Europe
Gable needs £58.7m capital injection
Gable needs to provide £58.7m in order to meet its Solvency II requirements, according to its administrator.
Zurich's Q3 global profits bounce back to $1.2bn
Global insurer Zurich registered 2016 third quarter operating profits of $1.2bn compared with $256m in Q3 2015.
Data protection: The cost of hacks set to climb
The hefty fine levied against Talk Talk for failing to protect its customers' data will pale in comparison to the maximum penalty regulators will be able to hand out in less than two years.
Munich Re's Q3 profits rise 31%
Reinsurance giant Munich Re has seen its profits climb 31% in the third quarter of 2016 compared with the same period last year.
Enterprise issued thousands of policies without authorisation
Enterprise Insurance wrote 10,000 UK roadside assistance policies in the UK without authorisation.
RSA on track to meet 2016 profit expectations
UK-headquartered insurer RSA saw overall net premiums rise 6% on an underlying basis in the first nine months of 2016 compared with the same period last year.
AIG reports £500m exposure for accident victims
In its third quarter 2016 results global insurer AIG has been impacted by rising payouts to accident victims for US policies written prior to 2010.
All aboard the Brexit rollercoaster
There is a touching stubborn optimism in the insurance industry about where the Brexit negotiations might lead, although it is rather like one of those fixed smiles that it gradually becomes harder to sustain with any degree of conviction.
Gable needs further capital to stave off insolvency, administrator warns
The administrator responsible for Gable has requested a further capital injection in order for the company to remain solvent.
Telematics growth likely to be slow in Germany
The growth of telematics car insurance policies is likely to be slow in Germany because of limited interest from both insurers and customers, in contrast to the UK’s growing market.
Axa completes Sun Life sale to Phoenix Life
Axa has completed the sale of its UK life and savings businesses.
Enterprise deficit nine times larger than predicted
Failed Gibraltar insurer Enterprise had a total deficit of £96.4m, almost nine times more than the original estimate of £11m.
The rise and fall of Gable – where does this leave brokers?
The Liechtenstein-based insurer entered administration last month
The secret battle at Lloyd's: Forgetting your Names
The capital provided by Names at Lloyd’s has fallen from 100% to just 10% – are we seeing the end of a long tradition?
Insurance Europe sets out demands for IPID
Insurance Europe has published an insight briefing urging the European Insurance and Occupational Pensions Authority to simplify the insurance product information document.
Fadata increases investment in Nordic region with new Stockholm office
Fadata has decided to increase its investment in the Nordic region through the launch of its new office in Stockholm.
State of the Broker Nation: Regulation
In the second part of Post’s research, brokers talk candidly to Michèle Bacchus about the British Insurance Brokers’ Association, the Financial Conduct Authority, the government and the European Union
QBE's Richard Pryce on why the insurance industry must seek certainty on Brexit
We all planned for it but it’s fair to say that few among us believed we would actually have to execute our Brexit contingency strategies.
Gibraltar launches ‘major investigation’ into Enterprise board
Gibraltar will launch a “major investigation” into whether Enterprise Insurance misled its financial watchdog over its financial position.
Bollington to transfer 3500 policies affected by Enterprise
Bollington Underwriting will block transfer 3500 policies affected by the Enterprise collapse to a new provider.
FSCS starts refunding motor premiums of Enterprise customers
The Financial Services Compensation Scheme will refund motor policies for customers affected by the Enterprise collapse from today.
Legal & General is top insurer for shareholders
Legal and General is the world's top value creating insurer for shareholders, according to a new report.
FSCS will protect policyholders of Liechtenstein insurer Gable
The Financial Services Compensation Scheme said it will protect consumers affected by the Gable administration, should the firm become insolvent.
Zurich's Karl Helgesen to replace RSA's Bill Paton as claims director
RSA’s Bill Paton is to step down as claims director for the UK, Western Europe & Middle East at the end of April 2017. He will be succeeded in the role by Zurich's Karl Helgesen, pictured.