Europe
Cross-border exchange of information poll result
How exchanging of information on traffic offences across borders affect European insurance claims?
Q&A: Alberto Corinti
Alberto Corinti, director at Promontory Financial group, formerly of the CEA and the Committee of European Insurance and Occupational Pension Supervisors spoke to Francesca Nyman, giving a regulator’s perspective on the biggest challenges facing the…
European insurance guarantee schemes should be part of EU-wide body
The European Union should fund closer cooperation between insurance guarantee schemes in all EU countries, the European Insurance and Occupational Pensions Authority has said.
Swiss Re corporate aims for top 10 commercial position
Swiss Re’s new dedicated commercial arm is aiming to be a top 10 player for brokers in the corporate market.
Ferma 2011: Contractors looking beyond Europe for infrastructure projects, JLT warns
Slower deal flow in Europe means contractors are looking further a field for projects but growth economies create different risk challenges JLT has warned.
Ferma 2011: Risk consultancy Herco aims to open in Spain by Q2 2012
MDS owned risk consultancy Herco is expanding into Spain in 2012.
Meditel subject to MBO
Meditel is now operating as an independent organisation from a new establishment in Gouda following a management buy-out on 1 October.
BIS panelists say arbitrage is inevitable under Solvency II
Arbitrage between different regulators is likely under Solvency II, according to panelists at Post’s Business Insurance Summit last week.
European Council adopts road safety directive
The European Council has adopted a directive on cross-border exchange of information on road traffic offences, on the basis of a text agreed with the European Parliament.
Aon names first ever European power chief
Aon Risk Solutions has appointed Denis Waerseggers to the newly created position of European power leader.
Conning names European chief investment officer
Conning has appointed Russell Büsst to the newly created position of European chief investment officer.
Commission proposes financial transaction tax
The European Commission has outlined proposals for a financial transaction tax across all members of the European Union.
Fitch adds to Groupama's woes
Fitch Ratings has downgraded Groupama SA's and four of its core insurance subsidiaries' insurer financial sStrength ratings to 'BBB' from 'A-'.
Williams to head D&O for LIU Europe
Liberty International Underwriters in Europe has appointed Guy Williams as head of directors' and officers and financial institutions.
Surplus lines industry continues to suffer
The surplus lines industry suffered an unprecedented fourth year of declining premiums in 2010, a new report has found.
Genworth Financial places new reinsurance treaty for European mortgage insurance
Specialist insurer Genworth Financial has placed a new reinsurance treaty for mortgage insurance in Europe which it says will create significant additional capacity for Genworth’s European mortgage insurance business.
RSA rules out investment in R&D of renewable energy
RSA has claimed it wants to be a major player in the renewable energy market but has stated it “won’t be at the forefront of research and development risks” as this is someone else’s job.
Sevice poll result
Are brokers prepared to switch for lower quality service at a cheaper price?
Willis appoints new head of global aerospace
Willis Group has appointed Rolls Royce Group’s head of risk, Mark Wilford, as chairman of the company’s aerospace division.
Renewable manufacturers call for tariff withdrawal protection
The insurance industry could play a crucial role in supplying protection against u-turns in European government policy and provide vital support for the emerging renewables market.
Bio-energy sector most 'problematic' for underwriters
The bio-energy sector is the ‘most problematic' renewable area for underwriters according to RSA.
AM Best affirms XL ratings
AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of the holding company, XL Group plc (XL) (Ireland) led by XL Insurance (Bermuda) Ltd (Hamilton, Bermuda).
European Commission to propose additional contract law in October
European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.
Genworth appoints sales development director
Genworth has named Kostas Halatsis as sales development director for its mortgage insurance business in Europe.