Italy
Finch and ICB owner on acquisition trail with sight set on €500m revenue by 2022
Adelaide, the owner of Finch and ICB Group, is looking to acquisitive growth as it aims to increase its revenue across Europe by 150% by 2022.
Mike Brockman reveals plans for ‘next generation’ telematics
In his 38th year in the motor insurance market, former Insure the Box CEO Mike Brockman has global plans for his new “revolutionary” telematics and dash cam device. He met Post to reveal how Thingco’s ‘Theo’ works and how he’s determined to bring…
Top 30 European insurers 2018: A year of steady growth for insurers
Overall, top-line growth for the 30 largest European insurers has been steady, reflecting the underlying economic conditions throughout Europe, explain Tim Prince and Yvette Essen, director of analytics and director of research at AM Best
FSCS has paid out £104m to failed insurer Enterprise customers
The Financial Services Compensation Scheme has paid out £104m in compensation to customers of collapsed unrated insurer Enterprise so far.
Admiral delivers UK growth and builds on its European Brexit preparations
Admiral will begin running its European insurance operations from Spain from the beginning of 2019, having received approval earlier this year.
IoT provider eyes up global expansion following €100m funding
Pan-European growth investor Palamon Capital Partners has acquired a majority stake in connected insurance provider Fair Connect.
Allianz worst hit European insurer by Q1 nat cats
First quarter natural catastrophe losses cost Allianz €311m, more than any other insurer.
Generali to sell Belgium business for €540m
Italy’s largest insurer Generali is to sell its Belgium-based subsidiary to Bermuda-based Athora Holdings for €540m (£469.5m).
Blog: Sports and sponsorships
What do Dele Alli, Ashley Young and the Singapore Swimming Association all have in common?
Penny Black's Social media roundup for March 2018
Music and mental health plus piazzas and pancakes
JLT’s ‘chequebook open’ to European acquisitions following strong results
JLT is open to targeting bolt-on acquisitions in Europe following the group’s strong 2017 results.
Generali to cut coal investments by £1.7bn in new climate change strategy
Italian insurer Generali is to divest from the coal industry as part of a new climate change strategy and has pledged to raise investments in environmentally friendly projects.
North Korea, Brexit and trade protectionism top 2018 political risks list
The North Korea missile crisis, Brexit negotiations, and trade protectionism are among the top political risks threatening multinational businesses in 2018, according to Marsh.
Irish regulator forces CBL Insurance Europe to close shop
The Central Bank of Ireland has ordered CBL Insurance Europe to cease writing business with immediate effect, until further notice.
Beazley continues European expansion
Beazley has bolstered its specialty lines teams Munich, Paris and Barcelona as it continues to target European growth.
Solicitors PI market takes off in Italy
The recent introduction of compulsory insurance requirements for Italian law firms is yet another milestone for the country’s rapidly growing professional indemnity insurance market, explains Massimiliano Colombo, regional underwriting manager at QBE…
Compre buys legacy books from Generali
Compre has acquired two books of business in total worth €300m (£264m) from Generali.
Generali appoints Jaime Anchustegui as group chief operations and insurance officer
Jaime Anchustegui Melgarejo has been appointed as group chief operations and insurance officer of Assicurazioni Generali.
Mapfre to consolidate EMEA and Asia-Pacific businesses
Spanish insurer Mapfre is exiting five US states and consolidating its EMEA and Asia-Pacific businesses.
Neon looks to MS Amlin and names Heppell as CFO
Lloyd’s carrier Neon has names Richard Heppell as chief financial officer for the group.
Amazon on a recruitment drive as it takes aim at UK insurance market
Internet-sales giant Amazon is currently recruiting insurance professionals in a bid to disrupt the insurance market in countries throughout Europe.
Generali Q3 profits tumble 9.9% on Dutch sale loss
Generali posted a 9.9% drop in nine-month profits due to a loss on the sale of its Dutch business
Final loss estimate for Italian October earthquakes pegged at £185.8m
Perils has updated its loss estimate for Italy’s October earthquakes from €125m (£111.7m) to €208m (£185.8m).
Neon launches Italian underwriting venture
Neon has launched an underwriting operating in Italy with Cambiaso Risso, who will have a minority shareholding in the venture.