Germany
Allianz Group to beat 2013 forecast
Insurance giant Allianz will beat its 2013 profit forecast of €9.7bn despite European storm losses.
Munich Re targets €3bn profit for 2013 after weak Q3
Munich Re believes profit of €3bn (£2.5bn) to be “achievable” for the full year after achieving profit of €2.2bn for the first nine months.
AIR Worldwide estimates windstorm Christian losses could reach €2.3bn
Catastrophe modelling firm AIR Worldwide has estimated insured losses from windstorm Christian will range between €1.5bn and €2.3bn, with the majority of insured losses occurring in Denmark and Germany.
International: Europe: Changing the channel
A recent study suggests insurers are failing to take advantage of digital channels. How can they harness the benefits on offer?
Windstorm could result in underwriting losses in Germany, predicts AM Best
Regionally focused German insurers may incur underwriting losses for the year from an accumulation of natural catastrophes, a report from AM Best has found.
Europe-wide Windstorm Christian losses could hit €1.3bn
Losses from a storm hitting Northern Central Europe could top €1.3bn according to latest estimates from Willis Re.
Europe: Changing the channel
In a competitive market such as insurance, industry players need to keep up with their customers to target the most effective channels for communication and engagement.
Winter storm Christian is worst in a decade
Winter storm “Christian” (known as “St. Jude” in the United Kingdom) battered the western shores of southern Britain early on Monday, October 28, 2013, as one of the strongest extratropical cyclones to affect the region in perhaps a decade.
Cash compensation for the minority shareholders of Generali Deutschland Holding
As part of the squeeze-out procedure to take full control of Generali Deutschland Group, Assicurazioni Generali has notified its subsidiary Generali Deutschland Holding AG about the amount of cash compensation to be granted to the minority shareholders…
Europe: Insurance valuation processes
How does insurance valuation practice differ in territories around the world? Nigel Wilson explains.
German nat cat loss estimates released
Germany continued to fuel catastrophe losses for insurers and reinsurers in the third quarter, with several underwriters issuing estimates from hailstorms in the region.
International: Europe: Go west
Are Asian investors likely to continue their interest in the European insurance market? Edmund Tirbutt investigates.
Hiscox expands Prima Insure deal into Germany
Bermuda-based insurer Hiscox has agreed to grow the use of distribution tool Prima Insure into Germany after seeing success in France.
Swiss Re forecasts $240m hit from German hailstorms
Hailstorms in northern and southern Germany in July will generate a claims burden of approximately $240m (€177.6m) for Swiss Re, the firm said today.
Europe: A pen for Europe?
Managing general agents have seen a resurgence of popularity in the UK, but has there been a similar renaissance across the continent? Tim Evershed investigates.
Lloyds Bank completes €300m German life insurer sale
Lloyds Banking Group has completed the sale of life insurer Heidelberger Leben to a combination of Hannover Re and Cinven, a private equity group.
Equinox Global bolsters Hamburg & New York units
Equinox Global has named Dagmar Böhning as underwriting manager at Equinox Global in Hamburg, Germany and Joe McNamara as vice president of credit and political risk in New York.
Hannover Re enters talks to buy Heidelberger Leben
Hannover Re is poised to buy Lloyds banking group’s German insurance arm for a fee of €400m, according to media reports.
German health cover purchases soar after rule change
Purchases of health insurance in Germany have swollen after state rules on waiting periods have been abolished.
Europe: Continental catastrophes
An EC Green Paper proposing harmonisation of catastrophe insurance across Europe has faced strong criticism from the market. Edmund Tirbutt explains why.
Talanx achieves 10% increase in GWP in H1
German insurance giant Talanx Group achieved a 10% increase in gross written premiums in the first half of 2013 to €15bn.
Europe: Aggregation domination
Research suggests that the use of aggregators in Europe is growing but can the continent replicate the price comparison success seen in the UK? Mark Sands investigates.
Kiln hires senior accident and health underwriter in Germany
Kiln has appointed Claudia Alaimo as senior accident and health underwriter for Europe.
Renewables market could triple insurance spend by 2020
The renewable energy industry could triple its annual insurance spend by 2020 to mitigate risks to projects, according to a new report sponsored by Swiss Re.