Germany
Talanx targets net income of over €650m in 2013
German insurance giant Talanx saw earnings before interest and taxes reach €1.8bn in 2012, up 42% on the previous year.
Hannover Re completes its conversion to an SE
Hannover Re has completed its conversion to a European Company,Societas Europaea, following its entry in the commercial register of Hannover County Court.
Warranty gap insurance catching on in Continental Europe
Increased awareness of warranty and indemnity insurance is spurring the growth of the market in European territories, according to CMS Cameron McKenna.
GWP for mobile goods will be worth $14.6bn by 2016
The global market for extended warranties and insurance for mobile goods is expected to surge 46.3% from $10bn to $14.6bn by 2016.
Allianz forecasts stable operating profit in 2013
Allianz chief executive Michael Diekmann said today the firm expects operating profit in the region of €9.2bn in 2013.
Generali posts 10.5% rise in operating profit
Generali posted a 10.5% increase in group wide operating profit to €4.22bn in 2012.
DLG posts improved international COR after reserve releases
Direct Line Group saw a return to underwriting profit for the 2012 financial year as it posted a combined operating ratio of 99.2%.
Allianz Worldwide Care posts 27% GWP growth
International health insurer Allianz Worldwide Care posted a 27% increase in gross written premiums for the 2012 financial year.
DLG improves combined ratio to 99.2%
Direct Line Group has reported a 9.3% rise in operating profit for ongoing operations to £461.2m (2011: £421.9m) including an underwriting profit of £28.2m compared to a loss in 2011 of £72.3m and a combined operating ratio of 99.2% (2011: 101.8%).
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Guy Carpenter appointment signals focus on European casualty market
Guy Carpenter & Company has appointed Georg Fuelles as head of European casualty strategy.
Generali bolstered by P&C growth in Germany and CEE countires
Generali has reported an increase in premiums to € 70bn (+3.2%) with a 3.3% growth in property & casualty to €22.8bn.
Arag grows BTE sales team
Legal insurance specialist Arag has expanded its before-the-event sales team with the recruitment of George Bladon as corporate account manager.
DLG’s international units “attractive to third parties”
Direct Line’s German and Italian businesses could prove attractive to a variety of third parties, according to Investec Securities.
Markel Germany hires Aon credit manager
Markel International has hired trade credit specialist Frank Burghardt.
Ace's Clabby to deliver keynote at ISE 2013
Insurance Insight has confirmed the first speakers for its 2013 Insurance Strategy Europe conference.
Winter Sports: A downhill market?
With the Winter Olympics only a year away, winter sports are seeing a boost in popularity. Anna Pitton investigates how the insurance market is responding and asks where claims are likely to occur.
Zurich GI profit falls after Sandy and German 'system error'
Operating profit in Zurich's general insurance business dropped by $150m to $2.1bn year-on-year in 2012 after above average catastrophe and weather-related losses offset gains made through tighter underwriting discipline and expense management.
CNA poaches new German head from Chubb
CNA Insurance Company has appointed Malte Dittmann as country manager for Germany.
French consumers least likely to go online for insurance purchases
Online comparison sites are the fastest growing distribution channel for motor and household insurance in Europe, according to Finaccord.
Europe View From the Top: Risk engineering when growing abroad
Higher costs of living, lower real wages and reduced access to credit has had a direct impact on the profitability of UK companies. This combined with the Eurozone crisis has taken its toll on UK export growth and investment.
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
Airline Iberia extends its insurance agreement with Allianz Global Assistance
Allianz Global Assistance has struck a new deal with Iberia, the Spanish airline, offering travel insurance in the UK. The agreement sees existing work with Iberia in other countries expanding to open up new opportunities within the UK travel market.