Europe
Lloyd's reveals Superstorm Sandy claims could hit $2.5bn
Lloyd's has announced today that its estimated net claims before tax from Superstorm Sandy are between $2bn and $2.5bn.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Europe's insurers more insulated against crisis than banks
European insurers have proved more resilient than their banking counterparts in the current financial crisis, but are still vulnerable to economic shocks, Moody's said today.
Europe: a home for aggregators?
This year has seen aggregators bought and sold across Europe. Francesca Nyman investigates whether Europe can provide a home for them or whether their time has passed.
European regulation: the data, systems and processes challenge
As Solvency II implantation moves back, insurers might be forgiven for pausing to catch their breath but, as Richard Hart and Christian Schmid explain, this is actually the time for reviewing strategic data opportunities.
Aetna bolsters international PMI team
Aetna International has appointed Caroline Pain as head of international marketing and Gary Impett as business development manager to develop its insurance business in continental Europe, the UK and Ireland.
XL Group appoints Marsh's Lineham to political risk team
XL Group has appointed David Lineham to its political risk and trade credit team.
ERV Italy Facebook fans win 10% discount on travel cover
Italian consumers can now buy travel insurance from ERV via an e-commerce module on the firm's Facebook page as part of a new social media push.
Think tank suggests early intervention for systemically risky insurers
Insurers deemed to pose systemic risk should face three steps as part of an escalating "ladder of intervention", according to the Geneva Association.
Willis launches cover for offshore decommissioning risks
The energy industry faces new risks associated with decommissioning and dismantling oil and gas installations when they reach the end of their productive life, Willis Energy has warned.
US consolidator aquires Paul Napier
London-based Lloyd's broker Paul Napier has been sold to to US insurance broking consolidator Assured Partners for an undisclosed sum.
Europe View from the Top: Telematics standards for motor insurance
The backdrop to the introduction of telematics-based technology in cars is by now a familiar story, linked to the European Union Gender Directive being implemented across Europe.
Moody's launches Solvency II compliance tool
Risk measurement and management firm Moody's Analytics has added a Solvency II compliance tool to its enterprise risk solutions suite.
GFIA launches official website
The Global Federation of Insurance Associations has launched an official website designed to promote better understanding of the global insurance industry.
William Russell adds benefits to global health cover
International insurance provider William Russell will include additional benefits in its global health plan range for 2013.
Swiss Re forecasts 8% growth in emerging markets in 2013
Global non-life direct premiums are projected to grow by 3% in real terms in 2013, fuelled by emerging market growth of nearly 8%, according to Swiss Re.
Insurers' 'systemic risk' activities significantly less than banks'
International insurance think tank the Geneva Association has published a cross-industry analysis comparing the named 28 global systemically important banks to 28 of the world’s largest insurers on indicators of systemic risk.
Lloyd's managing agents offered guidance on Eurozone exit
Lloyd's managing agents have been given new guidance on how insurance and reinsurance contracts may react in the event of a Eurozone exit.
LMA issues Eurozone exit advice
The Lloyd's Market Association and law firm Clyde & Co have issued guidance on the impact on insurance and reinsurance contracts of a Eurozone exit for managing agents.
Aon Hewitt appoints global benefits leader from Mercer
Aon Hewitt, the human resources solutions business of Aon, has appointed Janine Heijckers-van den Nieuwenhuysen as global benefits leader for EMEA.
Arch faces legal challenge in Malta over D&O policy
Lloyd's insurer Arch Insurance Company (Europe) is being challenged in the Superior Courts of Malta in connection with a directors' and officers' policy for European Insurance Group.
Insurance head to leave European Commission
One of the key figures involved with the development of Solvency II is to leave the European Commission.
JLT Re appoints Aon's Dubecq as partner
JLT Reinsurance Brokers has appointed Thomas Dubecq as partner to support its growing international presence.
XL appoints Wenzel as senior VP capital markets
XL Group reinsurance arm has appointed Craig Wenzel as senior vice president of capital markets.