Germany
Dam bursts on River Elbe
23 000 people have been evacuated from the east German city of Magdeburg after a dam burst as the River Elbe overflowed.
Perils releases European flood satellite pictures
Zurich-based independent catastrophe data company Perils has released satellite-based 'flood footprints' for the ongoing floods in Central Europe which are affecting mainly Germany, Austria and the Czech Republic.
Insured flood losses likely to be below 2002 level
The macroeconomic losses from the floods in central Europe are likely to far exceed the insured losses, Munich Re’s chief executive Niclaus von Bomhard said.
Hiscox appoints Axa's Tondu-Melique as European chief operating officer
Hiscox has appointed Florence Tondu-Melique as its new European chief operating officer.
Allianz buys Swedish windfarm for undisclosed sum
Allianz said on Wednesday it has bought a Swedish windfarm taking its investment in renewable energy in Europe above €1.5bn.
“Significant damage” expected from devastating European floods
Catastrophe modelling firm Eqecat has warned the industry to expect significant damage from the floods that have inundated Germany, Austria and the Czech Republic over the past week.
Blog: Insurance spawns Germany's longest word
In a week of exciting news the best was saved for today when the longest word in the German dictionary – Kraftfahrzeughaftpflichtversicherung - was confirmed to be insurance-related.
Heavy rain causes “record” Central European flooding
Floods wracking Germany, Austria and the Czech Republic are the worst for 70 years according to catastrophe modeller AIR Worldwide.
German floods reach record levels
Heavy and relentless rain has resulted in some of the worst flooding seen in Central Europe for more than 70 years.
Severe flooding hits Central Europe
Authorities in Central Europe have declared states of emergency after severe flooding hit cities across the region.
Regional players may miss Solvency II deadline
Solvency II must be implemented in January 2016, whether or not the continent's smaller, regional are prepared, according to Charles Juniper, analyst at Ovum.
Internationalisation: Taking Flight
The economic downturn has led many European companies to look to emerging markets for growth. Can insurers capitalise on the trend? Anna Pitton explains.
Marketing: European exposure
In the UK, the insurance industry is well known for its marketing and advertising campaigns but is brand management as effective in Europe, Francesca Nyman explains.
P&I Club anticipates "most expensive year" for International Group pool
The London P&I Club’s result for the 2012/2013 financial year was a surplus across all classes of $9.4m, increasing the free reserve to $154m.
Allianz achieves record revenue in Q1
Allianz achieved total revenues of €32bn in the first quarter of 2013 the highest quarterly total revenues in its history, and an increase of 6.6% on the first quarter of 2012.
AGCS appoints technology risks underwriter
Allianz Global Corporate & Specialty has appointed James Tuplin as a technology risks underwriter within the financial lines team.
VFTT: Anticipating client growth aspirations
Europe's slow recovery is encouraging firms to seek growth in unfamiliar markets, but few consider whether their insurer is equipped to support them in their expansion, QBE's Barbara Chandler says.
Allianz wins 20-year naming deal for Sao Paulo stadium
German insurer Allianz has entered into an agreement that will see it name Brazil’s newest outdoor stadium, currently known as Nova Arena.
Allianz revenues jump 6.6% in Q1
German insurance giant Allianz recorded revenues of around €32bn in the first quarter of 2013, up 6.6% on the previous year.
Top 5 European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Liberty Syndicates celebrates a decade in Cologne
Brokers, policyholders and politicians turned out in Cologne to help Liberty Syndicates celebrate 10 years since the insurer opened an office in the German city in 2003.
Ince & Co promotes German lawyer to partner
Sami Chowdhury has been made a partner at insurance specialists Ince & Co in Hamburg.
Top 5 European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Insurance Insight Q+A: Frank Pinder, Global Options
Global Options president Frank Pinder speaks to Francesca Nyman about fraud, special investigative units and the US company’s European ambitions.