Europe
AIG's Baldwin on how the London Market should view Brexit
As Brexit discussions continue, Anthony Baldwin, CEO of AIG Europe and AIG UK, asks if the London Market should be die-hard Brexiteers, cautious optimists, accepting pragmatists or devastated pessimists.
Axa UK boss Tortuyaux joins RSA France
Former Axa UK boss Gaëlle Tortuyaux has joined RSA France as managing director.
Munich Re warns on Q3 loss following Harvey and Irma
Reinsurance giant Munich Re has said it could miss its full year 2017 profit target as a result of extensive damage from hurricanes Harvey and Irma.
International: Battling cyber crime in ports and at sea
Susanna Marsden, claims executive at the TT Club, looks at the causes of cyber crime, risks to ports and ships, as well as the practical issues affecting insurers and brokers.
Insurance growth to drive infrastructure resilience boom: World Bank CFO
Insurance sector efforts to boost coverage in both developed and undeveloped markets has the potential to create more resilient infrastructure and mitigate risks, the World Bank’s chief financial officer has said.
Reinsurers ‘living off the past’ says AM Best executive
"Concerning" negative trends within the non-life reinsurance market have been hidden by loss reserve development, an AM Best executives has said.
Generali sells Generali Nederland to ASR Nederland
Generali Group has entered into a share purchase agreement to dispose its entire shareholding in Generali Nederland.
Analysis: D&O and the rise in securities class actions
Securities class actions are on the increase as law firms target smaller companies and focus on litigation related to initial public offerings
Prejudice against insurance driving protection gap, says Swiss Re CEO
A lack of understanding of insurance and prejudice against the sector is hampering progress in closing the protection gap said, Swiss Re’s CEO.
This Month in Post: Discount, diversity and data
There was some good news and some bad news this week for the insurance industry.
Marsh restructures global management
Broking giant Marsh has unveiled a new global management structure, including new appointments to its executive management team as part of a global management shake-up, effective immediately.
Top 30 European Insurers 2017 Ranking: A mixed year for insurers
Market conditions for European insurers are extremely challenging, with companies facing a wide range of difficulties. Some have had to restructure their books of business because of poor results in the past, although their ability to turn around…
Analysis: Renewables - Riding out the storm
The risk landscape in renewable energy is constantly changing and underwriters need to exercise proper due diligence, argues Fraser McLachlan, CEO of Gcube Underwriting.
EY collaborates with insurers on marine blockchain application
Global consultancy EY has been working with insurance firms, software companies, ACORD and global shipping company Maersk to provide a blockchain platform for marine insurance.
Tokio Marine picks Luxembourg for post-Brexit EU hub
Tokio Marine has become the latest insurer to base its post-Brexit European hub in Luxembourg.
Gallagher boosts Scandinavian footprint with broker purchase
Arthur J Gallagher has acquired Scandinavian property and casualty broker Nordic Försäkring & Riskhantering for an undisclosed sum.
Helvetia posts 8% boost in profits for H1
Swiss insurance group Helvetia increased its profits by 8% to SFr 258m (£208m) in the first half of 2017.
JLT acquires Belgian broker Belgibo
JLT has acquired Belgian specialty broker Belgibo from Exmar Group to further secure a post-Brexit presence on the continent.
Axa's Tanguy Touffut on how Big Data is enabling parametric insurance
Big Data and satellite technology are enabling parametric insurance, explains Tanguy Touffut, CEO of Axa Global Parametrics.
Vienna Insurance Group completes merger with Wiener Städtische Osiguranje
Vienna Insurance Group has completed its merger with Wiener Städtische Osiguranje and the two Axa companies it acquired last year.
Insurance Europe responds to Vnuk consultation
Insurance Europe and the Council of Bureaux have issued a joint response to the European Commission’s inception impact assessment on the Refit review of the Motor Insurance Directive.
German insurtech start-up raises $10m seed investment
Berlin-based insurtech start-up Coya has raised a seed investment of over $10m from global investors including Brolly backer Valar Ventures.
QBE's Grant Clemence on moving CSR forward
Insurers must think more ambitiously about their corporate social responsibility, says QBE Foundation's chairman Grant Clemence
Aviva sells stake in Italian insurance business
Aviva has sold its stake in its Italian joint venture Avipop Assicurazioni SpA.