Europe
Hannover Re appoints new board member
Hannover Re has appointed Dr Klaus Miller as a full member of the executive board with effect from 1 September 2010.
Sampo profit rises to Euro 621m in first half of 2010
Scandanavian insurance group Sampo's profit before tax for the first six months of 2010 rose to Euro 621m (H1 2009: Euros 433m).
Admiral to move to new 3000 capacity headquarters in Cardiff
The Admiral Group has announced plans to move into a new headquarters in Cardiff city centre.
Allianz to target Bric countries after extending 60 year old VW deal
Volkswagen Financial Services and Allianz Global Automotive have today signed a letter of intent, agreeing to strategically expand their 60 year-old successful partnership and to continue it in the long term.
Nordlin appointed chief information technology officer for Zurich
Zurich Financial Services Group has appointed Markus Nordlin to the position of chief information technology officer and member of the group management board.
Hannover Re profits hit by major losses in H1 2010 results
Hannover Re has reported that it booked gross written premium totalling €5.7bn as at 30 June 2010, an increase of 8.2% relative to the corresponding period of the previous year.
BIS countdown - Douglas Williams: Speaking economically
With a track record in successfully predicting the economy, Douglas McWilliams gives Jonathan Swift his current forecast.
Axa boss joins Zurich UK operation
Zurich’s UK general insurance division has appointed Peter Clark as head of property and strategy exposure management, commercial lines.
QBE restructures exec to better reflect growth
As a result of its continued expansion, QBE has decided to restructure into three main operating divisions – Europe, the Americas and Australia Asia Pacific.
Russian Rossiya receives negative rating
Fitch Ratings has revised the rating watch on OJSC Rossiya Insurance's international financial strength rating 'B-' and national IFS rating 'BB-(rus)' to negative.
Markel International profits hit by major losses in H1 2010
Markel International reported gross written premiums of $395.3m for the six months to 30 June 2010, compared to $358.1m for the first half of 2009.
EMEA insurance buyers reap benefits from increased competition
Insurance buyers across Europe, the Middle East and Africa are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a new report.
Fitch assigns German Provinzial Nordwest Group A+ rating
Fitch Ratings has assigned German property and casualty insurer Westfaelische Provinzial Versicherung AG and the life insurer Provinzial Nordwest Lebensversicherung AG insurer financial strength ratings of 'A+' with stable outlooks.
Exclusive sustainability content now available
In our latest View from the Top article David Batchelor challenges European insurers to take sustainability seriously.
Groupama UK profits up 30% to £13.7m for H1 2010
Groupama's combined UK operations have recorded a pre-tax profit of £13.7m for the first six months of 2010 (H1 2009: £10.5m).
View from the top – The right sustainability
Regulatory change, consumer choice and corporate responsibility are all driving business attitudes towards improved environmental performance, with smart sustainability strategies increasingly being seen as ‘sensible’ business practice.
Dual links up with Odyssey Re for German D&O push
Dual Deutschland, the German cologne based MGA and part of The Dual Group, has secured new capacity from British insurer Newline Insurance Company, part of reinsurer Odyssey Re Group, to underwrite D&O for large financial institutions in Germany.
Groupama sees uplift in French private motor in H1 2010
Groupama has recorded premium income Premium income of €8.6bn Euros (up 4.4% on a like-for-like consolidation and exchange rate basis) in the first half of 2010.
Allianz Group operating profit up 22% in H1 2010
Allianz Group has recorded a profit of €3.9bn in the first half of 2010, a €0.7bn increase from the same period in 2009.
Generali profits rise 73.2% in H1 2010 result
Generali has reported net profit up to € 873m (+73.2%) for the first half of 2010, with premiums at more than € 38 billion (+9.1%).
Delta Lloyd Group H1 2010 results show profit of €1069m
The Dutch financial services group, which has lines in banking, life insurance, general insurance, health insurance and mortgages across its portfolio, has reported a strong first half profit for H1 2010.
Zurich H1 2010 result shows 20% drop in GI profit to $1.4bn
Zurich has reported general Insurance operating profit fell 20% to $1.377bn (H1 2009: $1.714bn) in the first half of the year.
Novae H1 2010 results reveal 50% bounce in investment returns
Novae Group's interim results have been boosted by strong investment returns.
Zurich appoints chief administrative officer
Zurich has announced the appointment of Christian Orator as chief administrative officer and member of the group executive committee.