Europe
Dutch insurers facing 20% bonus cap
The Dutch government is weighing measures on remuneration that could force insurers to limit bonuses to 20% of fixed salary for all employees.
58% of British drivers unsure of EEC coverage
Almost two-thirds of British drivers don’t know if they are covered to drive in the European Economic Community, or believe that they are not covered according to a survey by Be Wiser.
Polish regulator KNF to look at conflicts of interest
The Polish regulator's focus on insurance is shaking up the sector, reports Iain Batty
War risks market faces 'substantial rate increases' in wake of MH17 loss
The war risks market is likely to experience “substantial rate increases” following the total loss of Malaysia Airlines flight MH17, according to a report by AM Best.
First half catastrophe losses 19% below 10-year average
Insured catastrophe losses for the first half of 2014 were $22bn and around 19% below the 10-year average of $27bn according to catastrophe modelers Impact Forecasting.
One in five holidaymakers risk traveling uninsured
Travel insurance helps over 4,300 people every week, yet one in five holidaymakers risk traveling without it, according to new data from the Association of British Insurers.
Guy Carpenter appoints head of EMEA & international P&I
Guy Carpenter has appointed Simon Smith as head of international protection and indemnity as well as overseeing the Europe, Middle East and Asia region.
Countries responsible for airspace safety, says Eurocontrol
Eurocontrol, a Brussels-based air safety organisation for Europe, said individual countries are responsible for airspace restrictions.
173 Dutch nationals thought dead on stricken Malaysian plane
Out of 283 passengers and 15 crew on board flight MH17, a crashed Malaysia Airlines Boeing 777, 173 were Dutch nationals according to reports.
DLG reportedly in ‘advanced talks’ over German and Italian disposals
Direct Line Group is in advanced negotiations over the sale of its operations in Germany and Italy according a report from Reuters.
Hg Capital buys Lloyd's software provider Sequel
Private Equity firm Hg Capital has acquired Sequel Business Solutions, a software and services provider to the Lloyd's and London market, in partnership with the Sequel management team.
Guy Carpenter appoints de Haas to lead Benelux region
Guy Carpenter has appointed Roelant de Haas as Benelux region chief executive, effective 1 September.
Only 6% of insurance execs believe Solvency II costs are ‘reasonable’
A survey conducted by Grant Thornton has revealed that only 6% of insurance industry executives described the costs associated with Solvency II are "reasonable".
Ferma agrees risk manager certification scheme
The general assembly of the Federation of European Risk Management Associations has agreed a framework to create European certification for risk managers.
AmTrust offers premium savings to solicitors using risk reduction software
Solicitors who use risk mitigation software will be rewarded with discounts on their professional indemnity premiums under a new initiative by legal risk software house Lexsure and insurer AmTrust Europe.
European Space Agency funds satellite subsidence initiative
The European Space Agency has backed a Property Assure initiative to use satellites to study subsidence risks.
UK broker market sees rapid consolidation after AJG buying spree
The UK commercial non-life broker market is consolidating faster than its main European counterparts due to the recent acquisitions made by Arthur J. Gallagher, new research from Finaccord has shown.
Xchanging hires Oracle's Baker as MD for Xuber
Xuber, Xchanging’s insurance software business, has appointed Chris Baker, formerly a senior vice president of Oracle, as managing director of Xuber within Xchanging Technology Services.
Europe faces more than €2bn losses from June thunderstorms
An outbreak of severe thunderstorms in June caused over €2bn economic losses across Europe, according to Impact Forecasting, the catastrophe model development centre at Aon Benfield.
Europe: Unemployment insurance
With Eurozone recovery taking longer than expected, does the road to rehabilitation lie in a common unemployment insurance solution?
ING raises £1.1bn in NN Group float
ING Group has made £1.1bn from the flotation of NN Group, its European and Japanese insurance and investment management business.
Russian risk manager joins Ferma board
Four directors and one substitute are joining the board of the Federation of European Risk Management Associations.
Brokers told to explain their services to customers as disclosure decision looms
German transparency U-turn means mandatory commission disclosure is likely
International: Best Practices for EU Insurers Filing US ORSA Summary Reports
Kristi M Robles gives a few pointers on filing ORSA reports in different jurisdictions