Europe
Aviva Europe CUO joins Towers Watson
Professional services firm Towers Watson has appointed David Ovenden, former Aviva chief underwriting officer for Europe, to lead its underwriting analysis practice.
ACGS offers new reputation harm product
Allianz Global Corporate & Specialty has launched a new product designed to protect smaller companies from reputation harm.
"Waiting is no longer an option," McGavick tells risk managers
Insurers must "change their mindset" if they are to remain relevant in a changing world, XL chief executive Mike McGavick, pictured, told risk managers in Germany yesterday.
Asian View from the Top: Prudential insurance regulation - an evolving game-changer
Changes in prudential regulatory developments the world over are expected to have a significant impact on operational costs, the competitive landscape and the number and form of market participants in Asia Pacific.
Monte Carlo preview: The calm after the storm
With 2011 rocked by political uprisings and catastrophes, delegates at the Monte Carlo Rendez-vous had much to discuss. However, a year later, with the market beginning to settle, what will be on the agenda?
Solvency II timetable 'extremely tight' for insurers
Complete and accurate data is at the heart of the challenge to ensure that insurers are treated fairly under Solvency II, according to Allianz's Peter Keller.
NCC to support CNA with cyber response team
Global information assurance firm NCC Group has agreed to support commercial insurer CNA Europe with a cyber incident response team.
Flood losses more than doubled in past 10 years, study finds
Flood losses are increasing at an alarming rate and the insurability of floods provides unique challenges for the industry, according to Swiss Re's latest report.
Mitsui Sumitomo promotes Wood to class underwriter for PI
Mitsui Sumitomo at Lloyd's has promoted Stuart Wood to class underwriter for professional indemnity in its professional lines operation.
Weil begins leadership of Marsh UK and Ireland
Mark Weil has taken up his previously announced appointment as chief executive of Marsh's UK and Ireland operation, Marsh Ltd, following regulatory approval.
Reinsurers showing resilience under weight of catastrophes
The top 50 global reinsurers' financial positions coming out of 2011 shows the sector's resilience through one of the costliest catastrophe years in history, according to a report by AM Best.
RSA appoints Mitchell as non-executive director
RSA Insurance Group has appointed human resources specialist Hugh Mitchell to its board as a non-executive director from 26 September.
Geneva Association's Liedtke named as Blackrock EMEA head
Risk management organisation Blackrock has appointed Patrick Liedtke, outgoing secretary general and managing director of the Geneva Association, to lead its financial institutions group in Europe, the Middle East and Africa.
Direct Line confirms staff cuts
Direct Line Group could make up to 891 staff redundant as part a plan to claw back £110m gross annual costs by 2014, the firm's chief executive said today.
Catlin Re Switzerland promotes Eugster to chief underwriting officer
Catlin Group has appointed Markus Eugster as chief underwriting officer for Catlin Re Switzerland.
Catlin Re Switzerland names Eugster as CUO
Markus Eugster has been promoted to chief underwriting officer for Catlin Re Switzerland.
Malta hit by deluge after thunderstorms
Thunderstorms brought heavy rain and flash flooding to Malta, southern Europe between Sunday, September 2 and Monday, September 3.
Dubai Group sells Turkish non-life insurer
Dubai Group has sold its Turkish insurance arm to a company owned by former AIG chief executive Maurice 'Hank' Greenberg and a unit of Dubai lender Mashreq Bank.
Ace poaches Zurich's surety head
Ace has recruited Zurich head of credit and surety Luc Reuter to drive the expansion of its surety division into continental Europe.
KPMG demands clarity on Solvency II start date
KPMG's insurance director has called for a definitive statement on the Solvency II implementation date following the European Parliament's decision to defer the vote on the proposed Omnibus II amendments.
SS&C launches customisable Solvency tool
SS&C Technologies has launched CAMRA I-Risk, a tool for insurers to address emerging Solvency standards by combining financial reporting capabilities with a position-based stochastic simulation model.
Talanx primed for autumn IPO if market remains stable
German insurance group Talanx is planning an initial public offering this autumn after putting its long-held ambitions on the back burner earlier this year.
Bourgeois appointed Coface MD for UK and Ireland
Frédéric Bourgeois has been appointed managing director of Coface in the UK and Ireland as Xavier Denecker retires.
XL's environmental programme goes global
XL Group's insurance arm is launching global environmental cover for the first time.