Lithuania
Admiral defeats fundamentally dishonest fraudster; Ardonagh Academy launched; start-up Coral aims to disrupt LEI sector; and Pool Re to cut prices
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
SRA launches unrated insurer ban consultation
The Solicitors Regulation Authority is to consult on a potential bar on professional indemnity insurers rated below B on financial strength.
Former UK GI CEO McMillan to become Aviva Europe boss as Trevor Matthews quits
David McMillan has been appointed CEO of Aviva Europe.
Market moves: Brokers lead recruitment drive with major hires at Reich, Russell Scanlan and RFIB
The recruitment space belonged to broking this week, with Reich, Russell Scanlan and RFIB all recruiting senior staff. Reich welcomed a new head of group operations, while Russell Scanlan and RFIB added directors to their respective teams. Meanwhile,…
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Lithuanian insurance market to grow at least 6% in 2013
Lithuanian insurers can expect the non-life sector to grow by up to 7% this year owing to the increased spending power of its citizens, RSA said today.
13% growth in CEE helps VIG Group profit grow 7%
The Vienna Insurance Group has posted a 7% increase in profit for the first half of 2012 compared to 2011, helped by a 13% growth in profit from Central and Eastern Europe.
A mutual future?
Regulations like Solvency II will have a significant impact on mutuals across Europe. Francesca Nyman asks whether the model will survive.
Bancassurance: a bright future?
With all the turmoil across the Eurozone and with regulatory upheaval ahead, it seems it could be an interesting time for the bancassurance market, as Jakki May reports.
Ireland 123 aquisition drives RSA's profits up for Q3
The acquisition of 123 in Ireland last year and growth across central and emerging Europe has helped RSA to report further growth in quarter three of 2011.
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.
Compensation harmonisation across the EU
The European Union has a raft of measures to try and achieve harmonisation between member states but as Sarah Hamilton reports there is a long way to go in achieving a single compensation system.
Axa takes hit on illegal vodka industrial blast
Axa faces a large insurance claim following an explosion at an industrial unit in Boston, Lincolnshire that was being used to produce illegal vodka.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
EC takes France to court for failings on industrial pollution
On the recommendation of environment commissioner Janez Potočnik, the European Commission is taking France to the European Court of Justice for failing to comply with European Union rules on industrial emissions.
EC takes France to court for failings on industrial pollution
On the recommendation of environment commissioner Janez Potočnik, the European Commission is taking France to the European Court of Justice for failing to comply with European Union rules on industrial emissions.
Insurance Insight Interview – Tara Kneafsey
Latvia’s insurance market is young and has been hit hard by the global recession, Tara Kneafsey, CEO of RSA Latvia, Balta, talks to Stephanie Denton about how the market has been able to innovate and how holding rates will be crucial to future survival.
Post Europe Interview – Tara Kneafsey
Latvia’s insurance market is young and has been hit hard by the global recession, Tara Kneafsey, CEO of RSA Latvia, Balta, talks to Stephanie Denton about how the market has been able to innovate and how holding rates will be crucial to future survival.
JLT strikes Euro alliance with three continental powerhouses
Three European independent insurance brokers, Siaci Saint Honore, Greco Group and Ecclesia Group have come together with Jardine Lloyd Thompson to sign an exclusive trading agreement.
JLT strikes Euro alliance with three continental powerhouses
Three European independent insurance brokers, Siaci Saint Honore, Greco Group and Ecclesia Group have come together with Jardine Lloyd Thompson to sign an exclusive trading agreement.