Private medical insurance (PMI)
Skiers rescued from European slopes face £16,000 bill
Skiers hurt or lost on the slopes in Europe could find themselves being presented with an average bill for £16,000 (€19,000) if a search and rescue team is called out to help them, according to research by Complete Ski.
Great Eastern CEO optimistic about Southeast Asian market
Asia's oldest insurance group, Great Eastern, remains bullish on the prospects of the industry in Southeast Asia, despite the eurozone crisis, low penetration rates and insufficient coverage in several regions.
Lonmar launches Medicare as a subsidiary company
Lonmar Global Risks has launched its Medicare International division as a subsidiary company, as part of the firm's strategy to establish managing general agents.
AMII expresses concern over PMI ratings
The Association of Medical Insurance Intermediaries (AMII) has expressed concerns over Defaqto’s ‘star ratings’ for private medical insurance launched this week.
Ace names head of A&H EMEA
Ace has appointed Craig Parfitt to head up the analytics and management information team for the accident and health business in Europe, the Middle East and Africa.
Chubb launches online system for life sciences companies
US insurer Chubb has launched an online system allowing firms undertaking clinical trials in China and Brazil to download local insurance certificates.
Benevista launches international employee benefits index
Belgian consultancy firm, Benevista, has launched an international employee benefits index to raise awareness of the advantages of multinational pooling.
Mercer to become sole shareholder of French broker
March and McLennan subsidiary, Mercer, is to become sole shareholder of French health and benefits broker, Repca, in order to strengthen its position in the French market place.
Axa SA and Ace believed to be vying for HSBC
Axa SA and Ace are believed to be in the final running for HSBC Holdings’s non-life insurance operations.
CNA Europe extends health products to include BI
CNA Insurance Company has has added property and business interruption coverage to its suite of products for the advanced medical technology sector.
Arab Orient Insurance and Scor in medical insurance deal
Arab Orient Insurance Company has signed an agreement with French insurer Scor for the biggest medical reinsurance portfolio in Jordan.
Hyperion courts Windsor as it takes firm steps towards flotation
The proposed acquisition of Lloyd’s broker Windsor by international broking and underwriting group Hyperion could lead to additional takeover deals in 2012, and would bolster the latter’s chances of initial public offering success, following confirmation…
Colosso speaks out following Gallagher exit
Adrian Colosso has told Post he is keen to return to the market once he has completed his 16-month stint on gardening leave from Gallagher Heath.
WHO expert calls for cashless insurance system for Indian healthcare
Indian health insurance should cover more than it currently does according to experts at a recent one-day national consultation on the state of the market.
Mitsui Sumitomo to hit accident market
Mitsui Sumitomo at Lloyd’s has appointed Steve Ranzetta as class underwriter to target the UK and international accident & health market.
Rising medical costs behind potential 10% growth in Lebanese medical premiums
Medical insurance premiums in Lebanon will rise by 10% in 2012, according to projections by Lebanese insurance association, the ACAL.
China medical insurance coverage reaches 97% in rural areas
Basic medical insurance coverage in China's rural areas reached 97% in 2011, outstripping urban areas, according to health minister Chen Zhu.
Allianz contract with breast implant maker invalid
Financial Times Deutschland has reported that Allianz claims its insurance contract with the French breast implant maker, Poly Implant Prosthesis, is invalid.
Helvetia Switzerland concludes sale of health and accident portfolio
Helvetia Switzerland has concluded the sale of its health and accident portfolio.
Axa sells Denplan to focus on PMI
Axa has sold dental payment plan business Denplan to the Simply Health Group for £115m on a debt free cash free basis.
Ace dental plan gains foothold in Asia
Ace Asia Pacific, part of global (re)insurer Ace Group, has extended its Ace Dental Care plan to several Asian countries.
Generali's German subsidiaries downgraded
Generali Group's three German non-core subsidiaries have been downgraded by Fitch, following the downgrade of their parent company.
OFT refers private healthcare market to Competition Commission
The Office of Fair Trading has decided to refer the market for privately funded healthcare services in the UK for further investigation by the Competition Commission.
Review of the year - Health insurance: Seeds of change
Despite a tough 12 months, and gloom forecast for 2012, the health insurance sector has planted important seeds for future growth this year.