Europe
Tokio Marine to restructure to expand reinsurance and commercial property book
Tokio Marine, the global insurance group, has announced plans to expand its international reinsurance and large commercial property operations. It is also announcing the opening of new offices for reinsurance business in Switzerland and Australia.
QBE to acquire Belgian reinsurer
QBE has signed a share purchase agreement to acquire Belgian-based specialist reinsurer Secura for €267m.
Argo signals international push
Argo International has recruited Tony Cabot to support its active international growth strategy.
Ace boosts environmental risk team
Ace International has appointed Perrine Kalina to the new role of engineering coordinator and assistant underwriter in its environmental risk team.
Groupama outlines IPO timefame
Groupama is expected to float on the stock market in 2011 or 2012, according to its chief executive Jean Azema.
Insurance Insight - Mergers and Acquisitions – due diligence
The tough economic climate has put many European mergers and acquisitions on hold but despite a thaw being seen on the horizon David Perla explains due diligence is more important than ever when joining two firms.
Exclusive online interview: Michaela Koller
With the European insurance industry facing a time of increasing regulation and instability, Post Europe recently spoke to the director general of the CEA, the European insurance and reinsurance federation, about lessons to be learnt from banking,…
Galvin joins Ceiop's board
The Committee of Insurance and Occupational Pensions Supervisors has appointed two new managing board members Bill Galvin (United Kingdom, The Pensions Regulator) and Damian Jaworski (Poland, KNF).
Loss adjuster opens Swiss office with new hire
Charles Taylor adjusting has expanded its capabilities in onshore energy and industrial property claims adjusting with the appointment of Eric Capewell who will head up its new office in Geneva, Switzerland.
Insurance Insight July
Insurance Insight’s July edition is now live.
Insurance Block Exemption Regulation
The insurance block exemption has in the past helped European insurers to avoid competition issues. However, as Jakki May explains a recent tightening of the rules means insurers must put their practices under scrutiny.
Focus on Greece
The European insurance market is facing a tough economic climate but none more so than the Greek market with its government’s financial debt crisis. Edward Murray reports on how the industry is coping.
Insurance Insight Interview: Michaela Koller
The European insurance industry is facing a time of increasing regulation and instability. Jonathan Swift talks to the director general of the CEA, the European insurance and reinsurance federation, about lessons to be learnt from banking, Solvency II,…
Torus seals deal to "accelerate" European expansion
Torus has today completed the acquisition of Glacier Insurance AG from the Glacier Group.
Ernst & Young names Baldwin new insurance boss
Andy Baldwin has been named managing partner of Ernst & Young’s Europe, Middle East, India and Africa Financial Services business.
Aon Benfield recommends internal models to boost reinsurance value under Solvency II
Aon Benfield has launched a new report that examines the many different facets of the Solvency II framework ahead of the scheduled 2012 inception of the protocol.
European risks not "significantly" increased claims Ceiops
Risks have shifted in the EU/EAA area, although the recent developments concerning sovereign risk in the Euro area means they have not significantly increased compared to 2009.
Swiss Re: global non-life premium dips 0.1% in 2009 to $1 735bn
According to Swiss Re’s latest “World insurance in 2009” sigma study, world insurance premium volume fell 1.1% on an inflation-adjusted basis.
Hiscox to cut Lloyd's capacity by £100m in 2011
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33. A full 2011 business forecast for Syndicate 33 will be submitted to Lloyd's by 9 July.
Lloyd's insurer Catlin to set up $1bn Swiss reinsurance arm
Catlin plans to form a reinsurance company in Switzerland to "significantly expand the European-based reinsurance business underwritten by the group," it said today.
Execs would not be surpised if Eurozone shrinks, report claims
Rising sovereign debt in the developed world is one of the main concerns for the world’s business leaders and financial executives, according to 440 senior executives who participated in a survey commissioned by RBC Capital Markets.
CNA expands technology underwriting team
CNA Europe has made two appointments to its European technology practice.
Aviva appoints new European CEO
Aviva has appointed Jiri Schneller as chief executive of Aviva Czech Republic.
Aon Benfield agrees Cologne University partnership
Insurance broker Aon Benfield has partnered with the University of Cologne to conduct advanced research into European windstorms.