Insurer
Sandy loss "comfortably" within budget, says Hannover Re
Losses arising from Superstorm Sandy are within Hannover Re's major loss budget for 2012 after the firm estimated a €261m net burden of loss from last October's storm.
Scope Technologies joins Amaguiz to launch telematics service
Technology provider Scope Technologies has joined forces with Groupama subsidiary Amaguiz to provide pay-as-you drive insurance for French consumers.
Premium Credit appoints new markets head
Premium Credit has recruited Capita's general insurance finance director as head of new markets.
Aon Benfield warns insurers to consider severe space weather events
Aon Benfield has advised the insurance industry to consider the potential ramifications of a severe space weather event, as solar and geomagnetic activity is predicted to peak in the next 12 months.
Markel recruits from Beazley for claims head
Specialist insurer Markel has named Beazley’s Hannah Purves as its new claims director.
Solar storms could generate trillions in economic losses, warns Aon Benfield
Solar and geomagnetic activity will reach a peak in 2013, according to reinsurance broker Aon Benfield, putting power distribution, telecommunications and satellite navigation at risk.
AIG files Maiden Lane lawsuit
Insurer AIG has launched a lawsuit against the Maiden Lane vehicle set up by the Federal Reserve Bank of New York to bail out the firm in 2008.
Indian general insurers look overseas
New India Assurance, United India Insurance, Oriental Insurance and National Insurance want overseas growth.
Aviva and CIMB sell joint venture in Malaysia
A bid for Aviva's five year-old joint venture with Malaysian bank CIMB has been accepted.
China Taiping Insurance Holdings considers life insurance purchase
China Taiping Insurance Holdings is considering buying another 25% stake in Taiping Life Insurance from its parent company China Taiping Insurance Group.
Aviva inks Tesco Bank motor cover agreement
Aviva has signed a three-year deal to become Tesco Bank's fifth private motor insurance provider.
PIA appoints ex-Brit boss Grant eight months after Dual exit
Professional Insurance Agents has confirmed the appointment of Tim Grant as interim chief operating officer.
Aston Scott acquires RSA subsidiary Fyfe
Independent broker Aston Scott has moved to acquire the brand and business of RSA subsidiary Fyfe Group.
Crash for cash gang guilty of orchestrating fatal collision
Five men have been found guilty for their part in a 'crash for cash' collision in which an innocent motorist was killed.
Thai buyer "has the necessary resources" to buy Ping An stake
Charoen Pokphand Group has refuted suggestions in the media that a lack of funds is threatening to scupper its acquisition of HSBC’s stake in Chinese insurer Ping An.
Wildfires wreak havoc in Australia
Insured losses from wildfires in Tasmania are currently estimated at just under £35m, an Insurance Council of Australia spokesman has said.
Flightsurance bought by 2e Systems
Travel insurance start-up Flightsurance has been acquired by 2e Systems, a technology provider for the travel industry with offices in London and Frankfurt, for an undisclosed fee.
Motor tax to hit French policyholders
French policyholders will bear the brunt of a new motor premium tax according to consultancy Fiscal Reps.
Ironshore adds Calnan to international offshore energy team
Ironshore Europe has appointed Paul Calnan to lead its international offshore energy expansion.
Venezuelan economic crisis could increase expropriations
The chances of nationalisation of major private assets in Venezuela are increasing as an economic crisis in the country looms according to risk analysts.
Axa Assistance selected by Admiral to provide new forms of cover
Axa Assistance UK has secured a contract to provide Admiral with its first home emergency and legal expenses covers as part of the insurer’s new household insurance product offerings.
Hastings Direct creates 200 new roles on the South Coast
Bexhill-based broker Hastings Direct will create 200 new posts on the South Coast over the coming 12 months, as part of ambitious new expansion plans.
R&Q completes £500k Hickson deal
Randall & Quilter has completed its £525 000 acquisition of the entire issued share capital of Isle of Man-domiciled captive insurer Hickson Insurance.
Japanese car premiums set to rise
Premiums for compulsory automobile liability insurance to rise from April in Japan.