Europe
ING’s European IPO draws nearer while profits fall
Dutch financial group ING continues to prepare for the public float of its European insurance business with plans to separate ING US from ING Insurance to speed up its initial public offering.
Europe's floods hit Munich Re's profits in Q2
Munich Re's profits fell considerably in the second quarter compared to the same period in 2012 as it booked a huge cost for the recent European floods.
Claims handler sentenced for €45 000 fraud
A Welsh insurance claims handler was jailed for 17 months on Friday after stealing €45 000 from his employer to settle pay-day loans and drug debts.
Guernsey issues licences to 46 international insurers in first half of 2013
The Guernsey Financial Services Commission licensed 46 international insurers in the first half of 2013.
Guernsey issues licences to 46 international insurers in first half of 2013
The Guernsey Financial Services Commission licensed 46 international insurers in the first half of 2013.
Hackney Empire secures £1.1m payout from Aviva
Aviva has been told it must pay the Hackney Empire theatre £1.1m following a decade-long legal battle.
Europe: Subscribing to cyber
Will the potential implementation of the EU Data Protection Directive lead to growth in the cyber liability market in Europe? Carolina Parra-Serrano investigates.
How big data is changing the world
Insurers welcome the availability of more information on their insureds, but the handling of so much data presents many challenges. Sam Barrett investigates.
Post magazine – 1 August 2013
In this week's Post, the conclusion of a Transport Select Committee inquiry into the cost of motor insurance has sparked “disappointment” among insurance industry bosses after MPs refused to support Ministry of Justice plans to place whiplash claims on…
Storm surge losses likely to be higher than wind losses in US
There is a 20% chance that storm surge losses will be greater than wind losses for any US hurricane that makes landfall, catastrophe modelling firm RMS has said.
Asia boosts JLT's profits
Broker JLT posted total revenues up 10% to £487.2m ($740m) for the first six months of 2013, boosted by strong organic revenue growth of 7%.
Interview: Biba's Steve White: Bold beginnings
From ‘shouting’ at the regulator to outlining a new segmentation strategy, new Biba chief executive Steve White has already ruffled more than a few feathers in his first 100 days in the hot seat. He tells Post he’s started as he means to go on...
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.