Europe
Italy's GI sector weathers major changes
Legislative changes, industry consolidation and on-going economic difficulties are changing the landscape of Italy's general insurance market, according to AM Best.
Global power industry sees rising claims
The global power industry continues to see a steady rise in the number of large insured claims, putting pressure on the supply of global power at a time of rising demand and on the future of the industry itself, broker Marsh said a report published today.
RMS and NMB in catastrophe modelling partnership
Catastrophe modelling firm RMS and independent Lloyd's broker Newman Martin and Buchan have entered into a long-term partnership for modelling and data analytics.
Cage begins work as CUO for Travelers Europe
Rob Cage has taken up the role of chief underwriting officer for Travelers in Europe, after joining from Chubb Europe, where he was active underwriter of Chubb's syndicate.
Ace appoints environmental underwriter for Benelux and Nordic
Ace has promoted Lauretta Alberti to senior environmental insurance underwriter for the Benelux and Nordic region.
UK FSCS in talks over Lemma liquidation
The Financial Services Compensation Scheme is stepping in to help customers of Lemma Europe Insurance Company Ltd after declaring the firm in default.
Results deteriorating for Spanish insurers as crisis continues
The Spanish non-life insurance sector remained profitable in 2011, but growth remains challenging amid one of the bleakest economic environments since the 1930s, according to AM Best.
Bernardino blasts "stagnation" in Solvency II talks
Gabriel Bernardino has condemned the "stagnation" in political talks to finalise Solvency II rules in a strongly worded letter to the European Union Commissioner in charge of regulation, Michel Barnier.
RSA lures Axa commercial liability boss
Corentin Maurice, Axa's former group head of commercial liability, has joined RSA as European liability leader in the firm’s global specialty lines business.
Towers Watson scores Willis hedge fund portfolio
Willis has selected pensions consultancy Towers Watson to manage a large portion of its hedge fund portfolio on a fiduciary basis, following a competitive tender.
Amlin's Beale joins LMA board
Simon Beale, Amlin's chief underwriting officer, has joined the board of the Lloyd's Market Association.
Catlin appoints Maran as chief science officer
International speciality property/casualty insurer Catlin Group has appointed Michael Maran as chief science officer.
Cooper Gay offers free RM and BC service to terrorism clients
Intermediary Cooper Gay & Co is offering a free crisis management and business continuity consultation to its terrorism and political risks policyholders.
ALC Health launches claims monitoring service for customers
International private medical insurance provider ALC Health has launched an online member service that allows policyholders to check details as well as submit, manage and monitor claims 24 hours a day.
Kalista offers parametric catastrophe trigger for property
Bermuda-based Kalista Global has launched a property insurance product ahead of the January renewals with specific parametric catastrophe triggers to ensure savings.
Carlson ups Barbican stake beyond 90%
Carlson Capital has increased its stake in insurer Barbican to more than 90% after buying out Steel Partners II.
Miller opens Paris base
Miller Insurance Services has opened an office in Paris with a view to increasing its reinsurance presence in Europe.
Legal indemnity and title insurer launches at Lloyd's
A new European provider of legal indemnity and title insurance has launched at Lloyd's.
Miller opens Paris office
Specialist broker Miller has opened an office in Paris in a bid to increase its reinsurance presence in Europe.
Legal services insurers in pole position to meet new generation's needs
Insurers are ideally placed to take advantage of the changing market environment, according to the new president of the International Association of Legal Protection Insurance (RIAD).
Blumer to exit Swiss Re
Swiss Re's chief investment officer, David Blumer, will leave the company in November, a statement on the firm's website revealed today.
India's cabinet approves FDI hike
India's government has approved the long-awaited increase in the cap on foreign direct investment in Indian insurers.
The gender neutrality countdown
As Europe counts down to the enforcement of the gender neutrality ruling, Neil Davies asks how prepared insurers and consumers really are.
Hill Insurance enters administration following 'external fraud'
Hot on the heels of the news that Lemma Insurance faces liquidation, it has emerged that a second Gibraltar-domiciled firm is entering administration.