Europe
Now health appoints Jørgensen as non exec
International health insurance provider, Now Health International has appointed Per Bay Jørgensen as a non-executive director from July 2013.
Axa to invest €10bn in infrastructure debt
France-based insurer Axa plans to invest €10bn in the infrastructure debt market over the next five years as part of its credit diversification strategy.
Turkey unrest may not be covered under terrorism policies warns Willis
The on-going unrest in Turkey is leading businesses to consider their insurance options, but selecting the right kind of cover is crucial, according to Andrew van den Born, executive director in Willis’ political and trade credit risks division.
Talanx expects under €250m losses from European floods
German insurance giant Talanx has estimated its net loss from flood claims in Germany and neighboring countries at less than €250m.
Balva told to appoint liquidator following FCMC investigation
Latvia’s Financial and Capital Markets Commission has withdrawn all operating licences for insurer Balva and issued a winding up order for the Riga-based firm.
Balva ordered to wind up operations by regulator
Latvia’s Financial and Capital Markets Commission has withdrawn all operating licences for insurer Balva and issued a winding up order for the Riga-based firm.
Market Moves: Recruitment race back in top gear with big moves for Towergate, Bluefin and more
After a muted couple of weeks, the recruitment conveyor belt went into overdrive with an array of high-profile appointments and departures. Major moves included Towergate losing its network division acquisition director to rival Bluefin, two days before…
Allianz's UK CEO in US move
Andrew Torrance is to take over as chief executive of Allianz’s US-based Fireman’s Fund Insurance Company after a decade as CEO of Allianz UK.
Dutch insurance association rues "missed opportunity" on flood cover
The Dutch Association of Insurers has issued a stark warning on flood cover, after the Consumer & Market authority declared its proposed flood solution "violated competition law".
International: Lost in the long grass
Will the final form of Solvency II – designed to harmonise capital adequacy across the continent – look anything like it was initially intended? And when, if ever, will it emerge?
Eiopa advises policymakers to scrap counter-cyclical premium in LGT report
The European Insurance and Occupational Pensions Authority has published the findings of the Long-Term Guarantee Assessment it conducted as part of political discussions on finalisation of the Omnibus II Directive.
View From the Top: CSR not just the icing on the cake
Corporate Social Responsibility is a phrase which has become increasingly heard in the boardroom over the past decade. Whole sections of annual reports outline to investors what CSR activities firms are undertaking and some companies have set up CSR…
XL Group appoints casualty underwriting manager Europe, reinsurance
XL Group has hired Valérie Devaux–Piquer as casualty underwriting manager, Europe, reinsurance to replace Dieter Kohl, who retires this summer.
Cooper Gay hires global M&A head
Cooper Gay Swett and Crawford have hired Oliver Homer as global head of mergers and acquisitions, effective 17th June 2013.
Collective redress rules are a "let down for consumers" says BEUC
The European Commission’s guidelines on collective redress mechanisms in European member states do not go far enough, according to The European Consumer Organisation BEUC.
Allianz expects €350m European flood hit
Allianz expects a net loss from the flooding in Central Europe to be approximately €350m, the German insurance giant said today.
World Bank cuts growth forecasts
The World Bank has cut its economic growth forecasts for China and the world.
Insurance industry is Europe's largest institutional investor study finds
The European insurance industry is the region's largest institutional investor, according to a study published by Insurance Europe this week.
CII welcomes Eiopa's focus on professional standards
The Chartered Insurance Institute has welcomed increased focus on general insurance professional standards within the European Union level.
Disaster model released for German floods
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a scenario model for the recent German floods.
Regulators increasingly penalising cybercrime victims, says Ace
Corporate victims of cyber-crime are increasingly coming under government scrutiny, according to Iain Ainslie, cyber liability underwriter at Ace Group.
Airmic 2013: Insurers should be less reactive says QBE's Chandler
Insurers must be more proactive in seeking to procure multinational business, according to Barbara Chandler, head of multinational at QBE.
EU moves step closer to US-style class actions
The European Commission has said Europe is not heading for US-style class action lawsuits, despite recommending the establishment of collective redress mechanisms in European Union member states.
Airmic 2013: British risk managers urged to engage with Ferma
Airmic members should work more closely with the Federation of European Risk Managers, board member Julia Graham said today.