Europe
Nine out of 10 Hanjin container claims handled by Cunningham Lindsey
Nine out of 10 container claims from the collapse of the Hanjin Shipping line are being handled by loss adjuster Cunningham Lindsey.
Helvetia adds two members to executive management
Adrian Kollegger and Achim Baumstark will join Helvetia Group as head of non-life Switzerland and chief technology officer, respectively.
Zurich acquires Australian travel group Cover-More for A$741m
Insurance giant Zurich is aiming to become a top three global travel insurance provider after an agreement to buy Sydney-headquartered group Cover-More for A$741m (£439m).
European insurers concerned with EU services card proposal
Members of the European insurance sector have expressed concern on plans to introduce an EU services card.
Concerts: Music to the ears of contingency insurers
The renaissance of live music events is fuelling opportunities for contingency insurers worldwide.
Perils provides first estimate for damage from October's Italy earthquakes
Catastrophe data firm is estimating Italy's property insurers will suffer €31m (£26m) of damage from October's Central Italy earthquakes.
Lloyd’s announces potential post-Brexit strategies
Lloyd's said setting up a single European Union subsidiary or a network of branches across several EU countries are two potential post-Brexit strategies if passporting rights cannot be maintained.
Time running out for Gable motor and EL policyholders to find alternative cover
Motor and employers' liability policies underwritten by Gable will expire in two weeks, the Financial Services Compensation Scheme has warned.
Irish Insurance trade bodies to merge in anticipation of post-Brexit rush
Two of Ireland’s insurance trade bodies are planning to merge as the country prepares for an influx of business from the UK post-Brexit.
Ford to test autonomous cars on European roads
Ford is to begin testing autonomous cars on European roads in 2017.
Axis buys aviation specialist Aviabel
Bermuda-headquartered specialty (re)insurer Axis has reached an agreement to buy Brussels and Amsterdam based (re)insurer Aviabel.
Irish regulator boosts staffing levels ahead of predicted post-Brexit insurer exodus
The Central Bank of Ireland, which acts as the country’s insurance regulator, has increased staff levels by over 25% ahead of an expected influx of UK insurers post-Brexit.
Perils revises August Italy earthquake property losses
Insurance catastrophe market data firm Perils has increased its estimate of property insurance losses for the 24 August Central Italy earthquake.
Europe: Data analytics could relieve whiplash pains
The whiplash reforms intended to reduce fraudulent claims in the UK may cap or scrap cash compensation for minor injuries. What effect will this have for claimants and insurers? A European comparison can provide greater insight.
Generali to sell off €1bn of assets by 2018
Italy's biggest insurer Generali is looking to leave unattractive markets in a bid to generate €1bn, the firm announced ahead of an investor day meeting this morning.
CEO Davies leaves Sompo Canopius
Stuart Davies is stepping down from his role as group CEO at global specialty (re)insurer Sompo Canopius with immediate effect.
Global tourism boom to spur purchasing of travel policies
Total travel insurance premiums are expected to grow 8.5% a year between 2016 and 2022 according to data from global firm Allied Market Research.
Gable policies will expire in a month, FCA warns
Policies with Gable will automatically be cancelled in less than a month’s time, the Financial Conduct Authority has warned.
FSCS declares Gable in default
Gable has been declared in default by the Financial Services Compensation Scheme.
AIG to move European HQ out of London following Brexit vote
AIG could move its European headquarters from London to an EU country, following the referendum result.
VIG sees 88.4% rise in Q3 profits
Vienna Insurance Group has seen an 88.4% rise in pre-tax profits in the third quarter of the year.
Gable turns on administrator over ‘illegal’ shareholder meeting
Gable said it was “illegally” denied voting rights at a shareholders meeting, in which a petition to wind up the company was passed.
Hiscox appoints Justin Bowen as Europe chief underwriting officer
Hiscox has appointed Justin Bowen as chief underwriting officer for its European operations.
Scandinavian Gable policyholders not protected by government schemes
Scandinavian policyholders will not be protected by government guarantee schemes if Gable is declared bankrupt.