Insurer
Chartis offers debt recovery service
Chartis has joined forces with STA International to provide trade credit policyholders a service to accelerate debt recovery, reduce shortfalls in cash flow and minimise business disruption.
Ageas buys Groupama for £116m
Ageas UK has acquired Groupama Insurance Company for £116m in a deal that it has claimed propels it to the UK’s 4th private motor insurer with an 11.7% share of the market.
Itochu partners with Honda to offer motorcycle cover in Vietnam
Siam Cosmos Services is to offer insurance services to Honda Vietnam motorcycle owners through wholly owned insurance agent Cosmos Services (Vietnam).
Indian regulator issues guidelines for general insurance IPOs
General insurance companies planning to tap the capital market for funds must have been in business for at least 10 years and will have to seek prior approval from the regulator, India's Insurance Regulatory and Development Authority said in draft…
Collinson agrees Ancile Insurance travel cover deal
Collinson Insurance Group is to provide underwriting capacity for Ancile Insurance's retail travel insurance business.
'Super cedants' force reinsurers into caution
Consolidation among insurers means that catastrophe reinsurers could be more exposed to shocks on exposures, according to a study published today.
Third-party motor penetration reaches 90% in Russia
Third-party motor liability gross premiums written by Russian insurers in 2011 reached RUB106bn (€2.61bn), a 15.2% increase on the year before, according to Russia's Motor Insurers' Association.
New XL office to serve mid-market France
XL Group has opened a new insurance office in Lyon to serve companies and broking houses in the south east of France.
Investing in China's insurance sector
China's regulators have begun relaxing the rules governing investments in the country's insurance industry. Norton Rose's Lynn Yang and Ai Tong discuss the impact of recent legislative changes on insurers and the wider financial sector.
An opportunity for better risk management and growth in India
As the Indian property and casualty market continues to evolve, Dr Vankayalapati Padmavathi explores how the market is now looking to develop solutions to cater for those who are exposed to catastrophic risks, but are too poor to afford insurance.
Talanx in shock IPO turnaround
German insurance giant Talanx has made the unprecedented move of committing to an initial public offering barely seven days after saying it had cancelled the planned listing due to market sentiment.
Insurance Europe welcomes Solvency II impact assesment
Insurance Europe has welcomed news that the European Union will undertake an impact assessment on measures to deal with long-term guarantee issues in Solvency II before finalising the Omnibus II text.
Talanx resumes £3bn IPO days after abandoning float
Talanx AG is to restart plans to launch an initial public offering on the Frankfurt Stock Exchange, scheduled for October.
Pru Health appoints client management boss
Nicky Pepper has been appointed to the newly created role of head of corporate client management at Pru Health.
Woodstock acquires Clear Insurance personal lines book
Endsleigh-owned broker Woodstock Insurance has purchased Clear Insurance Management's personal lines book of business.
Towergate appoints new non-executive director
Teresa Robson-Capps has been appointed to the board and audit committee of Towergate.
Direct Line Group banks to slash IPO charges
The banks co-ordinating the DLG flotation could charge less than normal in order to reinvigorate the market for initial public offerings.
Crawford wins RSA solus subsidence claims contract
RSA has appointed Crawford & Company to be the sole provider of subsidence claims handling services for a five-year term.
More SII delays "regrettable" but necessary
The European insurance and reinsurance federation, Insurance Europe, has welcomed a decision to finalise the impact assessment on measures to deal with long-term guarantee issues in Solvency II before finalising the Omnibus II text.
Penny Black's Insurance Week
Hi-tech romance
My Best XI Mark Colonnese, Aquarium Software
Mark Colonnese, sales and marketing director at Aquarium Software, has chosen an eclectic mix for his insurance start-up Best XI. Deciding against picking any industry experts for his company, Colonnese has opted for sports people, technological…
Periodical payment orders: Struggling with settlements
Periodical payment orders are being used to settle increasing numbers of serious personal injury claims, and their popularity is likely to continue. How can insurers cope with the challenges they present?
View from the top: Winning the war on fraud?
Despite notable successes, fraudsters continue to find new ways to pick insurers' pockets, says Laurent Matras.
Your say: Race to the bottom
Merlin's slide into administration raises a number of issues that our industry must address, says Martin Carway.