Europe
Am Trust to buy Sagicor Europe
Am Trust Financial Services plans to acquire Sagicor Europe from Sagicor Financial Corporation in a deal worth approximately £57m.
Two trains collide in Switzerland
One person has died and at least 35 people have been injured, five of them seriously, in a collision between two trains in western Switzerland.
UK index shows ‘record reductions’ in motor cover costs
Average pricing for home and car cover in the UK is continuing to slide, according to the AA’s latest insurance premium index.
Kearney appointed to Miller’s marine team
Miller has recruited global cargo specialist Jamie Kearney to its marine team.
One-in-200 motorists caught driving without insurance
One in every 200 people with a full UK driving licence has been penalised for driving without insurance, a Freedom of Information request has revealed.
Over 35 killed in Italy bus crash
A horrific bus crash in Italy on Sunday 28 July people has killed at least 37 people and injuring 11 others.
QBE insures Spanish rail company in horrific crash
QBE has confirmed that it insures Renfe, the state company whose train derailed fatally in northern Spain last week. Allianz is another one of Renfe's insurers.
Aon sees Q3 revenue and profit growth
Aon revealed a 3% revenues growth to $2.9bn for the three months that ended on 30 June 2013.
Northdoor enters cyber-services partnership with 24 Lockdown
Insurance services provider Northdoor has formed an exclusive partnership with 24 Lockdown, a security and technology consultancy service in the cyber risk arena.
Renewables market could triple insurance spend by 2020
The renewable energy industry could triple its annual insurance spend by 2020 to mitigate risks to projects, according to a new report sponsored by Swiss Re.
Perils publishes Maximum Flood Extent Map for European floods
Perils AG, the independent Zurich-based provider of industry-wide catastrophe insurance data, today released its Final Maximum Flood Extent Map for the floods which affected Central Europe in June 2013.
Europe: Tapping new risk
Is there a potentially untapped market on the continent for non-standard customers? Katie Marriner investigates.
$20bn of natural disaster insured losses in first half of 2013
Global natural disaster losses during the first half of 2013 on both an economic and insured basis were each below the recent 10-year (2003-2012) averages according to Impact Forecasting.
79 killed in Spanish train crash
A train derailed near the town of Santiago de Compostela in North-western Spain on the evening of 24 July killing at least 79 people and injuring up to 131.
Solvency II voted biggest regulatory challenge by EMEA insurers
Over 90% of insurers in Europe, the Middle East and Asia view Solvency II as the biggest regulatory challenge facing their organisation, according to a study by the Economist Intelligence Unit.
Post magazine - 25 July 2013
In this week's Post, the Financial Stability Board's listing of global systemically important insurers has raised concerns over a "lack of clarity" on why implicated firms are on the list and the costs that will be generated by an enhanced supervisory…
Plum in Northern Ireland move to grow footprint
Plum Underwriting is expanding its underwriting footprint by beginning to write non-standard and mid-net worth household risks in Northern Ireland.
Editor's comment: The end of guilt by association?
When they were young, insurers got in with the wrong crowd.
AIR appoints COO
Catastrophe modeling firm AIR Worldwide has appointed Bill Churney to the position of chief operating officer.
Industry agrees to 75% payout for mesothelioma scheme
Employer’s liability insurers have agreed to pay 75% of civil compensation for mesothelioma victims that cannot trace their insurer after debate in the House of Lords.
Redomiciling: Insurer’s paradise?
With continued uncertainty over Solvency II, could more firms be tempted to follow the lead of Randall & Quilter and split their tax and regulatory domiciles?
Protect Your Bubble launches in Ireland
Specialist gadget insurer Protect Your Bubble launched today in the Republic of Ireland.
Regulation needed to boost cyber take up in Europe says Horton
The introduction of European Union data breach notification legislation is needed to spur the uptake of cyber policies in Europe, according to Beazley’s chief executive Andrew Horton.
'Competitive headwinds' challenge Beazley growth expectations
Beazley chief Andrew Horton believes the firm can continue to achieve profitable growth, despite the influx of new capital in the reinsurance market and broker-led quota-share agreements.