Europe
Credit Insurance: Lessons from the crisis
Credit insurance may have fallen out of favour during crisis years, but if used correctly it remains a vital tool for European corporates, according to Igor Zax.
Warranty gap insurance catching on in Continental Europe
Increased awareness of warranty and indemnity insurance is spurring the growth of the market in European territories, according to CMS Cameron McKenna.
Regulatory convergence not necessarily 'better' for insurance industry
Attempts to harmonise global insurance regulations are “more aspirational than realistic”, according to DLA Piper’s Bill Marcoux.
Ferma urges Europe to provide legal basis for commission disclosure for all in IMD2
The Federation of European Risk Management Associations is calling on the European Parliament to ensure that all insurance buyers are entitled to a minimum European standard of disclosure in the revised Insurance Mediation Directive II
Italian insurers "not directly affected" by sovereign downgrade
Italian mutual Assicurazioni, its core subsidiary Reale Seguros and ITAS Mutua's ratings are not directly affected by the downgrade of Italy's ratings, Fitch has said.
RSA names Lightbown as Donaldson successor ahead of retirement
Neil Lightbown has been appointed as RSA's global specialty lines director from 1 May when he will take over the responsibilities of Paul Donaldson who is set to retire in early 2014.
World Bank and Eiopa commit to developing insurance globally
The European Insurance and Occupational Pensions Authority has joined forces with the World Bank on an initiative to develop the insurance sector.
Overseas buyers behind surge in transactional risk insurance
Demand for transactional risk insurance grew by 41% globally in 2012 as firms increasingly turned to the insurance market to protect large deals and cross-border acquisitions or sales.
D&O: Responding to regulation
A change in the criminal code in Spain has thrown up a host of challenges for the nation's D&O providers, Anne-Louise Fogtmann writes.
Post magazine – 14 March 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Jobs at risk as KPMG feels bite of Solvency II delays
Up to 40 actuarial jobs are at risk at KPMG as the accountancy giant feels the pain of uncertainty around the timeline for Solvency II coming into force.
ING unveils governance changes for insurance business
ING today unveiled changes in the governance of its insurance/investment management Europe business as it continues to push forward with its preparations for a standalone future.
SII interim measures could bring costs without benefits, warns Insurance Europe
Insurance Europe has raised concerns about the impact of interim measures in the wake of Solvency II delays, in a letter to the head of the European Insurance and Occupational Pensions Authority.
Cross-border acquisitions drive demand for transactional risk insurance
Global demand for transactional risk insurance grew by 41% last year as firms turned to insurance to protect large deals and cross-border acquisitions and sales, according to Marsh.
Markel raids QBE for professional and financial risks MD
James Hastings has been appointed managing director of Markel’s professional and financial risks division.
Mapfre expects revenues to top €26bn in 2013
Spanish insurer Mapfre plans to pay a record dividend of €0.11 per share after posting revenues of €25,301.2m for the 2012 financial year.
S&P revises outlook on Ageas' Portuguese subsidiary
Standard and Poor’s has revised the outlook for insurer Millenniumbcp Ageas' core entities to stable following action on Portugal's sovereign rating.
RSA's sales and strategic relationship director to depart
RSA's sales and strategic relationships director for UK & Western Europe, Chris Sime, will be leaving the insurer at the end of June.
Aon launches scenario modeling tool based on past catastrophes
Impact Forecasting, Aon Benfield's catastrophe model developer, has launched scenario models to generate loss estimates for historic and hypothetical disasters.
K&R demand likely to increase following Chavez death
Interest in kidnap and ransom policies for Venezuela is expected to increase following Chavez' death, according to analysts.
Italy's political shift could spur ecommerce
While the uncertain outcome of Italy’s February election may herald a worrying time for Eurozone politicians, the success of Beppe Grillo’s Five Stars Movement it could have a positive impact on the insurance market.
Kilpatrick appointed global markets exec for Dual International
Dual, the underwriting arm of Hyperion Group, is entering the next phase of its restructure following a strategic review.
Day joins Global Options advisory board
Global Options has appointed former Ace vice president Roger Day to its advisory board.
Novae 'rebalances' book to deliver £49m profit
Novae has reported underlying profit before tax of £49.3m (2011: £6m loss) while the underlying pre-tax return on equity was 17.6% (2011: negative return of 2.1%).