Insurer
US P&C losses climb to $38.6bn
AM Best has released its estimates for catastrophe-related losses experienced by the US property & casualty industry through the first nine months of 2011, which show that losses so far have nearly doubled total year-end 2010 losses.
Munich Re receives funding from German ministry for climate change initiative
Munich Re has teamed up with the Caribbean Catastrophe Risk Insurance Facility and specialist microinsurance broker Micro Ensure to develop insurance solutions developing countries vulnerable to climate change.
Aviva falls foul of broadcasting code
Broadcasting regulator Ofcom has ruled that Aviva's sponsorship of ITV's hit drama Downton Abbey strays too close to being advertising.
RK Harrison completes MWA acquisition
RK Harrison Group has completed the acquisition of specialist high net worth broker Mercury West Associates following due diligence and the approval of the transaction from the Financial Services Authority.
XL and Aon launch e-accounting system
The insurance segment of XL Group has launched an e-accounting system with broker Aon.
NIG names three in SME push
Broker-only commercial insurer NIG has appointed area business development managers at its regional headquarters in Bristol, Maidstone and Watford.
IUA calls for market solution to green risks
Market-driven solutions to environmental liability risks should take precedence over possible EU-enforced compulsory financial requirements, the International Underwriting Association has argued.
Slingsby returns to RSA as director of Global speciality lines
Former RSA executive Steve Slingsby is returning to the insurer as programme director for global speciality lines, after a two-year stint at rival QBE.
Challenges lie ahead for China's insurance market
The Chinese insurance market’s share of world insurance premiums has grown from 1% to 4% in the space of a decade, but with rapid growth come new challenges, according to an Aon Benfield report.
Slingsby rejoins RSA after QBE role
RSA has named former QBE UK and Europe head of operations Steve Slingsby as global programme director for global specialty lines.
Insurers cannot rely on internal models
Two-thirds of insurers aim to use independent experts to validate market risk assumptions in internal models, according to a survey from Towers Watson.
Control Risks warns of political instability
Businesses face worldwide risks from political instability and economic uncertainty from governments and from below by social protest and increasing scrutiny of corporate practices, Control Risks has warned.
Legal and tax issues top Airmic worries
Global economic and political uncertainty has had little impact on global insurance programmes, the second annual Airmic casualty benchmarking survey has found.
DAS continues to provide legal expenses for Sterling
DAS has extended its contract to provide Sterling Insurance customers with legal expenses cover.
Accident Exchange success as spot rate cases appeal granted
Accident Exchange is claiming success after claimants in four credit hire spot rates cases were granted permission to appeal.
Lloyd's insurers to see popstar Michael Jackson papers
Lloyd’s insurers for Michael Jackson’s ‘this is it’ London tour can study the popstar’s medical records.
OFT accepts insurer commitment to limit data exchange
The OFT has accepted formal commitments from six insurance companies and two IT software and service providers to limit the data they exchange between them.
An audience with: Julian James, CII president
Next year sees the Chartered Insurance Institute celebrate the centenary of its being granted a Royal Charter. But far from sitting back and reflecting on past glories, the CII is determined to use its anniversary year to tackle the big issues set to…
Allianz targets profit with overhaul of property business
Allianz Deutschland AG is restructuring its German property insurance segment, with the aim of returning the business to growth and profit long term.
Bluefin's network appoints Ageas to home panel
Bluefin Broker Partnership Services (BBPS) has appointed Ageas to its panel of preferred home insurance providers.
Hurricane season to cost $5bn
It is estimated that the 2011 Atlantic hurricane season will cost in the region of U$5bn, according to Risk Management Solutions.
QBE MD resigns following restructure plans
QBE’s managing director of distribution Terry Whittaker has resigned after a year in the role.
Harmonising insurance guarantee schemes across Europe
Harmonisation of insurance guarantee schemes is a topic that has been debated for some time but European Commissions direction on it due next year Sam Barrett looks at how this could work in practice.
China poll result
Will China be the next supply chain disaster?