Europe
Solvency II 2014 delay confirmed
The European Parliament has agreed that Solvency II should be delayed until 2014.
Western European deal-making "fragile" in July
Western European deal-making in July has been described as “fragile” by Zephyr researchers who recorded 1150 M&A deals worth a combined €39 091m in the past month – the weakest monthly result since August 2010.
Irish underwriter targets UK market
The managing director of an independently owned Irish underwriting agency has set his sights on the UK after signing a deal with Axa Ireland to launch a new motor product for its local market.
Swiss Re breaks protocol to deny Quinn links as regulators probe claims
The Malta Financial Services Authority and Irish financial regulator, Central Bank of Ireland, are in discussions to establish how stories surfaced that Quinn Insurance founder Sean Quinn was set to return with a new underwriting vehicle, Post has…
Santander latest bank to set asside PPI fund with Euros 620m hit
Santander today revealed a net profit of Euro 3.501 bn (down 21%), after setting up an extraordinary fund of Euros 620m in the UK to cover potential claims for payment protection insurance sold in the UK.
Post Magazine – 28 July 2011
This week the Post team reports on the confusion over reports in the Irish press that Quinn Insurance founder Sean Quinn has acquired a Malta-based insurance licence and as set to launch new company Q2 in competition with his former business which fell…
Swiss Re denies Quinn links as regulators probe claims – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories.
Ace reports 40% fall in net income
Ace has recorded net income of $607m (£370) in the second quarter of 2011, a drop of 10% on Q2 2010.
Ace reports 40% fall in net income at the half year mark
Ace has recorded net income of $607m (£370) in the second quarter of 2011, a drop of 10% on Q2 2010.
Sean Quinn’s new venture has no Malta licence
The Malta Financial Services Authority has denied reports that Sean Quinn has a Malta- based insurance licence for his new insurance company, Q2, according to sister publication Insurance Age.
Coene appointed Europe MD for QBE
QBE has appointed Patrick Coene as managing director, European Markets.
Scientific research improves extreme weather planning
Insurers and commodity markets can make better risk decisions thanks to increased scientific knowledge about the twin climate cycles, El Niño and La Niña.
QBE raids Amlin for new European boss
QBE has appointed Patrick Coene as managing director, European Markets.
Ferma: no more EU corporate governance rules needed now
The Federation of European Risk Management Associations has told the European Commission that it should start with “implementation and robust enforcement” of existing EU corporate governance rules on risk management, rather than creating new ones at the…
Airline carriers see lowest losses in six years
The airline industry experienced an eerily quiet first half of the year, with losses of just $400m, the lowest total in six years, according to the latest report from the Aerospace division of Willis Group Holdings.
AM Best Europe recruits new MD
Stefan Holzberger has joined AM Best’s European business in the role of managing director, analytics.
Brit still in profit at H1 2011 despite 15.5% COR hit for major claims
Brit Insurance has this morning reported that its profit before tax was £6.8m for the first six months of 2011 (30 June 2010: £77.5m). Excluding the effect of foreign exchange on non-monetary items it was £1.6m (30 June 2010: £72.8m).
AM Best appoints Holzberger as EMEA MD
AM Best has appointed Stefan Holzberger as managing director, analytics.
LIU Europe appoints environmental liability underwriter for France
Liberty International Underwriters in Europe (LIU Europe) has appointed Audrey Mondin as environmental impairment liability underwriter in its Paris Office.
Fitch affirms Lloyd's of London IFS rating at A+
Fitch Ratings has affirmed Lloyd's of London's insurer financial strength rating at 'A+'.
Aon makes senior European appointments
Aon Risk Solutions has made three senior-level appointments for Aon GRIP Solutions in Europe, the Middle East and Africa.
Quinn founder plots insurance return with Malta-based Q2
Sean Quinn has acquired a Malta-based insurance licence which will allow him to return to the market in the coming months, it has been reported.
Insurance Insight’s first weekly update live
Insurance Insight’s first weekly update is now live with an article on global insurance programmes and how local can some times be best; as well as a View from the Top on the need for insurers to be flexible when it comes to risk management.
View from the Top: Time for a new way of working with risk
Having recently attended the Airmic conference in Bournemouth, it struck me how much the risk management profession has changed over the last decade.