Europe
Last Delta Lloyd shares earn Aviva £350m
Aviva has priced its remaining stake in Benelux insurer Delta Lloyd at €12.65 per share, which would amount to gross cash proceeds of £353m.
Interconnectivity of environmental and economic risks is major threat
Environmental and economic risks are on a collision course as cash strapped governments struggle to cope with the increasing economic burden from natural catastrophes, according to the World Economic Forum.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Lithuanian insurance market to grow at least 6% in 2013
Lithuanian insurers can expect the non-life sector to grow by up to 7% this year owing to the increased spending power of its citizens, RSA said today.
Generali secures full control of CEE joint venture
Generali will take full control of eastern European insurer Generali PPF Holding after buying out joint venture partner PPF Group, the firm said today.
Global Aerospace opens Cologne office
Global Aerospace has hired Joerg Jakobs to lead a new branch office in Cologne, Germany.
Some European insurers still value for money, says Westhouse
Despite the broader pan-European insurance sector delivering among the worst total returns over the past decade, some management teams are still adding value, Westhouse said in a note today.
Insurance Europe welcomes dialogue between EU and US on regulation
Trade body Insurance Europe has praised the dialogue between EU and US policymakers on insurance regulatory issues.
Ace's Andrade appointed COO for overseas insurance
Juan Andrade, Ace's division president for global personal lines and small commercial insurance, has been appointed to the additional post of chief operating officer for the firm's overseas general insurance business.
Antares forms partnership with Japan's Itochu Corporation
Antares has formed a strategic and financial alliance with Japanese trading organisation Itochu Corporation.
Insurers' profits down 12% over two years
Insurers' profits are expected to have fallen 5% in 2012, Ernst & Young said today, as the firm forecast another difficult year for the financial services industry.
Amlin Corporate reborn as Amlin Europe
Amlin Corporate Insurance is now operating under the name Amlin Europe, according to a statement on the company's website.
Achmea completes OVO acquisition
Dutch insurer Achmea has completed the acquisition of mutual government insurer Onderlinge Verzekeringen Overheid.
Ergo launches modular home contents policy
Munich-Re owned Ergo Insurance has launched a new home contents policy for the German market.
April Group to hire Orkney-based business consultant
The UK arm of France's April Group is looking to appoint a permanent business consultant in the Orkney Islands after growing demand for its medical and income protection policies.
Zelle Hofmann opens London office
Law firm Zelle Hofmann Voelbel & Mason is opening a London office in January to address the growing needs of clients in the London and European insurance markets.
Reinsurers back Zurich quake bond
Munich Re and Swiss Re have acted as joint lead structuring agents in a $270m (£166m) catastrophe bond transaction that transfers North American earthquake risk to the capital markets, on behalf of Zurich Insurance Group.
IAIS finalises policy for 'too big to fail' insurers
The International Association of Insurance Supervisors is finalising policy proposals for the risk management of globally systemically important insurers, or G-SIIs, commonly referred to as ‘too big to fail’.
Gable is likely takeover target, says investment bank
Gable's appointment as a Towergate trading partner in December is "further evidence that it has established itself as an accepted provider of insurance products", according to Panmure Gordon, which has listed the Lichtenstein-domiciled insurer as its …
Miller hires facultative broker
Facultative reinsurance broker Charlotte Condon has joined Miller's reinsurance team in London.
MEP says gender ruling "flies in face of common sense"
Marina Yannakoudakis, MEP for London and Conservative Women's Rights spokesman in the European Parliament, has criticised the EU’s gender-neutral pricing rules which took effect on 21 December 2012.
Groupama cuts stake in Société Générale
French insurer Groupama has reduced its direct and indirect shareholding in French banking group Société Générale.
Aviva France appoints new CEO after Maso y Guell Rivet resigns
Philippe Maso y Guell Rivet has resigned as chief executive of Aviva France after 18 months in the role.
Tax changes cause new year headaches for European insurers
Tax changes that came into effect in Denmark, Hungary and the Netherlands on 1 January 2013 could pose challenges for insurers and brokers.