For the first half, Axa has reported property & casualty revenues were up 2% to €16.5bn, mainly driven by an overall positive price effect of 3% on average. Overall total revenues were up 4% to €50bn across the group.
Italian insurer Generali, has become an official sponsor of the Moto GP series, the international motorcycle racing championship.
The top five European stories from www.insuranceinsight.com over the past seven days.
In the second of a two-part series Insurance Insight asked members of Insuralex, the global group of specialist insurance and reinsurance lawyers, to highlight their thoughts and predictions for the new year.
Ageas UK CEO Barry Smith has been promoted to a new Ageas group role of chief operating officer.
Fitch Ratings has issued the Italian insurance industry with a negative rating outlook for 2013, indicating an elevated risk of downgrades for Italian insurers over the next 12 to 24 months.
Analysis of 31 European banks and insurance companies in four areas of corporate social responsibility has found that nearly 50 points separate the best and worst scores.
Moody's Investors Service has downgraded three Italian insurers in reflection of the Italian sovereign’s weakening credit worthiness.
An earthquake that struck the Emilia-Romagna region of northern Italy in the early hours of 20 May was the strongest in the country since the magnitude 6.3 L'Aquila quake in 2009.
Moody's has taken action on several European insurance groups and related entities to reflect the increased financial risks stemming from their operating and investment exposure to weakened European sovereigns and banks, and the ratings agency's expectation...
Zurich recorded a general insurance business operating profit of US$2.3bn in 2011, a decrease of US$403m or by 15% in US dollar terms and 19% on a local currency basis.
International loss adjuster, Charles Taylor Adjusting, has entered an exclusive association agreement with RBL Italia Srl in Italy to work together on all non-marine classes of business.
As 2011 draws to a turbulent end, minds are now focusing on how best to tackle the continued economic volatility that 2012 is sure to bring for risk managers across the world. Never has the old adage ‘Keep Calm and Carry on’ been more appropriate.
AM Best is taking rating actions on a number of European reinsurers following the continued negative developments regarding the eurozone sovereign debt crisis.
Italy recently passed a law to make professional indemnity insurance compulsory for all members of recognised bodies. Paolo Golinucci discusses what this means for the insurance industry.
Amtrust Europe is to change its operations in Italy and open an office in Milan, following approval from the FSA.
Torrential rains have caused widespread flooding in France and Italy during the first week of November after a low pressure system that developed over the Mediterranean Sea moved northwards, bringing high levels of precipitation.
Assicurazioni Generali reported net impairment losses of €824m in the first nine months of 2011, €329m of which was related to Greek bonds.
Insurance Insight’s weekly update is live with an article the biggest man-made disaster in Cypriot history; and a blog on why more education is needed in the Middle East.
Are brokers in Italy prepared for an upsurge in business?
Italian insurers’ may be prevented from passing losses incurred in a sovereign default onto policyholders, if the return on customer portfolios is below the minimum guaranteed, according to Fitch.
The European Union is currently consulting on natural catastrophes. Vic Wyman reports on the part the insurance industry has to play.
Leading insurers across Europe have been told that manageable exposure to Greek government bonds will mean they will not be downgraded if they accept the EU's offer of a 50% haircut in return for new debt, according to Fitch Rating.
Axa has reported increases its third quarter property & casualty revenues for all regions in Europe.