Europe
Mapfre Q1 profits climb 13.5%
Spanish insurer Mapfre has posted post-tax profits of €310.1m (£279.2m) for the first quarter of 2011 – a 13.5% increase on the figure for 2010.
Allianz: Q1 2011 profit to be close to Q1 2010 despite nat cat hit
Based on preliminary figures, Allianz achieved total revenues of nearly Euros 30bn in the first quarter of 2011, compared to Euros 30.6bn in the first quarter of 2010.
Allianz UK business confirms 2012 rebranding deadline
Mondial Assistance in the UK is to become Allianz Global Assistance by the end of 2012, it announced today.
Mapfre Q1 profits climb 13.5%
Spanish insurer Mapfre has posted post-tax profits of €310.1m (£279.2m) for the first quarter of 2011 – a 13.5% increase on the figure for 2010.
Allianz: Q1 2011 profit to be close to Q1 2010 despite nat cat hit
Based on preliminary figures, Allianz achieved total revenues of nearly Euros 30bn in the first quarter of 2011, compared to Euros 30.6bn in the first quarter of 2010.
XL reveals Q1 $163m net loss
XL Group has blamed its net loss of $227.3m in the first quarter of the year on the high level of natural catastrophe-related claims in its property & casualty book.
Irish brokers wary of Quinn business model after takeover - Insurance News Now – 5 May 2011
Post reporter Amy Ellis outlines this week's major general insurance stories including the uncertainty over the business model of the former Quinn Insurance following its takeover by Liberty Mutual and Anglo Irish Bank.
XL reveals Q1 $163m net loss
XL Group has blamed its net loss of $227.3m in the first quarter of the year on the high level of natural catastrophe-related claims in its property & casualty book.
Irish brokers wary of Quinn business model after takeover - Insurance News Now – 5 May 2011
Post reporter Amy Ellis outlines this week's major general insurance stories including the uncertainty over the business model of the former Quinn Insurance following its takeover by Liberty Mutual and Anglo Irish Bank.
Generali shareholders approve 2010 statements and €0.45 dividend
The shareholders of Assicurazioni Generali SpA have approved the 2010 financial statements and the distribution to shareholders of a per-share dividend of €0.45 (+28.6% relative to 2009).
KPMG warns over "hindsight" penalties in the wake of Solvency II delay fears
Omnibus 2 is a significant milestone for Solvency II and delays to its finalisation are having an unwanted impact on the Solvency II timeline, increasing fears that neither insurers nor regulators may be fully prepared for implementation on 1 January…
Hannover posts profit despite 123.8% non-life COR
Hannover Re has reported an operating profit of Euro 46.1m (Q1 2010 Euro 238.8m) for the first three months of 2011.
Indonesia signs tax agreement with Guernsey
Guernsey has signed a bilateral Tax Information Exchange Agreement with Indonesia.
QBE appoints German country manager
Markus Posberg has today been appointed country manager for QBE's German branch.
Generali shareholders approve 2010 statements and €0.45 dividend
The shareholders of Assicurazioni Generali SpA have approved the 2010 financial statements and the distribution to shareholders of a per-share dividend of €0.45 (+28.6% relative to 2009).
KPMG warns over "hindsight" penalties in the wake of Solvency II delay fears
Omnibus 2 is a significant milestone for Solvency II and delays to its finalisation are having an unwanted impact on the Solvency II timeline, increasing fears that neither insurers nor regulators may be fully prepared for implementation on 1 January…
Hannover posts profit despite 123.8% non-life COR
Hannover Re has reported an operating profit of Euro 46.1m (Q1 2010 Euro 238.8m) for the first three months of 2011.
Indonesia signs tax agreement with Guernsey
Guernsey has signed a bilateral Tax Information Exchange Agreement with Indonesia.
QBE appoints German country manager
Markus Posberg has today been appointed country manager for QBE's German branch.
Mapfre buys Munich Re Middlesea stake
Spanish insurer Mapfre has purchased Munich Re’s 19.9% shareholding in Maltese firm Middlesea Insurance.
Mapfre buys Munich Re Middlesea stake
Spanish insurer Mapfre has purchased Munich Re’s 19.9% shareholding in Maltese firm Middlesea Insurance.
Post Blog: Quinn, Towergate, an acorn of a deal and the Sex Pistols. The week in insurance
With many in the insurance market taking advantage of the double bank holiday whammy you would think that this week would be a good time to bury bad news.
Exclusive credit insurance and environmental content now available on Post Europe
Post Europe’s weekly update is now live with an article on how the financial crisis is affecting the credit insurance market and a View from The Top on how environmental insurance is helping sustainability.
Post Europe: View from the Top - Sustainability, environmental insurance and protection
Sustainability is the capacity to endure, meeting today’s needs without compromising the future.