Europe
Miller hails Katkhuda capture
Broker Miller has recruited Sebastian Katkhuda to work on global programme strategy, placement and servicing for major corporate clients within the UK and Europe.
Zurich names CEO's successor
Zurich Financial Services has appointed Cecilia Reyes as chief investment officer and member of the group executive committee, effective 1 April 2010, reporting directly to chief executive officer Martin Senn.
Mondial Assistance names regional Benelux boss
Mondial Assistance has named current director for Northern Europe, Middle East and Africa Mike Webb as its head of the Benelux region.
Axa study compares GB young drivers with European counterparts
An international research study from Axa has shown that young British drivers are a better risk on the road than some of their European counterparts.
Swiss Re appoints new UK boss
Russell Higginbotham has been appointed as head of client markets for Swiss Re in the UK & Ireland.
Ex-SSP director joins Target Harlosh
Insurance software solutions provider Target Harlosh has appointed Mark Mullin as head of insurance services, to spearhead the company’s expansion plans in the UK and across Europe, Middle East and Africa and Asia Pacific.
Chaucer outlines windstorm and earthquake estimates
Chaucer today it had completed its estimate of losses from the Chilean earthquake and European Windstorm Xynthia.
Axa fined $1.9m by NY State Insurance Department
New York State Insurance Superintendent James J Wrynn has announced that Axa Equitable Life Insurance Company has paid a $1.9m fine for violations including making inaccurate or incomplete disclosures to consumers buying replacement annuity contracts and…
Allianz awarded for commitment to sport
Allianz received the 2010 FASPO International Sponsoring Award in the sports category for its commitment to paralympic sport.
Interview: Dr Jochen Messemer, ERGO
Dr Jochen Messemer, ERGO Versicherungsgruppe AG board member responsible for international operations answers Insurance Insight's questions.
Brit Insurance publishes quarter one cat loss forecast
Brit Insurance has concluded an initial review of its expected claims arising from recent catastrophe events - the earthquake in Chile and European Windstorm Xynthia.
Zurich to restate results after changing US accounting
Zurich has decided to implement a hedging strategy which it claims will better manage its economic exposure and reduce the volatility associated with its closed block of variable annuities products within its US life business.
Heritage claims industry first following Heath Lambert acqusiition
Heritage Insurance Management in Guernsey has claimed a world-wide first by amalgamating two Protected Cell Companies into one.
Catlin outlines earthquake and windstorm estimates
Lloyd's insurer Catlin today announces initial estimates of the financial impact of the Chilean earthquake and Windstorm Xynthia.
CEA concerned about impact of partially renewed insurance BER
The CEA, the European insurance and reinsurance federation, is concerned that the only partial renewal of the Insurance Block Exemption Regulation, as adopted today by the EU College of Commissioners, will reduce cooperation between insurers, to the…
Budget 2010: Government pledges to support insurers on Solvency II
The government has vowed to continue its support to insurance firms ahead of the implementation of Solvency II.
European Commission adopts anti-trust block exemption rules
The European Commission has adopted a new regulation that exempts certain types of agreement in the insurance sector.
Zurich to put in new controls after being found in breach over data loss
Zurich Insurance has agreed to improve information security after losing over 46 000 individuals’ personal financial information.
Lancashire: no material exposure to Xynthia
Lancashire Holdings today announced that it estimates its net losses before tax from the earthquake in Chile and subsequent aftershocks range from approximately US$65m to US$125m including the sum of gross claims and claims expenses, reinsurance…
Lloyd's hails record profit of £3.9bn for 2009
Lloyd's this morning announced a £3.9bn profit for 2009 (2008: £1.9bn), which it hailed as a "record results during challenging economic conditions".
Aon claims market leading position with deal
Aon has acquired the local German broker Versicherungsmakler which specializes in placing insurance for environmental projects.
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.
Amlin: earthquake may exhaust inward cat excess of loss exposures
Lloyd's insurer Amlin has issued estimates for the impact of the Chilean earthquake and windstorm Xynthia, both of which occurred over the weekend of 27th /28th February.
SCM Insurance Services set to purchase Axis Adjusters Europe
Canadian firm SCM Insurance Services has agreed a deal to purchase Axis Adjusters Europe in a bid to help it service its continental clients.