Ireland
Bearing Point launches Solvency II reporting tool
Management and technology consultancy Bearing Point has launched Abacus – a pan-European reporting solution for Solvency II which they claim will resolve the reporting challenges facing insurers in the UK and Ireland.
View from the top: A better deal on motor
We have a problem. As an industry, claims inflation in motor insurance is racing ahead of average earnings increases.
Interview - Duncan Spencer: Calling the shots
Mobile phone insurance has been branded ‘useless’ by some and touted as the next potential mis-selling scandal, but Duncan Spencer believes there is a growing need for the product.
Quinn relaunch delayed
The planned relaunch of Quinn Insurance as Liberty Direct has been postponed, according to the Irish Independent.
Essay on financial regulation wins University DIMA prize
An essay on financial regulation has won this year's annual essay competition for graduates in BA International Insurance and European Studies at The Kemmy Business School, University of Limerick, Ireland.
Alterra reports earnings down for Q3 2011
Alterra Capital Holdings has reported net income of $48.4m, or $0.46 per diluted share, for the third quarter of 2011, compared to net income of $82.8m for the same quarter of 2010.
Ireland 123 aquisition drives RSA's profits up for Q3
The acquisition of 123 in Ireland last year and growth across central and emerging Europe has helped RSA to report further growth in quarter three of 2011.
Chubb appoints UK & Ireland accident & health manager
Chubb Insurance has appointed Steve Ranzetta, currently Chubb London accident & health manager, to the role of Chubb UK & Ireland accident & health manager, effective immediately.
Open GI becomes payment service provider in ROI
Open GI has become a payment service provider in the Republic of Ireland with its new service, Credit Line Plus.
Alterra merges Irish operations
Alterra Capital Holdings has merged its Irish underwriting companies, Alterra Europe and Alterra Reinsurance Europe.
Ecclesiastical names MD for Ireland
Ecclesiastical has appointed David Lane as the new managing director for its Ireland business.
Ecclesiastical appoints Foley's replacement as Ireland MD
Specialist charity and heritage insurer Ecclesiastical has appointed David Lane as the new managing director for its Ireland business.
Munich Re receives A+ (superior) rating
Munich Re has had its financial strength rating affirmed of A+ (Superior) and issuer credit ratings of “aa-” along with its subsidiaries.
Dublin suffers flooding after torrential rain
Torrential rainfall has caused widespread damage on both sides of the Irish Sea, with Dublin suffering the worst of the impact.
Editor's comment: Maelstroms on multiple fronts
This week has seen maelstroms on multiple fronts. As the devastation and mass fatalities caused by the Turkish earthquake continue to dominate news headlines, the insurance industry is bracing itself for a different bout of turmoil prompted by another…
McManus Towergate move rubbished as Wilkinson wins Willis UK CEO role
Market speculation suggests that outgoing Willis UK & Ireland chief executive Brendan McManus will target a role at another major broker, after well-placed sources rubbished rumours linking him with a move to Towergate.
Aviva to axe 950 jobs as Dublin-based operation set to be dismantled
The decision to dismantle Aviva’s Dublin-based European holding company with the loss of up to 950 jobs has been blamed on “economic and regulatory burdens”.
Thai flood losses set to escalate - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting…
Clayden and Egan land new Aviva roles
Dominic Clayden and Sean Egan have been handed new executive level positions at Aviva.
Dublin City activates emergency flood plan
A major emergency has been declared in the Irish capital Dublin after severe flooding hit the city.
Global insurers restricted in Ireland after downgrade
Allianz, Aviva and RSA Insurance have been restricted from providing cover for Irish state companies because Ireland has been demoted by credit rating agencies.
Chubb Europe makes UK & Ireland appointment
Chubb Insurance Company of Europe has appointed Jon Nottingham, sales and marketing manager UK & Ireland.
Willis Group appoints new CEO and president
Global broker Willis Group has appointed Daniel Wilkinson as the new CEO of Willis United Kingdom & Ireland.
Willis names Wilkinson as UK head
Willis has named long-serving executive Daniel Wilkinson, pictured, as chief executive for Willis United Kingdom and Ireland, following the departure of Brendan McManus last week.