Europe
Europe: Wall V Mutelle
With the steady increase in cross-border movement that we have witnessed over time, insurers are facing more cases with jurisdictional issues than ever before, says Trethowans associate Bethany Blamire.
Generali expands Asia-Pacific business with Mitsui tie up
Italian insurer Generali has completed a deal to expand its operations in Asia and Oceania in partnership with Mitsui Sumitomo
Industry doubtful SRA minimum rating plan can boost solicitors’ PI market
Regulator finishes eight-week consultation on possible ‘B’ minimum.
Russian insurer reportedly axing Ukraine riot covers
Russian insurer Ingosstrakh has reportedly reduced operations of its Ukrainian subsidiary Ingo Ukraine in the face of ongoing political instability.
External forces driving risk management transparency says Guy Carp
Transparency on risk management targets and practices is improving according to reinsurance broker Guy Carpenter, with regulatory and market forces said to continue the trend.
C-Suite Europe: Rise to the challenge and pull up a seat...
Risk departments in financial institutions are dramatically expanding and becoming increasingly embedded in the management of the business.
Political risk cover becoming difficult in Ukraine and Russia, says Marsh
Insurers are pulling out of the political risk market in Russia and the Ukraine according to political risk experts at Marsh with existing policyholders facing increases on renewals.
Paymentshield swoops for Swinton’s Fox
Towergate subsidiary Paymentshield has appointed Amanda Fox as insurer relations director.
Swiss Re denies Agnelli family stake sale
Swiss Re has moved to distance itself from reports linking the business with the sale of as stake to Italy’s Agnelli family.
Draft Solvency II Acts dilute aims of legislators warns Balbinot
The details of the Solvency II regime must be drafted correctly to ensure the legislation does not have negative consequences for insurers and their customers, Sergio Balbinot has warned.
Crimea crisis could cause rates increase as analysts predict strain on capacity
Commentators split on potential impact of sanctions against Russia.
Zurich job cuts to 'primarily impact' Switzerland, UK and Ireland
Following this week's announcement that Zurich is cutting 800 jobs, a spokesman has confirmed that the primary locations impacted by the changes will be Switzerland, the UK and Ireland.
Omnibus II passed by European Parliament
The final obstacle to Solvency II implementation looks to have been passed after the European Parliament adopted the Omnibus II Directive today.
Zurich to cut 800 jobs globally
Zurich is looking to cut 800 jobs across its global operations as the insurer looks to reduce costs and save $250m annually.
All change in Europe
The European guard is changing, and by the end of the year the UK insurance industry could find the European Parliament and Commission rather harder places to press its case than previously.
Aviva reverses loss with £2.15bn profit but UK profit falls
Aviva delivered a post-tax profit of £2.15bn for 2013, reversing the loss of £2.93bn recorded in 2012.
Contract law not main obstacle to single insurance market
Contract law is only one obstacle to cross-border insurance within the EU, among many more important ones, according Insurance Europe.
Allianz Global Corporate & Specialty's profits rise 16%
Operating profit at Allianz Global Corporate & Specialty in 2013 climbed 16% to €483m compared to €416m the previous year.
RSA reports £244m loss as Hester says UK 'needs to improve'
RSA Group this morning reported a pre-tax loss of £244m in 2013 (2012: £448m profit).
RSA launches £775m rights issue
RSA is aiming to raise £775m in a rights issue, dispose of several geographic divisions and will not pay a dividend for 2013 after a pre-tax loss of £244m.
Claims Club News - 27 February 2014
All the news from Post’s Claims Club event on 19 February
Digital Channels: The future is digital
Insurers must perform a root and branch review of their digital channels if they want to remain competitive in the coming years.
Trade Voice: Flooding: the rules of engagement
The recent industry chief executive roundtable with ministers served as a reminder of how critical the role of insurance is to government and society in dealing with the problems caused by the ongoing flooding.
Axa’s global P&C revenues up 2%
Axa has seen group-wide revenues for its property and casualty business increase 2% in figures for 2013.