Europe
CNA Hardy's Dave Brosnan on beating the bunker mentality
Business executives are underestimating supply chain and terror risks, writes CNA Hardy's CEO Dave Brosnan, urging them to beat the bunker.
RSA Luxembourg gets thumbs up from regulator
RSA’s Luxembourg insurance hub has been granted approval by the country’s regulator, the Commissariat aux Assurances.
German insurtech receives $30m funding led by Peter Thiel's VC firm
German start-up Coya has received further series A investment of $30m (£22.37m) led by Paypal co-founder Peter Thiel’s Valar Ventures.
Allianz worst hit European insurer by Q1 nat cats
First quarter natural catastrophe losses cost Allianz €311m, more than any other insurer.
Howden names José Manuel González as CEO
Hyperion-owned broker Howden has named José Manuel González as CEO of Howden Broking Group.
Scor issues first UK cat bond in vote of confidence for London ILS regime
Scor has become the first reinsurer to use the new UK ILS regime to issue a catastrophe bond.
Aviva completes €130m Friends First acquisition
Aviva Ireland has completed the acquisition of life insurer Friends First for €130m (£116m) after receiving regulatory approval from the Central Bank of Ireland.
Home insurtech Luko gets €2m funding round led by French telecom boss
AI-powered home insurtech firm Luko has raised €2m (£1.75m) in a funding round led by French telecom billionaire Xaviert Niel.
Analysis: Protecting against protectionism
Protectionism is posing challenges to the insurance market, but also creating some opportunities, especially for trade credit cover.
Castel targets European growth with Dutch office launch
Castel Underwriting Agencies has opened its first branch office in Amsterdam to support plans to expand its operations in Europe.
Allianz takes 8% stake in Africa Re
Allianz is to take an 8% stake in Africa’s leading reinsurer Africa Re.
Berkshire becomes third-largest reinsurer on back of AIG deal
Warren Buffett’s Berkshire Hathaway became the world's third-largest reinsurer in 2017, ending European dominance over the top four.
QBE Brussels subsidiary granted regulatory approval
QBE Europe has received approval from the National Bank of Belgium to set up a subsidiary in Brussels.
Insurers slam EU motor proposals incorporating Vnuk ruling
The UK insurance sector has criticised proposed changes to the Motor Insurance Directive, following the Vnuk ruling as being “unworkable and unfair”.
Electric, not autonomous vehicles keeping underwriters up at night
The impending presence of electric vehicles on UK roads is keeping underwriters awake at night, a conference has heard.
Uniqa's Andreas Brandstetter named president of Insurance Europe
Andreas Brandstetter, the CEO and chairman of Austria’s Uniqa Insurance Group, has been elected president of Insurance Europe, the European insurance and reinsurance federation, for a term of three years.
Ageas' Bart De Smet on the limitations of quarterly reporting
Quarterly results don't always reflect a company's performance, notes Ageas CEO Bart De Smet, explaining why the focus must be on its consistency over time.
Lloyd's Brussels gets regulatory green light, Vandendael named CEO
Lloyd’s has received regulatory approval from the National Bank of Belgium for its Brussels subsidiary.
Hundreds of hip implant claims ditched as High Court rules not defective
The High Court has ruled that metal-on-metal hip implants are not defective, in one of the largest product liability group actions in recent years.
Interview: John Ludlow, Airmic
With business models facing increasing threats from more directions than ever before, John Ludlow, CEO of the Association of Insurance and Risk Managers, spoke to Post weeks before its members gather in Liverpool and he warned risk managers need to be at…
Scor names McMurdo UK insurance CEO
Stuart McMurdo has been named CEO of Scor’s UK insurance business.
UK motorists won’t have to apply for green card after Brexit
Drivers and truckers may not need to apply for a ‘green card’ in order to remain insured while driving in the European Union after Brexit.
QBE's Chris Wallace on IDD as a new dawn for customer engagement
The Insurance Distribution Directive gives insurers a platform to engage with customers and to do so with transparency, writes Chris Wallace, executive director of Europe at QBE.
XL Catlin’s James Tuplin on the liability issues raised by PSD2 and open banking
Open banking throws up some liability questions, explains James Tuplin, head of cyber and technology, media and telecoms – International at XL Catlin.