Europe
Law firm blames Quinn woes on Irish economy
The news today that Quinn Insurance has been placed into provisional administration will concern solicitors according to Hugh Evans, financial litigation partner at DLA.
Entertainment brokers seeks to double size after US tie-up
Stockport-based Doodson Broking Group has signalled its intent to double in size over the next five years after forming a partnership with US broker Crossfields Insurance.
Grant Thornton names team that will manage Quinn business
Grant Thornton has made its first comment having been appointed provisional administrators of Quinn Insurance this morning.
FSA "working closely" with Irish regulator over Quinn
The UK's Financial Services Authority has said it is working with its Irish equivalent over the issue of Quinn Insurance.
Quinn Group hits back at Irish regulator for over-reaction
Quinn Insurance group's parent company Quinn Group has criticised the regulator's request for an administrator to be appointed today.
Quinn ignores regulator and continues to sell UK policies
Quinn Direct is still offering insurance policies in the UK, Post has discovered.
Quinn ordered to stop underwriting in the UK as parent put into administration
The High Court has this morning appointed provisional administrators to Quinn Insurance, owner of Quinn Direct and Quinn Healthcare, on an application by the Financial Regulator in Ireland.
ERGO sees premium income increase by 7.6%
ERGO consolidated result increased to €173m (2009:€73m). The company’s total premium income rose 7.6% to €19.0bn (2008: €17.7bn).
Swiss insurer refinances bond with new issue
Swiss insurance group Helvetia Holding today issued a bond with a volume of CHF 150m and a term of three years.
Co-op to address European mutual conference
Europe’s mutual and cooperative insurers will hold their second biennial Congress, in Genoa, Italy, from 24 to 26 May 2010, on the theme “mutuality today: sustainable values” at the invitation of Italian members, Reale Mutua, Itas and Unipol.
Miller hails Katkhuda capture
Broker Miller has recruited Sebastian Katkhuda to work on global programme strategy, placement and servicing for major corporate clients within the UK and Europe.
Zurich names CEO's successor
Zurich Financial Services has appointed Cecilia Reyes as chief investment officer and member of the group executive committee, effective 1 April 2010, reporting directly to chief executive officer Martin Senn.
Mondial Assistance names regional Benelux boss
Mondial Assistance has named current director for Northern Europe, Middle East and Africa Mike Webb as its head of the Benelux region.
Axa study compares GB young drivers with European counterparts
An international research study from Axa has shown that young British drivers are a better risk on the road than some of their European counterparts.
Swiss Re appoints new UK boss
Russell Higginbotham has been appointed as head of client markets for Swiss Re in the UK & Ireland.
Ex-SSP director joins Target Harlosh
Insurance software solutions provider Target Harlosh has appointed Mark Mullin as head of insurance services, to spearhead the company’s expansion plans in the UK and across Europe, Middle East and Africa and Asia Pacific.
Chaucer outlines windstorm and earthquake estimates
Chaucer today it had completed its estimate of losses from the Chilean earthquake and European Windstorm Xynthia.
Axa fined $1.9m by NY State Insurance Department
New York State Insurance Superintendent James J Wrynn has announced that Axa Equitable Life Insurance Company has paid a $1.9m fine for violations including making inaccurate or incomplete disclosures to consumers buying replacement annuity contracts and…
Allianz awarded for commitment to sport
Allianz received the 2010 FASPO International Sponsoring Award in the sports category for its commitment to paralympic sport.
Interview: Dr Jochen Messemer, ERGO
Dr Jochen Messemer, ERGO Versicherungsgruppe AG board member responsible for international operations answers Insurance Insight's questions.
Brit Insurance publishes quarter one cat loss forecast
Brit Insurance has concluded an initial review of its expected claims arising from recent catastrophe events - the earthquake in Chile and European Windstorm Xynthia.
Zurich to restate results after changing US accounting
Zurich has decided to implement a hedging strategy which it claims will better manage its economic exposure and reduce the volatility associated with its closed block of variable annuities products within its US life business.
Heritage claims industry first following Heath Lambert acqusiition
Heritage Insurance Management in Guernsey has claimed a world-wide first by amalgamating two Protected Cell Companies into one.
Catlin outlines earthquake and windstorm estimates
Lloyd's insurer Catlin today announces initial estimates of the financial impact of the Chilean earthquake and Windstorm Xynthia.