Insurer
Aviva CFO Regan to join QBE in Australia
Aviva’s chief financial officer Pat Regan is leaving the group to join QBE as its CFO in Sydney, Australia.
EY identifies 'rapid-growth' markets for insurers
According to EY's latest report, China, Mexico, Indonesia, Thailand and Columbia will provide insurers with long-term growth opportunities.
China's insurers double profits
In 2013, China's insurers more than doubled profits last year to 99.1bn yuan ($16.4bn). Total profits grew by 112.5%, according to the China Insurance Regulatory Commission.
Sliding motor premiums to halt soon, says AA
Continued falls in motor insurance premiums will like cease in the near future according to the AA.
Lancashire venture Kinesis commences underwriting
Lancashire Holdings subsidiary Kinesis Capital Management has underwritten its first tranche of reinsurance business for Kinesis Re with limits in excess of $250m (£151m).
Flood Re will cover domestic properties, ABI says
The Association of British Insurers has responded to claims from the property sector that Flood Re will exclude millions of homes by confirming the scheme will cover domestic properties regardless of whether they are freehold or leasehold.
RSA opens Leicester trading site
RSA opened its eleventh trading site today, in Leicester, where commercial brokers will be able to trade locally with underwriters.
Admiral guarantees premium discounts for users of new app
Admiral teamed up with telematics provider Wunelli to launch its ‘AppyDriver’ smartphone app in a bid to reward safer driving with discounted premiums.
FM Global’s Batten gets global services role
FM Global has appointed Nicholas Batten as vice president manager of global services at the company’s US headquarters.
JLT’s Thistle Insurance makes six appointments
Thistle Insurance Services has made six appointments looking to brokers Oval, Towergate and Giles for its new recruits.
Novae energy team growing with Payne
Lloyd’s insurer Novae has appointed Marsh’s former senior vice president of offshore construction to bolster its energy business.
Kiln appoints Richter to German surety role
Kiln has appointed Werner Richter as regional head of credit, surety and special risk in Germany.
Property industry predicts millions will be excluded from Flood Re
Property industry leaders and the Council of Mortgage Lenders have said exclusions to Flood Re will leave millions of homes without access to flood insurance despite assurances from the Association of British Insurers that no more than 10 000 properties…
Passporting insurers must assess value of rating says Gibraltarian commission
Gibraltar based-passporting insurers will have to consider the value of having a credit rating if the Solicitor's Regulation Authority introduces a minimum standard for qualifying insurers, according to Michael Oliver, head of insurance supervision at…
Allianz seeking €1.2bn asset deal with Italian insurer
Italian insurer Unipol Gruppo Finanziario is considering a proposal from Allianz to buy €1.2bn (£987m) of insurance assets.
Gable Holdings signs £10m delegated agreement with Aon
Insurer Gable Holdings has entered a £10m delegated underwriting agreement with Aon.
Brokers get behind SRA plan to ban unrated firms from writing solicitors’ PI
Critics argue plan is ‘misconceived’ and would put ‘upward pressure on rates’.
CII targets retail as insurance giants fail to meet Aldermanbury standard
Aviva and DLG among those that failed to meet the terms of the declaration.
Co-op ‘gets out of jail’ with refinancing deal to avoid selling GI business
Mutual was unlikely to find an acceptable value for unit.
Medical panels debate heats up as both sides angle for places in working group
Possible £5000 limit and funding by insurers among issues up for discussion.
SMEs told to wake up to cyber threat amid concerns over low cover uptake
Government planning to endorse common standard for cyber security by March.
Regulation: Hong Kong's challenge
Hong Kong’s insurance industry is facing a period of regulatory upheaval as the government looks to place the city on a level playing field with other financial centres around the world writes Nicky Burridge.
Swiss Re Corporate Solutions appoints head of EMEA
Swiss Re Corporate Solutions, has appointed Tony Buckle as head of its Europe, Middle East and Africa operations
AIG eyes 20% growth in Malaysian travel insurance market
AIG Malaysia is expecting to see a 20% growth in travel insurance each year.