Europe
Amlin gets greenlight for Swiss redomicile
Amlin has today completed the change in the corporate domicile of its wholly-owned subsidiary Amlin Bermuda from Bermuda to Switzerland.
CEO Maso out, as Axa shakes up UK general insurance arm
Axa UK today announced changes to the organisational structure of its general insurance business in a move that will see it no longer needing a CEO of the general insurance business.
German government gives local insurers a tax break
The German insurance trade association GDV has welcomed a move by the government to tweak its new tax regime.
Mondial calls on travel insurance industry to back anti-fraud efforts
Mondial Assistance is calling for fellow travel insurers to get behind efforts to tackle fraud as it reports its own successes in the past few months.
Zurich settles $455m US class action
Zurich Financial Services Group has announced today that it and its wholly-owned subsidiary, Farmers Group, has agreed in principle to a proposed comprehensive settlement in the matter of Fogel vs. Farmers Group, a purported nationwide class action…
LMA warns of over-regulation of Lloyd's
The Lloyd’s Market Association has warned the proposed regulatory system for the UK is being created around the banks which will make it over-engineered, unsuitable and unjustifiably costly for the general insurance industry.
Finnish insurance giant signs claims deal
Finnish insurance group OP-Pohjola Group has today announced that its subsidiary, Pohjola Insurance has selected Guidewire Claim Center as its new claims management system.
Post in print - 7 October 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.
Aon issues ELD warning following Hungary leak
Aon Risk Solutions has warned companies to take the Environmental Liability Directive seriously following a toxic sludge leak in Hungary.
Willis launches Maltese captive
Willis Group has set up its own managed captive insurance facility in Malta.
JLT arm adds to casualty team
JLT’s subsidiary Lloyd & Partners has appointed Paul Palmer as a partner within its international casualty team.
Fitch revises Generali's outlook from negative to stable
Fitch Ratings has revised its outlooks on the Italian insurance company Assicurazioni Generali Spa's and its core subsidiaries' insurer financial strength ratings and long-term issuer default ratings from negative to stable.
Global environmental damage estimated to cost $28trn by 2050
Global environmental damage caused by human activity in 2008 represented a monetary value of $6.6trn, equivalent to 11% of global gross domestic product, a study reveals.
Liberty Syndicates enters agricultural and weather reinsurance
Liberty Syndicates Management is entering the agricultural and weather reinsurance market through the hiring of a team of specialist underwriters.
Nordic insurer joins Climate Wise
Nordic property and casualty insurer If has joined Climate Wise giving a boost to the international insurance response to climate change.
Aviva launches first global brand campaign
Aviva has launched its first global brand campaign that aims to demonstrate its commitment to putting customers at the heart of its business.
Liiba selects worldwide insurance tax calculation tool for brokers
The London and International Insurance Brokers’ Association is teaming up with a leading service company to help its members calculate tax payable on insurance policies around the world on a territory-by-territory basis.
Fortis outlines Ageas rebranding plan for UK businesses
Fortis Insurance UK today begins changing its name to Ageas in the UK.
View From the Top: Facing Europe's new data protection laws
The European Union’s intention to harmonize data protection laws will have a significant impact on companies across the continent.
All change for financial reporting?
The International Accounting Standards Board has released its exposure draft with the intention to create a single international financial standard. Evan Bogardus explains how for many insurers, meeting these challenges head on could transform their…
Remedy sought for global compliance headache
International business must keep compliant with shifting insurance regulations and tax regimes across the world, and on the back of research by Ferma Peter den Dekker asks if a single database could help reduce cost bases within impairing competition.
Insurance Insight: European rates review
Insurers’ appetite to diversify into new product lines and geographical areas is bringing heightened levels of competition to lines across Europe. In the short term this is of benefit to insurance buyers but Edward Murray asks what the long term impact…
Insurance Insight: An in-depth review of general insurance in Portugal
Although the Portuguese insurance industry is one of the most well-established and resilient in the European Union Sam Barrett explains that it is still facing considerable challenges as the market responds to new legislation.
Insurance Insight October: Exclusive online content now live
Insurance Insight October is now live with a review of the Portuguese general insurance market and a close look at rates across the continent, as well as the first in a regular View From the Top slot, and leading market commentary on European insurance…