Europe
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
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