Europe
XL Catlin appoints Tim McMahon to property insurance CUO
XL Catlin has promoted Tim McMahon to the newly created role of global chief underwriting officer, property for insurance.
We Specialty and Hiscox collaborate on political risk
French managing general agency We Specialty has partnered with Hiscox to cover political violence, terrorism and political risk.
Global insurance M&A fell 13% in 2016, says Clyde & Co.
Last year the number of completed mergers and acquisitions of general / life insurers and reinsurers across the world fell 13% from 2015 according to global law firm Clyde & Co.
Brexit could drive mergers and acquisitions in 2017
Brexit could result in a wash of distressed insurance businesses, driving a rise in mergers and acquisitions, a report has warned.
XL Catlin granted Monaco licence
XL Catlin has received regulatory approval to write business in Monaco.
Asia drives growth as Prudential operating profit soars
Prudential, the international financial services group, has reported record group operating profit of £4.26bn in 2016 thanks to double digit-growth in Asia.
Intel makes £12.5bn driverless car software acquisition
US chipmaking giant Intel has bought Israeli software company Mobileye for £12.5bn ($15.3bn) placing a big bet on the future of driverless cars.
Chubb partners with low-cost airline to broaden European travel cover
Chubb has expanded its travel cover offering by signing an agreement with low-cost airline, Wizz Air.
China: The new silk road
China’s One Belt, One Road initiative is one of the most ambitious infrastructure projects the world has ever seen.
Blog: Vnuk opens fraud front
The Vnuk ruling has raised the prospect of a much wider compulsory insurance regime being introduced in the UK, requiring vehicles such as golf buggies, quad bikes and farm vehicles to be insured, even when used exclusively on private land. The…
Charles Taylor eyes potential $6.1 trillion insurance market after solid 2016
London-headquartered global insurance services firm Charles Taylor is confident of global expansion after posting solid 2016 results.
Uninsured driving - the European way
A recent European ruling that means insured motorists will pay repairs for uninsured drivers has caused outrage in the industry. What is the extent of uninsured driving in Europe, how do national differences compare and which policies work?
AIG to establish post-Brexit EU hub in Luxembourg
AIG will move its Europe operations from the UK to Luxembourg ahead of Brexit.
Charles Manchester on brokers using unrated insurers
Brokers are regulated by the Financial Conduct Authority, so they don't really come into contact with the Prudential Regulation Authority, which is primarily concerned with the soundness of insurers, ensuring protection for policyholders.
Interview: Ross Barrington, Markerstudy
Ross Barrington was recently appointed managing director of retail at Markerstudy. Will Kirkman sat down with him to discuss what lies ahead for him and the group.
Biba confirms active role in IDD consultation
The British Insurance Brokers’ Association said it will play an active role in the consultation over the UK implementation of the insurance distribution directive.
Solvency II safeguards mean no need for EU rule change
The safeguards provided by Solvency II mean that a new EU framework on recovery and resolution for insurers is not required, according to Insurance Europe.
Crawford & Company reports improved financial results for 2016
Crawford & Company has reported improved financial results in 2016 with a net income attributable to shareholders of $36m (£28.9m), up from a net loss of $45.5m in 2015.
Hiscox shortlists two locations for post-Brexit base
Lloyd’s of London underwriter Hiscox said it has shortlisted two European Union countries and was in talks with regulators to set up a new insurance base to continue servicing clients after Britain leaves the EU.
QBE appoints McMillan as COO
Sydney-headquartered QBE has appointed former CEO of Aviva Europe and chairman of global health insurance David McMillan as group chief operations officer.
QBE announces A$1bn share buyback after 2016 profit increase
Australian global giant QBE has seen its share price climb after posting its 2016 group performance today.
Skuld Copenhagen sees leadership change
Krester Krøger Kjær has taken over as head of Skuld Copenhagen, replacing Helle Lehmann.
Blog: Usage-based insurance, an untapped opportunity
The growing usage-based insurance market is an opportunity for insurers, but there are some barriers yet to overcome.
Swiss Re CUO to step down
Swiss Re’s Matthias Weber is to step down as group chief underwriting officer.