Insurer
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
ECIH takes on Ablett as group chairman
Electrical Contractors' Insurance Holdings has appointed industry veteran Tim Ablett to the role of chairman.
JLT and Am Trust offer sole practitioners PI choice for law firms
Law firms suffer from of lack of choice for professional indemnity insurance, according to JLT, which has launched a sole practitioners PI practice with Am Trust.
Jelf man Holloway joins Rural Insurance as sales manager
Rural Insurance has plucked Dean Holloway from Jelf having handed him the role of regional sales manager for the south west.
Private-public partnerships key to improving India's healthcare
The private sector has an important role to play in helping India achieve its goal of universal healthcare, senior figures said at a recent health conference.
Insolvency rate falls among SMEs
The number of SMEs to become insolvent fell in June compared with June 2011, while insolvencies among larger firms increased year on year.
Helvetia swoops on Groupama's Gan in €38.5m deal
The Helvetia Group has confirmed it is to take over the French transport insurance portfolio of Gan Eurocourtage, a subsidiary of Groupama SA.
South west Japan reels from record floods
Heavy rain between 11 and 16 July have caused widespread flooding and mudslides in Japan, catastrophe modeling firm AIR Worldwide reports.
Japan flooding threatens rice crop
Heavy rainfall in south west Japan has caused widespread flooding and mudslides.
Garwyn hands regional role to ex-Cunningham specialist
Garwyn has hired former Cunningham Lindsay complex loss specialist Mike Higgins as manager for the London and South East region.
Mapfre to offer roadside assistance for bikers in India
Mapfre Assistance is to provide breakdown assistance for moped and motorcycle riders in India, after designing a trailer to transport two-wheeled vehicles.
Vienna Insurance on the lookout for east European SMEs
Vienna Insurance Group is eyeing acquisitions in eastern Europe, its main profit driver, and could make a record profit this year if there are no major natural catastrophes.
Cornish Mutual wins chartered status
Cornish Mutual has been awarded Chartered Insurer status in recognition of its standards of professionalism and customer service.
Am Trust completes Dore and Associates deal
The Am Trust Group has completed the acquisition of Dore and Associates Holdings.
Axa survey reveals SMEs' fears for the future
Continuing uncertainty in the Eurozone and the impact of government austerity measures are affecting optimism about business performance among SMEs.
AIR launches cyclone model for India
Catastrophe modeling firm AIR Worldwide has released a cyclone model for India.
Heavy rain dampens profitable run in household insurance sector
This summer's flooding could put an end to four consecutive years of combined ratios of 100% or better in the household insurance sector.
Commercial lines division primed for further growth, says LMIE boss Rocks
Liberty Mutual Insurance Europe chief executive Sean Rocks is eyeing further expansion in the firm's commercial lines division after reporting substantial profitable growth.
Liberty Europe's commercial arm reports 'profitable growth'
Liberty Mutual Insurance, the commercial lines division of Liberty Mutual Insurance Europe, is reporting 'substantial profitable' growth.
Nat-cat losses dip below average for first six months of 2012
Natural catastrophe losses for the the first six months of 2012 were $26bn, well below the six-month average of recent years, according to Munich Re.
Willis granted intermediary licence on Guernsey
Willis Group Holdings has been issued with a full commercial lines licence to conduct insurance intermediary services in Guernsey under the Insurance Managers and Insurance Intermediaries Bailiwick of Guernsey Law, 2002.
DLG's ambition to float in doubt amid reports of PE bids
The Direct Line Group's plans to float have been put in jeopardy, according to reports claiming that two private equity consortiums could launch rival bids for the business.
Insurers call for single global accounting framework
A need for increased financial reporting transparency and consistency has led more insurers to call for a single global accounting framework, according to a survey of insurance finance executives.
RSA to save energy with new Carbon Trust deal
RSA is joining forces with the Carbon Trust to make energy efficiency services available to its business customers.