Europe
Analysis: D&O and the rise in securities class actions
Securities class actions are on the increase as law firms target smaller companies and focus on litigation related to initial public offerings
Prejudice against insurance driving protection gap, says Swiss Re CEO
A lack of understanding of insurance and prejudice against the sector is hampering progress in closing the protection gap said, Swiss Re’s CEO.
This Month in Post: Discount, diversity and data
There was some good news and some bad news this week for the insurance industry.
Marsh restructures global management
Broking giant Marsh has unveiled a new global management structure, including new appointments to its executive management team as part of a global management shake-up, effective immediately.
Top 30 European Insurers 2017 Ranking: A mixed year for insurers
Market conditions for European insurers are extremely challenging, with companies facing a wide range of difficulties. Some have had to restructure their books of business because of poor results in the past, although their ability to turn around…
Analysis: Renewables - Riding out the storm
The risk landscape in renewable energy is constantly changing and underwriters need to exercise proper due diligence, argues Fraser McLachlan, CEO of Gcube Underwriting.
EY collaborates with insurers on marine blockchain application
Global consultancy EY has been working with insurance firms, software companies, ACORD and global shipping company Maersk to provide a blockchain platform for marine insurance.
Tokio Marine picks Luxembourg for post-Brexit EU hub
Tokio Marine has become the latest insurer to base its post-Brexit European hub in Luxembourg.
Gallagher boosts Scandinavian footprint with broker purchase
Arthur J Gallagher has acquired Scandinavian property and casualty broker Nordic Försäkring & Riskhantering for an undisclosed sum.
Helvetia posts 8% boost in profits for H1
Swiss insurance group Helvetia increased its profits by 8% to SFr 258m (£208m) in the first half of 2017.
JLT acquires Belgian broker Belgibo
JLT has acquired Belgian specialty broker Belgibo from Exmar Group to further secure a post-Brexit presence on the continent.
Axa's Tanguy Touffut on how Big Data is enabling parametric insurance
Big Data and satellite technology are enabling parametric insurance, explains Tanguy Touffut, CEO of Axa Global Parametrics.
Vienna Insurance Group completes merger with Wiener Städtische Osiguranje
Vienna Insurance Group has completed its merger with Wiener Städtische Osiguranje and the two Axa companies it acquired last year.
Insurance Europe responds to Vnuk consultation
Insurance Europe and the Council of Bureaux have issued a joint response to the European Commission’s inception impact assessment on the Refit review of the Motor Insurance Directive.
German insurtech start-up raises $10m seed investment
Berlin-based insurtech start-up Coya has raised a seed investment of over $10m from global investors including Brolly backer Valar Ventures.
QBE's Grant Clemence on moving CSR forward
Insurers must think more ambitiously about their corporate social responsibility, says QBE Foundation's chairman Grant Clemence
Aviva sells stake in Italian insurance business
Aviva has sold its stake in its Italian joint venture Avipop Assicurazioni SpA.
Vnuk ruling could lead to next hunting ground for CMCs, ABI warns
The Association of British Insurers has warned that the Vnuk ruling could lead to the next ‘lucrative hunting ground’ for claims management companies due to the vagueness of implications.
Umbria Italy quake loss up 64% to €108m
Estimated insurance industry losses from the earthquake that struck Italy in August last year has been increased by 64% to €108m (£99.4m), according to Perils.
MIB urges European Commission to take action against consequences of Vnuk ruling
The Motor Insurers’ Bureau has urged the European Commission to take action against the unmitigated consequences of the Vnuk ruling.
Analysis: Insurers want PI to be left out of the European services e-card
The European Commission wants to create a professional indemnity certificate for cross-border activities but insurers and brokers find the proposal unworkable.
German non-life premiums to continue to rise
German general insurers will continue increasing premiums to offset declining yields in their investment portfolios.
Perils pegs Storm Thomas loss estimated at €249m
Perils has pegged insurance and reinsurance industry losses for Storm Thomas at €249m (£229m).
Global Reinsurers feel the pressure in H1
Global reinsurers continue to feel the pinch of sustained pricing and earning pressure at the half year results, according to Fitch Ratings.