News
Scor expects €140m in Thai flood losses
French reinsurer Scor estimates its losses from the floods in Thailand at €140m net of retrocession and before tax.
Data protection measures could increase demand for cyber risk products
DAC Beachcroft said that draft regulations from the European Commission on general data protection which recently appeared online will introduce “wide ranging changes” to the data protection regime in Europe.
Partner Re to take $88m charge from Tohoku quake
PartnerRe is set to record a charge of approximately $88m (€67.2m) to reserve the full limit of its Tohoku Earthquake exposure related to its largest Japanese cedant.
Kennedys invests in transport and logistics with key appointment
Kennedys today confirmed the appointment of Christine Branton, in a move which is expected to boost the international litigation firm’s transport and logistics practice.
FSA appoints Peter Vipond
The Financial Services Authority has appointed former ABI employee Peter Vipond as head of department, insurance division.
Insurers respond to proposed dangerous dogs guidelines
Yesterday judges published the first proposed sentencing guidelines for people convicted for dangerous dog offences in England and Wales.
Quinn loan saga continues
The wife of bankrupt businessman Seán Quinn claims she does not have to repay a €3m bank loan, according to the Irish Times.
Allianz Engineering steps up surveyor recruitment
Allianz Engineering has increased its engineer surveyor workforce with an additional 21 surveyors entering the field in the past quarter, bringing the total to 34 for the year.
Homeserve hires non-executive director
Homeserve has appointed Ben Mingay to the board as a non-executive director from 1 January 2012.
Direct Line in Germany implements new business continuity infrastructure
German insurer, Direct Line Versicherung AG, has implemented Datacore's business continuity and disaster recovery architecture.
Groupama hit with S&P downgrade to BBB-
Groupama has suffered a ratings downgrade at the hands of Standard & Poor's despite the France-based insurer announcing a range of key strategic actions designed to halt the recent slide.
ABI calls for “focused approach” to publishing ombudsman decisions
The Association of British Insurers has questioned the Financial Ombudsman’s Service policy of publishing all its decisions.
IUA publishes new London Market TOBA
The International Underwriting Association for insurers and brokers has published a new Terms of Business Agreement (TOBA) for use in the London Market.
Seymour-Jackson quits RAC MD role
Ex-Aviva director Angela Seymour-Jackson has left her role as managing director of RAC to “pursue other interests”.
Generali's German subsidiaries downgraded
Generali Group's three German non-core subsidiaries have been downgraded by Fitch, following the downgrade of their parent company.
Canopius names Group CEO
Canopius has appointed Inga Beale as group chief executive officer with effect from 3 January 2012.
RSA appoints new UK head of litigation
Will Bloomer has been appointed as UK Head of Litigation at RSA.
Exposure to eurozone economies impacts Aviva credit rating
AM Best has responded to ongoing negative developments arising from the eurozone sovereign debt crisis by taking rating actions against Aviva and a number of other European insurers.
16 December: “Woofing” it down
Unable to wait patiently in the kitchen for his owner to finish baking his favourite sweet treats, a greedy chocolate Labrador decided to lick the bowl.
Insurance certificates removed from road tax application process
Motorists will no longer be obligated to produce a certificate of insurance in order to purchase road tax amid new government plans geared towards clamping down on forged documents.
Lloyd’s publishes revised three year plan
Lloyd’s has outlined its strategic priorities for 2012-2014.
AM Best downgrades Generali ratings
AM Best is taking rating actions on a number of European reinsurers following the continued negative developments regarding the eurozone sovereign debt crisis.
Perils updates windstorm exposure data for 11 European countries
Perils, the independent organisation that provide industry-wide catastrophe insurance data, has updated the windstorm exposure data for 11 European countries.
2011 nat-cat insured losses reach $108bn
Total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached $108bn (€83bn)in 2011 according to Swiss Re.