Europe
Life is a breach: What the GDPR changes for insurers
Insurers will face stricter data rules but these may help them grow the cyber market, write Mark Estafanous and Kate Payne, solicitor and partner at Elborne Mitchell.
Government to buy insurance against disasters in developing countries
Prime Minister Theresa May has announced plans to use the expertise of the City of London’s insurance market to develop insurance markets in developing countries.
Government cracks down on false holiday sickness claims
The government has launched a crackdown on bogus holiday sickness claims.
GDPR ‘a shot in the arm’ for cyber insurance
The incoming EU data protection regulation is likely to be a “shot in the arm” for the cyber market, resulting in a marked growth in cyber insurance revenues, according to AM Best.
Grenfell Tower blaze could result in claims of £50m
The Grenfell Tower blaze could result in property and liability claims of £50m, the Norwegian carrier responsible for insuring the building said.
Marsh and Aon offices visited in connection to Irish motor competition investigation
Marsh and Aon are among the brokers visited by the European Commission as part of its motor investigation in Ireland.
Ex-Swiss Re boss Michel Liès to be Zurich chairman
Former Swiss Re CEO Michel Liès has been proposed as the chairman for Zurich from next year.
Analysis: London’s global reinsurance market share falling as rivals take a bigger slice
London Matters Report highlights key areas of concern
When cyber gets physical
Recent events such as the Wanna Cry ransomware attack and British Airways’ computer outage have helped to drive sales of cyber insurance, but there are concerns that a significant part of the risk is being overlooked
Motor insurance firms in Ireland raided over ‘anti-cartel’ EU rules
Motor insurance providers in Ireland have been raided by officials from the European competition watchdog.
More women are at executive level in financial services than ever before
Columbia Treadneedle Investments has issued a report highlighting the increased representation of women across 12 sectors in the financial industry.
Liberty picks Luxembourg for post-Brexit hub
Liberty Speciality Markets has selected Luxembourg for its post-Brexit headquarters.
MGAA takes action over members hit by Brexit disruption
The Managing General Agents' Association must take a leading role in supporting members through the challenges of Brexit, its chairman said.
Compre launches Maltese insurance company
Compre is to establish an insurance company in the Republic of Malta.
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.