Europe
Ageas: No ‘indication of concrete interest’ from Fosun on takeover bid
Ageas Group claims to have had “no indication of concrete interest” of a takeover bid from Fosun, despite reports that the Chinese multinational is eyeing the insurer.
Chubb makes headway with post-Brexit preparations
As part of their Brexit preparations, Chubb European Group and ACE Europe Life have both converted to Societas Europaea.
Former Lloyd's chairman calls for second referendum on Brexit
Former chairman of Lloyd’s John Nelson has called for a second referendum on Brexit, urging UK business to galvanise the public to understand “the true realities” of what the UK is facing.
CBL-owned broker files for liquidation
French construction broker SFS Europe, which is majority owned by CBL, has placed itself into voluntary liquidation.
Paris attacks victims receive €75m
The French compensation fund has so far paid out more than €75m (£67m) to over 2600 victims and relatives of casualties of the November 2015 Paris terror attacks.
FCA prepares for no deal Brexit
The Financial Conduct Authority has said that it is planning for a no deal Brexit and is hoping for a transition deal through late 2020.
This week in Post: World Cup, Wimbledon, and Westminster
With the World Cup firmly in French hands and Novak Djokovic and Angelique Kerber crowned Wimbledon champions, it’s back to work for the insurance industry with all eyes turning to Westminster.
Markel receives green light on German subsidiary
Markel has been granted a license by BaFin, the German federal financial supervisory authority, to establish an insurance company in Germany.
Blog: Why you should model your flood losses on a European scale
The anatomy of European flooding means insurers and reinsurers should model their potential losses across several countries, explains Dr Maurizio Savina, director at RMS.
IoT provider eyes up global expansion following €100m funding
Pan-European growth investor Palamon Capital Partners has acquired a majority stake in connected insurance provider Fair Connect.
AIG's Mark Camillo on how GDPR is driving the European cyber market
GDPR is driving a surge in the European cyber insurance market, explains Mark Camillo, head of cyber for Europe, Middle East and Africa at AIG.
Victims of Nice terrorist truck attack receive €37m
Two years after the truck attack in Nice, southern France, the terror compensation fund has paid out €37m (£33m) to 2135 victims, who were either injured in the attack or are relatives of casualties.
Lloyd’s Brussels receives ‘A’ rating from AM Best
AM Best has assigned the Lloyd’s Brussels hub a Financial Strength Rating of ‘A’ (Excellent) and a Long-Term Issuer Credit Rating of ‘a+’.
The MGAA’s Peter Staddon on planning to thrive and not just survive
The future can be a perilous place, especially for the insurance sector, says Peter Staddon, managing director of the Managing General Agents’ Association. In an environment typified by tough market conditions, Brexit, and increasing waves of regulation,…
Brexit White Paper will transform industry into ‘rule taker’
The government’s blueprint for a future trading relationship with Europe would be the “worst possible scenario” for the insurance industry, trade bodies have warned.
PIB eyes Europe expansion
Broker consolidator PIB will look to grow in Europe, CEO Brendan McManus told a conference.
Zurich's Puneet Sharma: Calling time on credit markets
Credit has been underperforming equities and Puneet Sharma, managing director at Zurich, believes this warrants a rethink of portfolio positioning.
Axa reveals new brand for XL
XL will rebrand as Axa XL and combine all its property & casualty business and specialty risks into the new entity.
Q&A: Lynda Lucas, chair, Airmic
Lucas began her career as a company secretarial trainee at British Aerospace and has since had various risk management roles at companies including Nortel, Old Mutual and, since 2006, Fujitsu. She has been an Association of Insurance and Risk Managers…
Analysis: Sport injury: Hitting hard
As professional sportspeople complain about their insufficient cover for career-ending injuries, insurers fear a surge in claims from contact sports
LSM takes on Ironshore renewals to spur European growth
Liberty Specialty Markets has entered into a renewal rights agreement with Ironshore Europe to take on its European non-merger & acquisition business and staff.
Acord, Aon and Beazley team up on first data breach standard
Acord, the global standards-setting body for the insurance industry, has published the sectors first standard for a cyber data breach.
Sogaz and VTB merge to form Russian insurance giant
Sogaz has acquired VTB Insurance and the merger is creating Russia’s largest insurance company.
