Europe
CCPC issues summonses to Irish motor insurers as premiums continue to rise
Major Irish motor insurers and brokers have been issued with witness summonses from the Competition and Consumer Protection Commission.
Interview: Graham Smart, McLarens Europe
It has been three years since Graham Smart took over the role of McLarens Europe MD from Trevor Latimer. He reflects on the challenges the market has faced and what growth opportunities remain.
Rosgosstrakh posts colossal losses amid troubled Russian motor market
Rosgosstrakh suffered record-breaking losses of Rbl8.65bn (£100m) in the first half of the year, caused mainly by car insurance as compulsory motor third party liability remains the most troubled market segment in Russia - a situation that is not…
Norwegian tie-up with Gable hangs over solvency concerns
One of the largest trade organisations in Norway has asked its broker for alternative cover arrangements after its insurer, Lichtenstein-insurer Gable Holdings, stopped writing new business.
Rebranded Ed takes its name from Lloyd's roots
Newly rebranded Ed, the international broker formerly known as Cooper Gay, has revealed to Post the inspiration behind the name is Lloyd's founder Edward Lloyd.
Europe: Delegated authority arrangements need to be reviewed ahead of the Iber's expiration
Although the British electorate has voted for Brexit, the UK remains a member of the European Union for the time being, and EU competition law continues to apply in the UK.
In the September issue of Post
The London Fire Brigade, the anniversary of the great Fire of London and the Top 30 European insurer ranking are in the September issue of Post.
Top 30 European insurers 2016: At the top of their game
A lack of large natural disasters, favourable exchange rates and a number of sizeable mergers have seen many of the top 30 European insurers weather the tough environment and climb the rankings
Axa Belgium to cut 650 jobs in strategic restructure
Axa Belgium has announced a strategic plan for 2020 that could lead to up to 650 redundancies.
Helvetia reports increased underlying earnings and new corporate structure
Swiss insurer Helvetia Group has reported an increased underlying earnings of 8% to £238m in the first half of 2016 (2015: £220.9m).
Nelson: Brexit is an opportunity to offload ‘burdensome’ regulation
Lloyd’s chairman John Nelson has called for the UK to abandon “overly burdensome” regulation following Brexit.
RGL Forensics expands to Europe with Frankfurt office
RGL Forensics has expanded into Europe through acquiring an overseas office in Frankfurt, Germany and the company has appointed Christian Skodczinski as an RGL partner and head of the new office.
Brexit is opportunity to abandon ‘mad’ gender directive
Female drivers in the UK could have saved £500m every year since the European Union’s Gender Directive was introduced.
Lloyd’s chairman hints at post-Brexit EU underwriting hub
Lloyd’s chairman John Nelson has hinted that the corporation would establish an underwriting hub in Europe if the UK loses single market access.
Italian government appoints czar to oversee earthquake reconstruction
The Italian government has appointed a reconstruction czar to oversee rebuilding following last week’s magnitude-6.2 earthquake which struck Italy's Umbria region.
EU motor recalls hit highest point in years, continue to rise
Motor vehicle recalls across the EU have continued to rise, reaching their highest point since at least Q1 2013.
Swiss Re Corporate Solutions launches cyber cover offering
Swiss Re Corporate Solutions has expanded its cyber offering with the launch of market-specific primary insurance product CyberSolutions Germany.
Europe: Bermuda and its Solvency II equivalent meet the highest standards
Bermuda has been granted equivalent status under the Solvency II directive, besides being approved as a qualified jurisdiction by the US National Association of Insurance commissioners.
Fosun's insurance profits fall as revenues more than double in first half
Chinese conglomerate Fosun's insurance division saw mixed fortunes in the first half of 2016.
Europe's insurance market grows despite 'needlessly expensive' Solvency II
Europe’s insurance industry had almost €9800bn invested in bonds, company shares and other assets in 2015, representing a 1.7% increase on the previous year.
Global renewal rates fall for 13th consecutive quarter, says Marsh
Global commercial insurance renewal rates dropped 3.6% in the second quarter of 2016 according to the Marsh Global Insurance Market Index.
Italian earthquake 'will not lead to significant insurance losses'
Though clearly a massive humanitarian impact event, Wednesday’s earthquake in central Italy will not lead to significant losses for insurers, risk modelling firm RMS said.
German non-life premiums to continue rising to offset declining investment yields
German non-life insurers will continue to increase premiums to offset declining yields on their investment portfolios, Fitch Ratings has predicted.
Greenwood takes on international role at CII
Mark Greenwood, the Chartered Insurance Institute's Asia-Pacific regional director, has taken on the new role of international director.