Europe
US affiliate tax is simply “revenue grab” says trade body
Trade bodies representing the European and Bermudian reinsurance community have condemned the US attempt to introduce a tax on affiliate reinsurance.
XL launches new products for Irish financial firms
XL Group has launched five new insurance products for financial institutions in Ireland, which they say address firm's reliance of on IT infrastructure for services and distribution.
Internationalisation: Taking Flight
The economic downturn has led many European companies to look to emerging markets for growth. Can insurers capitalise on the trend? Anna Pitton explains.
Aon France director joins Miller
Aon France has lost its head of political risks, Arnaud Froideval, to Miller where he has joined the marine team.
Chinese to develop London's Royal Albert Docks
The Mayor of London Boris Johnson has signed a £1bn ($1.5bn) deal with Chinese developer Advanced Business Parks China Holding Group to renovate the Royal Albert Docks as a business district.
Miller adds French political risk specialist to marine team
Miller has added to its marine team with the hire of political risk production and broking specialist Arnaud Froideval.
Post magazine – 30 May 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Crawford hires forensic accountant to lead BI adjusting team
Claims management firm Crawford & Company has recruited forensic accountant Ian Hasson from Pricewaterhouse Coopers.
XL promotes Sinz to regional manager for continental Europe
XL Group has promoted Kadidja Sinz to the role of regional manager, continental Europe, in the insurance segment’s distribution and network function.
Jolly Nero owner not expected to make hull claim
Indications that the owner of Jolly Nero, the ship that crashed into the port in Genoa a fortnight ago, does not expect to make a hull and machinery claim has come as a surprise to the market.
VIG increases profit but posts fall in premium in Q1
Vienna Insurance Group increased profit before taxes by 5.2% to €159.4m in the first quarter of 2013.
Eiopa seeks enhanced powers over large cross-border insurers
The European Insurance and Occupational Pensions Authority has outlined its desire for enhanced supervisory powers over insurance activities in European Union member states.
View from the Top: When catastrophe hits
Manuel Bauer of Allianz discusses how to implement a robust catastrophe response procedure for handling claims.
US tax proposals will limit reinsurance capacity says Insurance Europe
A renewed bid to tax reinsurance ceded by non-US companies to their offshore affiliates, has been strongly condemned by trade body Insurance Europe.
Solvency II deal is "on the table" says MEP
The European Union is close to reaching a consensus on the oft delayed Solvency II regulations, according to a member of the European Parliament.
Ace warns industry not to overlook ‘emerging markets close to home’
Joseph Clabby, regional president of Continental Europe for Ace identified Turkey, Poland and Russia as Europe’s top three emerging insurance market opportunities.
Marketing: European exposure
In the UK, the insurance industry is well known for its marketing and advertising campaigns but is brand management as effective in Europe, Francesca Nyman explains.
Coface "not a strategic asset" says Natixis chief
French bank Natixis does not expect to put Coface up for sale but would consider reducing its stake in the credit insurer, chief executive Laurent Mignon reportedly told a shareholders meeting on Tuesday.
Ex-Brit director joins Prosight board
Lloyd's coverholder Prosight Specialty Underwriters has appointed former Brit board member Peter Goddard as a non-executive director.
Gibraltar's insurers reap benefits of UK's growing motor market
Gibraltar’s motor insurance market is projected to achieve a compound annual growth rate of 14.1% towards 2017, according to research firm Timetric.
XL appoints Daucourt as head of international P&C
XL has appointed Thierry Daucourt as chief operating officer of its international property and casualty business.
Solvency II could increase cost of capital for insurers says Moody’s
The increased volatility of Solvency ratios under the new Solvency II guidelines may reduce investor appetite and increase the cost of capital for insurers, according to Moody’s
Post magazine – 23 May 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Clements creates insurance marketplace for UN staff
Clements Worldwide has launched a web-based marketplace, to provide insurance protection to the United Nations Federal Credit Union’s 100 000 members.