Germany
BrokersLink adds 13 new members
BrokersLink today announced the addition of 13 new members at its fourth annual conference in Madrid.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
JLT Re makes additions to CEE team
JLT Re has expanded its team serving Central and Eastern Europe with the addition of Sergey Grazhdankin and Edmond Wodehouse as partners.
Allianz subordinated bond assigned A2 rating by Moody's
Moody's has assigned an A2(hyb) rating to the 30-year €1.5bn subordinated bond to be issued by Allianz SE.
Generali Deutschland implements automated ERM platform for compliance
Generali Deutschland is using an automated workflow enterprise risk management solution for reporting and compliance activities.
Ergo to cut 600 jobs over three years
German insurer Ergo Versicherungsgruppe, a unit of reinsurer Munich Re AG, will cut 200 back-office positions every year for the next three years.
HDI-Gerling takes 26% stake in Indian Magma ready for FDI increase
German insurance company HDI-Gerling has paid four times premium on Rs26 crore for its 26% stake in Indian firm Magma HDI General Insurance Co with a commitment of raising the holding to 49% when the government allows it.
German non-life insurers' focus on rates improves profitability
The German non-life insurance market has proved to be resilient, seeing growth in 2011 and a robust 2012.
Interest rates threaten German insurers' financial strength
Low investment yields owing to persistent low interest rates are putting the financial strength of German insurers in jeopardy, Standard & Poor's said today.
TomTom strikes partnership with Zurich
Zurich Germany has chosen TomTom fleet management to provide telematics capability for its fleet intelligence product.
Blog: Talanx IPO - Doing the double
When Talanx chief executive Herbert Haas announced his firm's initial public offering U-turn last week, there was reason to suspect he might be growing dizzy.
Munich Re chief laments China's poor rate of quake cover
Nikolaus Von Bomhard has implored China to create a public-private partnership to provide earthquake protection for businesses and citizens in the country.
Talanx completes IPO
German insurance group Talanx AG has completed its IPO with an initial listing of shares on the Frankfurt Stock Exchange today.
Talanx floats on Frankfurt Stock Exchange
Talanx AG has started trading on the Frankfurt and Hanover stock exchanges at €19.05 after two failed floats.
UK private medical cover second most expensive in Europe
UK policyholders of private medical cover pay some of the highest premiums in Europe, despite scaled back cover and a limited choice of providers.
Germany's GI sector stable, says Fitch
The rating outlook for the German non-life insurance sector remains stable, with motor rates expected to continue recovering in 2013, according to Fitch.
Hannover Re develops reinsurance for Ukraine market
German insurer Hannover Re has developed a bespoke reinsurance programme for the Ukranian market, according to a report by Romania-based news agency Xprimm.
Allianz shuns European sovereign debt
German insurer Allianz will eschew European sovereign debt when seeking future investments, preferring to invest in energy and infrastructure projects, chief executive Michael Diekmann said this week.
European floods: keeping the funds flowing
Floods are an on-going threat for Europe, yet the approach to insuring and recovering from them is wide and varied. Francesca Nyman investigates how Europe is tackling the issue and what the future is likely to bring.
Reinsurers look to underwriting results as investment yields fall
The investment returns achieved by reinsurers have fallen significantly during 2012 as Eurozone fears drive a flight to higher grade securities perceived as less risky, according to Guy Carpenter.
Mondial to trade under Allianz brand
Mondial Assistance UK is changing its trading name to Allianz Global Assistance, aligning the brand with parent the Allianz Group.
Munich Re considers ILS fund
Munich Re may launch a fund to allow investors to buy catastrophe bonds and other insurance linked securities to meet the growing demand for instruments linked to natural disasters.
German health insurance system to post surplus for 2012
The Bundesbank expects Germany's public health insurance system to record a significant surplus again this year, according to the website of Deutsche Börse Group.
Haagen replaces Karner as AGCS aviation head
Allianz Global Corporate & Specialty has appointed Henning Haagen as global head of aviation for its European, Middle East and Asia and Asia Pacific divisions.