Europe
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.
ProSight Specialty Underwriters appoints non-exec director
Lloyd's coverholder ProSight Specialty Underwriters has appointed Peter Goddard as a non-executive director with immediate effect.
P&I Club anticipates "most expensive year" for International Group pool
The London P&I Club’s result for the 2012/2013 financial year was a surplus across all classes of $9.4m, increasing the free reserve to $154m.
IRDA report paves way for banks to become brokers
A report on broking regulations by India’s Insurance Regulatory and Development Association has said banks will be allowed to become brokers, but that those wishing to do so may have to have a segregated broking arm.
Solvency II still needed says S&P
The proposed Solvency II regulatory framework is still needed, despite the frustration caused by delays in implementation, according to Standard and Poor’s.
Marine: Tidal waves
Still reeling from recent huge losses, marine insurers cannot increase rates due to over-capacity – but is the outlook for the sector as negative as it seems?
Top 5 European stories
The top five stories from www.insuranceinsight.com over the past seven days.
Beazley swoops for Hiscox's tech & data head
Lloyd’s insurer Beazley has hired Matthew Norris to join its European small business team.
Fatal air balloon crash in Turkey leaves two dead
A crash involving two hot air balloons in Turkey on Monday left two dead and 23 injured.
Allianz achieves record revenue in Q1
Allianz achieved total revenues of €32bn in the first quarter of 2013 the highest quarterly total revenues in its history, and an increase of 6.6% on the first quarter of 2012.
RSA on the hook for Genoa ship loss
RSA is on the hull cover for The Jolly Nero, the Messina Line ship that crashed into a port tower in Genoa, Italy last month, Insurance Insight can reveal.
View from the Top: Testing times for supply chains
The horse meat scandal has demonstrated the complexity of modern day supply chains, and the inherent risks within them.
Hannover Re to reinsure energy savings warranties
Hannover Re has joined with KlimaProtect to develop an energy savings warranty insurance product for industrial enterprises in Germany.