Europe
London company market income from overseas offices increases 10%
Insurance business written overseas subject to oversight by London operations accounted for £6.8bn of premium in 2013, a 10% increase on 2012, according to an International Underwriting Association report.
Marie-Louise Rossi: An obituary
Marie-Louise Rossi, who died last night at the age of 58, left a huge legacy for the London insurance market for which she acted as a powerful, persuasive advocate for over a decade while at the helm of the International Underwriting Association (IUA).
UK General hands claims boss Irish reins as it plots growth driven by internal capacity
Leeds-based insurer UK General has named claims director Nicola Sumner as its new director of Ireland for insurance, boasting a plan for expansion into Ireland backed by its own capacity.
Private equity eying larger EMEA insurance stake
Insurance firms across Europe, the Middle East and Asia are more focused on disposals than acquisitions as they look to shed non-core units and strengthen their market positions elsewhere.
Polish insurance market faces 'moderate' risk, says S&P
Poland's general insurance industry is benefiting from the country's "strong and competitive economy and good growth prospects", according to Standard & Poor's.
Compliance deemed top challenge for multinationals, finds Ace survey
Risk managers surveyed by Ace have highlighted compliance and regulatory issues as their greatest challenges in managing multinational insurance programmes.
Wheatley appointed CEO of Guernsey Finance
Dominic Wheatley, formerly at Willis, to replace outgoing CEO Fiona Le Poidevin on 1 December.
Driverless cars could be mandatory within two generations predicts Teradata chief
Autonomous cars will be the norm within two generations according to experts speaking at the Teradata Partners conference.
RFIB hires two from Willis to grow German business
RFIB Group has appointed Colin Pinder and Gary Blakesley as divisional directors to develop a predominantly German marine account.
C-Suite: Risk within an ERM framework
JLT's Craig Paterson argues that enterprise risk management needs to be aligned to the finances of a company.
Delegated Acts publication boosts confidence in Solvency II go-live date
Analysts say pillar three needs ‘significant’ resources as insurers behind on this
Furniture giant Ikea enters insurance market
Homeware retailer Ikea has entered the Swedish insurance market selling child and pregnancy policies with a trial of home insurance products planned for the coming weeks, according to reports.
One fifth of European insurers not using technology to fight fraud
More than half of European insurers using business analytics saw detected fraud increase by more than 4% year-on-year, according to research from software firm SAS.
Solvency II Delegated Acts published
The Solvency II Delegated Acts, published today, have been welcomed by Insurance Europe which says it is examining their impact on insurers and policyholders.
Europe: Q&A with Bart de Smet, Ageas
Ageas is committed to the UK's motor sector despite its volatility, according to group chief executive Bart de Smet, who adds that the firm is always keen to gain from consolidation elsewhere.
Brokerslink expands Eastern European and African footprint
Brokerslink has expanded its Eastern European and African presence and has announced the incorporation of its holding company.
Markel buying German travel broker MDT
Markel is to purchase Frankfurt-based managing general agent and broker MDT, which focuses on the German travel sector.
LV adds quads, trikes and buggies cover to Open GI
LV Broker’s highway quads, trikes and buggies product is now available on Open GI.
Generali announces double resignation
Italian insurer Generali has announced two resignations of top executives including group chief insurance officer Sergio Balbinot.
AGCS names Hirs as CEO as Booth retires
Allianz Global Corporate and Specialty is to promote chief financial officer Chris Fischer Hirs to chief executive as the insurer restructures following the retirement of Clement Booth.
Europe: Commission disclosure - disaster averted?
The Insurance Mediation Directive has been the subject of much conjecture in recent times. So what will the trialogue decide on - and what will the impact on insurers be?
Munich Re in director reshuffle for global marine launch
Following the appointment of John Wilkinson as head of global marine partnership, Dieter Berg has taken up a business development role for the new division.
Gable agrees deal with Norwegian SME trade body
Liechtenstein-based insurer Gable Holdings has partnered with a Norwegian trade association in a deal worth £15m GWP per year.
Insurers face major restructuring or increase in VAT after ECJ tax decision
European Court of Justice ruled that offshore entities should be subject to VAT