Europe
Q&A - Vanbreda
In the second of a regular focus on European insurance companies and brokers, Insurance Insight talks to the management of Vanbreda, the Belgium-based broker, which is part of the EOS Risq group.
Mapfre agrees €446m bancassurance deal with Caixa Catalunya
Spanish insurer Mapfre has agreed to jointly develop a range of insurance and pension products with Caixa Catalunya in a deal worth €446.8m (£403.3m)
French insurer finalises transaction after Barclays deal
After obtaining customary regulatory approvals, CNP Assurances had finalised the transaction with Rentipar Seguros SGPS for the sale of its stakes of 83.52% et 83.57% respectively in Global - Companhia de Seguros, S.A. and Global Vida - Companhia de…
Aviva nominates CFO for new board position
Patrick Regan joins fellow candidates Fieke van der Lecq, Professor of Pension Markets and Peter Hartman, president and CEO of KLM Royal Dutch Airlines.
Delta Lloyd does not forsee German sale
Delta Lloyd Germany realised €579m in life gross written premium in 2009, almost 16% of Delta Lloyd Groups' total life GWP of €3642m.
Allianz: Greece no danger to the EMU
In an international comparison, Allianz continued, the EMU as a whole fares relatively well with a debt ratio of 78.2 percent of gross domestic product. Japan's debt ratio of around 190 percent is substantially higher and the USA, with 83.1 percent of…
Alterra names new executives
Alterra, the new name for the newly-combined entities of Bermudian reinsurance rivals Harbor Point and Max Capital, has named its executives.
Thornside and Argos to partner in Ireland
Thornside, the pet insurance division of Capita Insurance Distribution, is to work with Home Retail Group to provide and administer its new pet insurance programme in Ireland.
Delta Lloyd sees new premiums drop
Gross written premiums amounted to € 1423m (2008: € 1378m), an increase of 3%. The segment's operational result after tax and non-controlling interests fell to €88m (2008: €112m).
Aviva UK GI book shrinks by over £1.1bn in 2009
Aviva UK's general insurance operating result fell to £520m (2008: £642m) in 2009. Its combined operating ratio remained static at 99%.
Harbor Point and Max Capital confirm merger
Bermudian reinsurers Max Capital and Harbor Point have confirmed their merger.
Axa Corporate Solutions reports €1.93bn annual turnover
Axa Corporate Solutions posted a 2.3% growth in 2009 turnover on a comparable basis, reaching €1.93bn (£1.75bn), while underlying earnings were up by 17% at €133m.
ABI pleased with CEIOPS “positive contribution” on Solvency II
The Association of British Insurers has welcomed the publication of Committee of European Insurance and Occupational Pensions Supervisors report on the implication of Solvency II.
Kiln releases syndicate results
Lloyd’s managing agency RJ Kiln has released the final results for its managed syndicates for the 2007 year of account, updated forecasts for the 2008 year of account and initial forecasts for the 2009 year of account.
Wuerttembergische Versicherungen agrees software deal
Insurer Wuerttembergische Versicherungen will optimise the scheduling of about 120 employees working in customer service at its Stuttgart site using workforce management solution In Vision Enterprise WFM.
BoA Merrill Lynch responds to Solvency II advice
Bank of America Merrill Lynch has published a report on the latest Committee of European Insurance and Occupational Pensions Supervisors advice on the implementation of Solvency II.
Allianz boasts of record investment performance
Allianz Global Investors achieved record profitability in 2009 with operating profits of 1362m euros compared to 904m euros in 2008.
ING could delay insurance sale with IPO
Reports claim that as long as it kicks off the process with a stockmarket listing it could meet an EU requirement.
AIR estimates winter storm will cost up to €3bn
Winter storm Xynthia, which hammered mainland Europe over the weekend, will cost up to €3bn, modelling agency AIR has said.
Scor in earnings surge
French reinsurer Scor reported a surge in earnings in the fourth quarter of the year.
Fitch: French windstorm losses material, but managable
Fitch does not expect losses from the catastrophe to result in a material capital erosion for the French insurance market. The agency expects that the rating actions due to the storm are likely to be limited.
Ukraine ruling coalition collapses
Ukraine's coalition has collapsed as newly elected President Viktor Yanukovich moved to oust Prime Minister Yulia Tymoshenko and consolidate power.
Aon in acquisition talks in Italy
Italian paper reports that Aon are looking to expand its business in the region through acquisitions.
Admiral's international arm contributes £47m as profit jumps 7%
It added its customer numbers were up 19% to 2.08 million (2008: 1.75m), profit from UK car insurance was up 15% to £207m (2008: £180m).