Europe
Brit agrees cash offer with bidders
Brit Insurance has reached agreement with Apollo Management and CVC Capital Partners that will see the insurer’s shareholders receive up to £11 per Brit share.
AIG CEO Benmosche says he "feels fine" after chemotherapy
AIG has announced that its president and chief executive officer, Robert H. Benmosche, has been diagnosed with cancer and is undergoing aggressive chemotherapy.
Hannover Re subsidiary anticipates stable prices in Germany
E+S Rück, which bears responsibility for German business within the Hannover Re Group, is predicting a stable environment in Germany in 2011.
Torus boosts Swiss professional lines team
Torus has appointed Michael Kuprianczyk as a professional lines senior underwriter based in Zurich.
Domicile: does it really matter for (re)insurance buyers?
Reinsurance buyers increasingly view reinsurers as global entities able to move capital easily between business units rather than as geographically discrete counterparties, insisted Chris Klein, director of reinsurance market management at Guy Carpenter.
Munich Re: renewable energy premium volumes set for 240% growth
In line with political targets, the share of renewable energies in power generation in Germany is expected to increase from a current 10% to 60% by the middle of the century.
Cooper Gay unveils re-brand
Specialist marine insurance broker, Junge & Co, has rebranded its reinsurance broking operations as ‘Cooper Gay Germany’.
Apollo sets sights on international treaty with Braddock hire
James Braddock is to join Apollo Syndicate 1969 in December as an underwriter specialising in international property treaty business.
Quinn administration fees approved
Further fees have been agreed for the joint administrators, Grant Thornton in charge of Quinn Insurance, according to the Irish Times.
Finnish insurance giant moves into healthcare
Finnish Insurance giant Pohjola Insurance is set to move into the healthcare market for the first time.
Exclusive content now available
Insurance Insight’s weekly update is now live with a look at cross-boarder technology, as well as a View from the Top opinion on how governments should support insurers efforts to deal with natural perils.
View from the Top: Getting wet feet is not enough
The events of summer 2010 made all too evident the dramatic consequences that global warming can have: the heat wave in Russia and the monsoon rains in Pakistan are extreme events that take place only very rarely.
Behind the technical curve
Despite each European country’s insurance market displaying unique characteristics the technology challenges remain consistent, Mike Davies, therefore, believes insurers should embrace an all encompassing platform to meet their needs as the banking…
Willis restructures European reinsurance business
Willis Re has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is establishing a new specialty casualty practice group.
Zurich unveils Manley as Court's successor as European CEO
Zurich has today unveiled a series of key appointments within its General Insurance segment.
Quinn bidders getting cold feet over claims according to reports
Several of the bidders for Quinn Insurance have expressed fears over outstanding claims, according to reports this morning.
Post in print - 21 October 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post.
PwC urges insurers to seek SII competitive edge
PricewaterhouseCoopers has called on insurers to take advantage of any competitive advantages which may be created by the Solvency II directive.
Former Zurich GI CEO Amore announces his retirement
Zurich Financial Services has announced that after 18 years of service to Zurich, John Amore will be retiring effective 31 December.
Warren Buffett plans to buy more Munich Re shares as he passes 10% threshold
Munich Re has today confirmed that Warren Buffett, and his various assets, now have 10% of voting rights in the company.
IUA warns of "dearth" of regulators
A lack of qualified staff could undermine government plans to reform UK financial regulation, the International Underwriting Association has warned.
UK insurers warned about new 20% EU tax hit on outsourcing
The UK insurance industry has today been warned it is set for increased costs on outsourcing as other EU countries force through the removal of the VAT exemption on outsourced claims handling.
XL Insurance appoints liability underwriter for Ireland
XL Insurance, the global insurance operations of XL Group, has appointed Brendan Carberry as liability underwriter in Dublin.
Willis strengthens group mining practice
The broker has drawn together US, UK and international mining experts to serve global clients.