Insurer
Talbot appoints Warren CEO for MENA
Talbot Underwriting has appointed Matthew Warren as chief executive of Talbot Underwriting (MENA), formally known as Underwriting Risk Services (Middle East).
Liability insurance needed for China's food industry
A Chinese official has called for the piloting of mandatory liability insurance for the country's food and beverage industry.
Lorega snaps up Towergate regional executives
Lorega has boosted its regional broker business development team with two new regional executives from Towergate.
Poole-based broker Alan & Thomas snaps up aviation specialist
Alan & Thomas Insurance Group has acquired specialist aviation, SME and personal insurance broker Emery Little.
Quinn's UK losses rise to €1bn
The collapse of Quinn Insurance could leave Irish policyholders footing a bill for up to €1bn, more than €400m than the original estimate, according to the Irish Independent.
Irda supports state-backed health scheme
India's Insurance Regulatory and Development Authority has come out in favour of a government-backed health insurance scheme.
Bahrain leads the way in bancassurance
Bahrain is leading the way for the Middle East with bancassurance, according to the Bahrain Insurance Association.
Allianz backs Hartford's business plans
Allianz SE has endorsed Hartford Financial Services Group's plan to scale its business back.
Am Wins and New Mountain Capital complete $1.3bn partnership deal
Am Wins has today revealed a growth-oriented recapitalisation partnership with New Mountain Capital in a deal worth approximately $1.3bn (£820m).
Zurich relocates Dubai office
Zurich Insurance Group has relocated its Dubai General Insurance offices to accommodate growing operations in the United Arab Emirates and increase convenience for customers and partners.
Mitsui posts £12m profit
Mitsui Sumitomo holding company MSI Corporate Capital has reported a pre-tax profit of £11.99m, up from a £17.77m loss restated.
Onshore captives on the rise, says Marsh
Organisations are increasingly forming captives onshore in the European Union or United States, while the use of alternative captive structures is growing, especially among smaller organisations, according to Marsh.
David Hare to be actuaries' president-elect
The Council of the Institute and Faculty of Actuaries has elected Dr David Hare as president-elect.
XL aims for 'nimble' business with restructure of International casualty unit
XL Group has restructured its International Primary Casualty business into four teams to be more nimble.
India's domestic market faced restrictions at renewals
Despite positive results in the Indian domestic market, insurers faced problems similar to their Asian counterparts at the April 1 renewals, according to Guy Carpenter.
Energy insurers discriminating in favour of differentiated risks
The energy market recorded its worst ever year for non-windstorm losses in 2011 with close to $9bn in combined insured and uninsured total losses, according to Willis' Energy Market Review.
IAG continues Asian expansion with Vietnam acquistion
Insurance Australia Group has entered into a conditional agreement to acquire 30% of Vietnam-based AAA Assurance Corporation.
XL restructures international primary casualty business into four groups
The insurance segment of XL Group has reorganised its international primary casualty business, creating four teams built around underwriting tasks and account type.
QSTP signs deal with Italian FASI for preventative healthcare
Qatar Science and Technology Park has signed a memorandum of understanding with Italian insurer Fondo di Assistenza Sanitaria Integrativa.
GWP of global non-life insurance to reach $2,500bn by 2017
The global non-life insurance industry saw moderate growth during 2006-2011 and the growth momentum is expected to continue, reaching an estimated $2,500bn in 2017 with a CAGR of 4.2% over the next five years, according to Lucintel.
IFIC Forensics lands Clyde FC sponsorship deal
International Fire Investigators and Consultants has agreed a deal to sponsor Scottish football club Clyde FC.
Willis Re appoints Beedle CEO for Asia
Willis Re has appointed James Beedle as chief executive of its Asian operations.
PPOs present threat to motor insurers
The increase in Periodical Payment Orders will be credit negative for companies with significant personal injury claim exposures, most notably motor insurers and their reinsurers, Moody's Investors Service has warned.
Moody's: general insurance outlook stable
Rating agency Moody's has said the outlook for UK general insurance remains stable, driven primarily by adequate risk-adjusted pricing and Moody's expectation of modest rate increases in most lines of business.