Europe
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.
Sean Quinn boss discusses insurance arm's future with Government agency
The CEO of Enterprise Ireland, Frank Ryan, has said the agency met Seán Quinn and the Quinn Group management team to discuss the future of Quinn Insurance.
Interview: Maurizio Castelli
Maurizio Castelli, managing director for Italy at XL Insurance answers Insurance Insight's questions.
Dual launches web-based platform
Dual International has selected e-business solutions specialist Salmon to develop and implement a new pan-European web-based underwriting platform.
MS Frontier Re acquires Irish sister company
Bermuda-based reinsurer MS Frontier Re (MSFRe) has acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe).
European insurance buyers' product satisfaction revealed
Insurers will soon learn what their major commercial insurance customers in the UK and across Europe think about the products and services they offer.
Omega puts Chilean quake loss at $23m
Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.
Zurich outlook revised upwards by S&P
Standard & Poor's Ratings Services has revised the outlooks on the various operating entities of Switzerland-based insurance group Zurich Financial Services to stable from negative.
HSBC to be operate as MBL as Marsh completes broker deal
Marsh today completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East.
Scor makes senior appointments
Philippe Trainar and Frieder Knüpling join Scor's executive committee; Michel Dacorogna is appointed deputy chief risk officer and Norbert Pyhel heads up the Cologne Hub
Fitch: Italian GI market will only see "modest" recovery in 2010
Trading conditions in the Italian non-life market remain tough, while life margins, despite the strong recovery in sales in 2009, could come under some pressure this year, according to Fitch.
Quinn disputes figures and claims of "pre-emptive" and "aggressive" regulator
The Quinn Group has come out fighting, disputing the Financial Regulator's assumption that the UK business is currently unprofitable and that its decision to stop it underwriting will be "immensely damaging" unless reversed.
Hurst-Bannister: Costs key to London’s competitiveness
London Market Group chairman Barnabas Hurst-Bannister has called on the London insurance market to reduce process costs to maintain its position at the centre of the industry.
Central Bank deems Quinn Insurance sale a "reasonable prospect"
The head of financial regulation at the Irish Central Bank has said there is a “reasonable prospect that the administrator will look to put it [Quinn Insurance] up for sale” after the Financial Regulator instructed Quinn Insurance to stop writing new…
Former QBE CEO steps down as chairman
At a board meeting of QBE yesterday chairman John Cloney announced his retirement effective 4 July 2010.