Europe
Liberty Europe adds warranty & indemnity and litigation buy-out cover
The financial lines division of Liberty International Underwriters Europe, part of Liberty Mutual Insurance Group, has launched a warranty and indemnity policy and a litigation buy-out policy.
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days,
Perils provides data for Italian earthquake and flood
Independent catastrophe data provider Perils has extended its coverage to include data for Italian earthquake and flood perils.
Fewer claims help Munich Re in Q1 results
Reinsurer Munich Re's profits rose 20% to €979m in the first quarter of 2013 compared to the same period in 2012.
UN warns on climate change after warm 2012
The World Meteorological Organization, a United Nations agency, has said that 2012 joined the ten previous years as one of the warmest - at ninth place - on record despite the cooling influence of La Niña.
Portuguese state bank to shed insurance arm
The insurance arm of state-owned Portuguese bank Caixa Geral de Depositos is to be privatised by the end of the year. P
Euler Hermes signs trade credit insurance agreement with HSBC
Euler Hermes is to become the exclusive supplier of trade credit insurance to HSBC's commercial banking customers.
Swiss Re "on target" after $1.4bn Q1 net income
Swiss Re is “on track to achieve its financial targets” after posting net income of $1.4bn for the first quarter, up 21% on the prior year period.
Swiss Re Q1 income jumps 21%
Swiss Re is “on track to achieve its financial targets” after posting net income of $1.4bn for the first quarter, up 21% on the prior year period.
Multilingual travel assistance tool launched
A travel assistance service offering UK tourists and business travellers telephone support in their own language has launched.
Asia helps spur RSA premium growth
RSA saw net written premiums rise 5% in the first quarter of 2013 including a 16% rise across Asia, South America, Eastern Europe and the Middle East (combined) and 18% in Canada.
Markel completes acquisition of Alterra
Markel has completed the acquisition of Bermuda-based insurer and reinsurer Alterra Capital Holdings for $3bn.
EU considering action over Bangladesh building collapse
The European Union could remove certain conditions of its trade preference scheme with Bangladesh following awful building collapse incident.
Post magazine – 2 May 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
UIB to place SulAmérica property treaty programme
Lloyd's reinsurance broker UIB has won the tender to place the property treaty programme for Brazilian insurer SulAmérica.
Regulatory uncertainty raises domicile questions
Splitting tax domiciles and regulators could be an enticing prospect for insurance groups looking to avoid the European Union’s Solvency II regulations.
BVI sees captive flight
The British Virgin Islands has seen its popularity as a captive destination decline over the last few years, according to a report by research firm Timetric.
International motor policies should cover political violence says Clements
Car owners need to be alert to the threat political violence poses to their vehicles, according to Clements Worldwide.
Top 5 European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
PRA lobbies UK parliament for Solvency II probe
The head of the Prudential Regulation Authority, Andrew Bailey, has asked the British parliament to review Solvency II reforms he termed “lost in the detail and vastly expensive”.
UK Member of Parliament slams Solvency II
Andrew Tyrie, a Conservative MP and chairman of the Treasury Select Committee has slammed the confusion caused by Solvency II for the insurance industry.
New hail tracker could save insurers billions says firm
Storm tracking technology provider HailStrike has launched two new products which is says will “revolutionize” the insurance industry.
Forty injured after blast in Czech capital
At least forty people were injured, and many more trapped, after an explosion in the Czech capital, Prague, on Monday morning.
Domestic insurers must take advantage of Turkey's growth says broker
There is huge potential for (re)insurance growth in Turkey, according to Namik Gulsun, executive director, EMENA at facultative and wholesale broker, Faber Global.