Insurer
No compensation for 3000 asbestos victims not included in new scheme
A new insurer-funded government compensation scheme for mesothelioma victims has been criticised for excluding sufferers of other asbestos-related diseases who might have received financial support under the shelved Employers’ Liability Insurance Bureau.
Music mogul recruits expert team for insurance industry ‘game-changer’
A music industry executive who signed rock band The Killers has set his sights on cornering the insurance market by using digital technology to sell and promote personal and commercial products through social media.
€1.7bn Quinn Insurance administration costs is 'shocking', says High Court president
Justice Nicholas Kearnes has described the €1.65bn administration costs for Quinn Insurance as "truly shocking".
Heath Lambert integration costs fail to halt Gallagher growth momentum
Arthur J Gallagher has chalked up a strong first half to the year, despite the continued Heath Lambert integration costing the business $3.3m (£2.1m) in H1 2012 - a $1.5m rise on the same period last year.
RSA recruits Cofunds boss for distribution role
RSA has confirmed that Cofunds head of commercial Russell Lancaster will join as distribution director for the UK commercial business in early September.
China Taiping exits NZ market amid rumours of reinsurance difficulties
China Taiping Insurance is withdrawing from the New Zealand market with immediate effect.
Insurance Europe 'disappointed' with IAIS over systemic risk methodology
Insurance Europe criticised the International Association of Insurance Supervisors' methodology for identifying systemically important insurers today in its response to a consultation paper by the IAIS.
IAIS methodology consultation sparks Insurance Europe 'regrets'
Insurance Europe has responded to the consultation by the International Association of Insurance Supervisors on its proposed methodology for identifying global systemically important insurers.
Aviva offloads east European life insurance units
British insurer Aviva has agreed to sell its east European life insurance businesses to US rival Metlife.
Xchanging operating profit hits £14m, but results fall below expectations
Insurance solutions provider Xchanging posted a statutory operating profit of £14m for the first six months of 2012, representing an increase of £10.8m on last year.
Garwyn oil and gas expert Baillie joins Argent Liability Adjusters
Argent Liability Adjusters has recruited Allan Baillie, Garwyn expert in the onshore and offshore oil and gas sector, to the firm's Glasgow office.
US P&C book supports HCC growth
HCC's gross written premium increased 7% to $1.5bn in the first six months of the year compared with $1.4bn in the first half of 2011.
MIB boss slams Arsenal striker for driving without insurance
The Motor Insurers' Bureau has warned drivers without insurance that there is nowhere to hide after Arsenal footballer Nicklas Bendtner was found guilty of the offence.
Insurers in bidding war for Air India's $8.6bn aviation policy
Three private non-life insurers have launched a consortium bid for Air India's $8.6bn aviation insurance policy, according to India's Financial Chronicle.
Indian health insurer targets private sector after losing government business
India's first standalone health insurer plans to raise Rs 100-150 crore of additional capital to drive the private retail segment following the loss of key business from two state governments, The Economic Times reported.
Insurance Europe pledges support for EU occupational systems study
Insurance Europe is backing plans by the European Insurance and Occupational Pensions Authority to carry out a thorough quantitative impact study on the review of the EU Institutions for Occupational Retirement Provision Directive.
Xchanging wins Tokio Millennium Re deal
Business process and technology services provider Xchanging has secured a contract to provide additional infrastructure services to global reinsurer Tokio Millennium Re (UK).
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Canopius primed for Bermuda departure amid Tower merger
Canopius will exit its existing Bermuda reinsurance operations after New York-listed Tower Group exercised its option to merge.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
RSA Ireland teams up with Xactware on home insurance
RSA Insurance Ireland has adopted Xactware's claims management and assignment network, Xactanalysis, for its home insurance supply chain.
FCA told to act 'swiftly' on consumer complaints
The Financial Services Consumer Panel has urged the forthcoming Financial Conduct Authority to respond quickly to widespread consumer detriment.
Aviva to recognise 'growing trend' by underwriting pet insurance
Aviva will underwrite its own pet insurance from tomorrow, in a move bosses claim recognises a growing trend among the UK's 15 million cat and dog owners.
RSA Ireland adopts Xactware tool to increase supply chain transparency
RSA Insurance Ireland is to use Xactware's claims management and assignment network in a bid to enhance transparency throughout its home insurance supply chain.