Europe
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.
Balkans flooding to cost billions of euros
The European Bank for Reconstruction and Development estimates the cost of damage as the result of horrific flooding will be well over €2bn.
C-Suite - Europe: Handling cross-border claims
by Lucy Costin, RSA Sourcing Specialist
Gibraltar recruits former FSA insurance director for Solvency II project
Gibraltar’s Financial Services Commission has swooped for a former UK insurance regulator to lead its Solvency II implementation project.
Zurich calls for more flood mitigation support
International insurer Zurich wants more money and effort spent on flood prevention.
COO eyes further RSA disposals in second half of 2014
RSA has set its sights on completing more disposals in the second half of the year after the sale of its Canadian broker business brought the amount generated through sales since February to £540m.
Telematics provider targeting Russia with partnership deal
Telematics firm Risk Technology has partnered with a local insurer in a bid to crack the Russian market.
European Council agrees Ecall proposal
The European Competitiveness Council has agreed a general approach to a draft regulation aimed at introducing motor type-approval system requirements for fitting Ecall devices in new models of vehicles.
IBA urges passporting rethink in wake of Setanta collapse
The Irish Brokers Association has written to Ireland’s Finance Ministry, raising concerns about inadequate regulation in the lead-up to the collapse of Malta-based motor insurer Setanta Insurance.
Europe: W&I insurance
Despite M&A activity being on the wane thanks to the recession, a new player is emerging in the form of W&I insurance
Brokerslink splits EMEA region
Brokerslink has reorganised its Europe, Middle East and Africa trading area by splitting it into two separate regions - Europe, and Middle East and Africa.
66 insurer CEOs commit to Geneva Association Climate Risk Statement
66 chief executives of the world’s leading insurers and reinsurers have confirmed their commitment to The Geneva Association’s Climate Risk Statement.
Argo hires Aviva's Schmidt as group CUO
Argo Group has hired Axel Schmidt to take over as group chief underwriting officer.