Europe
Softbank reported to be eyeing up stake in Swiss Re
Japanese tech-to-financial conglomerate SoftBank is exploring the possibility of taking a $10bn stake in reinsurer Swiss Re, reports suggest.
Swiss Re completes public share buy-back programme
Swiss Re has completed its 2017 public share buy-back programme.
Spotlight on ADAS: Why ADAS is not a fit and forget system
With more Advanced Driver Assistance Systems being installed on cars, Alistair Carlton, technical manager at National Windscreens, says insurers shouldn't underestimate the demand for ADAS calibration.
Liiba and EY publish report to address Brexit uncertainty
The London and International Insurance Brokers’ Association and EY have published a report to address uncertainty regarding the ability of intermediaries to place and service European risk from the UK post-Brexit.
Axa's Evan Waks on getting post-Brexit certainty
As UK insurers wonder how to continue trading in European Union countries after Brexit, Evan Waks, chief risk officer at Axa UK, argues a transition period would offer much needed certainty.
European Commission backs IDD delay
The European Commission has ratified proposals put forward by the Financial Conduct Authority to postpone the application date of the Insurance Distribution Directive.
Allianz buys an additional 30% of Euler Hermes
Allianz has increased its shareholding in Euler Hermes to 92.43%
Adjusters 'must demand Brexit clarity from insurers'
Loss adjusters working for multi-national insurers in Europe must challenge them on their Brexit preparations, said Paul May, director of the International Association of Adjusting Federations.
Central Bank of Ireland orders CBL Insurance to boost reserves
CBL Insurance Europe has been ordered by The Central Bank of Ireland to bolster its capital and reserves.
Euler Hermes names three top board positions
Trade credit insurer Euler Hermes has named its new chief financial officer, chief operating officer, and head of market management.
Full year group income up 10% at Euler Hermes
Euler Hermes reported a 10% boost in group net income for the year ending 31 December 2016.
This week in Post: Results, rumour and regulation
This week the results season well and truly got underway with big names in the UK’s insurance sector reporting back to market on how they fared over 2017.
AIG international GI unit sees $399m loss
AIG’s international general insurance business was hit by $399m (£286.5m) losses in in the last quarter of 2017, nevertheless an improvement on the $441m loss it suffered in Q3 2016.
Insurers outline framework for trade deals outside of EU
Insurers have submitted a wish list to the government of how any insurance specific trade agreement with China or India would look.
Jacqueline Legrand appointed Brokerslink CEO
Swiss network Brokerslink has appointed Jacqueline Legrand as CEO, succeeding José Manuel Fonseca.
Government urged to publish Brexit financial services paper
The government must publish its Brexit position paper on financial services in order to assuage the “chronic state of uncertainty” at present, the chair of the Treasury Committee has warned.
Generali completes sale of Dutch subsidiary
Generali has completed the sale of its entire shareholding in Generali Nederland to ASR Nederland.
CNA Hardy's Dave Brosnan on bumps in the road as businesses go global
Boards shouldn't turn their attention away from corporate, compliance and supply chain risks, warns Dave Brosnan, CEO of CNA Hardy Europe.
JLT bolsters European cyber practice with Schouteren hire
JLT Specialty has bolstered its cyber practice in continental Europe with the appointment of former Aon cyber lead Sjaak Schouteren.
R&Q Malta receives A- rating
R&Q’s European subsidiary has received an A- rating from AM Best.
Analysis: Product recalls: Bringing it back
Whether it’s a tumble dryer that catches fire or baby milk that’s contaminated with salmonella, an increase in safety concerns is putting product recall insurance in the spotlight. With the frequency and severity of claims on the up, there are concerns…
Liiba chair calls for contract continuity post-Brexit
Contract continuity and cross-border market access will be essential post-Brexit, the London & International Insurance Brokers' Association chair said in a speech in Europe.
Volvo to launch autonomous cars in 2021
Volvo is “fairly confident” it can start selling autonomous vehicles to individual drivers in 2021, a conference heard.
EC report recommends adapting Solvency II
The European Commission and Insurance Europe have welcomed a report that suggests adapting Solvency II to facilitate sustainable investment.