Europe
Blog: Insurers need to manage currency risks
George Chapman, in charge of fund and institutional sales at Afex, explains how insurers can manage currency risks after the fall in sterling following the UK's vote to leave the European Union.
Analysis: Behind the scenes of a year-long Blockchain pilot
Blockchain has become a buzzword in the industry but few know what it means, even less so its implications for insurance.
Danish insurer Tryg to buy Alka for £1bn
Denmark’s largest insurance company Tryg is to buy competitor Alka Forsikring for 8.2bn DKr (£1bn).
Compre CEO to step down
Compre’s Nick Steer will step down as CEO of the business, effective from March 2018.
Government must solve passporting rights, says FCA CEO
The government must solve the problem of passporting rights to secure the future of the insurance sector after Brexit, the Financial Conduct Authority’s CEO has warned.
Mapfre to consolidate EMEA and Asia-Pacific businesses
Spanish insurer Mapfre is exiting five US states and consolidating its EMEA and Asia-Pacific businesses.
German D&O market marked by insured v insured claims
Ulrich Schaller, portfolio manager, financial & specialty markets, at QBE Insurance (Europe), explains the specificities of the German D&O market.
LMG outlines post-Brexit free trade agreement
The London Market Group has outlined a free trade agreement for the insurance sector to help the industry navigate trade issues during Brexit negotiations.
Analysis: Review of the year 2017
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…
Ophelia to cost industry €60m, says Perils
Catastrophe loss analysts Perils has pegged the market loss for Ex-Hurricane Ophelia which battered the coast of Ireland, at €60m.
Brit launches third-party capital backed specialty reinsurer
Specialty insurer Brit has launched a specialty reinsurance platform, Scion Underwriting Managers, which will take advantage of both Brits own balance sheet, other markets and third-party capital providers.
Allianz launches takeover bid for Euler Hermes
Allianz will aim to buy the remaining portion of Euler Hermes for €1.85bn (£1.65bn).
UK P&I Club sets up post-Brexit hub in Netherlands
The UK P&I Club has set up a post-Brexit European hub in the Netherlands.
Aviva announces equal parental leave for staff
Aviva has announced a group-wide policy to offer men and women equal parental leave.
Guernsey-based Chinese insurance company established
Brilliant Reinsurance has become Guernsey’s first Chinese insurance company.
Blog: Choosing the right IT system
Grzegorz Podlesny, partner at Sollers Consulting, explains how insurers can choose the right IT system for their activities.
Haegeli named Swiss Re's chief economist
Jerome Jean Haegeli will become Swiss Re's group chief economist at the Swiss Re Institute.
Liberty promotes Beechey to global financial risks role
Liberty Specialty Markets has named Andrew Beechey as head of underwriting and strategic development for global financial risks.
H2 nat cats set to push up P&C pricing, says Swiss Re
Prices in non-life insurance and reinsurance are expected to increase as a result of the recent nat cat activity across the Atlantic, Swiss Re has said.
Blog: Are suppliers ready for the GDPR challenges?
The thought of the incoming General Data Protection Regulation may send some into panic but Steve Cook, managing director of Covent Bridge, says suppliers have been ahead of the game for some time through self-imposed compliance.
Brexit: Sompo International to set-up Luxembourg operation
Bermuda-based P&C (re)insurer Sompo International is planning to establish a European headquarters in Luxembourg.
Nat cats could cost MS&AD $972m
MS Amlin owner MS&AD Insurance Group could see losses of over $972m (£734m) as a result of second quarter nat cat losses including hurricanes Harvey, Irma and Maria as well as earthquakes in Mexico.
Insurance firms 'should lower premiums for Tesla cars'
Insurers should lower premiums for Tesla cars owing to increased safety features built into the vehicles, analysts said.
Compre to acquire reinsurance portfolio from Allianz
Compre has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz for an undisclosed sum.