Europe
Post magazine – 4 April 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Ace UK & Ireland swoops for Chubb casualty manager
Mark Roberts has been appointed casualty manager for Ace UK & Ireland as it invests in building its liability insurance capabilities across the region.
Cyber liability: Risks rising
Cyber attacks have become almost a daily occurrence in recent times. Whether it is on a company, a personal account or a sensitive government department, hackers have not spared a single target of importance writes Mukul Gupta.
Ascent recognises costs of cyber breach notification
Ascent Underwriting, the cyber risks managing general agent, is ring-fencing the costs of cyber breach notification separately from its main insurance policy limit.
Energy pool could allow Indian refiners to keep processing Iranian oil
India’s government is rumoured to be establishing a multi-million-dollar insurance pool to support local insurers giving coverage to refiners processing Iranian crude oil.
Top 5 European news stories
The top 5 stories from www.insuranceinsight.com over the past seven days.
Turkey and Poland to lead European bancassurance growth
The emerging markets of Asia-Pacific, Latin America, Turkey and Poland are projected to see significant bancassurance growth over the next four years, according to a report by data provider Timetric.
EU-US dialogue project agrees five-year plan
The Steering Committee of the EU-U.S. Insurance Dialogue Project has agreed on a high level work plan from 2013 to 2017.
Eurozone insurers must be alert to possible interest rate rises says E&Y
The collective pain for the financial services sector in the Eurozone is almost over, although the recent Cypriot debt-crisis is a reminder of the fragility of the economic recovery, according to Ernst & Young.
Market losses support improvements to flood and windstorm database
Catastrophe insurance data provider Perils has updated the property sums insured exposed to UK flood as part of an update to its Europe Industry Exposure Database.
Munich Re to develop geothermal exploration insurance in Turkey
Munich Re and The World Bank’s International Financial Corporation have agreed to develop geothermal exploration risk insurance in Turkey.
Europe View from the Top: Remaining relevant
The reinsurance industry has been a great enabler of risk-taking, supporting the development of the global economic system since the 17th century.
Financial stress takes toll on Italian insurers
Pressure on premium income in Italy is likely to continue throughout 2013 as the deep recession and austerity measures in Italy squeeze households' disposable income, according to Fitch.
SSP appoints European head of client delivery programme
Insurance technology provider SSP has appointed Gary Glennard as its head of client programme delivery for Europe.
Industry divided over Eiopa's Solvency II guidelines
Industry players have been divided in their response to the draft Solvency II guidelines released by the European Insurance and Occupational Pensions Authority.
Eiopa chairman defends Solvency II guidelines
The chairman of the European Insurance and Occupational Pensions authority has defended its draft Solvency II guidelines as “an important step in the right direction that will help national authorities”.
Early implementation of SII elements 'burdensome' for UK firms
The European Insurance and Occupational Pensions Authority has published four consultation papers containing guidelines on the elements of Solvency II that it wants national supervisors implemented by national supervisors from 1 January 2014 on a "comply…
Post magazine – 28 March 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Prudential fined £30m over failed AIA bid
The UK's Financial Service Authority has fined Prudential £30m for failing to report the AIA acquisition plans to the regulator.
Captives: Eastern promise
Chinese companies are mulling over the idea of captives as a risk management tool and it seems that the trend might spread to Eastern Europe. Anna Pitton investigates.
Lloyd's profit hits £2.8bn after lower cat losses
Lloyd's has reported a 2012 pre-tax profit of £2.77bn following a loss of £516m in 2011.
Talanx enjoys results boost following IPO
Talanx showed strong underwriting performance in the first full year results since its initial public offering, but there is still room for improvement according to analysts.
E&Y welcomes long term financing consultation
Ernst & Young has joined Insurance Europe in welcoming the green paper on long-term investment issued by the European Commission yesterday.
Argo International hires Barbican PI underwriter
Lloyd’s insurer Argo International has appointed James McPartland as an underwriter in its professional indemnity team.