Europe
Exclusive risk management content now available
Insurance Insight’s weekly update is now live with a look at the transport risk management, as well as a View from the Top opinion on why 8th European Company Law Directive can help firms.
View from the Top: Faster, further and more safely
For insurers, the attractions of article 41 of 8th European Company Law Directive may not be immediately obvious, but I believe they will benefit from it as underwriters and as investors.
Transport risk management
With constantly shifting suppliers and sales markets as well as the increase in use of outsourced production sites, companies face more and more transport exposures for their cargo. As Pascal Matthey explains, fast and safe deliveries require a holistic…
Irish Regulator allows Quinn to underwrite one UK commercial client
Quinn Insurance has been allowed to retain one UK commercial client, despite otherwise being barred from underwriting this class of business.
Aon to cut up to 1800 jobs following Hewitt merger
Insurance broking giant Aon could shed 1500 to 1800 positions across the world as part of plans to integrate Hewitt Associates.
IUA embraces impact of catastrophe modelling on insurance industry
The London market is developing an increasingly sophisticated catastrophe modelling community as companies look to support their operations with the latest techniques and research.
Senior staff in the firing line as Zurich announces more cuts
A number of senior staff are among those to be impacted by a shake-up of Zurich's international general insurance operations, Post has learnt.
Insurers welcome EC decision on environmental damage liability
The CEA, the European insurance and reinsurance federation, has welcomed the decision by the European Commission not to propose an EU-wide compulsory liability scheme to cover environmental damage, or imminent threat of environmental damage, under the…
S&P hints at 'AA' return for Swiss Re as it revises outlook to 'positive'
Standard & Poor's has revised its outlook on Swiss Re to positive, and hinted it could raise its rating back to double A.
UK insurance giants RSA and Aviva out of the running for Quinn
Five groups, including Anglo Irish Bank, Travelers Insurance and Liberty International, have been short listed as the preferred bidders for Quinn Insurance, according to reports.
Munich Re affirmed as A+ by AM Best
AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Re and its subsidiaries.
Northdoor unveils Solvency II checklist
Northdoor, the IT consultancy and solutions provider, has unveiled its ‘Solvency II checklist’.
Zurich expands Middle Eastern operation with swoop
Zurich has signed an agreement to acquire 99.98% of Compagnie Libanaise D’Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates (UAE), Kuwait and Oman.
Exclusive energy market content now available
Insurance Insight’s weekly update is now live with a look at the European energy market, as well as a View From the Top opinion on why specialist understanding must come over pricing.
Renewable energy: evolving together
Investment in renewable energies is increasing at a rapid rate and the opportunities are plenty, however, as Ignacio Almazán explains insurers must evolve with this sector to ensure continued cover.
View from the top: Specialist understanding not price is the answer.
When I started in insurance, almost 30 years ago, the UK industry looked very different and an incredible amount has changed since then. The changes in the European market, however, have been equally dramatic.
Turkey and Russia upgraded by Coface
Coface has upgraded two of the largest emerging European countries. Turkey has come out of the crisis with a better risk rating and Russia, which was hard hit, has recovered to its pre-crisis level.
Zurich ready to appeal EL ruling
Zurich is seeking permission to appeal the Apppeal Court decision on employers' liability trigger litigation.
Ruling leaves availability of cover to a "matter of chance"
Barlow Lyde & Gilbert has warned that the Appeal Court decision regarding employers’ liability trigger litigation makes it a “matter of chance” for policyholders as to whether cover will be available for mesothelioma claims.
Court deliberates over next step in EL trigger llitigation case
The Court of Appeal is deliberating this morning over whether parties involved in the employers’ liability trigger litigation case will be granted leave for further appeal to the Supreme Court, Post understands.
Appeal Court overturns EL trigger litigation ruling
The Court of Appeal has overturned a 2008 High Court decision that found the insurers who should pay claims for the fatal asbestos illness, mesothelioma are those that provided cover to the employer at the time of the asbestos exposure.
CEA warns of European tax proposals "moral hazard"
The European insurance federation CEA has accused the European Commission of failing to differentiate between different types of financial institutions in its plans for taxation of the financial sector.
EC sets out plan to raise billions through financial sector tax
The European Commission has set out its ideas for the future taxation of the financial sector.
SII to drive M&A in run-off sector
KPMG’s annual run-off survey of UK non-life insurance, has shown that liabilities have shrunk by 21%.