Europe
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.
Axa and Japan Post ranked world's largest insurers
French insurer Axa once again came top of AM Best’s ranking of the world’s 25 largest insurance companies as measured by net premiums written, while Japan Post Insurance Company led the ranking measured by nonbanking assets.
Liberty appoints Dubois to lead business advisory team
Liberty Syndicate Management has appointed Rene Dubois to lead its business advisory team.
European insurers welcome guidelines on ECJ gender ruling
The European Commission’s publication of guidelines on applying the March gender ruling by the European Court of Justice has been welcomed by Europe’s insurers, according to the European insurance and reinsurance federation.
European Commission offers equality guidance to insurers
The European Commission has today adopted guidelines to help the insurance industry implement unisex pricing, after the Court of Justice of the European Union ruled that different premiums for men and women constitute sex discrimination.
Tokio Marine Europe focuses on regional operations
Tokio Marine Europe Insurance has expanded its UK underwriting team with two new recruits.
Financial services poll
Is a “paradigm shift” needed to restore confidence in Europe’s financial services?
EC data protection regulations could generate opportunities for cyber insurers
Draft regulations from the European Commission on data protection will impose significant demands on businesses and could generate new opportunities for cyber insurers, according to law firm DAC Beachcroft.
Determining liability for cyberbullying
The rise of the internet has opened the door to a new form of bullying and US insurers have become wary of the threat this poses to insurance. Lauren Jankowski explains that European insurers would do well to be wary of this threat as across the pond…
View from the top: Regulation - it’s a matter of the right amount
Time and again, debates rage as to the role of the European Central Bank in the crisis.
View from the top: Market volatility and risk – ‘Keep Calm and Carry On’
As 2011 draws to a turbulent end, minds are now focusing on how best to tackle the continued economic volatility that 2012 is sure to bring for risk managers across the world. Never has the old adage ‘Keep Calm and Carry on’ been more appropriate.
Exposure to eurozone economies impacts Aviva credit rating
AM Best has responded to ongoing negative developments arising from the eurozone sovereign debt crisis by taking rating actions against Aviva and a number of other European insurers.
Perils updates windstorm exposure data for 11 European countries
Perils, the independent organisation that provide industry-wide catastrophe insurance data, has updated the windstorm exposure data for 11 European countries.
Practical guidance can reduce risk managers' attention from regulators, says Ferma
Practical guidance on implementing European company law requirements on risk management, internal control and internal audit can help reduce regulatory attention, according to the Federation of European Risk Management Associations and European…
QBE names European markets head
QBE has appointed Judy Holt as head of business development, European markets with immediate effect.
Durban 2011: More than a once-a-year event
All eyes are focused on Durban for the 2011 UN Climate Change Conference. But according to many this is much more than a once a year event, reports Andreas Spiegel.
Emerging markets poll
Will emerging markets continue to grow?
Payment protection insurance thrives in Europe
Payment protection insurance is an expanding market in much of Europe, despite issues in the UK market, according to a report.
European financial services M&A activity down by 25%
There has been a significant slowdown in European financial services M&A activity during the Q3 of 2011.
Eiopa president calls for 'paradigm shift' in consumer protection
Eiopa president Gabriel Bernardino called for a “paradigm shift” to restore confidence in Europe’s financial services sector at the regulator’s first consumer strategy day.
Mitsui Sumitomo adds to Dublin team
Mitsui Sumitomo at Lloyd’s has appointed Brian Moran and Gavin Mullen as senior underwriters in its Dublin office.
Study exposes supply chain risks in China
A study commissioned by FM Global revealed a natural catastrophe in China on the scale of the 2011 Japan earthquake and tsunami would have an even more severe impact on supply chains, given the country’s critical role in global manufacturing.
Product innovation in European insurance firms is widespread
Product innovation in non-life insurance is widespread according to a new report.
$600m of Thai flood losses fall to Swiss Re
Swiss Re estimates its claims costs from severe flooding in Thailand will be $600m of the $11bn total losses.