Europe
Uniqa to raise €750m from share sale
Austrian insurer Uniqa has launched a ‘Re-IPO’ share sale with views to raising around €750m.
Spain and Italy most interested in telematics
A majority of drivers in the six largest motor insurance markets in Europe have indicated they are willing to embrace telematics-based products, according to research by Towers Watson.
Europe: Russia round-up
In the latest quarterly on the Russian insurance market, Paul Koshik reviews the motor sector, a busy period for recruitment and the big legal decisions.
Expertise in Action: Technology: Open to attack
Despite several high-profile cyber attacks on major corporations, the insurance industry is still behind the times when it comes to cyber liability. How can it catch up?
Marsh warns of expensive technology failures from cyber risk
Marsh has warned that companies may be overlooking the impact of technology failures from cyber risk.
Post magazine – 19 September 2013
This week's issue of Post is now available to subscribers.
Tokio Marine appoints European head of marine underwriting
Tokio Marine Europe Insurance has promoted Wayne Krause to European head of marine underwriting.
Gibraltar’s appeal as an insurance hub threatened by new regulation strategy
Regulator to take closer look at firms’ non-EEA reinsurers
Travel: In rude health
The refusal of some Spanish hospitals to accept EHICs sparked anger in the insurance industry, but will the scandal impact premiums?
Europe: A Rock and a hard place
The row between Spain and Britain over Gibraltar may have put insurance firms in the country in an unenviable position. Mark Sands explains.
Allianz Global Assistance secures AA- rating by S&P
Standard & Poor’s has given Allianz Global Assistance an AA- rating with a stable outlook.
Gard eyes reinsurance opportunities in Brazil as it secures license
Gard is seeking to establish itself in the Brazilian reinsurance market after securing a licence to write that line of business in the Latin American country.
$100bn of reinsurance capital to enter market, says Aon Benfield
Aon Benfield has said insurers and reinsurers will benefit from $100bn of alternative capital that will enter the reinsurance market over the next five years.
Fosun eyes state-owned Portuguese insurer
Chinese conglomerate Fosun which owns the majority of Peak Re reinsurer has been shortlisted as one of five potential buyers of the largest insurer in Portugal.
Guy Carpenter names PSG executive for France, Iberia and Italy
Guy Carpenter has announced Dorothée Mélis-Moutafis is to become managing director of the firm’s Property Solutions Group, taking specific responsibility for France, Iberia and Italy.
Regulatory changes cost the industry over €4bn in 2012
The top 40 European insurers are estimated to have collectively spent between €4.2bn and €4.9bn in 2012 complying with all new regulations, according to a report by Deloitte.
Europe: The cost of Concordia
What has the Costa Concordia disaster meant for the European marine market? Katie Marriner finds out.
Turkey’s insurance market ripe for foreign investment
Attractive conditions in Turkey’s insurance market are expected to woo foreign investors over the next four years.
Post magazine – 5 September 2013
This week's issue of Post is now available to subscribers.
Guy Carpenter unveils Greek and Cypriot venture
Guy Carpenter & Company has made a major strategic investment in a new venture designed specifically to help develop business in Greece, Cyprus and adjacent countries.
Canopius appoints human resources leader
Canopius Group has named Barbara Turner group head of human resources.
Munich Re buys Renaissance's energy risk management division
Munich Re has agreed to acquire RenaissanceRe’s weather and weather-related energy risk management division RenRe Energy Advisors.
European reinsurers should focus on US APH
The expected increased ultimate cost of dealing with asbestos claims of $10bn (£6.4bn) is a source of growing uncertainty for European reinsurers, Ruxley Research has said.
XL appoints head of global professional business
XL has appointed Louise Dennerstahl, former head of the Nordics for Zurich, as head of its international professional insurance business.