Europe
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
RSA unveils changes to global broker function
Former Benfield Group general counsel Derek Walsh will take over responsibility for RSA’s global broker sales with key relationship managers following the retirement of Paul Donaldson at the end of the month.
Q&A - Michael Butt: The impact of climate change
Some 67 insurance and reinsurance chief executives recently signed The Geneva Association’s Climate Risk Statement in Canada. Michael Butt, chairman of Axis and co-chair of the association’s extreme events and climate risk working group, comments on the…
Germany and Austria upgraded by Coface as European growth is forecast
The Eurozone is slowly recovering from a serious double-dip recession, with growth of 1.1% expected in 2014, according to credit insurer Coface's latest country risk assessment.
Munich Re's general insurance arm buys in Singapore
Ergo, a wholly owned subsidiary of Munich Re, has bought property and casualty insurer SHC Insurance for €66m ($90m).
Cost of workplace accidents 'unacceptably high' says Greek Labour Minister
Greece’s Labour Minister has called for greater investment in health and safety to tackle the high cost of workplace accidents across the European Union.
ING insurance IPO share price range gives value of €7bn
ING has set a pricing range for the sale of shares in its European insurance arm that indicates the business is worth roughly €7bn.
Marsh appoints non-exective director
International broker Marsh has appointed the CEO of the UK's Met Office John Hirst as non-executive director.
Eiopa consults on Solvency II guidelines
The European Insurance and Occupational Pensions Authority is seeking responses to a consultation on the first set of guidelines for Solvency II legislation.
Compton leaves KPMG to join Mapfre in China
KPMG's head of insurance consulting for Mainland China Tony Compton is leaving the consultancy to join Spanish insurer Mapfre's Chinese operations.
Europe: Emerging markets supply chain risks
Increasing use of emerging markets as global suppliers could pose challenges for insurers
Balbinot’s Insurance Europe presidency extended
The chief insurance officer of Generali will serve an additional year as president of Insurance Europe after a vote at the European insurance and reinsurance federation’s General Assembly in Malta.
RSA names Bergander permanent Scandinavia CEO
RSA has handed the permanent leadership of its Scandinavian unit to interim chief executive Patrick Bergander.
UK ranks 20th in global survey on supply chain resilience
The UK has been ranked 20th in FM Global's 2014 survey grading countries on their resilience to supply chain disruption.
AIG appoints Hancock as CEO
AIG has announced its head of property and casualty Peter Hancock will replace outgoing CEO Robert Benmosche.
Cyber crime 'costs the global economy $445bn a year'
Cyber crime is estimated to cost the global economy around $445bn a year according a report from the Center for Strategic and International Studies.
Equinox Global launches Dutch unit
Trade credit specialist Equinox Global has opened a new office in the Netherlands, helmed by a former Atradius special products head.
Shell oil plant explosion leaves two injured
Two people have been injured in a fire after an explosion at a Shell oil plant in the Netherlands on Wednesday.
Europe: M&A activity set to pick up?
Edmund Tirbutt investigates what is behind the current decline in merger and acquisition activity on the Continent, and looks at what the future could hold for deals
ING confirms float of European insurance business
ING has confirmed plans to float Dutch insurance and investment business NN group on the Euronext Amsterdam index.
Perils revises Windstorm Xaver loss estimate up by €32m
Independent Zurich-based loss data provider, Perils has disclosed its third loss estimate for windstorm Xaver.
Insurers urged to scrutinise 'far reaching' Solvency II guidelines
KPMG has called on insurers to scrutinise draft Solvency II guidelines published by the European Insurance and Occupational Pensions Authority yesterday as they are broader in scope than the first technical standards released.
VIG buys Polish life insurer
Austrian composite Vienna Insurance Group has completed a deal to acquire Polish life insurer Skandia Zycie.