Europe
JLT hires new Nordic head from Guy Carpenter
JLT Re has appointed Anna-Karin Toresson as head of its property and casualty reinsurance business for the Nordics.
Norwegian model is not acceptable alternative to EU membership, ABI warns
The UK would suffer if it swapped European Union membership for a ‘Norwegian model’ of equivalence, the director general of the Association of British Insurers has warned.
Euro 2016: Belgium v Italy engineering industry match-up - Final score 3:3
Belgium is meeting Italy in the group stage of the Euro 2016. But how do both countries compare in terms of engineering industry performances and trading risks?
Euro 2016: Spain v Czech Republic chemicals industry match-up - Final score 4:3
Spain is meeting the Czech Republic in the group stage of the Euro 2016. But how do both countries compare in terms of chemicals industry performances and trading risks?
Euro 2016: Wales v Slovakia automotive match-up - Final score 4:4
Wales is meeting Slovakia in the group stage of the Euro 2016. But how do both countries compare in terms of automotive industry performances and trading risks?
Euro 2016: England v Russia ICT industry match-up - Final score 4:2
England is meeting Russia in the group stage of the Euro 2016. But how do both countries compare in terms of information communications technology industry performances and trading risks?
Zurich to bring life and non-life units together as Greco restructures senior management
Global giant Zurich is bringing its non-life and life businesses closer together with several senior management changes.
Proposed changes to key EU motor directive praised but work continues for industry
The European Commission's third option to change the definition of vehicles in the Motor Insurance Directive is the UK industries preferred option but lobbying by trade bodies needs to continue to ensure this outcome.
Euro 2016: France v Romania construction match-up - Final score 2:3
France is meeting Romania in the group stage of the Euro 2016. But how do both countries compare in terms of construction performances and trading risks?
Europe: Solvency II - six months in
As Solvency II is entering its sixth month of implementation, our bloggers take a look at its impact on the industry. How are insurers coping with the new financial, governance and reporting requirements?
Blog: Solvency II accelerates competitive rethink
We're now a number of months into the Solvency II regime and the sky hasn't fallen in. But the scale of the compliance demands is providing fresh fuel to the debates within many businesses about whether they could compete more effectively without the…
EC looks to define 'motorised vehicles' in MID to solve Vnuk exemptions
The European Commission is considering reviewing the definition of motorised vehicles in the Motor Insurance Directive to help avoid the need for vehicle exemptions following the Vnuk ruling.
European non-life sector profits under pressure as competition increases, says Moody’s
As interest rates are anticipated to remain low, ratings agency Moody’s says underwriting will need to be the focus as investment income faces increasing challenges.
Floods in Germany and France claim lives
Heavy storms and flash flooding have seen four people die in Germany and one in France as flood waters swept through the region.
Europe: Insurers need to prepare for the Audit Directive
Time is running out before implementation of the European Union Audit Directive and Regulation on 17 June
Munich Re subsidiary to axe around 1,800 jobs in Germany amid 'brutal' cost cutting
Munich Re’s primary insurance group, Ergo Group, has announced plans to lower its cost basis and inject a total net figure of €1bn to 2020, but 1,800 jobs will go as part of the changes.
Martin Senn, former CEO of Zurich, dies at 59
Zurich's former global CEO Martin Senn has died after committing suicide last Friday (27 May) according to his family.
Munich Re's Ergo buys 40% stake in Thailand insurer
Munich Re-owned insurer Ergo has agreed to buy a 40.3% stake in Thailand-based Thaisri Insurance for an undisclosed sum.
Gable sale on the table as full Solvency II compliance deemed ‘not possible’
Unrated insurer Gable Holdings will launch a full strategic review following an assessment of its Solvency II capacity, a move likely to result in a “fundamental restructuring”, according to a statement to the stock exchange.
Europe: Unclear skies for drones
Civil drones are taking off in a big way, with high-flying commercial potential, but machines invading airspace and pointing cameras at the homes of celebrities have prompted calls to clip their wings
Motor Insurance World 2016: Biba expects EU decision to mitigate Vnuk
Graeme Trudgill, the executive director of the British Insurance Brokers' Association, says he expects the European Union to soon come up with a new definition of "vehicle" that will close the Pandora's box opened by the Vnuk ruling.
IBIS 2016: Caliber Collision leaves door open for possible European entry
Caliber Collision has refused to rule out an emergence into the European collision repair market as it continues to ramp up acquisitions in the US, delegates were told at the IBIS Global Summit 2016.
Vienna Insurance Group reports 97.8% COR but profits down
A low interest rate environment put pressure on the financials at Vienna Insurance Group, with profit before tax in Q1 2016 down 22.5% to €101.5m (£77.6m 3M 2015: €130.9m).
Chubb reveals new proposal for European brokers in SME space
Brokers can access a quicker service for SME clients through Chubb’s new easy solutions offering, with quotes issued within 24 to 48 hours following a request.