Europe
WCM appoints independent non-executive
Lloyd’s managing agent, Whittington Capital Management, has appointed Jim Ramage as an independent non-executive director.
Hannover Re to "benefit" from Solvency II
Property and casualty reinsurance market pricing continues to soften according to Hannover Re, but prices and conditions are for the most part still acceptable.
AIR updates European cyclone model
Catastrophe risk modelling firm AIR Worldwide has released an update to its extra tropical cyclone model for Europe.
An overview of the Bulgarian general insurance market
Motor insurance is the engine that pulls forward the insurance business in Bulgaria but, as Kalin Dimitrov reports, there is huge potential for the market to develop in many other areas.
Quinn defends underwriting loss
Draft unaudited accounts show Quinn Insurance underwriting losses of €127m on in 2009 and a write-down of certain assets of €677m.
“Uncontrolled growth” threatening Baltic Sea, RSA warns
RSA has warned of the dangers of exploitation and poor management, as competition for space and resources in the Baltic Sea increases.
Crawford marks training successes
Crawford & Company's bespoke MBA training programme for future business leaders has produced its first 15 graduates.
Quinn Insurance losses hit €788m
Quinn Insurance has reported that it made a loss of €788.4m for the last year.
Exclusive Bulgarian insurance review now available
In our latest article the manager of Insurance.bg Kalin Dimitrov takes an in-depth look at the Bulgarian general insurance market.
Swiss Re evolves Cargo Cat Sim tool into marine
Swiss Re is to develop its Cargo Cat Sim tool for use across its marine book of business.
Irish regulator fines insurance firms
The Financial Regulator has fined two Dublin-based insurance businesses €26 600 in relation to a breach of regulatory requirements.
Trade credit rates fall as capacity grows
New insurance capacity, increased insurer competition and improved risk management have led to positive developments for buyers of trade credit insurance across most of Europe, according to Marsh.
Fitch assigns German DEVK Insurance Group 'A+' rating
Fitch Ratings has assigned the mutual Germany-based DEVK insurance group's seven main entities insurer financial strength ratings of 'A+' with stable outlooks.
BIS countdown - outsourcing innovation: Major makeover
As growth demands surpass in-house capabilities, Jeremy Owenson looks at how modern day outsourcing can more easily produce mutually beneficial solutions.
Council of the European Union endorse agreement
The Council endorsed an agreement with the European Parliament on a reform of the EU framework for financial supervision.
Novae expands reinsurance operation
Switzerland-based Novae Re is to add credit & surety reinsurance to its underwriting capabilities.
Football clubs urged to take cover
European football clubs' representantive body has called for national teams to ensure they have an insurance policy in place to address the costs arising from players'injuries.
Reinsurance price war predicted
The credit outlook on the reinsurance industry remains negative, according to Moody’s.
Scor presents its strategic plan for 2010-2013
Scor’s board of directors has approved, acting on the proposal of the management team, its new strategic plan covering the period 2010-2013,“Strong Momentum."
Ex-Gallagher CIO joins XL
XL Insurance has appointed Terry McGinness as chief information officer for its international property & casualty as well as global specialty business units, based in London.
Former AIG boss Sullivan joins Willis
Former AIG chief executive Martin Sullivan has been appointed deputy chairman of Willis Group Holdings and chairman and CEO of a new business unit, Willis Global Solutions.
City law firm launches free online regulatory service
CMS Cameron McKenna has launched RegZone – a free-to-view service for anyone interested in the way financial institutions are regulated.
Hannover Re issues hybrid bond
Hannover Re has today successfully placed a €500m subordinated bond on the European capital market via its subsidiary Hannover Finance (Luxembourg).
Canopius announces promotions
Canopius has announced two promotions in its treaty reinsurance division.