Europe
Ceiops is dead, long live Eiopa!
Existing committees of EU supervisors for the European insurance sector are being transformed from 1 January 2011 into supervisory authorities with firm powers. Vic Wyman assesses what the impact of this regulatory change will be.
View from the Top: Environmental insurance comes of age
Environmental insurance, once labeled as difficult to obtain, data intensive and expensive, has come of age. With a 15-year history in the UK and Europe, and 30 in the US, the environmental market has developed and has the strength and maturity to…
MYI wins marine terminal contract
Loss adjuster MYI has been appointed as nominated claims handler for DP World.
Aviva raids Allianz and GE Capital to bolster exec
Aviva has unveiled Helen Heslop as chief financial officer and Patrick Dixneuf as chief operations officer for Aviva Europe with effect from 1 January 2011.
Haslip returns to Aon Benfield risk strategy team
Aon Benfield has appointed Gareth Haslip as head of the risk and capital strategy team for the UK & Europe, the Middle East and Africa.
Scor heralds "strong technical result" in third quarter 2010
Scor has recorded net income of Euro 111m, up 18.2% compared to the third quarter 2009 (Euro 94m).
Swiss Re almost doubles Q3 profit and terminates Berkshire Hathaway loan
Swiss Re reported third-quarter net income of $618m, compared to $314m in the prior-year period.
Zurich reports 22% decrease in GI profit in 2010 Q3 results
Zurich this morning reported a business operating profit within general insurance of £2bn, a reduction of 22%.
RSA expects year end UK NWP to be up 10% after Q3 results
RSA this morning reported net written premiums for the nine months to 30 September 2010 of £5.531bn, an increase of 10% (7% at constant exchange) compared with the same period in 2009.
Amlin Corporate Insurance rating upgraded by Fitch
Fitch Ratings has upgraded Amlin Corporate Insurance Insurer Financial Strength (IFS) rating to 'A' from 'A-'. The Outlook is Positive.
FSA delays Remuneration Code publication
The Financial Services Authority has delayed the publication of its final rules on the Remuneration Code until December.
Aviva raids Zurich for new CIO
Aviva has appointed François Xavier Quilici as chief information technology officer for Aviva France, as well as core IT applications director for Aviva Europe.
Post in print - 4 November 2010
Reporter Amy Ellis outlines the main news from this week's issue of Post.
LMA hails Lloyd's success
The chairman of the Lloyd’s Market Association Barnabas Hurst-Bannister has told the Association of Lloyd’s Brokers in Chicago that the Lloyd’s market is now “ahead” of its competitors when it comes to its approach to process modernisation.
Am Best revises Hannover Re rating
AM Best Europe has revised the outlook to positive from stable for the ratings of Hannover Re and its related debt issues and rated subsidiaries.
XL CEO announces $1bn share buyback as it reports Q3 figures
XL has reported its property and casualty operations recorded a combined ratio of 94.9% in the third quarter of 2010, bolstered by reserve releases.
Antur purchases Welsh broker
Welsh broker Antur Insurance has acquired Barry-based broker DW Burrrows after forming an associate partnership with the intermediary last year.
Marsh adds Willis director to international division
Cath Whitaker has been appointed to a new senior market relationship role at Marsh, joining from rival Willis, where she was acting managing director of its strategic carrier relationships.
Aviva Q3 UK GI premiums exceed £1bn as its tops 1m direct motor customers
Aviva this morning said that general insurance net written premiums were up 12% at £1.05bn when compared to the same quarter last year (3Q09: £937m).
Aviva CEO Andrew Moss defends composite model - again
The chief executive of Aviva has again reiterated its support for its composite model approach as the insurer published its nine month results.
Coface extends Irish team with two appointments
Coface UK & Ireland has appointed Roslyn Keogh as commercial manager and Ellen Malone as account executive.
Mapfre swoops for Insure & Go
Travel insurance specialist intermediary Insure & Go has been acquired by its underwriter Mapfre.
Chubb appoints claims chief
Chubb has named Lynn George as its new European claims manager.
Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.