Europe
Hungary braces for highest ever flood wave
Hungary’s prime minister Viktor Orbán has warned the country to brace itself for its worst ever floods.
Czech flooding could cost industry €293m
Insured damage from floods in the Czech Republic could cost 7.5bn crowns (€293m), according to the country’s insurers.
InterGlobal expands sales team
Twenty four sales staff have been appointed or promoted by international medical insurer InterGlobal.
McGavick replaces von Bomhard as Geneva Association chairman
Michael McGavick, the chief executive of XL Group, has been elected chairman of international insurance think tank The Geneva Association.
Dutch policyholders had EHIC rejected
Dutch policyholders have had their European Health Insurance Card's refused in Spanish hospitals, The Royal Dutch Touring Club ANWB has confirmed.
Insured flood losses likely to be below 2002 level
The macroeconomic losses from the floods in central Europe are likely to far exceed the insured losses, Munich Re’s chief executive Niclaus von Bomhard said.
Ex-Axa director joins Hiscox Europe board
Hiscox has appointed former Axa director Florence Tondu-Melique as its new European chief operating officer.
Hiscox appoints Axa's Tondu-Melique as European chief operating officer
Hiscox has appointed Florence Tondu-Melique as its new European chief operating officer.
Willis names new directors ahead of Plumeri board retirement
The Willis board has nominated Francisco Luzón and Jaymin Patel as directors of the company, which completes the slate of directors that will be presented to shareholders at the upcoming annual general meeting.
Europe: Capital crisis
Solvency II - designed to harmonise capital adequacy across the continent - could be in danger of being kicked into the long grass. Edmund Tirbutt explains.
Insurers failing to adapt to interest rate challenges survey finds
European insurers are concerned with the low interest rate environment but many are missing opportunities to diversify, according to a survey of insurance chief investment officers.
Latvia given greenlight to adopt euro in 2014
The European Commission said today that Latvia is a good candidate for euro adoption, having successfully overcome its macroeconomic imbalances.
“Significant damage” expected from devastating European floods
Catastrophe modelling firm Eqecat has warned the industry to expect significant damage from the floods that have inundated Germany, Austria and the Czech Republic over the past week.
Chadbourne promotes EMEA partners
International law firm Chadbourne & Parke has promoted two staff to the newly created position of Europe, Middle East and Asia liaison partner.
Financial transaction tax will have ‘significant implications’ for insurers
EU tax’s implementation date and final form unclear amid legal challenges
Spain protests innocence as more countries refuse EHIC
European hospitals accused of trying to profit from insurers
European regulators’ inability to find traction leaves loss adjusters in limbo
FCA regulation and claims certification touted as solutions to IMDII removal
Editor's comment: Hit in the pocket home and away
Last week I described fraudsters as the long-standing foe insurers are unable to rid themselves of, and this week, true to form, they struck both home and away in the place it hurts insurers most – their pockets.
Blog: Insurance spawns Germany's longest word
In a week of exciting news the best was saved for today when the longest word in the German dictionary – Kraftfahrzeughaftpflichtversicherung - was confirmed to be insurance-related.
Interview: Chris McGloin: Up for the fight
Incoming Airmic chairman Chris McGloin is about to find himself at the forefront of an organisation with a lot on its plate. As he takes the reins during Airmic’s 50th anniversary year, he explains why he’s feeling optimistic
Risk managers urged to reassess insurance of US exposures
Insurance managers of European multinationals need to reassess how they insure US exposures as part of global programmes, Ace has warned in a new report.
Besso acquires Istanbul-based aviation broker
Besso Insurance Group has agreed a deal to acquire Istanbul-based insurance and reinsurance broker HSB Sigorta ve Reasurans Brokerligi.
German floods reach record levels
Heavy and relentless rain has resulted in some of the worst flooding seen in Central Europe for more than 70 years.
SAP global head predicts a cloud-based future
Robert Cummings, global head of insurance solutions, at technology house SAP predicts that soon "most things will be in the cloud".