Insurance Association Head Says China May Open Auto Market to Foreign Firms November 16, 2011 By Faith Hung and Samuel Shen China, the world’s largest auto market, is likely to open its mandatory auto insurance market to foreign companies next year,...
IAIS Calls for Greater Scrutiny over Non-traditional Insurance November 15, 2011 By Myles Neligan Regulators should focus on insurers’ role in markets outside their traditional sphere, as such activities could worsen the economic impact...
Willis UK Broker Networks Add Nine New Members November 15, 2011 Willis Group Holdings announced that nine new members have joined Willis Networks, its alliance with local, independent insurance brokers in...
Aon Benfield Launches Updated UK Terrorism Cat Model November 15, 2011 Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., announced that it has updated its UK terrorism...
Italy, Southeast France Hit by Heavy Rains, Floods: AIR Analysis November 15, 2011 Catastrophe modeling firm AIR Worldwide has issued a report on the heavy rains, which caused widespread flooding in France and...
SCOR Reports Q3 Net Income of $255 Million; Gains on Transamerica Sale November 15, 2011 French reinsurer SCOR Group announced net income for the third quarter of 2011 of €188 million [$255 million], a 70.1...
AmWINS Confirms Intention to Acquire London-based THB Group plc November 14, 2011 Charlotte-based AmWINS Group, Inc. has confirmed that it intends to acquire THB Group plc of London. AmWINS said the directors...
Liberty Mutual Completes Deal for Ireland’s Quinn Insurance Operations November 14, 2011 The Boston-based Liberty Mutual Group announced it has successfully completed the planned acquisition of Quinn’s Irish insurance business, as well...
Best Issues Special Report on New Zealand’s Non-Life Insurance Market November 14, 2011 A new report from A.M. Best examines New Zealand’s non-life insurance market, which it describes as being “in a state...
MMA (UK) Revamps Shops, Offices, Surgeries Products for Brokers November 14, 2011 MMA Insurance (UK) announced that it “has enhanced its Shops, Offices and Surgeries products with a new level of rating...