Europe
Further uncertainty for Balva policyholders as claims handler withdraws
The company handling claims for beleaguered Latvian insurer Balva has withdrawn its services, creating more uncertainty for policyholders of the Riga-based firm.
Failure to reach Solvency II equivalence deal could harm UK
Failure to adequately resolve the issue of equivalence under Solvency II could harm British interests, according to speakers at the Association of British Insurers’ solvency II conference today.
Marsh: EU cyber directive must be on risk agenda
Insurers must consider the implications of the European Union's cyber security directive, Marsh has warned.
Post Magazine - 31 October 2013
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Willis Re forecasts at least £300m loss from St Jude storm
UK losses from storm St Jude are likely to be in the region of £300-£500m, according to Willis Re.
Hyperion acquires US underwriting agency
Hyperion Insurance Group has acquired PGI Commercial through its subsidiary Dual.
13 die in European storm
A powerful storm swept across North Europe yesterday with some devastating consequences.
The importance of excellence in claims management
Challenged with the impact of doing business in a difficult economic environment, is it any wonder that the term ‘going back to basics’ has become more common place in the board rooms of companies?
Ace appoints Moghrabi regional president for Continental Europe
Ace Group has appointed two senior executives in Continental Europe.
Aon increases profit and revenue in Q3
Aon has reported organic revenue growth of 3% with total revenue of $2.8bn (£1.7bn) in quarter three of 2013.
Seraina Maag to head AIG's EMEA business
AIG has appointed Seraina Maag as president and chief executive of its Europe, Middle East, and Africa region business.
ABI restructure: will GI be sidelined now Starling has taken flight?
When the chairman of Hiscox, Robert Hiscox, announced he was retiring last year, the Association of British Insurers was probably secretly relieved.
Post Magazine - 24 October 2013
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Gibraltar-based motor insurers outperform UK counterparts
Niche offerings help domiciled firms achieve sub-100% CORs.
Necessity of new EU nuclear liability proposals questioned by industry
Premiums could rise due to new rules as UK announces new power station.
Global takaful market "in its infancy"
The global takaful industry grew 16% in 2012 and the growth potential is huge according to a report by EY.
Cash compensation for the minority shareholders of Generali Deutschland Holding
As part of the squeeze-out procedure to take full control of Generali Deutschland Group, Assicurazioni Generali has notified its subsidiary Generali Deutschland Holding AG about the amount of cash compensation to be granted to the minority shareholders…
Compre claims first in unlocking 'major barrier' to European runoff acquisitions
Reinsurance legacy specialist Compre Holdings has completed what it claims is the first ever cross-border demerger of insurance and reinsurance portfolios.
Amtrust Europe hires development executive from DAS
Amtrust Europe has appointed Nick Waters as sales and business development executive for its after-the-event legal expenses team.
Mapfre acquires 20% of Indonesian insurer
Mapfre has acquired a 20% stake in Indonesian insurer Asuransi Bina Dana Arta, known as ABDA.
BrokersLink transforms for growth and welcomes seven new members
Broker group BrokersLink has announced it is ending its not-for-profit status as it forms its own company. The international broking group has also added seven new members.
49 die in Laos plane crash
49 people, including seven from France, have been killed in southern Laos when a plane crashed into the Mekong river yesterday (16 October).
Post Magazine – 17 October 2013
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MAST security training courses receive UK government approval
The UK's Department of Transport’s Maritime & Coastguard Agency has approved three new training courses from security specialist Maritime Asset Security and Training.