Europe
The Standard Syndicate increases reach Scandinavia
The Standard Syndicate 1884 has extended its distribution into Scandinavia, appointing Hydor AS as a Lloyd’s coverholder.
Europe: Russian insurance market, preliminary 2015 results and 2016 forecasts
Post asks experts at the Central Bank of Russia to share their views on how the domestic insurance market fared in 2015, and their predictions for the coming year.
DWF to acquire German law firm Bridgehouse Law
Defendant law firm DWF is to acquire German international commercial firm Bridgehouse Law on 1 January 2016.
GAP product to go to market via Maltese PCC
Maltese protected cell company Building Block will partner with UK-based broker Nova Insurance to provide a new guaranteed asset protection (GAP) product.
Incoming Zurich CEO advised to 'regroup' as possible Senn successors are mooted
Zurich's next global CEO must focus on improving the company's property and casualty underwriting performance, with commentators pitching Mark Wilson and Tom Bolt among the front runners for the insurer's top job.
European Council adopts insurance distribution directive
The European Council today (14 December) adopted a directive establishing new rules on insurance distribution designed to improve consumer protection for insurance products.
Lockton grows marine presence with Italian and Singaporean investments
Broker Lockton has expanded its marine and protection and indemnity business by acquiring Genoa-headquartered Italian broker PL Ferrari & Co.
Europe: What's driving telematics growth
Alongside North America, Europe so far represents the vast majority of all insurance telematics policies, with Italy and the UK leading the pack.
Changes to insurance contracts standard proposed after insurer concerns
The International Accounting Standards Board has today (9 December) published proposals to amend the existing insurance contracts standard, IFRS 4, after concerns were raised about implementing two significant changes in accounting on different dates.
Kennedys expands in Scandinavia with merger and associations
Law firm Kennedys is expanding its international reach in Europe through agreements with three Scandinavian firms, which come into effect from 1 January 2016.
EU parties agree cybersecurity legislation
Negotiators of the European Parliament, Council and Commission have agreed on the first European Union-wide legislation on cybersecurity.
DWF opens Brussels office
Law firm DWF is opening an office in Brussels to provide greater competition and regulatory support to its global insurance clients.
RSA sells entire stake in Russia division
RSA has sold its 75% stake in general insurer Intouch Insurance in Russia.
Ironshore firming up presence in Europe
Ironshore International is expanding into Europe, opening an office in Cologne.
Q&A video: implications of the Vnuk case on UK motor market
Following the European Court of Justice ruling in the UK government will very soon have to change the rules about what risks are covered by compulsory motor insurance law.
Aon appoints Tunnicliffe as UK risk management boss
Aon Risk Solutions has appointed Andrew Tunnicliffe as CEO of its UK operation replacing Jim Herbert who will take on the role of Europe, Middle East and Africa chief development officer.
Cybercrime threat overlooked by majority of SMEs
Concern over cybercrime exposure is rising among SMEs but the rate is still low, with just 8% of firms worried about such attacks and 17% thinking they're too insignificant to be targeted.
Europe: Cyber thieves - the nightmare before Christmas for insurers
The nights are drawing in, Christmas is coming, and retailers are getting fat on the back of Black Friday and Cyber Monday, which have boosted annual high street sales this year to record levels.
Aon and Scor develop French flood model
Aon Benfield has developed a French flood scenario model in partnership with reinsurer Scor to better prepare for the potential cost of a flood impacting the country's major cities.
Career File: Senn steps down as Zurich's global CEO
Martin Senn, Zurich's global CEO, has reached an agreement with Zurich's board to leave the company.
Climate change core to Allianz business model
Allianz will make climate change a core part of its entire business portfolio, with investments to be analysed using 37 criteria including greenhouse gas emissions and energy efficiency.
Analysis: The explosive risks of mis-declared cargo
The explosions at China's Tianjin Port on 12 August brought home the fatal consequences of improperly storing dangerous cargo.
Allianz's internal SII model gets regulators' approval
Allianz Insurance, as part of the Allianz SE group, has gained regulatory approval to implement an internal model to calculate capital requirements under Solvency II.
Icahn seeks shareholder support for AIG breakup
AIG has said it would not "make financial sense" to break up the insurer after renewed pressure from activist investor Carl Icahn.