Regulation
Duck Creek Technologies to acquire UK Affiliate
Duck Creek Technologies, a provider of software and services for the insurance industry, has revealed its intent to acquire its London-based affiliate.
Japanese insurance giants in blockbuster merger
Japanese non-life insurance giants Mitsui Sumitomo, Aioi Insurance Co and Nissay Dowa General Insurance have agreed to merge.
OSG grows loss adjusting arm through Irish acquisition
Outsource Services Group is to acquire Irish loss adjusting firm Lynch Goggin and Associates.
FSA chief outlines regulatory reforms
Lord Turner, chairman of the Financial Services Authority (FSA), has set out the implications for regulation and the future shape of the financial system in a lecture in the City.
AIG Europe raises €680m
AIG Europe, the Continental European arm of stricken insurer AIG, has raised €680m in a capital raising, the company said in a statement.
Cayman Islands insurance regulator to stand down
The head of the insurance regulatory office for the Cayman Islands is resigning, an industry official said.
LeadPoint discounts life insurance leads
LeadPoint has announced that it will be discounting all life insurance leads for new customers.
Appointment at Whittington
Whittington has appointed Veekash Badal as chief actuary and Neil Hyatt as head of reserving and...
Public warned off Aquote
The Financial Services Authority has issued a warning against unauthorised firm Aquote, which has be...
Appointment at Watson Wyatt
Watson Wyatt has appointed Kate Angell as a senior consultant. Ms Angell has 10 years' experience ...
Pollution laws to hit UK
From March, UK industry will face more onerous duties to protect the environment and the cost of not...
IUA eyes 80% e-claims goal
Speeding up claims payment and representing the interests of the London company market are top prior...
Is the price right?
Lloyd's & London Market: Pricing
Beachcroft breaks borders
Law firm Beachcroft is setting up a partnership operation in Dublin to specialise in professional in...
BJP acquires Antell
BJP, the Thames Valley-based commercial broker, has acquired motor trade specialist Antell Insurance...
Marsh Hong Kong appoints new chairman
Marsh, the broking arm of US financial services giant Marsh & McLennan, has appointed insurance industry veteran Kenneth Kwok as chairman of its Hong Kong business. He will report to Paul Wilkins, CEO for Greater China and he will work alongside Marsh…
Outlook for Chinese P&C market stable - Moody's
The outlook for the Chinese property & casualty (P&C) insurance industry is stable, but challenges remain from growing price competition, declining capitalization and significant catastrophe risk amidst the weak economy, says a new report from Moody's…
Biba calls for the outlawing of "bad value" product
British Insurance Brokers' Association has heralded the announcement by a series of banks today to stop selling single premium payment protection.
PPI market withdrawals welcomed by FSA
The Financial Services Authority has welcomed the move by Alliance & Leicester, Barclays, The Co-Operative Bank, Lloyds Banking Group and RBS/Natwest to stop selling single premium payment protection insurance with unsecured personal loans by the end of…
Two more companies given Brazilian reinsurance license
The stream of reinsurance licenses given by the Brazilian regulator Susep continued to flow when it was announced that two more (re)insurers had been given licenses.
Atlas Partners strengthens its numbers
Atlas Partners, the insurance-focused corporate finance advisory practice, has appointed managing director Jonathan Walker and senior adviser Ian Nelson.
China Pacific reports 30% jump in FY premiums
(BESTWIRE) China Pacific Insurance Group Co. Ltd. [90336] reported premium income of 93.9bn yuan (US$13.7bn) in 2008's full year, up 26.5% from 74.2bn yuan a year earlier.
IUA outlines plans for 2009
Speeding up claims payment and representing the London company market's interests are top priorities for the International Underwriting Association in its 2009 business plan.
FSA issue warning over unauthorised insurance provider
The Financial Services Authority has issued a consumer warning about Aquote, an unauthorised firm which has been selling a range of locum insurance policies to GP surgeries across the UK.