Europe
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.
Shareholder Icahn calls for AIG split
Activist shareholder Carl Icahn has claimed AIG is "too big to succeed" and needs to be broken up.
The State of the Insurer Nation: Week Two: Politics and Europe
In the second of a five-part series covering the results of Post’s latest State of the Nation survey, Mairi MacDonald reports how politics, government policy and the UK’s position in the European Union is viewed by insurance CEOs and managing directors…
Europe: Navigating the European maze
The European Union is in a state of flux, with a new parliament elected and an overhaul of the commission adding to an already complex institution. Where does this leave the insurance industry?
C-Suite: Success in international markets demands strong cultural awareness
When considering international expansion, one thing is often overlooked, and yet it should be the number one priority for CEOs: the need to recognise and respond to local cultures and ways of doing business.
AIG appoints first global head of cyber
Tracie Grella, AIG's global head of professional liability, has become AIG's first global head of cyber for commercial lines.
XL Catlin hit by integration costs and Tianjin claims
XL Catlin's first full quarter of results as a combined company saw heavy integration costs and a huge bill for the Tianjin port explosion.
Insurers willing to take more investment risk in face of quantitative easing
Global insurers are taking on more investment risk in order to protect profit margins, according to a new survey by investment management company Black Rock.
Blanc to lead Axa Ireland as restructure continues
Axa UK will bring all of its insurance business under one leader with Axa Insurance CEO Amanda Blanc taking responsibility for Axa Ireland from 1 January 2016.
White Horse Insurance Ireland appoints Cega for emergency assistance
Assistance and claims provider Cega has been appointed to provide multi-lingual emergency assistance services for White Horse Insurance Ireland.
Europe: Half of GI companies fail to have a mobile-friendly website
Insurers risk losing internet traffic and customers if they fail to ensure their websites are mobile-responsive.
Volvo to accept full liability for autonomous vehicle crashes
Volvo Cars is to accept full liability whenever one of its cars is in autonomous mode, CEO Håkan Samuelsson has announced.
Northern European countries ahead of southern counterparts on SII readiness
Insurers in northern Europe are better prepared for Solvency II than those in the southern part of the continent, according to data specialist Silverfinch.