Europe, the Middle East & Africa (EMEA)
Building Block expands into Spain
Malta-based Building Block has signed an agreement with broker Slora to sell gadget insurance in Spain.
Aon Benfield appoints Frankland as UK CEO
Aon Benfield has appointed Nick Frankland to CEO of its UK business.
Regulation is 'number one threat to insurer investment'
UK insurers view regulatory risk as the number one concern effecting a firms’ investment strategy, according to the global insurance survey.
JP Morgan appoints new EMEA head of insurance
JP Morgan Asset Management has promoted Stefan Lummert to EMEA head of insurance.
Deloitte promotes Rush to insurance leader
Deloitte has appointed senior audit partner David Rush as insurance head and Europe, Middle East and Africa insurance group co-head.
Moody's puts Willis' debt rating on negative watch following Gras Savoye deal
Moody's Investors Service has revised the outlook on the BAA3 senior unsecured debt rating of Willis Group and its subsidiaries to negative from stable.
Guy Carpenter boss predicts further shrinkage in reinsurance buying pool
The reinsurance buying pool is likely to continue its ten year reduction, according to Guy Carpenter EMEA operations CEO Nick Frankland, who has called for perspective in relation to falling renewal rates.
Fraud a bigger concern among EMEA financial firms than global counterparts
Europe, Middle East and Africa based financial institutions are more concerned about risks related to fraud and employee dishonesty than their global counterparts, according to a study by Aon Risk Solutions.
Private equity eying larger EMEA insurance stake
Insurance firms across Europe, the Middle East and Asia are more focused on disposals than acquisitions as they look to shed non-core units and strengthen their market positions elsewhere.
Marsh predicts uptick in EMEA trade credit claims
Trade credit insurance claims are expected to rise in Europe, the Middle East and Africa throughout the remainder of 2014, as more firms across the region over-stretch themselves as they seek to capitalise on economic growth.
AIG names McNamee as Aubert's successor in UK MD role
Jacqueline McNamee will take over from Nicolas Aubert as AIG’s managing director for the UK.
Ace survey points to heightened concern over civil unrest in EMEA
Concerns relating to civil unrest and political violence have overtaken fears over terrorism for companies across Europe, Middle East and Africa, according to a study conducted by Ace Group.
Ace Global Markets increases environmental insurance capacity
Ace Global Markets is increasing its capacity for clients seeking environmental liability insurance coverage to $50m (£30m).
AIG strengthens EMEA team
AIG Europe has appointed Kelly Lyles as head of specialty lines for the EMEA region.
AIG appoints Seraina Maag to head EMEA business
AIG has appointed Seraina Maag as president and chief executive of its Europe, Middle East, and Africa region business.
Towers Watson research finds 70% of global insurers considering M&As
International insurers are regaining their appetite for mergers and acquisitions, according to a Towers Watson and Mergermarket survey of senior insurance M&A executives.
Aon Benfield research finds 32 markets have COR below 100%
Aon Benfield research has found 32 of the top 50 markets have a five year combined ratio under 100% while the EMEA area leads the way regionally with a COR of 98% overall.
Cross-border acquisitions drive demand for transactional risk insurance
Global demand for transactional risk insurance grew by 41% last year as firms turned to insurance to protect large deals and cross-border acquisitions and sales, according to Marsh.
Energy firms face increasing cyber threat exposure: Marsh
Oil and gas firms should brace for a wave of cyber threats according to Marsh, citing convering technological, terrorism and political risks.
RSA increases premium by 5% and cuts dividend
RSA Group has reported operating profit of £684m (2011: £727m) for 2012 including an entirely flat underwriting result of £375m.
Zurich GI profit falls after Sandy and German 'system error'
Operating profit in Zurich's general insurance business dropped by $150m to $2.1bn year-on-year in 2012 after above average catastrophe and weather-related losses offset gains made through tighter underwriting discipline and expense management.
AIG names new president of EMEA commercial insurance
AIG has named Emmanuel Burlé as president of commercial insurance for Europe, the Middle East and Africa.