Europe
Cedants less likely to transfer business to reinsurers, says AM Best
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
Munich Re's profits fell 3% in 2014
Reinsurance giant Munch Re's chief financial officer heralds 'robust earnings strength' despite a fall in profits for 2014 and a drop in property and casualty volume at renewals.
Q+A: De Ferrieres' Asia digital start-up
Matthias de Ferrieres left Axa last year to set-up Stark Group, a digital start-up insurance firm, based in Singapore. Post asked his aims.
RSA moves Slingsby to new role
RSA has appointed Steve Slingsby as operations and change director for global specialty lines UK.
EU Commission approves Flood Re
The European Commission has agreed that Flood Re does not violate rules on state aid by seeking to ensure the availability of low cost flood cover.
Novae makes cyber hire from AIG
Lloyd’s insurer Novae has appointed James Creasy as class underwriter at its cyber division.
Axis Capital and Partner Re agree £7.3bn merger
Axis Capital and Partner Re have agreed terms on a £7.3bn ($11bn) merger to create one of the largest reinsurers in the world.
Europe: Investing in creating digital value
Accenture's Roy Jubraj and Thomas Meyer examine how European insurers can create effective digital transformation strategies.
Europe, the next frontier for e-accounting....
XL Group's Simon Squires shares insights from the company's work with the Ruschlikon Initiative, which aims to make e-accounting more widely used within insurance.
C-Suite - Broker: Staying local in a global market
What is the future for Lloyd’s brokers within the international hub model adopted by Lloyd’s?
1500 jobs at risk if Aviva's Friends Life acquisition is finalised
If shareholders agree to Aviva's acquisition of UK life insurer Friends Life then 1500 jobs are likely to be made redundant.
Solvency II Delegated Acts brought into force
The Solvency II Delegated Acts were entered into force on 18 January in a move Insurance Europe has called an important step forward in the implementation of the regulatory regime.
R&Q completes transfer of Danish marine business
Randall & Quilter has completed the portfolio transfer of Tryg Forsikring AS's discontinued marine business to R&Q Insurance (Malta), the group's EU run-off consolidator.
QBE's outlook revised to stable
Australian (re)insurer QBE's ratings outlook has been upgraded after taking a number of capital measures.
Europe: Q&A with German risk managers
Walter Minnik speaks to German risk managers Christian Boehm of Freudenberg Group and Lutz Kalkofen of Hochtief, about current issues surrounding the European market
International conflicts biggest threat to global stability
The biggest threat to the stability of the world in the next 10 years comes from the risk of international conflict, according to the 10th edition of the Global Risks report published by the World Economic Forum.
Insurers' investment incomes at risk from Eurozone deflation
UK general insurers' investment incomes are in danger of being impacted by current Eurozone deflation that could hamper firms' overall results, according to industry experts.
C-Suite - MGA: 2015: Back to reality
A new phase of uncertainty kicks off 2015 with more woes in the Eurozone and a looming general election
XL's £2.79bn Catlin takeover confirmed
XL Group's acquisition of Lloyd's heavyweight Catlin has been confirmed in a note to the London Stock Exchange valuing Catlin at £2.79bn.
AIG's European CFO exits
AIG’s chief financial officer for EMEA Tom Colraine has retired after seven years with the company.
Climate: How does climate change cause food insecurity and conflict?
As weather patterns change and temperatures rise, issues such as climate-induced food insecurity are destined to become an increasingly important driver of conflict and social unrest
Canopius recruits from Delta Lloyd for renewable energy team
Canopius has unveiled a new renewable energy division following the recruitment of a team of specialists from Delta Lloyd.
Soft reinsurance market fueled by low 2014 cat losses
Declining catastrophe losses in 2014 has been cited as a major factor behind the softening rating environment at the January renewal period, according to global reinsurance broking players.
European insurers paid out £2bn per day through 2013
Insurers across Europe paid out an average of £2bn (€2.6bn) every day in claims and benefits through 2013, according to new figures from the European Insurance and Reinsurance Federation.