Germany
Talanx completes IPO
German insurance group Talanx AG has completed its IPO with an initial listing of shares on the Frankfurt Stock Exchange today.
Talanx floats on Frankfurt Stock Exchange
Talanx AG has started trading on the Frankfurt and Hanover stock exchanges at €19.05 after two failed floats.
UK private medical cover second most expensive in Europe
UK policyholders of private medical cover pay some of the highest premiums in Europe, despite scaled back cover and a limited choice of providers.
Germany's GI sector stable, says Fitch
The rating outlook for the German non-life insurance sector remains stable, with motor rates expected to continue recovering in 2013, according to Fitch.
Hannover Re develops reinsurance for Ukraine market
German insurer Hannover Re has developed a bespoke reinsurance programme for the Ukranian market, according to a report by Romania-based news agency Xprimm.
Allianz shuns European sovereign debt
German insurer Allianz will eschew European sovereign debt when seeking future investments, preferring to invest in energy and infrastructure projects, chief executive Michael Diekmann said this week.
European floods: keeping the funds flowing
Floods are an on-going threat for Europe, yet the approach to insuring and recovering from them is wide and varied. Francesca Nyman investigates how Europe is tackling the issue and what the future is likely to bring.
Reinsurers look to underwriting results as investment yields fall
The investment returns achieved by reinsurers have fallen significantly during 2012 as Eurozone fears drive a flight to higher grade securities perceived as less risky, according to Guy Carpenter.
Mondial to trade under Allianz brand
Mondial Assistance UK is changing its trading name to Allianz Global Assistance, aligning the brand with parent the Allianz Group.
Munich Re considers ILS fund
Munich Re may launch a fund to allow investors to buy catastrophe bonds and other insurance linked securities to meet the growing demand for instruments linked to natural disasters.
German health insurance system to post surplus for 2012
The Bundesbank expects Germany's public health insurance system to record a significant surplus again this year, according to the website of Deutsche Börse Group.
Haagen replaces Karner as AGCS aviation head
Allianz Global Corporate & Specialty has appointed Henning Haagen as global head of aviation for its European, Middle East and Asia and Asia Pacific divisions.
DLG drafts in management trio as part of international shake-up
Direct Line Group has further bolstered its international standing following the "high calibre" addition of three new members to its expanding management team.
Talanx in shock IPO turnaround
German insurance giant Talanx has made the unprecedented move of committing to an initial public offering barely seven days after saying it had cancelled the planned listing due to market sentiment.
Talanx resumes £3bn IPO days after abandoning float
Talanx AG is to restart plans to launch an initial public offering on the Frankfurt Stock Exchange, scheduled for October.
Solvency II could face more delays
Disagreement between European Union member states over the final shape of Solvency II could further delay the implementation of the regulations, Reuters reported yesterday.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Politics is a major risk for renewables sector, says Willis
Resource nationalism is threatening projects in the renewables sector, according to Willis' head of political and export risk Andrew Van den Born.
Axa Germany parts company with two board members
The German arm of global insurer Axa has confirmed that board members Ulrich Niessen and Markus Hoffman will leave the company at the end of the month.
Pinsent Masons opens Paris office
International law firm Pinsent Masons has opened an office in Paris as it targets insurance work in mainland Europe.
Allianz board members to swap jobs
Oliver Bäte and Dieter Wemmer will exchange roles from 1 January 2013, it was announced at a supervisory board meeting yesterday.
Transsexual policy holders entitled to breast enlargement, German court rules
Male-to-female transsexuals can claim for breast enlargement surgery under their insurance policy if hormone therapy fails to give them a feminine shape, a German court has ruled.
Talanx scraps IPO
Talanx AG is cancelling its initial public offering after investor's valuations of the company "deviated significantly" from the valuation given by banks managing the IPO.
Talanx pulls out of IPO
German insurer Talanx AG is to cancel its initial public offering after investor feedback on the company's valuation "deviated significantly" from analyst estimates.