Todays Insurance News in Brief - 13th June 2012

- European bail out in Spain not such a good thing for insurance companies over fears that Spain's bail out will lead to be paid for via its sovereign finances which could lead to insolvency requiring a much higher bail out and drag other countries like Italy and France into the same problem.

Share prices dropped sharply on major insurance companies such as Aviva and AXA and Allianz.

- Any breaking up of the Eurozone could highly effect major insurance companies where investors have traditionally been happy and put their money but with the sharp drop in share prices on major insurance companies such as AXA, Aviva and Allianz investor may start to look else where.

- Professional Insurance Agents Ltd search for new sales team in Europe and UK. Kelly Fyfe business development director said we need to offer brokers and insurance companies a quick online solution for trading commercial insurances such as Professional Indemnity Insurance and Public Liability Insurance and Office Insurance across a standard platform across the UK and Europe.