Europe
RSA chairman rounds on "anti-British" Obama for BP attack
The chairman of RSA John Napier has labelled Barack Obama anti-British for his attack on BP.
Lloyd's insurer Brit admits private equity approach
Brit Insurance has confirmed that it recently received an unsolicited indicative proposal from a private equity group regarding a potential cash offer for the group.
Ferma names new vice presidents
The Federation of European Risk Management Associations has elected DLA Piper chief risk officer Julia Graham and Pirelli Group risk managing director Jorge Luzzi as vice presidents.
Guy Carpenter appoints global chief operating officer
Guy Carpenter has named Liz Flynn as global chief operating officer. Ms Flynn will be based in New York and will report to Peter Zaffino, Guy Carpenter’s president and CEO.
ABI chair calls on government to put words into action over tax reform
The outgoing chairman of the Association of British Insurers Archie Kane, has launched an attack on European law makers for not differentiating between insurance and other financial services.
PE house buys 30% stake in Lloyd's broker
NCG Professional Risks, the London based Lloyd’s insurance and reinsurance broker, has today announced that it will receive a £1.4m investment to accelerate its expansion strategy.
RSA SME boss to move to Travelers
Ken Norgrove, director of SME business and chief executive of group renewable energy at RSA, is to return to Ireland to take a role at Travelers.
Italian insurer claims number one direct spot
Genertel, the Generali Group direct non-life insurance provider, has claimed market leadership in the Italian direct channel (online and telephone) with a share of 24.6% in 2009.
Catlin raids Swiss Re for treasurer
Catlin Group has appointed Andreas Weber as group Treasurer, based in Zurich, Switzerland.
Miller bolsters Assurex relations with HSBC hire
Miller has appointed Nick Drury, a specialist in the placement of corporate multinational accounts.
World Cup 2010 "most injury exposed ever" claims Beazley
A steady and significant increase in the workload of world class football players in recent years is likely to increase the injury rate at this year’s World Cup, making the 2010 tournament “the most injury exposed in history.”
Munich Re CEO warns over risk pricing after years of low losses
The long-term trend towards ever higher natural catastrophe costs continues, according to Munich Re, which has warned of complacency over risk pricing.
Lloyd's estimates World Cup insurance coverage at £6.2bn
The football World Cup will be insured to the tune of an estimated £6.2bn when it kicks off on Friday, according to Lloyd’s.
Zurich in Asia-Pacific swoop
Zurich has signed an agreement to acquire 80% of PT Mayapada Life, a Indonesian life insurer focused on the distribution of group and individual life and health plans.
German giant linked with Quinn bid
German insurance giant Talanx has become the latest name linked with a bid for Quinn Insurance.
Captive insurers urged to participate in Solvency II
The Federation of European Risk Management Associations and the European Captive Insurance and Reinsurance Owners’ Association has urged captive insurers to participate in Solvency II.
Brokers Griffith & Armour and Miller seal international tie up
Assurex Global, the international network of independent insurance brokers, has added three new brokers to its international partnership ranks: Griffiths & Armour and Miller Insurance Services, both of the United Kingdom, and Associated Insurance…
Macquarie named as adviser for Quinn Insurance sale
The High Court has granted Quinn Insurance's administrators permission to appoint Macquarie Capital Europe to advise on the prospective sale of the group.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
CNA Europe names new underwriting bosses
CNA Europe has appointed Paul Dowling and John Taylor to the newly created roles of chief underwriting offer of commercial lines and specialty lines respectively.
Hiscox: German SMEs have better insurance understanding than Brits
Less than one in three (30%) small to medium sized businesses in Europe believe they are insured in the event that a professional mistake leads to them being sued.
Torus launches professional lines cover in Europe
Speciality insurer Torus has launched a new professional lines offering in France and Germany.
Generali named as suitor for AIA
Generali may be interested in buying the AIG Asian unit, according to Italian newspaper reports.
S&P revises Aviva outlook
Standard & Poor's Ratings Services has revised its outlook on Aviva Insurance (Europe) to developing from negative.