Europe
European document governance and compliance
Compliance around key insurance documents can be a governance nightmare leading to reputational damage and regulatory penalties for European insurers operating across multiple territories and languages. However, Mike Davies explains how applying best…
RSA snubbed in £5bn move for Aviva GI business claims report
RSA has made a £5bn approach to acquire Aviva's UK and selected international general insurance businesses, according to reports.
Allianz sees Eastern European GI profits fall 54% in H1
Allianz in Central and Eastern Europe today reported total premiums increased by 5 percent to €2bn, from €1.9bn in the first half of 2009.
L&E enters solicitors' PI market
Property specialist London & European is to offer professional indemnity insurance for solicitors.
Fitch: "immature" Russian insurance sector impacted by weak capital adequcy
Russian insurers' ratings will continue to be constrained by the poor reserving and pricing risks that became apparent in 2009, as well as by the challenges of the current operating environment.
Brit raids Zurich for new finance chief Scott Egan
Scott Egan is to take over as Brit Insurance's group chief financial officer.
Hannover Re appoints new board member
Hannover Re has appointed Dr Klaus Miller as a full member of the executive board with effect from 1 September 2010.
Sampo profit rises to Euro 621m in first half of 2010
Scandanavian insurance group Sampo's profit before tax for the first six months of 2010 rose to Euro 621m (H1 2009: Euros 433m).
Admiral to move to new 3000 capacity headquarters in Cardiff
The Admiral Group has announced plans to move into a new headquarters in Cardiff city centre.
Allianz to target Bric countries after extending 60 year old VW deal
Volkswagen Financial Services and Allianz Global Automotive have today signed a letter of intent, agreeing to strategically expand their 60 year-old successful partnership and to continue it in the long term.
Nordlin appointed chief information technology officer for Zurich
Zurich Financial Services Group has appointed Markus Nordlin to the position of chief information technology officer and member of the group management board.
Hannover Re profits hit by major losses in H1 2010 results
Hannover Re has reported that it booked gross written premium totalling €5.7bn as at 30 June 2010, an increase of 8.2% relative to the corresponding period of the previous year.
BIS countdown - Douglas Williams: Speaking economically
With a track record in successfully predicting the economy, Douglas McWilliams gives Jonathan Swift his current forecast.
Axa boss joins Zurich UK operation
Zurich’s UK general insurance division has appointed Peter Clark as head of property and strategy exposure management, commercial lines.
QBE restructures exec to better reflect growth
As a result of its continued expansion, QBE has decided to restructure into three main operating divisions – Europe, the Americas and Australia Asia Pacific.
Russian Rossiya receives negative rating
Fitch Ratings has revised the rating watch on OJSC Rossiya Insurance's international financial strength rating 'B-' and national IFS rating 'BB-(rus)' to negative.
Markel International profits hit by major losses in H1 2010
Markel International reported gross written premiums of $395.3m for the six months to 30 June 2010, compared to $358.1m for the first half of 2009.
EMEA insurance buyers reap benefits from increased competition
Insurance buyers across Europe, the Middle East and Africa are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a new report.
Fitch assigns German Provinzial Nordwest Group A+ rating
Fitch Ratings has assigned German property and casualty insurer Westfaelische Provinzial Versicherung AG and the life insurer Provinzial Nordwest Lebensversicherung AG insurer financial strength ratings of 'A+' with stable outlooks.
Exclusive sustainability content now available
In our latest View from the Top article David Batchelor challenges European insurers to take sustainability seriously.
Groupama UK profits up 30% to £13.7m for H1 2010
Groupama's combined UK operations have recorded a pre-tax profit of £13.7m for the first six months of 2010 (H1 2009: £10.5m).
View from the top – The right sustainability
Regulatory change, consumer choice and corporate responsibility are all driving business attitudes towards improved environmental performance, with smart sustainability strategies increasingly being seen as ‘sensible’ business practice.
Dual links up with Odyssey Re for German D&O push
Dual Deutschland, the German cologne based MGA and part of The Dual Group, has secured new capacity from British insurer Newline Insurance Company, part of reinsurer Odyssey Re Group, to underwrite D&O for large financial institutions in Germany.
Groupama sees uplift in French private motor in H1 2010
Groupama has recorded premium income Premium income of €8.6bn Euros (up 4.4% on a like-for-like consolidation and exchange rate basis) in the first half of 2010.