Europe
US targets two insurers, banks, shipping and energy sector in new Iran sanctions
The US Treasury on Wednesday blacklisted more companies – putting them off limits to US businesses - including two insurers.
Solvency II to have far-reaching impact
Fitch Ratings has said that it expects Solvency II, the European Union's new insurance regulatory regime, to have far-reaching effects on insurers, with both positive and negative credit rating implications.
Former Lloyd's director Tolle joins Beazley
Rolf Tolle is to join the board of Beazley Furlonge, the Lloyd’s managing agency that forms part of Beazley, the company announced today. The appointment is subject to regulatory approval.
Marsh: more companies adopting sustainability strategies
As demand grows from consumers, investors and governments for businesses to become more sustainable, companies are beginning to change their strategy and planning.
"Softer" skills key for risk managers finds Ace survey
Risk managers who can demonstrate a mastery of the so-called ‘softer’ skills are increasingly one step ahead of their peers when it comes to unlocking the door to the most senior risk management roles.
RSA's Devitt to leave UK business
RSA’s sales and strategic relationship director Aaron Devitt is to leave the UK business after taking an internal promotion in Copenhagen.
EMB: Company market lags behind Lloyd's on commercial performance
Commercial property insurance rates are unlikely to rise significantly any time soon despite attempts by some companies to talk up the market, according to an assessment by actuarial consultancy EMB.
Guy Carpenter launches French flood map
Guy Carpenter has completed the development of a state-of-the-art probabilistic flood model for mainland France.
Liberty looks to grow construction with new hire
Liberty International Underwriters Europe, a division of Liberty Mutual Group, has appointed Andreas Ofner as senior underwriter – construction.
Axa insists it is committed to UK GI despite proposed life sell off
Axa has insisted it remains committed to its UK general insurance and health operations.
Zurich mulls redomiciling European business to Dublin
Zurich is looking to create a single headquarters in Dublin for its European life assurance business, according to reports.
Munich Re launches IP policy
Munich Re has launched an intellectual property insurance policy that provides cover for European businesses facing the threat of IP infringement allegations.
Mutual and cooperative insurers have 25% share in Europe
This is the main result of a statistical report based on 2008 figures issued by the Association of Mutual Insurers and Insurance Cooperatives in Europe at its Congress in Genoa, Italy.
US insurer in exploratory talks about Quinn takeover
Anglo Irish Bank has held talks with US insurer Liberty Mutual about a possible joint approach to take control of Quinn Insurance it has been reported.
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.