Europe
CNA brings business under one roof
CNA Insurance Company has moved its European headquarters and London market operations to the London Underwriting Centre at Minster Court.
Munich Re most protected from earning volatility claims Fitch
The recent capital markets crisis has created considerable challenges for European reinsurers seeking to minimise the volatility seen in their financial results over the past few years, according to Fitch Ratings.
Casualty manager joins Liberty's Germany operation
Liberty International Underwriters in Europe has appointed Michael Weesbach as casualty manager for its operations in Germany.
Quinn job cuts look set to be minimised by large voluntary take up
The administrator of Quinn Insurance has received 700 applications for voluntary redundancy according to weekend reports.
Quinn administrator denies conflict of interest over debtor
Quinn Insurance administrator Michael McAteer denied there was a conflict of interest in his involvement with another firm that owed Quinn millions.
Finnish insurer latest to be linked with Quinn bid
Anglo Irish Bank is in talks with Finnish insurance group Sampo, about a takeover of troubled Quinn Insurance.
Former EU ambassador chosen to lead new Irish financial services push
Ireland’s international financial services industry, in a private sector initiative, has announced its intention to create the role of chairman of IFSC Ireland.
Insurer issues warning over GI premium growth
Danish insurer Topdanmark has recorded a post-tax profit increase of DKK 268m in Q1 2010 from DKK 35m in Q1 2009.
Danish insurer slips into the red in Q1
Danish insurer Trygvesta has reported a loss of DKK -354m (2009 Q1: DKK 437m) in the first quarter of 2010.
Brit Insurance names new Netherlands chief
Brit Insurance has appointed Ferdinand Voskens general manager for its Netherlands head office.
Lloyd's insurer welcomes China licence move
Lloyd’s being granted a direct insurance licence in China will give “a significant boost” to Sportscover’s business from China, according to its managing director, Peter Nash.
US insurance giant admits Quinn interest
US insurance giant Liberty Mutual has contacted the administrators of Quinn Insurance to express an interest in taking over the company.
Munich Re issues $80m cat bond
Munich Re has obtained cover for US hurricane and European windstorm risks amounting to $80m from Irish SPV EOS Wind, which placed a catastrophe bond in the market.
Allianz GI launches new dedicated European platform
Allianz Global Investors has created a dedicated European investment platform under the name of Allianz Global Investors Investments Europe.
Allianz acquires French windfarm
Allianz has acquired the Langres Sud wind farm from project developer, constructor and operator EOLE-RES SA.
QBE raids Allianz for new broker manager
QBE has appointed Judy Holt to the newly created role of manager, broker development, to support the continued expansion of QBE’s offering in the UK and Ireland.
Quinn's CEO quits
Colin Morgan, chief executive office of Quinn Insurance, has decided to leave the company to pursue other opportunities.
Miller poised to join international broking network
Assurex Global is poised to appoint Miller as one of two new UK partners, after a long search to replace HSBC Insurance Brokers.
Lancashire Holdings upgraded by S&P
Standard & Poor's has assigned an "A-" counter-party rating and financial strength rating on Lancashire Holdings subsidiaries Lancashire Insurance Company and Lancashire Insurance Company (UK) Limited.
Lloyd's China granted licence to write direct insurance
Lloyd’s China has been granted a licence by the China Insurance Regulatory Commission to write direct insurance in addition to their existing reinsurance licence.
E&Y warning over emerging markets
Emerging markets continue to offer growth but insurers need to keep this in perspective according to a panel at Ernst and Young's global insurance conference in Paris.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Risk presentation key, claims international broker survey
According to new research commissioned by Bowring Marsh, the quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.