Europe
Principal to boost motorcycle offering with Tansar deal
Principal Insurance has teamed up with non-standard motor underwriter Tansar to add to its motorcycle insurance offering in Ireland.
Standard Club expands Nordic footprint with MGA venture
The Standard Club has increased its footprint in Scandinavia by launching a Managing General Agency joint venture with Oslo-based Lloyd’s approved marine insurer Hydor AS.
Brokerslink expands base with private stock offering
Brokerslink has completed a private stock offering to take its base of shareholders to 55 members in 40 countries.
Europe: Berating the ratings
Fitch Ratings caused a stir when it criticised the Insurer Financial Strength ratings issued by one of its main rivals, AM Best.
AIG in £195m sale of assets to Fairfax
AIG will sell its Latin American and Central and Eastern European operations to Fairfax for £195m.
Hard Brexit puts £7.3bn of London premiums at risk
More than £7.3bn of premium in the London market will be potentially affected by a change to passporting arrangements following Brexit.
Aon rolls out earthquake risk model for Iceland
Aon Benfield has launched a new catastrophe model to better weigh the risk of earthquakes occurring in Iceland.
Italian government extends funding to fix damage cause by quake
Damages caused by the recent earthquake in Italy will be paid out by the state, the Italian government decided earlier this week.
Bupa opens office in Switzerland
Bupa has opened a new office in Zurich in order to cater to the growing expatriate base in Switzerland.
Brexit raises health and safety law questions
Some health and safety rules might come under review after Brexit but excessive deregulation could have an impact on fatalities and insurance premiums.
Gable administration was 'inevitable', say brokers
Brokers have described Gable’s administration as “inevitable”, with those who still hold policies with the troubled Liechtenstein insurer being advised to immediately find new cover.
Pool Re launches international terrorism risk body
Pool Re has launched the International Forum of Terrorism Risk Reinsurance Pools.
Aggregator websites now 'significant' distribution channel in Europe
Price comparison websites are now a “very significant” distribution channel for car and home insurance across Continental Europe.
Insurers still open to Calais route for hauliers
Migrant activity on the Calais to Dover route has increased costs for hauliers but its insurance consequences are not clear: some observers are reporting premium rises, which others are denying.
Sompo reaches agreement with Endurance's board for $6.3bn acquisition
Japanese property and casualty insurer Sompo Holdings has agreed to acquire Bermuda based P&C insurer Endurance Specialty for $6.3bn (£4.96bn) or $93 a share.
Startup Bootcamp partners with Talanx
Startup bootcamp Insurtech has brokered a partnership with German insurer Talanx.
Irish insurance bosses focus on M&A deals despite economic challenges
Nearly a fifth of Irish insurers are looking to acquire or merge with a competitor, a survey of insurance CEO's has found.
Week in Post: Moving house, losing trust, and diversity
Having recently moved from the outskirts of London to Somerset to increase my rebellious teenage son's chances of staying at school, I now understand why Londoners might be considered slightly arrogant.
Gable CEO Dewsall lambasts "devastating" Solvency II as Brexit blamed for £2.3m loss
The chief executive of Gable Holdings has described the impact of Solvency II as “devastating” and that it had rendered its business model “obsolete”.
Insurance industry could face a 'talent block' following Brexit, Linked In warns
The insurance industry could face a severe talent block following Brexit, data from Linked In has shown.
R&Q acquires legacy book from Belgian insurer
Randall and Quilter has taken on a portfolio of legacy exposures from Aviabel.
French regulator to 'speed up' licensing for UK firms following Brexit vote
The French stock market watchdog will simplify licencing procedures for UK businesses considering relocating to France following the Brexit vote.
The Hanjin insolvency and its insurance implications for the logistics market
Four weeks into the insolvency of Hanjin Shipping, the movement of billions of dollars of container cargoes on board Hanjin vessels, or stuck in port container yards, remains in limbo while the logistics chain - traders, freight forwarders and carriers -…
Zurich's David Roberts on why risk never sleeps
Interconnected threats call for new skills beyond insurance procurement