Europe
Finnish insurance giant moves into healthcare
Finnish Insurance giant Pohjola Insurance is set to move into the healthcare market for the first time.
Exclusive content now available
Insurance Insight’s weekly update is now live with a look at cross-boarder technology, as well as a View from the Top opinion on how governments should support insurers efforts to deal with natural perils.
View from the Top: Getting wet feet is not enough
The events of summer 2010 made all too evident the dramatic consequences that global warming can have: the heat wave in Russia and the monsoon rains in Pakistan are extreme events that take place only very rarely.
Behind the technical curve
Despite each European country’s insurance market displaying unique characteristics the technology challenges remain consistent, Mike Davies, therefore, believes insurers should embrace an all encompassing platform to meet their needs as the banking…
Willis restructures European reinsurance business
Willis Re has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is establishing a new specialty casualty practice group.
Zurich unveils Manley as Court's successor as European CEO
Zurich has today unveiled a series of key appointments within its General Insurance segment.
Quinn bidders getting cold feet over claims according to reports
Several of the bidders for Quinn Insurance have expressed fears over outstanding claims, according to reports this morning.
Post in print - 21 October 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post.
PwC urges insurers to seek SII competitive edge
PricewaterhouseCoopers has called on insurers to take advantage of any competitive advantages which may be created by the Solvency II directive.
Former Zurich GI CEO Amore announces his retirement
Zurich Financial Services has announced that after 18 years of service to Zurich, John Amore will be retiring effective 31 December.
Warren Buffett plans to buy more Munich Re shares as he passes 10% threshold
Munich Re has today confirmed that Warren Buffett, and his various assets, now have 10% of voting rights in the company.
IUA warns of "dearth" of regulators
A lack of qualified staff could undermine government plans to reform UK financial regulation, the International Underwriting Association has warned.
UK insurers warned about new 20% EU tax hit on outsourcing
The UK insurance industry has today been warned it is set for increased costs on outsourcing as other EU countries force through the removal of the VAT exemption on outsourced claims handling.
XL Insurance appoints liability underwriter for Ireland
XL Insurance, the global insurance operations of XL Group, has appointed Brendan Carberry as liability underwriter in Dublin.
Willis strengthens group mining practice
The broker has drawn together US, UK and international mining experts to serve global clients.
Chedid Re forms Lloyd's partnership
Chedid Re and Price Forbes & Partners have entered an association agreement for the insurance and reinsurance placement of upstream and downstream hydrocarbon energy business.
CII welcomes Gibraltar affiliate
The Gibraltar Insurance Institute has been accepted as an affiliate institute of the Chartered Insurance Institute.
Kazakh insurance group recovering with 67% growth after restructure, notes Fitch
Fitch Ratings has assigned Kazakhstan-based non-life insurance group Amanat Insurance a 'B' Insurer Financial Strength (IFS) rating and a National IFS 'BB(kaz)' rating. The Outlooks are Stable.
UIB appoints marine & energy head
Insurance broker UIB has appointed Mikael Ardell, as divisional director for marine and energy, to drive growth across the Nordic region in the property and energy sectors.
Italian non-life market recovery "fragile" claims rating agency
Fitch Ratings has revised the rating outlook for the Italian life market to stable from negative. The rating outlook of the non-life market remains negative.
Swiss non-life sector better than most European rivals claims Fitch
Fitch Ratings has changed the rating outlook for the Swiss non-life insurance sector to stable from negative to reflect what it decribed as the sector's continued strong underwriting profitability and the economic recovery.
Beazley still keen on Hardy despite "surprise" at £158.4m bid rejection
Beazley has confirmed that it has made a 300p per share case approach to Hardy Underwriting Bermuda valuing the latter at £158.4m that has been rejected by Hardy.
Brit extends deadline for Apollo bid
In a stock exchange announcement Dutch domiciled Brit has confirmed an extension has been granted to the deadline for a formal bid by Apollo and CVC Capital Partners.
Fitch upgrades French life sector rating while GI remains negative
Fitch Ratings says in a new report that the rating outlook for the French non-life insurance sector remains negative, while the French life insurance sector has been revised from negative to stable.