Europe
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.
Post magazine - 13 June 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Accenture finds fraudulent insurance claims rise 10% in three years
More than two-thirds (71%) of claims executives at European property and casualty insurance companies have seen an increase in the number of fraudulent claims over the past three years, according to Accenture.
Randall & Quilter upbeat ahead of AGM
Randall & Quilter's first half financial result is expected to be in line with the board's expectations, according to chairman and chief executive Ken Randall.
Airmic 2013: Language shift needed to raise supply chain awareness says FM Global
Risk managers need to overcome “misleading terminology” that leads company directors to underestimate their natural catastrophe exposure, according to Stefano Tranquillo.
Firms struggling to manage their supply chains warns Airmic
Companies are finding it increasingly difficult to control their supply chains at a time when the cost of failure is higher than ever, according to risk management association Airmic.
Europe's trade credit insurance premiums on the rise
According to insurance broker Marsh, there has been a large increase in claims notifications in Europe since the last quarter of 2012.
Airmic "confident" global compliance database will be ready in 2014
Airmic expects to be able to offer risk managers access to a global compliance database “sometime during 2014", the risk management association's chief executive officer John Hurrell said today.
Initial Public Offerings: A good time to float
Following successful initial public offerings by Direct Line Group and Esure, many industry commentators believe market conditions are currently perfect for further flotations. So, is it time for others to go public?
FERMA executive manager elected to association's board
Florence Bindelle, executive manager of the Federation of European Risk Management Associations), has been elected to the board of the European Society of Association Executives.
R&Q agrees PTP with Finnish mutual
Randall & Quilter Investment Holdings has agreed a portfolio transfer plan with mutual insurance company Turva.
Dam bursts on River Elbe
23 000 people have been evacuated from the east German city of Magdeburg after a dam burst as the River Elbe overflowed.
Hundreds of SMEs hit by European floods
Hundreds of small and medium sized enterprises are likely to have been affected by the floods in Central Europe, according to claims management firm Crawford & Co.