Europe
Axa completes Sun Life sale to Phoenix Life
Axa has completed the sale of its UK life and savings businesses.
Enterprise deficit nine times larger than predicted
Failed Gibraltar insurer Enterprise had a total deficit of £96.4m, almost nine times more than the original estimate of £11m.
The rise and fall of Gable – where does this leave brokers?
The Liechtenstein-based insurer entered administration last month
The secret battle at Lloyd's: Forgetting your Names
The capital provided by Names at Lloyd’s has fallen from 100% to just 10% – are we seeing the end of a long tradition?
Insurance Europe sets out demands for IPID
Insurance Europe has published an insight briefing urging the European Insurance and Occupational Pensions Authority to simplify the insurance product information document.
Fadata increases investment in Nordic region with new Stockholm office
Fadata has decided to increase its investment in the Nordic region through the launch of its new office in Stockholm.
State of the Broker Nation: Regulation
In the second part of Post’s research, brokers talk candidly to Michèle Bacchus about the British Insurance Brokers’ Association, the Financial Conduct Authority, the government and the European Union
QBE's Richard Pryce on why the insurance industry must seek certainty on Brexit
We all planned for it but it’s fair to say that few among us believed we would actually have to execute our Brexit contingency strategies.
Gibraltar launches ‘major investigation’ into Enterprise board
Gibraltar will launch a “major investigation” into whether Enterprise Insurance misled its financial watchdog over its financial position.
Bollington to transfer 3500 policies affected by Enterprise
Bollington Underwriting will block transfer 3500 policies affected by the Enterprise collapse to a new provider.
FSCS starts refunding motor premiums of Enterprise customers
The Financial Services Compensation Scheme will refund motor policies for customers affected by the Enterprise collapse from today.
Legal & General is top insurer for shareholders
Legal and General is the world's top value creating insurer for shareholders, according to a new report.
FSCS will protect policyholders of Liechtenstein insurer Gable
The Financial Services Compensation Scheme said it will protect consumers affected by the Gable administration, should the firm become insolvent.
Zurich's Karl Helgesen to replace RSA's Bill Paton as claims director
RSA’s Bill Paton is to step down as claims director for the UK, Western Europe & Middle East at the end of April 2017. He will be succeeded in the role by Zurich's Karl Helgesen, pictured.
Principal to boost motorcycle offering with Tansar deal
Principal Insurance has teamed up with non-standard motor underwriter Tansar to add to its motorcycle insurance offering in Ireland.
Standard Club expands Nordic footprint with MGA venture
The Standard Club has increased its footprint in Scandinavia by launching a Managing General Agency joint venture with Oslo-based Lloyd’s approved marine insurer Hydor AS.
Brokerslink expands base with private stock offering
Brokerslink has completed a private stock offering to take its base of shareholders to 55 members in 40 countries.
Europe: Berating the ratings
Fitch Ratings caused a stir when it criticised the Insurer Financial Strength ratings issued by one of its main rivals, AM Best.
AIG in £195m sale of assets to Fairfax
AIG will sell its Latin American and Central and Eastern European operations to Fairfax for £195m.
Hard Brexit puts £7.3bn of London premiums at risk
More than £7.3bn of premium in the London market will be potentially affected by a change to passporting arrangements following Brexit.
Aon rolls out earthquake risk model for Iceland
Aon Benfield has launched a new catastrophe model to better weigh the risk of earthquakes occurring in Iceland.
Italian government extends funding to fix damage cause by quake
Damages caused by the recent earthquake in Italy will be paid out by the state, the Italian government decided earlier this week.
Bupa opens office in Switzerland
Bupa has opened a new office in Zurich in order to cater to the growing expatriate base in Switzerland.
Brexit raises health and safety law questions
Some health and safety rules might come under review after Brexit but excessive deregulation could have an impact on fatalities and insurance premiums.