Europe
Closing Gibraltarian underwriter warns of SII pressures
The chairman of Gibraltarian underwriter Service Insurance Company said UK motor market pressures and the looming Solvency II deadline in 2016 led to the firm deciding it was not "economically sensible" to continue operating.
DfT and industry players discuss scope of Vnuk legislation
Industry leaders are working with the Department for Transport to determine if certain vehicle classes should be taken out of European Union legislation that expands the requirement for motor insurance, amid fears of a future claims influx.
International: Microinsurance: Starting small
How will the new microinsurance incubator launched by the World Economic Forum impact on lower-income communities, and what are other insurers doing to cater for this group?
PRA publishes final rules for Solvency II implementation
The Prudential Regulation Authority has published its final rules for implementing the Solvency II directive alongside a consultation paper on the application process for the volatility adjustment.
Europe: Natural catastrophes - more than storms in a teacup
‘Acts of God' were relatively benevolent last year, with insurers more stirred than shaken by reported losses.
Europe C-Suite: A judgment call - the PI market in Germany
The market for professional indemnity cover is growing in Germany - so how can insurers keep up with demand?
C-Suite: Risky business
Ace’s Toby Merrill outlines the risks of employees being allowed to access company data on their own devices.
Spanish MGA launches with Partner Re support
Spanish managing general agent Iberian Insurance Group has launched as part of a five-year commercial agreement with Partner Re Wholesale.
Lloyds' private equity house backs SSP management buyout
Lloyds Banking Group's private equity arm LDC is backing a £207m management buyout of technology house SSP.
Europe: Insurance IT developments in Eastern Europe
Central and Eastern Europe has in recent years established itself as a rapidly growing region within the insurance sector and is seen as an attractive market for local, regional and international players.
Charles Taylor Adjusting names Dutch partner
International loss adjuster Charles Taylor Adjusting has confirmed Lengkeek Laarman & De Hosson as its exclusive associate in the Netherlands.
Motor insurers: An uncertain future
Car manufacturers may be about to muscle in on motor insurers business, but it might not be all bad news for the sector
Report urges EU policymakers to boost insurance access
Trade body Insurance Europe is urging policymakers to contain the cost of regulation in order to make insurance more accessible and reduce state dependency in a time of loss.
Zurich group reports stable £3bn operating profit
Zurich reported a group general insurance business operating profit of $2.89bn (£1.9bn) for the year ended 31 December 2014 which equated to 50% of its overall business operating profit.
Sompo acquires 7.8% stake in Scor
Sompo Japan Nipponkoa Insurance has acquired a 7.8% stake in French reinsurer Scor.
Travelers Europe promotes COO Wilson to CEO
Travelers Europe chief operating officer Matthew Wilson has been appointed CEO for the business.
Europe C-Suite: Making it happen for International Women's Day
RSA's Melanie Steel on why more needs to be done by the global insurance industry to attract women into the sector.
Europe: Is Lloyd's losing its global influence?
A study published last year revealed Lloyd's was losing its crown as a global hub and failing to capture market growth. So what does the London Market need to do to rectify this?
Political Interview: Ian Swales: Make your voice heard
In the third of Post’s political interviews, Liberal Democrat Treasury spokesman Ian Swales speaks out on the importance of the European Union and why the insurance industry must learn to shout
Claims Club: Next government must address young driver issue
The insurance industry has a "friend" in Europe in the shape of Lord Jonathan Hill, the EU commissioner for financial services and capital markets, no matter what happens in May.
RK Harrison and Hyperion seal merger agreement
The long awaited merger between RK Harrison and Hyperion has been agreed between the two brokers.
Former AIG and MetLife CEO Benmosche passes away
Robert Benmosche, former CEO and president of AIG, has passed away at the age of 70 after suffering from lung cancer.
Insurance sector needs 'reinvention' according to customer survey
The insurance sector must "reinvent" itself to catch up with the demands of modern consumers, specifically those members of the technology savvy Generation Y, according to a report from Capgemini.
Charles Taylor agrees deal to buy The Strike Club
Charles Taylor has announced that it has entered into an agreement to acquire three of the operating companies of SC Management, the independent, dedicated management companies of The Strike Club.