Europe
Delta Lloyd unveils board changes
Michiel Delfos has been appointed as the successor of Nathalie de Geus with effect from 15 May 2010.
Generali appoints chairman and chief exec
Generali, the largest Italian insurer, has named Cesare Geronzi, the outgoing chairman of its largest shareholder, Mediobanca, as its new chairman and Giovanni Perissinotto as its sole chief executive.
FSA reassured over Quinn as administrator plans 20% UK rate hikes
The Irish Government has written to the Financial Services Authority to assure it that any funding needs which emerge at Quinn Insurance’s business there will be met.
FERMA welcomes new EU insurance BER
The Federation of European Risk Management Associations has welcomed the adoption of the new EU insurance block exemption regulation by the European Commission on 24 March 2010.
SPB finalises share arrangement
White label insurance specialist Citymain has concluded the sale and purchase of part of its shareholding to the SPB Group, an administrator and provider of affinity insurance programmes to the French banking and finance, IT and mobile sectors.
R&Q acquires La Licorne
Randall & Quilter has acquired a French run-off reinsurer of third party motor business for €3.2m.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Quinn Insurance administrator prepares staff for cuts
The administrator of Quinn Insurance has indicated that it will have to cut jobs to keep the business viable.
New investment head for Zurich
Zurich has appointed Urban Angehrn to the position of head of investment strategy implementation. He replaces Cecilia Reyes, who has been appointed chief investment officer and member of the group executive committee.
Quinn welcomes regulator's decision
Quinn Insurance has welcomed the Financial Regulator's decision to allow it to begin offering private motor insurance cover for provisional licence holders in the UK.
Willis names new director at first Irish AGM
Willis has appointed Michael Somers as a director of the company and member of the risk committee of the board of directors.
Fitch rates Groupama as an 'A'
Fitch Ratings has today assigned Groupama and four of its core insurance subsidiaries Insurer financial strength ratings of 'A'.
Regulator gives Quinn green light for partial UK underwriting return
The Financial Regulator has today modified the direction issued to Quinn Insurance to permit the company to write motor insurance cover for provisional driver licence holders in the United Kingdom (including Northern Ireland).
Quinn Insurance given £5.5m in UK government grants
Quinn Insurance has received £5.5m in government support in Northern Ireland alone, according to the latest reports.
Coface to get French state fund aid for partial IPO
The French state is likely to lend a helping hand to investment bank Natixis in selling its credit insurance unit according to newswire Reuters.
Aviva appoints new strategy director
Aviva France has appointed Pierre-Emmanuel Lefebvre as deputy director of strategy and development. Stanislas Belot is to replace him as secretary of the executive committee.
FSA playing hard ball over Quinn's UK return
The Financial Services Authority is reported to be playing hard ball over Quinn's re-entry into the UK insurance market.
Airline body slams lack of co-ordination over volcanic groundings
The International Air Transport Association has criticised European governments for what it claims is a "lack of leadership in handling airspace restrictions in light of the Icelandic volcano eruption". It urged a re-think of the decision-making process.
Axa reacts as watchdog blocks deal
The Australian Competition and Consumer Commission has today decided to oppose National Australia Bank's proposed acquisition of Axa Asia Pacific Holdings, and not to oppose AMP's proposed acquisition.
Quinn UK re-opening D-day tomorrow as individuals cited for woes
It has been claimed that the Financial Regulator is investigating improper conduct by individuals as well as at the failure of systems and internal controls which led to Quinn Insurance's solvency problems.
SRA clarifies its position on Quinn
The Solicitors Regulation Authority has advised UK-based solicitors with professional indemnity cover underwritten by Quinn Insurance against immediately seeking replacement insurance following the Irish High Court’s decision to appoint full-time…
Zurich CRO: New report should "stimulate, provoke and challenge"
The World Economic Forum has today published 'Rethinking Risk Management in Financial Services'.
View from Top - Europe: Facing up to global litigation risks
Embracing the benefits of a global supplier network and access to customers around the world carries opportunities and risks alike. While the risks around the global supply chain are frequently discussed, the dangers in regards to product liabilities…
Insurance Insight Interview: Anne-Sofia Hedin
Sweden has attracted a lot of attention recently, not least because of RSA's growth plans there and the opening of a new Lloyd's representative office. Lynn Rouse speaks to Markel's general manager in Sweden Anne-Sofia Hedin to get a better of idea why…