Europe
Dutch insurance giant outlines new reporting style
Aegon has unveiled its new reporting format that it claims better aligns with the way it manages its businesses.
Quinn urges a reopening of UK business after High Court adjournment
The Quinn Group has welcomed the adjournment of the High Court hearing today which may have put its insurance business into full administration.
Quinn Insurance administration hearing delayed
The full hearing of the Financial Regulator's action to put Quinn Insurance into full administration has been postponed.
Poland Central Bank governor in crash that killed Polish president
The governor of the Poland’s Central Bank is the latest major political figure to be found in the Polish plane crash that killed the country’s president in Russia this weekend.
Aviva boss admits its market share is too low
Aviva is seeking to expand in Turkey because its current business isn’t big enough, its local CEO has told Bloomberg.
Train crashes in Italy killing at least six
A train has derailed in northern Italy, killing at least six people and injuring 20 others, according to media reports.
XL targets Irish mid-market
XL Insurance has launched a Dublin-based underwriting operation for middle market casualty business.
Overall Xynthia loss put at Euros 1.28bn
Perils AG today disclosed its initial loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
RSA and Axa named as potential bidders for Quinn
Dutch insurance giant Eureko, RSA and Axa have been named among the 20 or so predators circling the Quinn Insurance group, according to reports in Ireland.
Allianz unveils new heads for Italy and Turkey in shake up
George Sartorel, currently CEO of Allianz Turkey, is poised to become new CEO of Allianz Italia.
Aviva outlines Asian direct motor plan
Aviva has outlined plans for its re-entry Singapore’s general insurance market and stated its intent on rolling out the business in key markets in Asia.
Ceiops chair outlines latest thoughts on GI proposals
In a letter to Jörgen Holmquist, director general, European Commission internal market and services directorate general, the Ceiop chair Gabriel Bernardino has submitted the last set of advice on the Solvency II level 2 implementing measures which have…
Aviva seeks Asian GI re-entry
Aviva is to re-enter the Asian general insurance market five years after selling its non-life operations there, the company has confirmed to Reuters.
Sean Quinn admits insurer is losing "an absolute fortune" due to uncertainty
The founder of the Quinn Group has admitted his insurance company is "losing an absolute fortune" in administration, with revenue dropping by as much as 80%.
Quinn UK ban to remain after Regulator given dossier on operation
The ban on Quinn Insurance from trading in the United Kingdom is not expected to be lifted today, according to reports in the Irish media.
Report says Quinn may have failed to reserve properly for claims
The Financial Regulator may refer breaches of insurance regulations uncovered in its investigation into Quinn Insurance to the office of the Director of Corporate Enforcement and the Garda Síochána. according to reports.
HCC readies for upturn in M&A activity with new launch
HCC Global Financial Products has launched a new line of business focusing on mergers and acquisitions’ transaction risk insurance; covering warranty & indemnity, tax indemnity, and contingent risk transfer insurance.
Video: Post launches the British Insurance Summit 2010
Anthony Gould, group editor in chief, Incisive Media's insurance division talks about the launch of Post's new flagship conference - the British Insurance Summit.
Countdown to PZU IPO begins
Poland’s government and insurance group Eureko plan to start taking orders next week for at least 5.5bn zloty ($1.9 bn) of shares in PZU, Poland’s largest insurer.
RSA and Catlin confirm FSA solvency II support roles
RSA and Catlin have been named as two of the insurers which worked with the Financial Services Authority on a Solvency II pilot scheme to design the internal models and work out how they will be approved by the regulator.
AIG CEO confident successor can come from within its ranks
Robert Benmosche, AIG's second chief executive since its government bailout, expects to be at the insurer for up to two more years, according to Bloomberg News.
Aegon disposes of Dutch business
Aegon has completed the sale of its funeral insurance business in the Netherlands to Dutch investment firm Egeria for EUR 212m.
Munich Reinsurance drops America
Munich Reinsurance America has changed its brand name to Munich Re and adopted the Munich Re logo for all marketing materials, the company declared today.
Election set for 6 May
Prime Minister Gordon Brown is preparing to announce that the UK general election will be held - as widely predicted - on 6 May.