Europe
Alternative reinsurance capacity 'here to stay' after record 2013 ILS issuance
Insurers will continue to find plentiful reinsurance capacity for property-catastrophe risks following rate reductions secured in the January 2014 renewals, according to Guy Carpenter.
Storms hit German insurers for €7bn
Floods and hailstorms through 2013 are set to cost German insurers almost €7bn according to the German Insurance Association.
Johnson to take on Davey's EMEA role at FM Global
FM Global has confirmed that Chris Johnson, former senior vice president and division manager for Asia Pacific, will take on the EMEA division manager role vacated by Kenneth Davey.
Willis predicts unprofitable airlines market by 2015 as soft market continues
Unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the busy airline renewal season according Willis Group Holdings.
Helvetia increases its share in Nationale Suisse
Helvetia Group has cemented itself as a core shareholder in Nationale Suisse after one of its businesses increased its stake to 12.7%.
Europe: Ecall opportunities
What does the long-anticipated road safety initiative Ecall – set to be introduced across the EU in October 2015 – mean for the insurance industry?
Willis names Owens as CEO of amalgamated captive business
Willis Group has appointed Paul Owens as chief executive of the newly formed Willis Global Captive Management business.
S&P affirms AA- rating for Swiss Re
Ratings agency Standard and Poors has affirmed its AA- rating of Swiss Re and predicts the rating will remain stable in the long-term.
Hiscox merges UK & Ireland and Europe businesses
Hiscox is to merge its UK and Ireland business and its European operation into one unit entitled Hiscox UK and Europe.
External candidate expected to replace Lee at RSA as sale speculation mounts
Analysts say firm could seek to raise capital by selling international operations
Lloyd’s first-ever female CEO Inga Beale signals new era for insurance industry
Canopius CEO’s experience makes her ‘ideal’ replacement for Richard Ward
Post magazine – 19/26 December 2013
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Gallagher acquires Bergvall Marine
Arthur J. Gallagher has acquired Norway-based marine broker Bergvall Marine for an undisclosed fee.
International: Europe boards the telematics train
European powerhouse Germany is the latest country to show an appetite for collecting driving data. But the global spread isn’t stopping there.
North of the border: Liability rethink leads to meso trial
The case of Bavaird v McAlpine (2013) concerned Gordon Bavaird’s death from mesothelioma in 2008, says Catriona Stewart.
Europe C-suite: Regulation and complexity behind rise in demand for German D&O policies
The complexity of the liability regime for directors’ and officers’ insurance and increased regulation is fuelling demand for German D&O policies.
Lloyd's names Canopius’ Beale as chief executive
Lloyd’s has named Canopius chief executive Inga Beale as its new chief executive, replacing Richard Ward from January 2014.
Investors urge RSA 'to solicit takeover bids'
Beleaguered insurer RSA has been ordered to put itself up for sale by several major investors, The Sunday Times has reported.
Post expands coverage to include international insurance news
Post is delighted to confirm Insurance Insight is now part of postonline.co.uk giving our subscribers a truly global insurance view on the industry.
AGCS unveils country manager for Austria
Allianz Global Corporate & Specialty has appointed Ole Ohlmeyer as the new country manager for Austria.
DAS UK welcomes clarification on freedom of choice
Legal expenses insurer, DAS, has welcomed the ruling of the Court of Justice of the European Union clarifying freedom of choice, both regarding the appointment of solicitor and funding.
Europe: Telematics around the world
"Black", "box" and "technology" have become buzzwords for the insurance industry, with firms of all stripes seeking to incorporate more data into both their underwriting and claims processes to give insurers a better idea of customer risks.
Industry plays down impact of St Jude and Xaver storms on full-year results
Losses expected to be ‘in tens of millions, not high hundreds of millions’.
European PI market to be worth £6.27bn by 2017
The professional indemnity insurance market across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK- will be worth around €7.5bn (£6.27bn)by 2017.