Europe
Barker appointed as Marsh chairman
Jane Barker, a non executive director at Marsh, will become chairman on 1 August.
QBE's property, casualty and motor CUO Bathia departs
Ash Bathia, chief underwriting officer of QBE’s property, casualty & motor division is leaving the company.
Italian aggregators achieve steady growth in H1
Policies brokered by Italian aggregators in the first sixth months of 2013 were up 58% over the same period of 2012, according to research by CP Consulting.
Le Prevost promoted to the board of JLT Insurance Management
JLT Insurance Management (Guernsey) has appointed Shaun Le Prevost to the board of the company.
Allianz denies it represents a systemic risk
Allianz has accepted the Financial Stability Board’s decision to name it as a global systemically important insurer but has denied it poses a systemic risk.
Insurance Europe questions methodology used to create list of G-SIIs
Insurance Europe has questioned the methodology used to create the list of insurers identified as potentially posing systemic risk to the financial system saying it has not been sufficiently tailored to the insurance business model.
Generali accepts G-SII designation
Italian insurer Generali has acknowledged its designation as a global systemically important insurer by the Financial Stability Board.
Generali, Prudential and Ping An among list of global systemically important insurers
The Financial Stability Board has published the list of global systemically important insurers with views to developing a policy framework to address the risks these firms they are thought to present.
QBE Europe appoints Zurich’s Joe Gordon as COO
Joe Gordon has been appointed chief operations officer at QBE European Operations.
Ferma warns against compulsory schemes for catastrophe insurance
The Federation of European Risk Management Associations has told the European Commission that any new insurance solutions for catastrophe risks should be market based and respect freedom of choice for insurance buyers.
Cunningham Lindsey unveils new international CEO
Loss adjuster Cunningham Lindsey has promoted Rupert Travis as chief executive of its International division.
Europe: Accordant accounting
The IASB has published its latest proposals for consistent accounting for insurance companies but the industry will have to act quickly to make its voice heard, David Foster says.
Post magazine - 18 July 2013
In this week’s Post, brokers have raised concerns over the effectiveness of Aviva underwriters and its ability to maintain service levels following the insurer’s decision to move more underwriters into broker offices and abandon almost half its regional…
Keelan Westall introduces underwriting proficiency test
Recently acquired wholesale property broker Keelan Westall has introduced an annual proficiency test for underwriters, designed to improve the service given to customers.
Protect Your Bubble appoints Basinger as UK head
Gadget insurance specialist Protect Your Bubble has appointed Rob Basinger, former head of lending and insurance at ING Direct, to lead its UK team.
Marsh and AGCS provide quick access to claims' funds
March and Allianz Global Corporate & Specialty have committed to provide rapid access to working funds for the joint clients in the event of a major claim.
European insurers look to invest in illiquid asset classes
European insurers are increasingly looking to invest in more illiquid asset classes, including private loans, as low rates and new regulations bite, Moody's said today.
Online insurance offering addresses needs of ex-pats
In partnership with Professional Investment Consultants, Clements Worldwide has launched a web-based marketplace designed to provide Europe-based individuals and organisations operating outside of their home country with affordable cover.
View from the Top: Crazier than spaghetti junction
After all the protracted pandemonium for motor insurers, discipline is now needed, says Colin Batabyal, personal lines director, Covéa Insurance
Tailored approach is essential to European disaster management
Insurance Europe has warned there is no “one-size-fits-all” solution to the insurance required for natural and man-made disasters in Europe and called for insurance cover to be tailored to the different type of risks and their locations.
Insurers look to diversify by entering private loans market
Low rates and new regulations are driving European insurers to diversify their asset allocation by investing in more illiquid asset classes, notably private loans, Moody's said in report published today.
Q2 cat losses "manageable" for insurers
Second-quarter catastrophe losses, including flooding in Germany and the rest of Europe, appear manageable for most European and US insurers, according to SNL Financial.
Hill director receives three-year ban
Former director of Hill Insurance Company, Elisabeth Quinn, has been banned from holding executive director positions with any firm licensed by Gibraltar’s Financial Services Commission for three years.
Lemma claims could cost FSCS £25m
The UK Financial Services Compensation Scheme expects to pay-out around £25m in claims related to failed Gibraltar-based insurer Lemma.