Finland
Worsening economic outlook pushes up IPT
Several governments across Europe have ramped up insurance premium tax rates in response to finance deficits and a worsening economic outlook, research has shown.
Randall & Quilter buys Finnish reinsurer
Randall & Quilter Investment Holdings has reached agreement to acquire the entire issued share capital of Finnish domiciled reinsurer Alma Insurance Company from Tapiola General Mutual Insurance Company, subject to change of control approval by the Fin…
BP Marsh assessing Finnish purchase
Venture capital firm BP Marsh is weighing up the acquisition of a broker in Finland, according to chairman Brian Marsh.
Allianz, Generali and Munich Re dominate as European travel insurance market prospers
European markets for travel insurance and assistance continue to flourish with Allianz, Generali and Munich Re heading the market.
Analysis: Major events in the Russian insurance market in Q2 2012
Highlights for the Russian insurance market for Q2 include a number of important personnel reshuffles, several companies being sold and problems with a high roller. Paul Koshik reports.
Tapiola and Local Insurance agree outsourcing deal with Tieto
Finnish insurers Tapiola and Local Insurance Group have signed a five-year deal to outsource IT infrastructure services to Finnish IT services company Tieto.
Tapiola endorses Moody's Solvency II software
Finnish mutual insurer Tapiola has selected Moody's Analytics' Solvency II software to enhance its risk management infrastructure and help it meet the forthcoming Solvency II deadline.
European construction – back to good health?
Construction markets have suffered across the globe with the financial downturn biting hard. Edward Murray investigates whether there are any glimmers of hope for the European market in 2012.
Axa raises €2.5bn to invest in the European property market
French insurer Axa will invest up to €2.5bn in the development of green and brownfield sites and existing properties which require extensive redevelopment across the continent, to exploit the gap left by banks in the property lending market.
Claims from Windstorm Dagmar in Scandinavia to break $46m
According to catastrophe modeling firm AIR Worldwide, Windstorm Dagmar, which moved across Russia north of St Petersburg on Christmas Day and until the early hours of 27 December 2011, caused power outages, tree-downings, and landslides and other…
Social media: The Nordic challenge
Voters in the recent Danish election set records with their tweeting but as Francesca Nyman reports insurers in this region are yet to take real advantage of this increasingly popular medium.
Tapiola has rating affirmed by AM Best
Tapiola General Mutual, Finland’s largest mutual insurer, has had its financial strength rating of A (Excellent) and its issuer credit rating of “A” affirmed by ratings agency, AM Best. The outlook for both ratings is stable.
Whiplash - Britain: The European whiplash capital
With its proportion of whiplash claims far outstripping any other European nation, what must the UK do to curb this cause of claims inflation?
AIR updates European wind and earthquake CAT models
Catastrophe risk modeling firm AIR Worldwide has released updates to its Extratropical Cyclone and Earthquake Models for Europe.
Property claims: UK businesses have failed to respond to roof collapse threat
The severity of the winter 2010 cold snap exposed a lack of preparedness by UK businesses, according to Huw Chandler, property risk engineering practice leader at XL Insurance.
Sampo Group entities' outlook revised
Fitch Ratings has revised the outlook to stable on Sampo Group's main entities, including the Finnish life insurer Mandatum Life Insurance Company, the Swedish entities of If non-life insurance group and the ultimate holding company of the Sampo Group,…
Sampo Group entities' outlook revised
Fitch Ratings has revised the outlook to stable on Sampo Group's main entities, including the Finnish life insurer Mandatum Life Insurance Company, the Swedish entities of If non-life insurance group and the ultimate holding company of the Sampo Group,…
Nordic insurance is a vital supplement to the welfare state report finds
Fitch Ratings has found that the Nordic insurance market is becoming increasingly important as a supplement to the welfare state.
Nordic insurance is a vital supplement to the welfare state report finds
Fitch Ratings has found that the Nordic insurance market is becoming increasingly important as a supplement to the welfare state.
Post Europe: Nordic construction
The Nordic area has been resilient throughout the economic downturn and is now showing signs of grow in areas including construction. While projects are usually funded by Nordic capital Asa Berglund and David Braybrook reveal that the region is open to…
Nordic construction remains resilient
The Nordic area has been resilient throughout the economic downturn and is now showing signs of grow in areas including construction. While projects are usually funded by Nordic capital Asa Berglund and David Braybrook reveal that the region is open to…
XL names new Nordic chief
XL Insurance has appointed Peter Wullimann as its new country manager for the Nordic region.
XL names new Nordic chief
XL Insurance has appointed Peter Wullimann as its new country manager for the Nordic region.
Taxation - IPT changes: A taxing issue across Europe
2011 brings with it many changes to insurance premium tax across Europe and a big headache for insurers operating locally in different countries or across multiple European territories. Edward Murray explains why it is crucial for insurers to stay on top…