Europe
R&Q sells Norwegian Triton to Gabler
R&Q has sold its Norwegian service company R&Q Triton AS to Gabler AS.
Dive In to delve into the 'Diversity Dividend'
The 'Diversity Dividend' is the theme of the third edition of the Dive In festival taking place in September.
Exin buys 75% stake in Ethniki as it looks to drive 'renaissance for the industry'
Exin Financial Services has purchased a 75% stake in insurer Ethniki Hellenic General Insurance from National Bank of Greece for €718m (£631.8m).
Darag names Stuart Davies chairman
European run-off insurance company Darag has named Stuart Davies as chairman of the group.
European broker merges with tech firm to create Digital Insurance Group
European digital insurance broker Knip has merged with technology solutions provider Komparu to create Digital Insurance Group.
International: Marine losses
Major marine losses are flowing again as ever larger, more sophisticated ships take to the seas.
MS Amlin's European business heads to Belgium due to Brexit
MS Amlin is to re-domicile its European business, Amlin Insurance Societas Europaea to Belgium in response to Brexit.
Government should rethink stance on single market access: Scotland's Brexit Minister
Theresa May’s government should rethink its stance on a hard Brexit and single market access, Scotland's Brexit minister has said.
Equivalence is not a substitute for mutual market access agreement: ABI
Regulatory and Solvency II equivalence is not an adequate replacement for a proper agreement on mutual market drawn up by government, the industry has heard.
No Brexit deal 'not acceptable' says ABI
Leaving the European Union without a deal is not acceptable if insurers are to continue to meet the needs of customers and remain legally compliant, the Association of British Insurers, will warn today.
UK needs EU transition deal to prevent business failures: Euler Hermes
A transition deal on goods and services between the UK and the European Union is needed to prevent a sharp rise in UK business insolvencies in 2019, according to Euler Hermes.
Law firms collaborate on global network
A group of insurance law firms have joined together to create a formal network to share knowledge and delivering legal expertise and service clients across four continents.
Blog: Trade credit insurers mustn't waste the Brexit opportunity
Trade credit insurers can prove their worth by helping their customers mitigate the risks associated with Brexit, writes Richard Reynolds, regional manager at Atradius.
Chaucer picks Dublin for its EU base
Specialty carrier Chaucer has chosen Dublin for its post-Brexit insurance hub.
Europe: Post-Brexit travel insurance
It is unclear whether UK nationals will be able to use the European Health Insurance Card after Brexit. If they don’t, travel insurers expect higher claims costs and higher premiums.
Blog: Brexit is making travel claims more expensive
Brexit is increasing the costs sustained by travel insurers, which can no longer afford to cut premiums, says Antony Martin, managing director at Rock Insurance.
Aviation insurers launch model Brexit clause for multi-year policies
Aviation insurers have launched a model contract continuation clause to keep multi-year policies in place after Britain leaves the European Union, the International Underwriting Association said.
European captives showing strong capital positions in Solvency II disclosures: AM Best
European captives are showing “very strong” capital reserves in through reported Solvency II ratios, according AM Best.
Maurice Tulloch appointed to executive board position at Aviva
Aviva’s CEO of international insurance, Maurice Tulloch, has been appointed as an executive director of the company.
Industry welcomes chancellor's Mansion House speech
The UK insurance industry has welcomed comments made by chancellor Philip Hammond where he said he is pushing for a Brexit "that works for Britain," and wants a business-friendly Brexit which protects financial services.
Maas Global receives financial backing from Toyota Financial Services and Aioi Nissay Dowa
Finnish company, Maas Global has received investment from Aioi Nissay Dowa Insurance and Toyota Financial Services.
This Week: Stoic London
The generosity and heroic nature of Londoners came to the fore this week, when after two recent terrorism attacks the city saw the worst fire in recent history. Firefighters were heralded for entering the 24-storey flaming building and the community came…
Will insurers Wanna Cry? On the legal repercussions of the global cyber attack
The Wanna Cry ransomware attack is going to bring into light cyber wordings and terrorism exclusions, explains Hermes Marangos, partner at Signature Litigation.
Norwegian insurer to examine exposure following Grenfell Tower fire
A Norwegian insurer that took on the property and liability contract for the local authority responsible for Grenfell Tower could potentially see its UK expansion curbed as a result of huge claims.