Europe
Applied Systems expands Irish presence with Relay acquisiton
Applied Systems has acquired Relay Software, as part of the expansion of its international footprint and presence in the UK.
Munich Re CEO confident on pricing after increase in catastrophes
Nikolaus von Bomhard, Munich Re's CEO, has said reinsurance prices are bottoming out based on July's renewals.
Natural catastrophes hit Munich Re's first half profits; CEO warns on Brexit
Reinsurer on track despite Munich Re's 24.4% first half operating profit fall to €1.4bn (£1.2bn) compared with €1.9bn in H1 2015.
RMS director warns stop the "guessing game" over global port exposure
A report from the global risk management firm RMS on the global ports most exposed to natural catastrophes has some surprising findings.
Weather events reduce Allianz's Q2 P&C global profits by 37%
German giant Allianz's second quarter 2016 global property and casualty operating profits declined 37% to €1.1bn (£933m) compared with €1.75bn in Q2 2015.
IUA at highest membership level for over a decade as two new members join from Norway and India
The International Underwriting Association has added two new members to its ranks, increasing its membership level to its highest in more than a decade.
Vienna Insurance Group aims for €400m profit in 2016 as it posts H1 results
Vienna Insurance Group has revealed consolidated profit before taxes of €200m (£168m) for the first half-year 2016.
Aviva's global profits jump 13%; GI COR rises
Aviva had a mixed first half to the year as its life insurance division performed well and its general insurance profits fell.
RSA posts strong global first half results as pre-tax profit grows 20%
RSA's turnaround under CEO Stephen Hester has continued in the first half of 2016.
Europe: Reinsurance trends in 2016 and beyond
Reinsurance and global risks are by nature linked, since the reinsurance business is all about risk. To better understand reinsurance trends a look at the global risk landscape is required.
Axa posts solid global first half results despite 'headwinds'
Axa's underlying profits were flat at €3.1bn (£2.6bn) in the first half of 2016 compared to the same period last year, with net income climbing 4% to €3.2bn.
AIG's global commercial premiums shrink 21% in Q2
AIG's shares climbed 2.5% in after hours trading after returning to profit in the second quarter of 2016.
Interview: Inga Beale, Lloyd's of London
Lloyd’s of London CEO Inga Beale sits down with Jonathan Swift to talk about Brexit, diversity and the need to modernise the market
Gable non-executive director Andrew Trott resigns
Gable non-executive director Andrew Trott has resigned from his post as the troubled insurer looks to streamline its board as part of an ongoing strategic review.
DIMA appoints David Stafford as chairman and Eddy Van Cutsem as interim CEO
The Dublin International Insurance and Management Association has appointed David Stafford as chairman, taking over from Marco Nuvoloni.
Can Zurich rebound from senior brain drain as Sharma and Martin join departee list?
Zurich was long regarded as consistency personified; a stable and calming force in an often turbulent insurance market. But in recent years, the Swiss giant has been hit hard by poor financial performance. To counter that, the company then introduced a…
Biba outlines its top 11 Brexit concerns in letter to senior MPs
The British Insurers Brokers’ Association has sent a letter to members of the government, setting out their member’s opinions on what should be considered as the UK heads towards exiting the European Union.
Glaser confident after "strong quarter" for Marsh
Global insurance broker Marsh had a solid second quarter of 2016.
Insurance Europe has doubts on services passport
Insurance Europe has questioned the ability of a services passport to ensure that a service provider is able to satisfy cross-border insurance obligations, in response to a European Commission consultation.
Europe: Impact of the Insurance Act on reinsurers
The Insurance Act is coming into force in two weeks and it will have a significant impact on reinsurers. Here is what they should watch out for in particular.
Natural catastrophe losses hit XL Catlin's Q2 profits
XL Catlin suffered $240.1m (£182m) of natural catastrophe losses in the second quarter of 2016 compared with $59.9m in the same period last year.
Hiscox could set up EU carrier following Brexit
Hiscox could set up a separate EU registered business if the UK loses access to the common market, the company’s CEO has said.
Cunningham Lindsey appoints Tobias Walter as managing director of German operations
Cunningham Lindsey has appointed Tobias Walter as managing director of its German operations. He replaces Dr Ulrich Mann.
Beazley looks to target EU business from Dublin as it seeks to extend reinsurance license
Lloyd's of London insurer Beazley is working to ensure its Irish reinsurance business gains access to the European market, even if Lloyd's loses its pass-porting rights.