Europe
Willis Q3 results hit by disposal of Indian operation and JV settlement
Willis has revealed that its third-quarter net income was hit by an $11m charge related to a settlement with a former joint venture partner in India and the related $1m loss on disposal of the India operations.
Spencer aims for consistency at Aviva
Robin Spencer, Aviva's recently appointed chief executive of general insurance in the UK & Ireland, has outlined his desire to bring stability and growth to the business.
E+S Rück predicts stable prices for German renewals
E+S Rück, the Hannover Re Group company responsible for German domestic business, anticipates stable or rising prices in the market for the upcoming treaty renewals on 1 January.
French motor market to shift following annuity policy change
The re-evaluation of motor annuities by the French government will create long-term challenges for French motor insurers, according to Willis Re, the reinsurance arm of broker Willis Group.
FSA changes Solvency II compliance timetable
The Financial Services Authority will work on firms' Solvency II internal model approval until 31 December 2015.
Western sanctions threaten to halt Iran's shipping industry
Western sanctions are jeopardising Iran's vital shipping industry, and the country's biggest cargo carrier will face serious problems if the pressure continues, according to the head of the Islamic Republic of Iran Shipping Lines.
BP Marsh eyes insurance opportunities
Venture capital provider and Hyperion investor BP Marsh has reported profit after tax of £2.2m, representing an increase from £2.0m for the six months to 31 July 2011.
Cooper Gay Swett & Crawford seals equity investment
Broking group Cooper Gay Swett & Crawford has agreed terms with Lightyear Capital and institutional co-investors for a substantial investment into the CGSC Group.
Aspen Re enhances risk management in China
Aspen Reinsurance has licensed Air Worldwide's multiple peril crop insurance model for China to enhance its risk management capabilities in catastrophe-exposed agricultural regions of the country.
Demand for transactional risk cover up 35% in 12 months
Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield revenue and assets from the risks faced on acquisition and exit or sale, according to a report published today by Marsh.
JLT's Q3 profit warning indicates challenges ahead
Jardine Lloyd Thompson faces significant challenges to its ambition to be a top three global player, according to an Investec analyst note.
Hiscox appoints head of catastrophe research and two trainees
Hiscox has appointed Dr Richard Dixon as group head of catastrophe research, and expanded the London Market reinsurance team with two recruits.
Risk management linked to good corporate performance
Maturity of risk management processes is correlated with sustainable improvements in corporate performance, according to the 2012 Risk Management Benchmarking Survey of the Federation of European Risk Management Associations.
Low interest rates and claims inflation hitting profits, warns Munich Re
The impact of persistently low interest rates on investments and the growing risk of inflation for severe bodily injury claims are cause for concern for the insurance industry, Munich Re has warned.
BrokersLink launches supply chain tool
BrokersLink has launched Specialized Resources, a risk management service which it says will give members access to tools to help clients identify and quantify potential supply chain risks.
Swiss Re unveils senior appointments
John Dacey, Swiss Re's head of group strategy and strategic investments, is to join the group executive committee from 1 November.
BrokersLink offers supply chain risk advice
International broker network BrokersLink has launched a supply chain risk management service for its members.
Italy - land of opportunities
Recent research shows that car insurance in Italy costs five times the European average, underinsurance is rife and the government is scaling back on its intervention. Liz Booth investigates whether there are any opportunities for foreign insurers.
Q&A: Zurich's Steve Green
Regulation, compliance and a difficult trading environment are posing problems for insurance companies in Europe, but the region still has huge potential. Steve Green, middle market network leader at Zurich, explains how to grasp the opportunities for…
Nearly half of insurers won't be Solvency II ready by 2014
While 57% of insurers across Europe think they are on track to comply with Solvency II by January 2014, readiness varies significantly by country, according to Ernst & Young.
Solvency II unlikely to be implemented until 2016
Solvency II rules may not take effect until 2016, Gabriel Bernardino told The Wall Street Journal this week.
Almost half of insurers struggling with Solvency II deadline
Some 43% of European insurers are unlikely to be prepared for Solvency II by 2014, research by Ernst & Young has revealed.
BrokersLink adds 13 new members
BrokersLink today announced the addition of 13 new members at its fourth annual conference in Madrid.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.