Europe
European extended warranty market for mobile gadgets to hit €7bn by 2014
Extended warranties and insurance for mobile gadgets and telephones are outgrowing those for non-mobile white, brown and grey goods.
Insurance IT provider Sapiens merges with aim to reach $100m revenues
Sapiens International Corporation, a global provider of innovative software solutions for the insurance industry, has signed a definitive agreement to acquire FIS Software and IDIT I.D.I. Technologies, both providers of software solutions for the…
Ace makes Continental appointments
Ace has promoted Andreas Wania from Central and Eastern Europe manager to chief operating officer for Ace Germany and will be based in Ace’s Frankfurt office.
Report finds insurance capacity remains buoyant in Europe
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa, however, in some areas rates have increased, and insurers have tightened their policy terms and conditions in the second quarter…
Claims advocate joins CEDR panel
Europe's largest independent commercial mediation provider the Centre for Effective Dispute Resolution has named insurance claims advocate Roger Flaxman as its 18th specialist insurance panel member.
Post history - 50 years ago: Draft war settlement laid out
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Post Magazine – 21 July 2011
This week the Post team reports on DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
Amicus to close Colchester office in efficiencies push – Insurance News Now – 21 July 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
Marsh forms global claims practice
Marsh has formed a global claims practice to harness its claims experience around the world.
Willis Research Network launches Economic Capital Forum
Risk and actuarial research departments have come together under the Willis Research Network, the academic and analysis arm of Willis Group Holdings, to support the industry’s development and use of economic capital models required under Solvency II and…
Tokio Marine Europe files for Chapter 15 recognition in US
Tokio Marine Europe Insurance Ltd, a part of the Tokio Marine Group, has filed a petition for protection from creditors within its recently approved solvent scheme of arrangement under Chapter 15 in US bankruptcy court in Manhattan.
Insurance Insight Blog: If it’s good enough for Uefa . . .
When I took on this role as editor of what was then just an idea Post, the long running UK insurance weekly, had that its readers might be interested in Europe, I had little inkling of what was to follow.
Gibraltar GWP tops Lloyd's in motor insurance underwriting
Gibraltar is outperforming Lloyd’s of London in the motor insurance market, according to a report by Ernst & Young, and Admiral is leading the charge.
Fitch affirms German mutual Gothaer's 'A' rating
Fitch Ratings has affirmed Gothaer Allgemeine Versicherung AG's and Gothaer Lebensversicherung AG's insurer financial strength ratings at 'A' and long-term issuer default ratings at 'A-'.
Munich Re in solar energy deal in Spain and Italy
Munich Re and investment firm Kohlberg Kravis Roberts & Co have partnered to acquire a 49% equity stake in Grupo T-Solar, the largest European solar photovoltaic power generator.
Gibraltar GWP tops Lloyd's in motor insurance underwriting
Gibraltar is outperforming Lloyd’s of London in the motor insurance market, according to a report by Ernst & Young, and Admiral is leading the charge.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
Fitch affirms German mutual Gothaer's 'A' rating
Fitch Ratings has affirmed Gothaer Allgemeine Versicherung AG's and Gothaer Lebensversicherung AG's insurer financial strength ratings at 'A' and long-term issuer default ratings at 'A-'.
Munich Re in solar energy deal in Spain and Italy
Munich Re and investment firm Kohlberg Kravis Roberts & Co have partnered to acquire a 49% equity stake in Grupo T-Solar, the largest European solar photovoltaic power generator.
View from the Top: The role of reinsurance in disaster risk management
Reinsurers are gaining recognition in the light of disasters for the role they are playing in helping insurers, governments and society as a whole to deal with today’s risk landscape.
Länsförsäkringar selects model partner
Swedish insurer Länsförsäkringar has selected Barrie & Hibbert’s economic scenario generator to be used within its Solvency II internal model.
Länsförsäkringar selects model partner
Swedish insurer Länsförsäkringar has selected Barrie & Hibbert’s economic scenario generator to be used within its Solvency II internal model.
AM Best affirms ratings of German insurer SOVAG
AM Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of 'bbb' of SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG. The outlook for both ratings remains stable.
Allianz recruit strengthens XL property business
XL Insurance has appointed Ralf Brunner property underwriting manager for Germany and Switzerland, based in Munich.