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…

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.

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.

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,…

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…

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