Europe
QBE opts for Brussels EU base
Australian global insurer QBE has decided to move its EU headquarters from London to Brussels.
RSA chooses Luxembourg for post-Brexit hub
Insurance giant RSA is to set up an office in Luxembourg in response to the UK’s decision to exit the European Union.
Insurtech driving IT investment plans of European insurers
Insurers in Europe are looking to insurtech acquisition and innovation in order to grow their businesses.
Empty shells or letter boxes ‘not acceptable’ post-Brexit subsidiaries, EU regulator says
Insurers looking to set up a post-Brexit base in the European Union will need to ensure their relocation plans have the proper supervision, the chairman of the European insurance watchdog has said.
Juventus Football Club’s stadium rebranded as 'Allianz Stadium'
Allianz Italy has signed an agreement which will see Juventus Football Club’s stadium rebranded as “Allianz Stadium”.
Declines in global insurance pricing slow in Q1: Marsh
Global insurance rate decreases moderated for the fifth consecutive quarter, down 2.3% in the first quarter of 2017 compared with the previous quarter’s 3.1%, according to Marsh.
Gen Re boss appointed MD for Guy Carpenter Benelux
Hans van Oort has been appointed as the managing director of Guy Carpenter Benelux and will be responsible for leading the company’s presence in Belgium.
How insurers can protect themselves against cyber threats
In the current cyber insecurity, insurers need to review their management structure and their risk processes to protect their data and their customer’s data, say Matteo Coppola and Ofir Eyal, partners at the Boston Consulting Group.
EU gets go ahead to sign covered agreement with US
The European Council has approved the signing of the covered agreement with the United States that would harmonise insurance and reinsurance regulation on both sides of the Atlantic.
FM Global chooses Luxembourg for post-Brexit hub
FM Global has been granted a license to operate in Luxembourg as the commercial property insurer looks to establish a post-Brexit base on the continent.
Editor's comment: Time to play nicely
We have a sign in our kitchen with the rules of the house. As well as being told not to run (and throw balls in the house), my son knows it’s important to play nicely.
EU regulators to receive Brexit guidance from Brussels
European Union member states are set to receive guidance from Brussels to ensure national regulators do not undercut each other while trying to attract firms from the UK.
Motor Insurance World video: Ogden rate and credit hire
Catch up with delegates of the Insurance Post Motor Insurance World conference and find out who thinks what about both the Ogden discount rate and credit hire companies.
AIG’s credit rating affirmed by AM Best as Duperreault gets nod of approval
AIG’s credit rating has been affirmed by AM Best, putting an end to the firm's credit review and removing a potential roadblock to the firm’s profitability.
Political risks: Halting new threats
Businesses with domestic and international footprints are increasingly demanding protection from political risks. But, as the threats have changed in recent years, so has the cover that serves to protect against them
Liberty Specialty denies reports it has picked Luxembourg for post-Brexit base
Liberty Specialty Markets denied it had already made a decision over the base of its European Union subsidiary, despite reports it has picked Luxembourg for the base.
Vienna Insurance Group sees profits climb by 22%
Vienna Insurance Group saw profits before tax rise 22% in Q1 2017 to €109.6m (£94.6m) from €89.6m in the same period last year.
Solvency II ratios not comparable across EU and won't be used in ratings, says AM Best
Solvency II ratios will not be comparable across the European Union and will not be used in rating assessments, according to AM Best.
This Week: Menace, manifestos and managing general agents
There is a menace in my house in the form of water. First it caused problems in my kitchen (as many of you will remember) and now it's found its way out of the bathroom.
Chubb hires ex-FSA chairman Lord Turner
Chubb has appointed Adair, Lord Turner as non-executive chairman of two of Chubb European Group and Chubb Underwriting Agencies.
Industry set against merger of EU insurer and bank regulators
Proposals to merge the European Insurance and Occupational Pensions Authority with the European Union’s banking regulator would damage the effectiveness of consumer protection and prudential oversight, according to Insurance Europe.
Reinsurance pricing won't turn this year, says Fitch
Reinsurance pricing is unlikely to change its course over the next year, with soft market conditions expected to continue and further pricing declines anticipated, according to Fitch Ratings.
Costa Concordia captain's sentence upheld
The captain of the Costa Concordia, which capsized in 2012 killing 32 people, has had his 16-year jail sentence upheld.
QBE merges underwriting divisions to form 'Brexit friendly' business
QBE is to combine its underwriting divisions to form a single "Brexit friendly" business.