Insurer
Simple economic capital models could avert financial crisis
The insurance industry needs more dynamic economic capital models if it is to avoid suffering some of the problems exposed during the financial crisis four years ago.
Sheilas' Wheels unveils gender-neutral pricing strategy
Female-focused car insurer Sheilas' Wheels has outlined its plans to implement the European Gender Directive, which comes into force on 21 December.
Allianz Legal Protection extends BMW affinity deal to motorcycle brand
Allianz Legal Protection has become the legal expenses provider for BMW’s motorcycle brand BMW Motorrad, in an affinity arrangement through specialist motorcycle broker Devitt Insurance Services.
RK Harrison unveils professional indemnity cover for art sector
R K Harrison Insurance Services has developed a professional indemnity insurance policy for art market professionals.
Homeowners expose themselves to unpaid claims, report finds
Almost 60% of homeowners still expect their insurer to pay out for any weather-related damage to their home, no matter what its state of repair, Axa's winter claims research has revealed.
Groupama parent downgrade "irrelevant" to UK insurer
Groupama Insurances's chief executive has said that a revision of the security rating of its France-based parent Groupama Group has "no relevance" on the UK insurance operation.
Autonet welcomes new motor dealer to affiliate network
Van insurance broker Autonet has unveiled a new affiliate partner collaboration in a deal that will see Perrys Group join the firm's networking scheme.
DLG shares attract surge in interest
Stockbrokers have reported a surge in interest in Direct Line Group shares ahead of its flotation tomorrow.
Quindell acquires software provider Metaskil
Outsourcing firm Quindell has this morning confirmed the acquisition of Metaskil, a specialist solutions provider to the insurance industry.
Global insurance federation vows advocacy role
Thirty-one insurance associations representing 87% of the worldwide insurance business formally established the Global Federation of Insurance Associations today.
Manulife Maylaysia appoints new CEO
Manulife Insurance Berhad (Manulife Malaysia) has appointed George Chew as chief executive.
Torrance backs clarity over burglar confrontation
Chris Grayling, pictured, plans to change the law to ensure householders who "over-react" when confronted by burglars will not face prosecution.
Indian FDI progresses, but hurdles remain
Insurers hailing the Indian cabinet's approval of a bill raising the foreign direct investment limit in insurers to 49% may be celebrating prematurely, as opposition parties could still block the bill's passage through parliament.
Italy's GI sector weathers major changes
Legislative changes, industry consolidation and on-going economic difficulties are changing the landscape of Italy's general insurance market, according to AM Best.
FATCA approach provides certainty, says Guernsey Finance
Guernsey Finance has welcomed the announcement from the island's government that it is seeking to negotiate a partnership agreement with the US to implement the Foreign Account Tax Compliance Act.
Barclays acquires ING Direct UK
Dutch bank and insurer ING has sold its UK savings and mortgage business to Barclays, generating an expected loss after tax of €320m.
Gerlach joins Uniqa's Romanian board
The Romanian subsidiary of Uniqa, Uniqa Asigurari de Viataum, has appointed Wolf-Christoph Gerlach to the new position of chief operating officer.
Large power industry claims on upward annual curve, says Marsh
The number of claims above $25m (£15.6m) emanating from the global power industry continues to rise annually, according to a Marsh report published today.
Chinese market must target sustainable growth
After a period of rapid expansion, the Chinese insurance market must adjust for sustainable and healthy growth, according to a report by AM Best.
Renewable energy would generate growth, says RSA
Steve Kingshott, RSA's global director of construction, engineering and renewable energy, has called on the government to step up investment in renewable energy, arguing that it has a "critical role" to play in economic recovery.
UK non-life run-off market hit by "decade of decline", says KPMG
KPMG said in its 10th UK run-off survey that the size of the UK's non-life run off market is nearly 25% down over 10 years, while the active market has more than doubled.
Lodestar Marine picks up $400m in Lloyd's capacity
P&I underwriter Lodestar Marine has agreed a second capacity deal, more than quadrupling its available funds.
W R Berkley hands AML additional underwriting capacity
Managing general agent AML Underwriting has secured additional underwriting capacity from W R Berkley Insurance Europe and now plans to boost its broker base.
Cage begins work as CUO for Travelers Europe
Rob Cage has taken up the role of chief underwriting officer for Travelers in Europe, after joining from Chubb Europe, where he was active underwriter of Chubb's syndicate.