Europe
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.
IBIS 2017: Connected cars will send first notice of loss 'as early as next year'
Connected cars will dispatch emergency services and send first notice of loss as early as next year, predicted Sean Carey, president of SCG Management Consultants.
Airmic 2017: Risk managers need to focus on the short term to tackle unpredictable risks
The risks facing UK firms are changing at such a pace that risk managers need to focus on the immediate short term not just the risks of the future, members of the Association of Insurance and Risk Managers heard.
IBIS 2017: GM not ruling out insuring its autonomous vehicles
US car manufacturer General Motors is not ruling out providing insurance for its future autonomous vehicles.
IBIS 2017: Softer Brexit becomes more likely following election
After Prime Minister Theresa lost her overall majority in the general election last week, a softer Brexit is more likely, said Thomas Lake, senior analyst, political risk at BMI Research.
Blog: London needs to get global
To maintain its competitive position, the London insurance market needs to become a truly global hub, write Chris Beazley, CEO of the London Market Group, and Paul Clark, partner at the Boston Consulting Group
Compre snaps up Equinox CA Europe
Independent insurance and reinsurance legacy specialist, Compre, has acquired global engineering and construction conglomerate, Equinox CA Europe.
Week in Post: Mayhem, Brexit and PR
It has been a year of political surprises, starting with Brexit, to Trump’s election and finally to today’s hung parliament.
ABI calls for industry to 'rigorously frame' policy positions following election result
The Association of British Insurers has urged the industry to ensure its policy positions are “rigorously framed” around the needs of retail and business customers following the election result.
Aviva's Maurice Tulloch on all that insurtech hype
With technology reshaping the insurance industry, incumbents need to disrupt the very business models they helped create in order to meet fast-changing customer expectations, writes Maurice Tulloch, CEO, international insurance, Aviva.
CNA Hardy to set up post-Brexit hub in Luxembourg
CNA Hardy will establish a new office in Luxembourg in preparation for Brexit, with the process set to be completed in early 2019.
QBE opts for Brussels EU base
Australian global insurer QBE has decided to move its EU headquarters from London to Brussels.