Europe
Europe: A CIVETS hedge?
There is currently a lot of hype about the so-called CIVETS - Columbia, Indonesia, Vietnam, Egypt, Turkey and South Africa. These are countries with young populations and plenty of economic potential, so should these be the hunting grounds for European…
Ferma 2015: Ferma to forge relationship with systems provider Axco
The Federation of European Risk Management Associations is to partner with Axco Insurance Information Services to give its member associations access to Axco's database of global regulatory requirements.
Ferma 2015: Ferma appoints first CEO as Bindelle exits
The Federation of European Risk Management Associations has appointed Typhaine Beaupérin as its first CEO following the departure of executive director Florence Bindelle.
Ferma 2015: Lloyd's and Ferma to launch ‘masters' training programme
The Federation of European Risk Management Associations and Lloyd's today (6 October) launched the third edition of their joint professional development programme, including a masters' day for experienced risk managers.
Allianz and Axa are leading the global brand competition
Allianz and Axa are the only insurers in Interbrand's annual top 100 best global brands for the second year running.
Charles Taylor subsidiary to sell Bestpark holding
Charles Taylor subsidiary LCL Acquisitions has entered into an agreement to sell its holding in Bestmark International to Ashbrooke Financial Group.
Regulators agree capital requirements for world's nine largest insurers
The world's largest insurers will need to ensure they are holding more capital after a G20 Financial Stability Board-sponsored assessment.
SMEs' concerns over competition increasing, Zurich research finds
Small and medium-sized enterprises globally are increasingly concerned about the impact of competition on margins and a lack of consumer demand, according to Zurich's third annual global SME survey.
Vincenz takes up post as Helvetia chairman
Pierin Vincenz has today (1 October) taken up the role of chairman of the board of directors at Helvetia group.
Ageas eyes Indonesia after Hong Kong sale
Ageas CEO Bart de Smet has said the insurer is interested in expanding in Asia's less developed markets.
D&O insurers facing VW payout as emissions scandal rumbles on
The increased use of technology in motor vehicles has been highlighted as a grey area in determining where product liability falls, in light of the Volkswagen emissions scandal, which will likely see directors and officers' insurers on the hook.
Eurozone insolvencies to exceed 2007 level by 67% in 2016
Insolvencies in the Eurozone are 75% higher in 2015 than they were in 2007 with trade credit insurer Atradius predicting they will remain 67% higher than the 2007 level in 2016.
Europe: Can insurers navigate the Arctic waters?
Insurers have traditionally been reluctant to underwrite Arctic shipping: the risks of injuries and pollution have been high and unpredictable.
Volkswagen's coverage questioned as £4.7bn is earmarked for emissions scandal
Volkswagen is unlikely to be able to rely on insurance to protect it from exposure relating to falsified US emission tests in particular diesel models of its vehicles, loss adjuster Cunningham Lindsey anticipates.
Argo Global hires senior underwriter for French push
Argo Global, the specialist European insurer and member of Argo Group, has appointed Gabriel Rodrigues as senior underwriter for professional lines, France.
UK motor market value set to decline over coming years
The real value of motor insurance markets in the UK and Italy are likely to decline over the next few years, as emerging Asian markets continue rapid expansion, according to Finaccord.
Zurich abandons RSA approach
Zurich has abandoned its bid to buy UK rival RSA after poor trading in its general insurance business.
Willaert to succeed Graham as Ferma president
The Federation of European Risk Management Associations has announced its 2015/2016 executive committee to be led by president Jo Willaert.
Europe: Russian insurance news roundup
The Russian insurance market grew by 2% over the first half of the year, increasing at a smaller rate than the number of complaints and sanctions against insurers.
Turkish market still overly reliant on underperforming motor says Fitch
The Turkish insurance sector's profitability remains driven by the performance of the motor insurance segment, according to a new report by Fitch.
Shipowners' Club agrees delegated authority arrangement with Swedish underwriter
The Shipowners' Club has entered into a strategic partnership with Swedish marine underwriting agency Svensk Assurans to offer a P&I product through a delegated underwriting agreement.
Swiss Re reveals £841bn shortfall in global property cover over past decade
In the past decade the total shortfall in insurance cover for global property risks was $1.3tn (£841bn) with only 30% of losses over that period covered by insurance, Swiss Re research has found.
Benign claims period leads to Skuld's £5.8m six-month result
Marine insurer Skuld has reported a $9m (£5.8m) half-year result and a combined operating ratio of 95%.
Gable supportive of new Liechtenstein GI entrants
Liechtenstein-based insurer Gable Holdings would welcome other general insurance companies entering the principality as it revealed it has spoken to the Liechtenstein regulator about companies interested in positioning themselves in the territory.