Europe
Insurtech launches travel insurance for people with serious illnesses
Bought by Many has launched European travel insurance for people with serious health conditions like cancer.
Blog: Brexit could leave motor insurers without room for manoeuvre
British drivers who have a car accident in the European Union can currently seek redress through UK courts but Brexit could change that. Mark Hemsted, partner at Clyde & Co, lists the points to keep an eye on.
Global run-off market 'extremely buoyant' at $730bn in 2017
The value of the global non-life discontinued business market exceeds $700bn, according to research from PWC.
Lloyd's to open Brussels hub in January 2019
Lloyd's will open its Brussels unit by January next year, according to reports.
Branch or subsidiary? How UK and EU insurers can passport after Brexit
The loss of passporting will be a major challenge for insurers after the UK leaves the European Union. Steven McEwan, partner at Hogan Lovells, looks at some of the options available.
Storm Eleanor will cost European insurers over €1bn, says AIR Worldwide
Catastrophe modeling firm AIR Worldwide has estimated between €1.1bn (£980m) and €1.6bn of insured losses from winter storm Eleanor.
Crawford's Muress to head Sedgwick's international division
Ian Muress has joined Sedgwick as CEO of international operations.
Hyperion targets emerging markets and Lat Am with $300m in reserve
Hyperion Group is entering 2018 with a $300m (£223m) war chest to play with, the group’s chief financial officer has said.
CNA Hardy appoints Middleton as CEO of Luxembourg hub
CNA Hardy has named Stuart Middleton as CEO of their Luxembourg subsidiary.
Swiss insurtech Go Flink gears up for relaunch
Swiss insurtech start-up Go Flink is to relaunch and release a range of new products to distribute worldwide.
Russia: Rosgosstrakh debacle sees increased government involvement in insurance
Government involvement in the Russian insurance sector is increasing as the country's largest private bank was placed under administration after acquiring failing insurer Rosgosstrakh.
Solicitors PI market takes off in Italy
The recent introduction of compulsory insurance requirements for Italian law firms is yet another milestone for the country’s rapidly growing professional indemnity insurance market, explains Massimiliano Colombo, regional underwriting manager at QBE…
Allianz buys European units of Das for €38m
Allianz will buy European business subsidiaries of legal protection insurance provider Das for €38m (£33.6m).
Munich Re covers Easyjet for flight cancellation
Munich Re and Easyjet have teamed up on a flight cancellation insurance product.
Millions of travellers being encouraged to fake illness, says ABTA
Almost 10 million Britons have been approached about making a compensation claim for being sick while on holiday, according to the Association of British Travel Agents.
Euler Hermes cuts cover for New Look
Euler Hermes has reportedly stopped offering cover on new shipments of goods to ailing retailer New Look.
M&A values up 170% as priority turns to capital optimisation
Merger and acquisition activity rebounded in 2017 with completed deal values increasing 170% in the first half of the year, according to Willis Towers Watson.
This month in Post: Power, transformation and the rise of the machines
This month, Post casted a musing eye over the year ahead. With Brexit negotiations still waging, the new General Data Protection Regulation coming into effect and Ogden reforms still looming over the industry, 2018 is set to be a busy year.
Perils revises Xavier loss estimate
Cyclone Xavier, which hit Germany in October last year, is estimated to have cost insurers €325m (£289m).
PCS to launch terrorism risk model
Property Claim Services is to launch a specialty lines loss aggregation solution for terror in the first quarter of 2018.
Beazley partners with Just Travel Cover on traveller terrorism fears
Beazley and Just Travel Cover have joined forces to cover travel disruption caused by an act of terrorism.
Markerstudy plans growth as MGA following Qatar Re sale
Markerstudy will expand into the London market as a managing general agent following the sale of its insurance business to Qatar Re.
Qatar Re to acquire Markerstudy's Gibraltar-based insurance companies
Qatar Reinsurance Company Limited has signed a deal to buy Markerstudy’s Gibraltar-based insurance companies, subject to regulatory approval.
Temp Cover to expand into Europe following MBO
Exclusive: Temp Cover is looking to expand into Europe following its £13.3m management buyout.