Europe
Allianz's global P&C profits fall 12.7% in Q1
Munich-headquartered insurer Allianz saw global property and casualty pre-tax profits decline 12.7% to €1.26bn (£1.01bn) in the first quarter of 2017.
Cameron: Cyber crime solution needs insurance industry input
The insurance industry and the UK government need to work together on cyber crime and travel risks, former Prime Minister David Cameron said in his keynote address to the British Insurance Brokers’ Association conference.
Cbien secures €8m in second funding round
Digital asset manager CBien has raised €8m (£6.74m) from its existing shareholders MAIF, MACIF and 5M Ventures.
Kartesia leads €25m investment in Vet+a
European debt investor Kartesia has invested €25m (£21m) in Spanish insurance software group Vet+a.
Zurich falls to Q1 £105m GI loss in UK after Ogden hit
Global insurer Zurich posted a UK pre-tax loss for general insurance of £105m, which now includes global corporate, in the first quarter of 2017 compared with a profit of £49.6m in Q1 2016.
Zurich’s Guy Miller on why recovery is an opportunity for reform
A synchronised global recovery is an opportunity for reform, not for complacency, argues Guy Miller, chief market strategist and head of macroeconomics, Zurich.
Nigel Farage slams Lloyd's chairman over Brexit warnings
Nigel Farage has criticised Lloyd's of London chairman John Nelson over pre-referendum warnings on the negative impact of Britain withdrawing from the European Union.
Strong investment results bolster Munich Re's Q1 profits
Munich Re saw a 28% rise in profit in the first quarter of 2017, up to €557m (£469.6m) from €436m for the same period in the previous year.
Hiscox chooses Luxembourg as post-Brexit base
Hiscox has announced plans to open a European subsidiary in Luxembourg in response to Britain’s exit from the European Union.
Kennedys to merge with US insurance law firm
Kennedys will be merging with US insurance law firm Carroll McNulty & Kull to create a global insurance practice.
Halo to offer car hire excess insurance to Italian market
Insurtech broker Halo Insurance Services has expanded into the Italian market by offering car hire excess insurance policies.
Beazley to open Barcelona office in Europe expansion
Beazley has launched its Europe expansion with the opening of a Barcelona office.
Finishing line in sight for the IPID
Although many who voted for Brexit may have hoped otherwise, leaving the European Union will not enable the UK insurance community to turn a blind eye to the insurance regulations dreamed up by those famously unelected bureaucrats in Brussels. Although…
QBE to apply for European licence outside the UK
Australian giant QBE is planning to apply for a European passporting license outside of the UK as a result of Brexit.
AIG returns to Q1 profit despite poor COR performance
Global P&C and life insurer AIG bounced back to profit in the first quarter of 2017 despite some poor underwriting performances.
Allianz Group sees profit rise by 9%
Allianz Group has seen operating profit rise by 9% in the first quarter, from the same period last year.
Vienna Insurance Group acquires Axa Life in Romania
Vienna Insurance Group has closed the acquisition of Axa Life in Romania, increasing its presence in the country.
Ex F1 mechanic to speak at IBIS 2017
A former Formula One race mechanic will address the International Bodyshop Industry Symposium taking place in June in Madrid.
Europe: Insuring robots (and against robots)
Robots are becoming ubiquitous. Do we need specific insurance? And do they?
Brand reputation is top risk to companies worldwide
Brand reputation and damage is the top concern for business across the globe according to survey findings from Aon.
Building Block expands into Portugal
Malta-based PCC Building Block has partnered with Automovel Club de Portugal to launch health excess insurance to ACP’s members.
Vienna Insurance Group doubles profits in 2016
Austrian Insurer Vienna Insurance Group has reported profits before tax of €407m (£340.7m) for 2016.
FCA increases budget to tackle Brexit costs
The Financial Conduct Authority has increased its operating budget as a result of Brexit demands.
Insurance M&As expected to focus on insurtech
The days of mega-mergers in the insurance industry may be behind us as consolidation activity has dropped significantly from the peaks of 2014 and 2015. The sector is contemplating this change of gear and steadying itself in the face of waves of global…