Europe
Flood Re secures £1.29bn towards reinsurance target
Munich Re and Swiss Re are the leading reinsurers that have so far contributed to the £1.29bn yearly cover for the Flood Re scheme.
Space support for planned subsidence mapping tool
A UK-based service to assess the risk of subsidence using satellite observations and property data is a step closer following a study.
Collingwood receives PE backing to grow new product lines
Collingwood Insurance Company has confirmed private equity firm JZ International has become a majority investor in the business to help accelerate its growth plans.
Paris attacks to cost French economy up to $12bn
The deadly attacks in Paris on Friday night will cost the French economy between $9bn and $12bn over the next nine months, predicts Andrew Coburn, from the Cambridge Centre for Risk Studies.
Ryan Specialty Group acquires M&A specialist MGA
Chicago-based Ryan Specialty Group has acquired managing general agent Hunter George & Partners, which offers insurance solutions for mergers and acquisitions.
Cobra UK and Ireland finalises MBO
Insurance broker Cobra UK and Ireland has finalised a management buyout, with the company to trade under its previous name, UK and Ireland Insurance Services.
Helvetia concludes withdrawal from Belgian market
Swiss insurer Helvetia has completed the sale of its subsidiary Nationale Suisse Belgium and the two underwriting agencies owned by the latter to Enstar Group.
Garwyn Ireland and Associated Loss Adjusters to rebrand as Davies Ireland
Garwyn Ireland and Associated Loss Adjusters will trade as Davies Ireland with managing director of Garwyn Ireland Peter Haran to lead the new group.
Aviva primes Irish health business for possible sale
Aviva is examining its Irish health insurance arm for a potential sale, Post understands, but the plan is in an early stage and no decisions have been made.
Quinn Insurance managers subject to regulatory inquiry
The Central Bank of Ireland is to conduct an inquiry into former managers of Quinn Insurance who it has "reasonable grounds" to suspect were involved in breaches of insurance regulations.
Europe: Ready for schemes
Schemes business is booming in the UK, but what of the European market?
Generali Innovation Challenge winner revealed
Generali Group, in collaboration with Microsoft, has announced the results of the first Generali Innovation Challenge, a project dedicated to start-ups responding to insurance-related challenges through innovative new ideas.
Munich Re hit by €175m Tianjin loss
Munich Re said it expects a net exposure of €175m (£125m) for the explosion in the Chinese port of Tianjin.
Axa Philippines expands into P&C with acquisition
Axa Philippines has bought Charter Ping An from GT Capital as it extends into property and casualty insurance.
Insurance Europe report details widely ranging continental claims payouts
The cost of motor insurance claims varies widely across Europe, according to a report released by Insurance Europe, the European insurance and reinsurance federation.
Generali sees premium income climb to €54bn
Italian insurer Generali has reported a 5.1% increase in gross written premiums for the first nine months of 2015, taking the figure to €54bn (£38bn).
Europe: Motor is a disparate market, with a future
It might surprise people in richer European countries, but an important part of claim payments on compulsory motor third-party liability policies in Latvia is used to pay for funerals.
M&A activity leading to rise in warranty and indemnity insurance players
Law firms are increasingly recommending businesses take out warranty and indemnity insurance during the M&A transaction process leading to several brokers and underwriters entering the market, according to Lockton Companies.
UK, Turkey and Malta spur Mapfre growth
Spanish insurer Mapfre has posted a 46% increase in insurance premium revenue across Europe for the first nine months of 2015.
Self-Driving Vehicles: Key to success
It is only a matter of time before fully automated vehicles start appearing on our streets. How can insurers help manage the transition with liability products?
Generali joins three-year earthquake risk project
Generali has teamed up with the Abdus Salam International Centre for Theoretical Physics to carry out a three-year project to study and analyse earthquake hazards and seismic risk mitigation.
Tax costs could rise for UK insurers after European Commission cancels review
An ongoing review abandoned by the European Commission on Wednesday (28 October) could increase the tax burden for UK insurers.
Vienna Insurance Group completes Baltikums deal
Vienna Insurance Group has completed the acquisition of Latvian insurer Baltikums after receiving regulatory approval.
Aviva UK & Ireland Q3 COR improves to 92.8%
Aviva UK & Ireland has reported an improved combined operating ratio for the first nine months of 2015 - 92.8% from 94.2% in the same period last year.