Europe
Generali's Perissinotto ousted as CEO
Giovanni Perissinotto has been removed as chief executive of Italy-based insurer Assicurazioni Generali.
Towers Watson builds IMC business with senior European appointments
Towers Watson has appointed Sabine Leboulanger in France and Henning Maass in Germany to lead the growth of its Insurance Management Consultancy practice in Europe.
Fitch expects 'severe adverse effects' for any country exiting the euro
A special report published by Fitch today addresses the possible impact on credit ratings of countries redenominating after a Eurozone breakup.
Strong growth prospects for Nordic life market
Growth prospects for the Nordic life insurance markets remain strong, but insurers will have to assess the viability of selling contracts with investment guarantees due to high capital charges under Solvency II, according to Fitch.
QBE appoints country manager for new Belgium operation
QBE has named Erik de Smedt as country manager for Belgium, following a decision to open an underwriting office in Brussels.
FM Global makes senior appointments in Asia and Europe
FM Global has made a number of senior changes to its management team in Asia and Europe.
Europe sees total GWP fall in 2011, but non-life premiums continue to rise
Total written premiums for Europe's insurers fell by 1.5% at a constant exchange rate during 2011, statistics published by Insurance Europe today showed.
Polish high court upholds Link4 judgment
Poland's highest court has upheld an earlier ruling that an advert for Polish motor insurer Link4 had caused offence to some parties but dismissed claims that it had misled customers.
Willis Ireland acquires Attain Consulting
The Irish arm of broker Willis Group has added to its domestic employee benefits business with the acquisition of Attain Consulting and sister company Trustee Principles for an undisclosed sum.
Second quake strikes north west Italy
At least eight people are reported to have died after the second significant earthquake in nine days struck northern Italy on Tuesday afternoon.
Tycoon's son makes surprise ING Asia bid
The son of Asia's wealthiest tycoon, Li Ka-shing, has lodged a surprise bid for the south east Asian businesses of ING's $6bn Asian insurance operations, the Financial Times reported today.
Aviva announcement on senior staff shake-up expected
Aviva is understood to be preparing to inform staff this week of details of the next stage in its plan to "simplify" its business.
Lift protectionist regulations or lose foreign firms, China warned
A fifth of firms investing in China may shift future investment to other economies as a result of protectionist regulations, according to a survey by the European Chamber of Commerce in China.
RSA targets 'consistency' across global network with GSL restructure
RSA's reorganisation of global speciality lines aims to bring consistency across the group's global network, according to Paul Donaldson, director of global broker relationships and sales.
Top 10 news stories
The top 10 stories from www.insuranceinsight.com last week.
O’Donnell replaces Robinson as Ace financial lines head
Timothy O'Donnell has been appointed executive vice president of financial lines for Ace's international insurance operations.
Amlin to integrate French unit
Amlin France, known as Anglo-French Underwriters before its 2008 acquisition by Amlin Group, will be integrated into Netherlands-based Amlin Corporate Insurance as part of the insurer's European growth strategy.
Geyer steps down as Vienna Insurance president
Günter Geyer is resigning after 11 years as chief executive of Vienna Insurance Group, having presided over the most profitable period in the group's history.
A third of general insurers to re-price products in run-up to Solvency II
Increasing numbers of insurers plan to re-price and reorganise their product mix in response to the introduction of Solvency II regulations, according to a Deloitte Survey.
XL allows collateral trusts in place of letters of credit
XL Group is now accepting collateral trusts in lieu of letters of credit used as collateral for corporate deductible and captive insurance programmes in the UK.
QBE underwrites RMP's public sector business
QBE Europe will underwrite the public sector business of AJ Gallagher subsidiary Risk Management Partners from 1 July.
Tawa aquires Oberösterreichische Versicherung's run-off portfolio
Tawa's German subsidiary, Hamburger Internationale Rückversicherung AG, has taken over a reinsurance portfolio in run-off from Austrian insurer Oberösterreichische Versicherung AG.
Amlin consolidates European operation
Amlin has consolidated all commercial insurance activities in mainland Europe with the integration of its French operation into its Netherlands base.
Coface appoints manager for France and Western Europe
Coface has appointed Jean-Michel Riou as manager of Coface France and the Western Europe platform.