Europe
Lemma finance boss helped to supply 'false' returns
An investigation by Gibraltar’s Financial Services Commission has condemned the conduct of Lemma Europe’s de factor finance manager, finding he participated in filing returns which falsely indicated the insurer was complying with solvency requirements.
Howden hails Hyperion's combined marine arm
Hyperion chief executive David Howden is hopeful of building the world's leading marine broker by bringing together FP Group and Howden’s marine division to create a single marine broking arm.
Coface report highlights uneven growth in CEE markets
Most countries in Central and Eastern Europe are experiencing a slowdown in GDP growth, rising insolvency rates and high unemployment due to the economic crisis in the Eurozone, according to the latest Panorama report from credit insurer, Coface.
Worldwide Broker Network hires PR manager to boost brand
WBN Appoints PR Veteran Howard Kalt to Direct Program Worldwide Broker Network has established a formal marketing communications function as it seeks to expand brand awareness.
Post Magazine - 21 November 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
JLT appoints Belgibo Insurance to its Belgium network
JLT has appointed Belgibo Insurance Brokers as an official member of the JLT International Network in Belgium.
AGCS adopts legal form of European company
Allianz Global Corporate and Specialty has adopted the legal form of a European company and merged with its subsidiary Allianz Global Corporate and Specialty (France), retroactive to 1 January 2013.
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
Gooding takes on IMO role for IUMI
The International Union of Marine Insurance has appointed a new representative at the International Maritime Organisation.
Consultants welcome timeframe clarity from Omnibus II decision
Consultancy firms have welcomed the Omnibus II agreement reached by the European Union trilogue parties saying the deal will provide insurers with much-needed clarity.
TT Club to insure Europe's largest logistics port
The TT Club will be providing liability cover for London Gateway, the UK’s largest deep-sea container port and Europe's largest logistics park.
Tinkoff takes Guidewire software to Russia
Direct-to-consumer insurer Tinkoff Online Insurance has chosen Guidewire Software’s Guidewire Insurance Suite as its platform for underwriting, rating and policy administration, claims management and billing.
Solvency II on track after Omnibus II deal reached
An agreement on Solvency II has been reached by the trialogue parties of the European union, putting an end to years of political wrangling.
Zurich records 2% profit increase to $3.6bn in Q3
Zurich's business operating profit increased by 2% at the end of Q3 2013 compared to the same time last year.
Post Magazine - 14 November 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
RSA’s Lee facing ‘personal crisis’ amid share price drop and future uncertainty
Simon Lee’s position as RSA group chief executive is under threat following a week that saw the insurer issue two profit warnings, which triggered a share price plummet, market insiders have claimed.
Interview: Julia Graham: Golden Graham
As the incoming president of the Federation of European Risk Management Associations, Julia Graham explains how three keywords – diversity, profession and innovation – will help shape her reign.
Good fourth quarter renewal prospects for airlines, says Willis
Abundant capacity, high levels of competition, limited loss activity and an aggressive broking community will benefit airline insurance buyers renewing in the final quarter of 2013, according to Willis Group.
Allianz grows UK GWP by 1.8% in Q3
Allianz’s UK business reported a 1.8% increase in gross written premiums to £1.5bn in the third quarter of 2013.
Gard launches ship manager liability policy in response to market demand
Shipowner-controlled marine insurance provider Gard is launching a ship manager liability policy, responding to liabilities arising from negligence in performing contracted duties.
AIR Worldwide estimates windstorm Christian losses could reach €2.3bn
Catastrophe modelling firm AIR Worldwide has estimated insured losses from windstorm Christian will range between €1.5bn and €2.3bn, with the majority of insured losses occurring in Denmark and Germany.
Post Magazine - 7 November 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
International: Europe: Changing the channel
A recent study suggests insurers are failing to take advantage of digital channels. How can they harness the benefits on offer?
JLT expands reach with Dutch and Middle East acquisitions
JLT has acquired a marine specialty broker based in the Netherlands and invested in a Dubai-based broker in a bid to expand its international reach.