Commercial
Demand for cartel violence cover spikes in Latin America
Hotel operators in Central American destinations such as Cancun are increasingly taking out insurance to guard themselves against the effects of cartel violence.
View from the Top: Bspoke’s Tim Smyth on inflation challenging MGAs
Tim Smyth, CEO of Bspoke Group (formerly UK General), says MGAs need to make their voices heard and engage regulators and policyholders on the challenges facing the sector.
Lloyd’s chief takes aim at ‘moronic’ D&O underwriting
Lloyd’s chief of markets Patrick Tiernan has said he does not want to be forced to remediate a “shambolic” directors' and officers' insurance market, and instead expects to see a “voluntary pullback” from underwriting that has caused concern among market…
How AI can mitigate increasing cost of extreme weather
Izik Lavy, CEO and co-founder of GeoX, discusses how insurers are using AI and aerial imagery to battle the extreme weather ushered in by the climate crisis.
Booze blamed for third of insurance employees facing prejudice
More than a third (37%) of insurance workers have seen sexist, racist, homophobic, ableist and ageist behaviour or heard discriminatory language in the workplace, according to a University of Nottingham study.
Miller settles negligence suit brought by Cardiff City FC
Miller Insurance has agreed a settlement with Cardiff City Football Club, concluding a professional negligence suit brought against the broker in connection with the death of Emiliano Sala in 2019.
Zurich waives return of insurance settlement for bird sculpture
Zurich has waived the insurance settlement for a rare £30,000 Wally Bird sculpture, which was stolen nearly two decades ago and has been now been recovered and returned to the London borough where it was crafted in 1894.
#28 AIG Europe
Luxembourg-domiciled AIG Europe appears on this year’s Insurance Post Top 30 European Insurers List for the first time after reporting 12.5% average premium growth for the year.
Top 30 European Insurers revealed
Allianz and Axa have held on to the top two spots on Insurance Post's Top 30 European Insurers 2023 list and accounted for slightly under a quarter of total GWP in the dataset, which was produced by AM Best.
#24 RSA
UK-domiciled RSA climbed one place to 24th position in this year’s Insurance Post Top 30 European Insurers 2023 despite reporting -7.7% average premium growth for the year.
#23 Beazley
UK-domiciled Beazley in one of the biggest climbers this year’s Insurance Post Top 30 European Insurers 2023 List.
#21 Crédit Agricole
France-domiciled Credit Agricole managed to stay in 21st place in this year’s Insurance Post Top 30 European Insurers 2023 List by reporting just 7.4% average premium growth for the year.
#20 Mutua Madrilena
Spain-domiciled Mutua Madrilena managed to stay in 20th place in this year’s Insurance Post Top 30 European Insurers 2023 List despite reporting just 5.6% average premium growth for the year.
#19 Helvetia
Switzerland-domiciled Helvetia managed to stay in 19th place in this year’s Insurance Post’s Top 30 European Insurers 2023 List by achieving 10% average premium growth for the year.
#14 Vienna Insurance Group
Austria-domiciled Vienna Insurance Group is 14th on this year’s Insurance Post Top 30 European Insurers List after achieving 17% average premium growth for the year.
#13 Ergo
Germany-domiciled Ergo is in 13th place in Insurance Post’s Top 30 European Insurers 2023 List after beating rival R+V to deliver 3.8% average premium growth for the year.
#12 R+V
Germany-domiciled R+V managed to stay in 12th place in this year’s Insurance Post Top 30 European Insurers 2023 List despite reporting just 1.6% average premium growth for the year.
#11 Aviva
Just missing out on making it into the Top 10 of Insurance Post’s Top 30 European Insurers 2023 List was UK-domiciled Aviva, which reported 5.1% average premium growth for the year.
#10 Covéa
France-domiciled Covéa managed to make it into the Top 10 of Insurance Post’s Top 30 European Insurers 2023 List by achieving 20.9% average premium growth for the year.
#8 Achmea
Netherlands-domiciled Achmea remained in eighth place in Insurance Post’s Top 30 European Insurers 2023 List by achieving 5.7% average premium growth for the year.
#7 Generali
Italy-domiciled Generali stayed in seventh place in Insurance Post’s Top 30 European Insurers 2023 List by reporting 18.7% average premium growth for the year.
#6 HDI
Germany-domiciled HDI appears in sixth place in this year’s Insurance Post’s Top 30 European Insurers 2023 List by achieving one of the greatest average premium growths for the year of any players.
#5 Zurich
Switzerland-domiciled Zurich is in fifth place in this year’s Insurance Post’s Top 30 European Insurers 2023 List thanks to reporting 14.6% average premium growth for the year.
#4 Chubb
Switzerland-domiciled Chubb stayed in fourth place in this year’s Insurance Post’s Top 30 European Insurers 2023 reporting 15.8% average premium growth for the year.