Insurer
Novae investors relieved as reinsurance team is rebuilt
Novae's swift move to rebuild its reinsurance underwriting team in Zurich following the resignation of chief executive Gunter Saacke, chief underwriting officer Will Schuerch and a number of underwriters suggests that the company remains committed to…
Two storms take aim at China after hitting Taiwan
Typhoon Saola, the ninth typhoon of the Northwest Pacific storm season, made its first landfall early on Thursday morning local time in Hualien, Taiwan.
Aviva COR to surpass 99% following floods, claims analyst
Aviva's general insurance result is predicted to fall 5% year on year as a result of recent unseasonable UK weather.
DLG's £40m summer flood loss offset by reserve releases
Direct Line Group has reported home weather claims costs of £40m, conceding that losses were worse than expected but offset by "signficant" releases from reserves held against prior year claims across the portfolio.
Axa UK & Ireland COR rises above 100% in H1 after £36m flood hit
Axa UK & Ireland has reported that underlying earnings for the first six months of 2012 improved by 27% to £66m (H1 2011: £52m).
US tightens economic sanctions against Iran
The US Congress has passed a new package of economic sanctions against Iran, Reuters reported.
Vietnamese market poll
How attractive is the Vietnamese insurance market?
Chinese insurers pay out ¥900m in flood claims
Insurance companies in Beijing have paid out ¥900m ($142m) in compensation after the damage caused by the floods on 21 July, the China National Radio website reported.
LAS forms UK major loss team
LAS Claims is to create a UK-wide major loss team to spearhead business growth and enhance the range of services offered to insurer clients.
Indonesia's Asuransi Sinar Mas affirmed at 'AA+' by Fitch
Non-life insurer PT Asuransi Sinar Mas has had its national insurer financial strength rating affirmed at 'AA+'.
Insurers must act on Eiopa's Solvency II reporting guidelines
Guidelines released last month remove uncertainties surrounding Solvency II legislation, but, as David Foster reports, the reporting requirements remain demanding.
Brown: flood risk solution needed to end market inequality
RSA's chief executive for UK & Western Europe has called on the government to act quickly in announcing a replacement for the Statement of Principles to avoid further uncertainty for householders in flood risk areas.
JLT and Aviva team up on professional indemnity service
JLT Specialty has launched a two to three partner professional indemnity insurance service through an exclusive new arrangement with Aviva.
EC drops anti-trust probe into marine insurance agreements
An anti-trust inquiry by the European Union into marine insurance agreements among groups of ship owners has been dropped owing to a lack of conclusive evidence.
Generali board officially appoints Greco as group CEO
The board of directors of Assicurazioni Generali co-opted Mario Greco, and appointed him to the posts of group CEO and general manager of the company, at a meeting chaired by Gabriele Galateri di Genola.
Randall & Quilter to launch Lloyd's Syndicate 1991
Randall & Quilter Investment Holding's managing agent RQMA has been given approval "in principle" by the Lloyd’s Franchise Board to form Syndicate 1991.
Kwik-Fit finds Midas touch with panel appointment
Kwik-Fit Insurance has appointed Midas Underwriting to its home insurance panel.
Junction to use brand loyalty to improve quote accuracy
Affinity provider Junction is rolling out a new project that will use customer data held by its partner brands to provide more accurate insurance quotes.
Italian quakes and UK floods hit RSA's H1 result
RSA continues to expect overseas operations to be 70% of group premiums by 2015, following strong performances in its international segments in the first half.
Allianz, Generali and Munich Re dominate as European travel insurance market prospers
European markets for travel insurance and assistance continue to flourish with Allianz, Generali and Munich Re heading the market.
Generali sees profits boost from premiums outside Italy
Generali Group has posted net profits up 4.5% to €842m (2011 H1: €806m) for the first half of 2012, with the operating result stable at €2.34bn despite significant catastrophe events.
Biba signs Gleaming Wholesale for contractors scheme
The British Insurance Brokers' Association has appointed Gleaming Wholesale as the exclusive provider for its new cleaning contactors scheme, which offers enhanced cover and commission for Biba members and interest free instalments.
Buckley Scott raids Groupama and Cunningham Lindsey for new hires
Loss adjuster Buckley Scott has made a string of appointments at its London and regional offices.
Stobart Group to launch insurance broking arm
Logistics company Stobart Group is to launch an insurance broking arm following the success of its legal services business.