Europe
European Commission urged to delay Insurance Distribution Directive
The ECON committee of the European Parliament has called on the European Commission to delay the application of the Insurance Distribution Directive.
BP Marsh sees profits double from asset sales
Insurance-sector investor BP Marsh saw profits more than double to £10.2m in the six months to 31 July.
FERMA 2017: Risk managers ‘frustrated’ that insurance isn’t evolving fast enough
The president of the Federation of European Risk Managers Associations has voiced members' feelings of dissatisfaction that their insurers are not keeping up with the fourth industrial revolution.
FERMA 2017: Charismatic leaders could be a firm’s biggest risk
Risk managers have been urged to recognise that business leaders can be a firm’s biggest risk.
EMEA organisations falling behind on cyber insurance spend
Organisations spend on average four times more on insuring physical damage, such as property, plant and equipment insurance, than they do on insuring information assets.
Gianmarco Tosti to head up Italian business of Willis Towers Watson
Willis Towers Watson has appointed Gianmarco Tosti as head of its Italian business, having held senior positions within the business since 2006.
Irwin named regional head at WTW
Willis Towers Watson has named Neil Irwin as head of the Central and Eastern Europe, Middle East, and Africa region.
Darag appoints Tullio Ferrucci as CEO of its Italian business
European run-off insurer Darag has appointed Tullio Ferrucci as CEO of its Italian business, following the acquisition of Ergo Assicurazioni last year.
Hammond admits post-Brexit loss of passporting could ‘create legal uncertainties’
The UK government has admitted it is aware of the legal challenges posed by a potential loss of passporting rights.
XL Catlin estimates $1.48bn of losses from Q3 natcats
Global insurer XL Catlin is estimating $1.48bn (£1.12bn) of losses from natural catastrophes in the third quarter.
Court gives Gable creditors extra year to register claims
Gable’s creditors now have an extra year to register their claims.
Scor braces for €430m nat cat bill in Q3
Scor estimates the cost of the Harvey, Irma and Maria hurricanes and the mexico earthquakes at €430m.
Eight out 10 brokers confident over London’s post-Brexit prospects
Eight out 10 London market brokers remain bullish over the prospect of the capital retaining its global position in the wake of Brexit.
Q&A: Chris Smith, Mapfre Global Risks
Mapfre Global Risks is working on a UK retail proposition, says Chris Smith, chief regions and markets officer – International.
Analysis: Hurricane harm
Hurricane season has caused devastation across the Atlantic but, despite the human death toll, the impact on reinsurers is likely to be limited
Penny Black's Social World - October 2017
Picture prizes, Harvey help, and determined dancers and drivers
WTW launches facultative reinsurance hub in DACH region
Willis Towers Watson has launched a facultative reinsurance business across Germany, Austria, and Switzerland.
Motor MGA Hawkwell in run-off following Ogden rate change
Exclusive: Motor managing general agent Hawkwell could close its doors at the end of March as a result of lost capacity from the Ogden rate changes.
CII restructures international division
The Chartered Insurance Institute has restructured its international operations.
2017 catastrophes to hit QBE's profits for $600m
Sydney-headquartered global insurer QBE has updated the market that recent losses in Mexico and the US will have a significant impact on full year profits.
Interview: Tulsi Naidu, Zurich
Almost a year into her role Zurich UK CEO Tulsi Naidu talks to editor Stephanie Denton about the events of the last 12 months and how the insurer is progressing with its transformational programme.
Sompo International brings multiple global operations under one banner
Sompo International Holdings has brought together its European, American and newly acquired Endurance businesses together to form a single worldwide platform.
Everest Re gains approval for Dublin post-Brexit hub
Everest Re has been granted in principle regulatory approval for a Dublin-based subsidiary.
Monarch customers 'may not be covered' under travel policies
Travellers affected by the collapse of Monarch may not be covered for cancelled flights under their travel insurance policies.