Europe
Ruling leaves availability of cover to a "matter of chance"
Barlow Lyde & Gilbert has warned that the Appeal Court decision regarding employers’ liability trigger litigation makes it a “matter of chance” for policyholders as to whether cover will be available for mesothelioma claims.
Court deliberates over next step in EL trigger llitigation case
The Court of Appeal is deliberating this morning over whether parties involved in the employers’ liability trigger litigation case will be granted leave for further appeal to the Supreme Court, Post understands.
Appeal Court overturns EL trigger litigation ruling
The Court of Appeal has overturned a 2008 High Court decision that found the insurers who should pay claims for the fatal asbestos illness, mesothelioma are those that provided cover to the employer at the time of the asbestos exposure.
CEA warns of European tax proposals "moral hazard"
The European insurance federation CEA has accused the European Commission of failing to differentiate between different types of financial institutions in its plans for taxation of the financial sector.
EC sets out plan to raise billions through financial sector tax
The European Commission has set out its ideas for the future taxation of the financial sector.
SII to drive M&A in run-off sector
KPMG’s annual run-off survey of UK non-life insurance, has shown that liabilities have shrunk by 21%.
Amlin gets greenlight for Swiss redomicile
Amlin has today completed the change in the corporate domicile of its wholly-owned subsidiary Amlin Bermuda from Bermuda to Switzerland.
CEO Maso out, as Axa shakes up UK general insurance arm
Axa UK today announced changes to the organisational structure of its general insurance business in a move that will see it no longer needing a CEO of the general insurance business.
German government gives local insurers a tax break
The German insurance trade association GDV has welcomed a move by the government to tweak its new tax regime.
Mondial calls on travel insurance industry to back anti-fraud efforts
Mondial Assistance is calling for fellow travel insurers to get behind efforts to tackle fraud as it reports its own successes in the past few months.
Zurich settles $455m US class action
Zurich Financial Services Group has announced today that it and its wholly-owned subsidiary, Farmers Group, has agreed in principle to a proposed comprehensive settlement in the matter of Fogel vs. Farmers Group, a purported nationwide class action…
LMA warns of over-regulation of Lloyd's
The Lloyd’s Market Association has warned the proposed regulatory system for the UK is being created around the banks which will make it over-engineered, unsuitable and unjustifiably costly for the general insurance industry.
Finnish insurance giant signs claims deal
Finnish insurance group OP-Pohjola Group has today announced that its subsidiary, Pohjola Insurance has selected Guidewire Claim Center as its new claims management system.
Post in print - 7 October 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.
Aon issues ELD warning following Hungary leak
Aon Risk Solutions has warned companies to take the Environmental Liability Directive seriously following a toxic sludge leak in Hungary.
Willis launches Maltese captive
Willis Group has set up its own managed captive insurance facility in Malta.
JLT arm adds to casualty team
JLT’s subsidiary Lloyd & Partners has appointed Paul Palmer as a partner within its international casualty team.
Fitch revises Generali's outlook from negative to stable
Fitch Ratings has revised its outlooks on the Italian insurance company Assicurazioni Generali Spa's and its core subsidiaries' insurer financial strength ratings and long-term issuer default ratings from negative to stable.
Global environmental damage estimated to cost $28trn by 2050
Global environmental damage caused by human activity in 2008 represented a monetary value of $6.6trn, equivalent to 11% of global gross domestic product, a study reveals.
Liberty Syndicates enters agricultural and weather reinsurance
Liberty Syndicates Management is entering the agricultural and weather reinsurance market through the hiring of a team of specialist underwriters.
Nordic insurer joins Climate Wise
Nordic property and casualty insurer If has joined Climate Wise giving a boost to the international insurance response to climate change.
Aviva launches first global brand campaign
Aviva has launched its first global brand campaign that aims to demonstrate its commitment to putting customers at the heart of its business.
Liiba selects worldwide insurance tax calculation tool for brokers
The London and International Insurance Brokers’ Association is teaming up with a leading service company to help its members calculate tax payable on insurance policies around the world on a territory-by-territory basis.
Fortis outlines Ageas rebranding plan for UK businesses
Fortis Insurance UK today begins changing its name to Ageas in the UK.