Mutual Insurance has launched a risk management website to provide best practice risk engineering guidance to commercial policyholders.
Guernsey may foot the bill for £2.6m payment scam
Guernsey's government may be unable to recover £2.6m after falling victim to a payment fraud, according to the island's deputy chief minister.
Brit improves H1 COR to 93.3%
Brit Group posted a combined ratio of 93.3% for the first sixth months of 2012, down from 104.8% for the first half of 2011, reflecting benign cat activity during the period.
Former Clyde partner launches new law firm
David Coupe, a former partner at Clyde & Co and Ince & Co, has launched EC3 Legal, a new City law firm focused on representing the intermediated insurance market.
RSA expects £35m hit from Italian quakes
RSA expects a net loss of £35m from the two earthquakes in Italy's Emilia-Romagna region in May, the general insurer said today.
UK MGA Association celebrates as RSA joins
Global insurer RSA has become the latest member of the Managing General Agents' Association, a non-profit organisation that represents UK MGAs.
UK faces ongoing flood risk after wettest April to June on record
Further flooding affected the UK during the weekend of 6 and 7 July following outbreaks of exceptionally heavy rainfall.