Europe
CNA extends offering for pharmaceutical and biotech companies
CNA Insurance today said that HealthPro, its specialist offering to the healthcare industry, has added property and business interruption coverage to its suite of products for the advanced medical technology sector.
Romanian protest damage not covered by most policies
The damage from violent street protests in Bucharest on Sunday (January 15) could amount to between €300 000 and €450 000, most of which are not thought to be insured.
Swiss Re appoints new CEO to replace Lippe
Swiss Re's board of directors has appointed Michel Liès as the new group chief executive officer as of 1 February 2012.
Dual Ireland appoints Marsh commercial broker
Specialist underwriting agency Dual Ireland has expanded its Dublin-based team with the appointment of Martha Gorman as development underwriter for financial lines.
Solvency II capital proposals bad for captives, says Fitch
The latest QIS5 Solvency II regulatory capital proposals could significantly increase the capital and compliance burden of the European captive market, according to a report by ratings agency Fitch.
Guernsey still top European domicile with 50% captive rise
The number of insurance licenses issued in Guernsey last year rose more than 50% compared to the previous 12 months.
More proactive risk management is needed survey finds
While global companies are intensifying their focus on enterprise-wide risk management, most corporate leaders believe their companies have a long way to go in building an effective, risk-aware culture.
Catvest launches energy risk model
Catvest Petroleum Services, the specialist risk modelling, quantification and structuring firm for the energy and chemical sectors has launched its energy risk model and industry loss index.
Coface predicts recession rate of 0.1% for Europe in 2012
Credit insurer Coface warned about the systemic nature of the Eurozone crisis at its annual country risk conference but does not expect a return to depths of the 2008-2009 crisis.
Marsh hunts new UK CEO as South takes wider European role
Martin South has been appointed into the newly-created position of CEO of Marsh Europe, leaving the broker searching for a replacement.
South appointed CEO of Marsh Europe
Marsh has appointed Martin South to the newly-created position of chief executive officer of Marsh Europe.
Reliance on third parties for data Solvency II challenge
Reliance on third parties for data, sophisticated risk modelling requirements and obtaining sufficiently detailed fund data were top of a list of challenges identified by European insurers in order for them to meet Solvency II requirements.
Willis teams up to boost 'renewable energy revolution'
Willis Group Holdings has confirmed a new strategic alliance with clean energy financier Narec Capital to unlock opportunities for firms in the renewable energy market.
Marsh appoints loss-adjuster to head energy and construction
Global broker Marsh has recruited Vincent Marrot to be its global leader for energy engineering and leader of construction engineering for the firm's international division.
Cyber threat poses huge global risks
Fiscal problems, global connectivity and demographic shifts pose the biggest risks in the next few years, according to the World Economic forum’s 2012 Global Risks report.
XL merges property and asset protection divisions
XL Group has combined its property underwriting and XL Global Asset Protection Services to form one unified team of risk engineers worldwide.
Kane restructures as HSBC deal completes
Captive insurance manager Kane has completed a management restructure coinciding with the completion of the first phase of its integration of HSBC Insurance Management.
Markel International expands MGA division
Markel International has strengthened its MGA division with the appointment of Sarah Brien as senior underwriter and Alex Hardy as underwriter.
Eurozone financial services companies face challenging 2012
Solvency will remain a key challenge for Eurozone financial services companies throughout 2012, despite the positive action taken by the European central bank.
Clustering seen as Windstorm Andrea follows hot on Ulli's heels
Windstorm Andrea passed through the UK earlier last week, fast on the heels of Windstorm Ulli, which brought widespread travel and power disruptions to Scotland.
Liberty Syndicates appoints new head of risk management
Liberty Syndicate Management, a member of Liberty Mutual Group, has appointed Dan Wilkinson as head of risk management.
A windstorm for the insurance market
As the market gradually starts to digest the recent European renewals, Francesca Nyman considers the increasing challenge that European windstorms pose and whether insurers are adequately protected against this risk.
Bancassurance: a bright future?
With all the turmoil across the Eurozone and with regulatory upheaval ahead, it seems it could be an interesting time for the bancassurance market, as Jakki May reports.
Windstorm Ulli expected to hit Scandanavia then dissipate
Windstorm Ulli is passing through Scandinavia and is expected to dissipate as it moves over the Baltic Sea today.