Europe
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.
HSBC sells European insurance units to run-off specialist
Banking Group HSBC has agreed to sell two European insurance units to Catalina Holdings.
HSBC sells Irish legacy businesses
HSBC Holdings has agreed to sell two Irish legacy businesses to Bermuda-based run-off specialist Catalina Holdings.
Zurich joins UN-backed responsible investment initiative
Zurich has signed up to a United Nations-backed network of institutional investors, asset managers and service providers that aims to promote best practice in responsible investment.
Markel appointments aim to strengthen Italian PI team
Specialist underwriter Markel International has made two appointments in its Italian professional liability team.
Atradius still on cover in Greece
Credit insurer Atradius is continuing to offer trade credit cover for Greece, despite the economic turmoil facing the country.
Broker knowledge gap still an issue for cyber market
Limited broker knowledge is a challenge for cyber insurers trying to raise customer awareness of the products available, according to Geoff White, Zurich's senior market underwriter for techmedia.
Aviva chairman vows to exit underperforming segments
Aviva’s new chairman has pledged to cull 16 underperforming segments as part of a business revamped strategy.
"High roller" attacks show banks underestimate cyber risks
Many online banking systems rely dangerously on PCs being secure according to the European Union’s cyber security agency.
Mitsui Sumitomo appointments bolster risk team
Mitsui Sumitomo at Lloyd’s has appointed Martin Burke as chief risk officer.
Aviva to exit 16 worst performing businesses
Aviva is to dump 16 of its worst performing business segments including its Italian partnerships businesses, UK large-scale businesses; and its South Korea business as part as an overhaul of the whole business.
Aviva appoints new general insurance CEO amid senior shake-up
Aviva’s UK & Ireland general insurance chief executive David McMillan has been given the new role of director group transformation and a remit to manage the implementation of the new strategic plan across the group.
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
Legal Update: Migrant Workers - Claims farming
The harvest season in the UK inevitably means a rise in migrant workers in the agricultural sector. The need to navigate questions of ethics, potential conflicts of interest and policy breaches means insurers must scrutinise related claims carefully
Commission disclosure overhaul could hit Germany hardest
Commission disclosure requirements in the revised Insurance Mediation Directive would have a particular impact on the German market according to law firm Norton Rose.
Future Generali targets rural segment with microinsurance product
Generali’s Indian joint venture Future Generali has launched a microinsurance product for rural business owners.
Biba "disappointed" with IMD revisions
The British Insurance Broker’s Association said it was “very disappointed” by the five year timetable set for mandatory commission disclosure in the draft version of the Insurance Mediation Directive II.
Biba slams European timetable for commission disclosure
The British Insurance Brokers’ Association has accused the European Commission of ignoring the views of major financial and insurance bodies in its decision to impose a timetable to mandate disclosure of insurance commissions.
William Russell re-brands and launches new website to 'remain competitive'
Expatriate insurance specialist William Russell is launching a major re-brand to coincide with its 20th anniversary in the industry.
IMD draft confirms mandatory disclosure for GI brokers by 2017
A draft of the revised Insurance Mediation Directive released by the European Commission has confirmed broker’s fears regarding commission disclosure.
Allianz tops 2011 non-life rankings for premium income
Allianz retained its place as Europe's top non-life insurer in 2011, according to Spanish insurer Mapfre's non-life rankings published today.
Guernsey domiciled entities continue to grow
The number of international insurance entities licensed in Guernsey grew by 52 during the first five months of 2012.
International loss adjusters VRS elect new president
The board of VRS Adjusters has appointed of Michael Arbour as its new president with immediate effect.
IUA elects two new board members
Two new members have been elected to the Board of the International Underwriting Association.