Europe
Ageas' Andy Watson on pushing for a realistic Brexit plan
Insurers need to keep pushing their priorities now for an effective Brexit plan, writes Andy Watson, CEO of Ageas UK, urging the industry to work with the government to achieve a realistic negotiating strategy.
2018 H1 insured disaster losses below average at $20bn
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were $20bn, 33% below the ten-year average of $35bn, according to Swiss Re Institute's preliminary sigma report.
XL Catlin's Nicola Harris on why insurers need to change their approach to the energy sector
Challenging times for the oil and gas industry call for a change in the way insurers address energy risks, writes Nicola Harris, head of energy for Europe, Middle East and Africa at XL Catlin.
FSCS arranges alternative cover for Alpha policyholders
UK policyholders with failed Danish insurer Alpha have been provided alternative cover via the guarantee scheme.
AIG appoints new Europe CEO
Aspen Re’s CEO Thomas Lillelund has been appointed CEO of AIG Europe SA, subject to regulatory approval.
Analysis: Military recruitment: A call to arms
As insurance tries to attract talent and adapt to emerging risks, the London market is increasingly turning towards the military for new recruits
Weather losses send RSA profits down 15% at H1
RSA posted a 15% drop in group operating profit for the first six months of the year as British and Canadian weather losses dent the insurers’ results.
CNA Hardy's Dave Brosnan: "The bottom line is: diversity matters"
Dave Brosnan, CEO of CNA Hardy, explains why diversity is a business issue.
Hiscox Retail helps drive 27% boost in group profit at H1
Hiscox saw pre-tax profit climb 27% to $164m (£125m) in the first half of 2018, with the insurer’s retail arm contributing more than half of that figure.
Analysis: From Brussels with love - a fraud case study
Missing cars, cross-border investigations, stolen identities and organised crime. Not your average case...
Q&A: Malcolm Hyde, CILA and FUEDI
After working with the European Federation of Loss Adjusting Experts for a number of years, Malcolm Hyde has taken on board the role as president.
JLT makes plan for a no-deal Brexit scenario
JLT has said that carrying more bolt-on acquisition in the European Union is ‘entirely possible’ and that it is executing business operations in preparation for a no deal Brexit scenario.
Power to the pedals
Cycle insurers have mixed feelings about the European proposal to mandate insurance for electric bikes.
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.