Europe
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.
Harnessing digital media in the claims process
Luigi van Geest discusses how insurance companies can harness the power of digital media to provide better customer service at the critical moment a claim is made.
Euler Hermes boosts shareholding in Israeli credit insurer
Euler Hermes is increasing its participation in Israeli credit insurer ICIC from the original 33% acquired in 2007 to 50%.
Prudential appoints female director
British insurance giant Prudential has appointed its first female director, luring finance director Jackie Hunt from rival Standard Life.
Plumeri's replacement at Willis announced
Broking giant Willis has announced that Jim McCann will succeed Joe Plumeri as non-executive chairman following Plumeri’s retirement in July this year.
XL moves Spanish office
XL Group is moving its insurance team in Catalonia to a larger office on Barcelona’s Paseo de Gracia avenue to accommodate its growing operation in the region.
Ince & Co promotes German lawyer to partner
Sami Chowdhury has been made a partner at insurance specialists Ince & Co in Hamburg.
Primark to review building integrity following Bangladesh accident
Clothing retailer Primark has confirmed that one of its suppliers occupied space in the building which collapsed in Bangladesh on 24 April.
Admiral profitability 'under pressure'
Admiral’s “unprofitable foreign growth” does not compensate for the “fast-declining” UK profitability, according to a scathing analysts report.
Broughton appointed to Ageas group board
Ageas has appointed Steve Broughton as a non-executive member of its group board of directors for a period of three years, subject to approval by the National Bank of Belgium.
Climate change: Insuring the future
Climate change is a global issue of huge importance to the safety and security of future generations and the environment. How can insurers play their part? Sam Barrett explains.
Admiral reports 9% fall in UK turnover
Admiral chief executive Henry Engelhardt has said that now "is not the right time to grow" its market share in the UK after turnover fell 9% to £470m (Q1 2012: £518m) in the first quarter of this year.
London P&I club warns of negative findings
The London P&I Club has warned that reports generated during the club's ship inspection programme show an increase in negative findings in relation to enclosed space entry on board ships.