Europe
Xactium lures senior talent to expand broker base
Xactium, the governance, risk and compliance solutions provider, has hired two new senior executives as the firm builds its team to manage an uplift in demand.
Mapfre to offer roadside assistance for bikers in India
Mapfre Assistance is to provide breakdown assistance for moped and motorcycle riders in India, after designing a trailer to transport two-wheeled vehicles.
Broker boom as emerging Europe embraces intermediaries
The European market for commercial non-life insurance broking reached a value of €9.89bn in commissions and fees in 2011, according to financial services consultants Finaccord.
Liberty Europe's commercial arm reports 'profitable growth'
Liberty Mutual Insurance, the commercial lines division of Liberty Mutual Insurance Europe, is reporting 'substantial profitable' growth.
Nat-cat losses dip below average for first six months of 2012
Natural catastrophe losses for the the first six months of 2012 were $26bn, well below the six-month average of recent years, according to Munich Re.
Insurers call for single global accounting framework
A need for increased financial reporting transparency and consistency has led more insurers to call for a single global accounting framework, according to a survey of insurance finance executives.
Eiopa urges insurers to use ORSA guidelines
The European Insurance and Occupational Pensions Authority has published its final report on the draft guidelines for Own Risk and Solvency Assessment.
UK MGA Association celebrates as RSA joins
Global insurer RSA has become the latest member of the Managing General Agents' Association, a non-profit organisation that represents UK MGAs.
Solvency II timetable faces more delays after failed talks
Solvency II regulations could face more delays after talks to finalise the legislation ended without conclusion, according to a UK insurers trade body.
Pan-European certificate Poll
Is a pan-European certificate of professional competence needed for risk managers?
View from the top: Eyes wide shut?
It is hard to read news reports that do not contain stories about the latest cyber data breach, or information on 'spyware' and computer espionage.
Camradata signs up insurance firms for investment data service
Investment information specialist Camradata has extended its reach into the insurance market by signing up new clients for its data service.
Insurers urged to adopt unisex rates ahead of directive deadline
Group risk insurer Ellipse has been swift to set out its response to the EU's gender directive, announcing it will switch to providing rate tables on a unisex basis only from September this year.
Euler Hermes launches Europe credit insurance
Euler Hermes is launching Europe Credit Insurance in the UK market, which enables businesses to receive additional cover up to a £1m for exceptional transactions.
Eiopa guidelines give clarity now insurers must act say analysts
Insurers were urged to get their final Solvency II preparations underway following the release of Eiopa’s Guidelines for Solvency II Reporting & Disclosure this week.
XL seeks to increase "regional presence" with German appointments
XL has expanded its underwriting team for middle market firms in Germany with the appointment of two senior underwriters.
Eiopa publishes consultation on Solvency II disclosure requirements
The European Insurance and Occupational Pensions Authority published its final report on reporting and disclosure requirements for insurance undertakings and insurance groups today.
Fitch withdraws ratings of Fondiaria-SAI
Ratings agency Fitch has withdrawn the ratings of Italian insurer Fondiaria-SAI owing to insufficient information.
Swiss Re untroubled by immediate Eurozone crisis
Swiss Re faces no immediate threat from the Eurozone crisis and could withstand the orderly exit of multiple countries from the euro, its chairman was quoted as saying on Monday.
UK faces ongoing flood risk after wettest April to June on record
Further flooding affected the UK during the weekend of 6 and 7 July following outbreaks of exceptionally heavy rainfall.
Flash floods in Russia kill 170 and cause severe damage
At least 170 people were killed when flash floods hit the Krasnodar region of southern Russia on 6 July after excessive rainfall.
RAC sells Ace travel product
RAC is to sell travel insurance in the UK after striking a deal with Ace Group.
Allianz consultant takes Assurant compliance role
Assurant Solutions has appointed John Miles as the newest member of its European compliance team.
More remuneration data could confuse customers, says Insurance Europe
Insurance Europe believes proposed European regulatory changes fail to ensure an equal level of consumer protection for all distribution channels of insurance products.