Europe
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".
Co(re)insurance provides more benefits than issues says Ferma
Restrictions on the subscription insurance market could reduce market capacity or make access to that capacity more difficult, the Federation of European Risk Management Associations has warned.
Hellenic P&I club waives 50% of annual premium
Members of the Hellenic War Risks Club will pay 50% less for war risks insurance in 2013 following a decision by club directors to waive the second installment of the annual premium.
R&Q completes French acquisition
Randall & Quilter Investment Holdings has closed the acquisition of the share capital of French domiciled insurer La Réassurance Intercontinentale from MMA.
Insurance law can be an enterprise issue, warns Luzzi
Insurance law can be an enterprise-wide issue, so it's essential that risk managers understand what happens when the law is applied in business, Jorge Luzzi said today.
Anti-government protests continue in Turkey's major cities
Turkish protestors clashed with riot policies in the early hours of Monday morning, as the fiercest anti-government demonstrations in years entered their fourth day.
Reinsurer stocks plummet amid flood fears
Shares in Munich Re and Hannover Re fell around 3.5% to the bottom of pan-European FTSEurofirst 300 index as flooding in parts of Europe raises the prospect of hefty damage claims.
Iceland summoned to EFTA court for IMD breach
The European Free Trade Association Surveillance Authority is bringing Iceland to the EFTA Court over the Icelandic rules on insurance mediation.
View From the Top: Investing in technology
Technology is much more than a productivity tool; it offers one of the most tangible opportunities to transform the company’s culture and working environment. For instance in the services, sales and finance department of a company, employees deliver most…
Covéa reshuffles UK commercial lines team
Covéa Insurance- the UK underwriting business of French mutual insurer Covéa- has reshuffled its commercial lines team.
Axa chief urges French president to learn from British mistakes
Axa chairman and chief executive Henri de Castries has called for French president François Hollande to "learn the lessons of Britain's experience" in the 1970s and tackle the levels of debt in France's economy.
Britons warned against travel to Turkey
As Turkey is facing a wave of government protests, Britons have been warned against all but essential travel to some parts.
Severe flooding hits Central Europe
Authorities in Central Europe have declared states of emergency after severe flooding hit cities across the region.
Allianz rebrands Your Cover in bid for greater UK recognition
German insurance giant Allianz has launched a brand building campaign in a bid to make Allianz a household name in the UK.
DAC Beachcroft appoints former regulator to Madrid practice
International law firm DAC Beachcroft has appointed a new partner to its Madrid-based insurance regulatory practice.
EHIC rejection could hit travel premiums warns Columbus Direct
The use of travel insurance as a substitute for the European Health Insurance Card is starting to affect travel insurance premiums for European countries including Spain, Greece and Cyprus, according to travel insurer Columbus Direct.
Floods hit Mexico's Pacific coast following Barbara landfall
Excessive rainfall and flooding have hit some areas of southeastern Mexico after hurricane Barbara made landfall near the state of Chiapas on Wednesday.
Generali secures €2bn revolving credit facility
Italian insurer Generali has signed deal for up to €2bn in revolving credit facilities, in a bid to improve its “flexibility to manage future liquidity needs in a volatile environment”.
Eqecat and RMS finalise data sharing scheme
Rival catastrophe modelling firms Eqecat and Risk Management Solutions have finalized an agreement to share exposure data schemas.
Spain investigated by EC over health insurance card failures
The European Commission has demanded information from Spain over complaints that Spanish hospitals are refusing to honour the European Health Insurance Card scheme.
Are loss adjusters better off out of the IMD?
Earlier this week Post reported that the European Commission has excluded the direct regulation of loss adjusters and claims management firms from the second draft of the Insurance Mediation Directive.
EC investigates Spain for failing to honour EHIC scheme
The European Commission has demanded information from Spain over complaints that Spanish public hospitals are refusing to honour the European Health Insurance Card scheme.
Regional players may miss Solvency II deadline
Solvency II must be implemented in January 2016, whether or not the continent's smaller, regional are prepared, according to Charles Juniper, analyst at Ovum.