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EIOPA : second Europe-wide stress test
The European Insurance and Occupational Pensions Authority (EIOPA) today announced it is preparing to launch the second Europe-wide stress test for the insurance sector....
FITCH: Reinsurance protects Australian insurers against floods
Fitch Ratings has commented today that catastrophe reinsurance offers reasonable protection to Australia's major non-life insurance companies against floods in Queensland and Northern New...
Bigger boats and luxury goods for consumers
There is a trend within the yachting community for bigger vessels and purchases of luxury products, an expert claims.
National Boat Shows group marketing manager...
Acquisition : Goldman Sachs’ Rothesay Life acquired Paternoster
In a deal that will almost double Goldman Sachs’ £3 billion insurance business in the UK, Rothesay Life – the insurance arm of the...
India : insurance cover for nuclear accidents
Insurance regulator IRDA is in the early stages of drafting a regulation for covering nuclear accidents. The move assumes significance as India is expected...
Travelers will cut budget on travel insurance to economise
Economic factors could lead at least a fifth of people to forgo an overseas holiday this year while of those who do, half say...
US insurer AIG to sell Taiwan unit to Ruentex group
US insurance giant AIG, short of cash to repay a government bailout, said Wednesday it would sell its Taiwan unit to a consortium led...
Legal & General’s general insurance business selects Duck Creek solution to transform its future product development
Duck Creek’s “best of breed” underwriting and billing solution has been selected by Legal & General’s general insurance business to revolutionise their product and...
New York insurance regulator reduces collateral requirements for Hannover Re
The New York State Insurance Department has allowed Hannover Re to qualify as a so-called "Eligible Reinsurer". With its adoption of this regulation New...
Coming back on Bristol’s worker who jumped to his death
Robert West, 52, leapt from the balcony of the Axa Centre, in Stoke Gifford, where he worked as an administrator, on 2 September last...
Aon Benfield Research comment on the Haiti earthquake – 1st anniversary
Aon Benfield Research partner, Dr Kristy Tiampo, Aon Benfield/ICLR Chair in Earthquake Hazard Assessment at the University of Western Ontario said:
“The recent example from...
BIBA sets out plan to reduce cost of motor insurance ahead of today’s Transport Select Committee inquiry
The British Insurance Brokers’ Association (BIBA) has called on the Government to implement an eight point plan to reduce the spiralling cost of motor...
China : insurance premiums rise 33%
China's total insurance premiums are forecast to have grown 33 percent to 1.47 trillion yuan ($222.1 billion) in 2010 from a year earlier, the...
Flood insurance embargo from most Queensland companies
Most insurers have stopped offering flood insurance policies to centres in south-east Qld facing the prospect of inundation.
Insurance companies have stopped offering flood policies...
New office for AEGIS London
AEGIS London, the UK-based subsidiary of mutual insurer AEGIS (Associated Electric & Gas Insurance Services Limited) has celebrated ten years of operating as an...
Financial ombudsman consults on its plans and budget for the year ahead
The Financial Ombudsman Service today publishes for public consultation its proposed budget for the next financial year (2011/2012) – together with an update on...
Chartered status for Allianz Commercial
Allianz Commercial is pleased to announce that it has become a Chartered Insurer, a prestigious title awarded by the Chartered Insurance Institute (CII) to...
Ecclesiastical moves to reduce impact of VAT increase on churches
Thousands of churches across the UK will be spared some of the pain of January’s VAT increase thanks to a decision by the country’s...
Car insurance : keep your eyes open for potholes
The harsh winter is already bringing out a nasty rash of potholes on Britain’s crumbling roads which are set to wreak havoc on cars...
Allianz bought $855 million of China Pacific Insurance shares from Carlyle Group
Allianz SE, Europe’s biggest insurer, said it bought $855 million of China Pacific Insurance (Group) Co. H shares from Carlyle Group.
Allianz now owns 240...
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