Ireland
Ireland: Bouncing back
While the Irish insurance market has endured a troubled period since the economic downturn, a number of recent developments suggest better times are on the horizon
EU probing Setanta collapse
The European Union is to investigate the collapse of Irish motor insurer Setanta, which moved to immediately dissolve itself last week.
Aviva appoints Lovely as claims director
Aviva has appointed David Lovely as its claims director, reporting to Maurice Tulloch, chief executive for UK and Ireland general insurance.
Cross-border insurance: a new opportunity?
As prudential regulation across Europe is set to become unified with the planned implementation of Solvency II, Katie Marriner looks at how the likelihood of cross-border insurance becoming a reality is being considered.
Irish insurer launches bicycle theft product
Irish insurer Blue Insurances has launched a bicycle theft product for cyclists.
Plum continues Irish roll-out with non-standard home cover
Specialist household insurance provider Plum Underwriting has started writing non-standard and mid net worth household in the Republic of Ireland.
Travelers launches sector-focused mid-sized business products
Travelers has unveiled a new suite of covers for mid-sized businesses in the UK and Ireland branded Industry Edge.
RSA Ireland recruits CEO from rival Zurich
Zurich’s Irish chief executive Ken Norgrove is to move to RSA from June after being appointed to replace former Ireland CEO Philip Smith.
2013 results: insurers’ CORs boosted by benign weather but RSA takes £244m hit
Insurers’ full‑year results were bolstered by largely benign weather conditions last year as many firms sacrificed market share in motor and home segments to retain profitability.
RSA admits weighing rights issue plans
RSA has admitted it is weighing plans to strengthen its balances sheet through a rights issue, but stressed that no final decision has been made.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’
Prudential's Nuvoloni appointed DIMA chairman
Dublin International Insurance & Management Association has appointed Marco Nuvoloni as chairman of the association, replacing the outgoing Stephen Devine.
Axa Ireland handed Moody's upgrade
Axa’s Irish general insurance operation has been upgraded by Moody’s to an Insurer Financial Strength Rating of A2, with a stable outlook.
Horsemeat Scandal: Making hay
The horsemeat crisis first hit the news in January 2013, leading to more regulation in the food industry. However, not all cases resulted in litigation
Ace enhances D&O cover as liability and cyber top emerging risks poll
Ace has enhanced its directors' and officers' cover for the UK and Irish markets in response to market developments and feedback from its broker panel.
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.
RSA weighs up fund-raising options as it seeks to avoid rating downgrade
Insurer facing potential £35m fine and may need to raise up to £300m in capital.
Editor's comment: Bring on the sales
It’s January, and as we all face the prospect of seasonal affective disorder setting in as we return to work and continue to rise before sunrise and head home in the dark, the good news is it’s sale time.
RSA facing potential £35m fine from Irish regulator
RSA could still be hit with a £35m fine as the Central Bank of Ireland continues its investigation into the control failures in the insurer’s subsidiary.
RSA’s Brown weeks away from appointing Ireland CEO
RSA hopes to complete the recruitment of a new Ireland chief executive imminently, according to UK and Western Europe chief executive Adrian Brown.
RSA taking advice on action against Deloitte over Ireland accounts
RSA is taking advice on whether it can pursue action against Deloitte for approving accounts in Ireland that were later found to include inaccurate and misleading information created by “inappropriate collaboration” between senior executives.
RSA receives 'a clean bill of health' following PWC investigation
A PWC investigation into failing in RSA’s Ireland business has handed the insurer “a clean bill of health” according to Shore Capital analyst Eamonn Flanagan.
RSA confident PWC report will find no issues outside of Ireland
RSA has underlined its confidence that a PWC investigation into serious financial irregularities uncovered at its Irish operation will confirm the issues in Ireland as an isolated incident.
RSA to release Irish review findings next week
RSA will release the key findings of PwC’s review into the financial and regulatory reporting processes and controls within the Irish Business next Thursday.