Europe
Post Magazine – 11 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
Staff face redundancies as Travelers exits private motor market
Travelers Insurance has today confirmed its decision to exit the private motor market in Ireland from 1 October, following a review of its strategy and operations in Europe.
Impact of UK riots should not affect insurer ratings
Insurers have been reassured that the ongoing riots being carried out across the UK should have no impact on company ratings.
Now Health International launches online quote facility for group IPMI
Now Health International has launched an on-line facility which it claims provides instant international health insurance quotes for up to 50 employees in seconds.
E&Y European head appointed to lead global insurance practice
Shaun Crawford, has been appointed to lead Ernst & Young's global insurance practice and global insurance center based in London and New York.
Shadow Treasury minister tells Osborne to take Solvency II "more seriously"
Chris Leslie MP, shadow financial secretary to the Treasury, today called on the Chancellor to initiate higher level debate on the effects of Solvency II on UK consumers and business.
Shadow Treasury minister tells Osborne to take Solvency II "more seriously"
Chris Leslie MP, shadow financial secretary to the Treasury, today called on the Chancellor to initiate higher level debate on the effects of Solvency II on UK consumers and business.
Groupama UK arm reports decline in fleet driven by taxi book
Groupama today revealed that premium income for its UK arm rose by +0.9% to €276m (£240m) at 30 June 2011.
RSA UK personal lines result helps offset £19m commercial loss
RSA has reported a rise in UK premiums of 7% to £1570m for the first six months of 2011.
News analysis - Lancashire Tax move: Bringing business back to Blighty
With Lancashire set to move its tax residence to the UK, Amy Ellis looks at proposed reforms to the controlled foreign companies rules and asks whether other insurers may follow suit.
Gay-only deal website looks to add insurance products to portfolio
A former loss adjuster, who left the industry when his firm went bust to set up Europe's first gay-only deal website, is considering teaming up with insurers to expand.
Solvency II action remains vital despite delay proposal
Firms have been urged to continue working towards the 1 January 2013 implementation deadline for Solvency II, despite the European Parliament announcement that the regime should be delayed until 2014.
Postbox: Facing the data challenges of Solvency II
I read your article 'Lack of funds to spark Solvency II M&As', with interest. The article tells us that 31% of insurance firms surveyed are fully aware of the implications of Solvency II, and a further 38% are partially aware, but I wonder how many have…
Editor's comment: The wheels of industry
The schools may be out for summer and European business fast grinding to a halt as workers decamp to the coast but it's good to see the wheels of British commerce continue to turn, albeit at a rather less than frenetic pace.
Post Magazine – 4 August 2011
This week the Post team reports on Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own campaign over Equity’s losses.
Lloyd’s pursues own probe into Equity syndicate losses – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own…
Leisure industry irresistible target for cyber pirates
The vast quantities of personal and identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks, according to global insurance broker Willis Group Holdings.
Gable CEO targets UK commercial combined market after "strong" first half
Gable Holdings has announced that it has had a "strong" first half as it prepares for its AGM in Liechtenstein today.
Mapfre names UK travel MD
Mapfre Assistance has appointed Jair Marrugo as its managing director of UK travel.
Mphasis acquisition broadens reach
IT services company Mphasis has entered into a definitive agreement to acquire Wyde Corporation, an international software vendor and creator of insurance policy administration solution Wynsure.
European brokers set to benefit from IP growth
The value of intellectual property has come to the fore in recent months and according to Sam Bobo smart European brokers will be investing in developing insurance for this area in order to corner an expanding market.
Munich Re transfers European windstorm risks to capital markets
Munich Re has acquired coverage for European windstorm risks with volume of $150m from Queen Street III Capital, which in turn has placed a catastrophe bond for this amount on the capital markets.
European Parliament confirms Solvency II 2014 delay
The European Parliament has agreed that Solvency II should be delayed until 2014.