Italy
Over 50% of European firms unprepared for cyber threats
Despite 98% of continental European firms experiencing a cyber incident in the past five years, research has found that a significant proportion are unprepared to deal with this threat in the future.
Generali successfully closes subordinated bond for €1.25bn
Generali has closed a subordinated bond issue targeting institutional investors for a total of €1.25bn.
Ace study highlights business travel risk
The increasingly globalised business environment is driving concern about business travel risk among European companies, according to research published by Ace Group.
Vintage car insurance in Europe
Despite being a niche sector, with owners treating their vehicles like part of the family Anna Pitton explains why vintage motor insurance could be a missed opportunity for insurers.
The emerging business travel risk
Global travel is an important part of today’s business world, but as Pat Drinan explains increased compliance issues can come with insuring risks across borders.
Italy's SACE expands in India with permanent Mumbai office
Italy-based credit insurer SACE SpA has launched its Indian operations with the establishment of an office in Mumbai.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
Unipol to sell Generali stake by end of 2012
Italian insurer Unipol will sell its stake in rival Generali by the end of 2012, chief executive Carlo Cimbri told analysts on a conference call last week.
Generali names investor relations lead
Italian insurer Assicurazioni Generali has recruited Deutsche Bank's European insurance equity research head, Spencer Horgan.
Generali offloads assets to raise cash for emerging markets
Generali is to sell non-strategic assets next year in a bid to generate cash to invest in emerging markets in Asia, Eastern Europe and Latin America.
Insurers urged to check books as S&P held accountable for 'misleading' rating
Insurers have been urged by a leading lawyer to check their books to see whether they have open notifications from credit rating agencies after an Australian court ruled that Standard & Poor's was liable for damages to investors.
Fitch issues negative outlook for Italian insurers
Fitch Ratings has issued the Italian insurance industry with a negative rating outlook for 2013, indicating an elevated risk of downgrades for Italian insurers over the next 12 to 24 months.
Generali profit up 37.3% for first nine months despite cat losses
Italian insurer Generali posted 37.3% growth in net profit to €1,133m in the first nine months of 2012, driven by progress in production and strong growth in the life operating result.
Aviva reveals 97% COR in steady results
Aviva's general insurance business delivered a combined operating ratio of 97% in the first nine months of 2012, in line with the previous year, excluding RAC.
Top five European news stories
The top five news stories from www.insuranceinsight.com over the past seven days.
Solvency II: To 2015 and beyond
Solvency II implementation is almost upon us but, as Martin Bradley and Jan Leiding explain, European insurers' preparedness varies significantly between countries and companies.
Competition keeps prices low for Italian PI
Italian legislation making professional indemnity insurance compulsory presents opportunities for insurers, but competition is keeping prices low, according to Davide Balloco, head of PI for Markel in Italy.
More pragmatic solution for Solvency II needed, says L&G chief
The head of UK insurer Legal & General has lambasted proposed Solvency II measures, saying they are unlikely to work in their current form and may need to be redrawn, Reuters reported.
AM Best removes Aviva subsidiaries from under review
AM Best has reaffirmed the 'A' financial strength rating and 'A+' issuer credit rating of the insurance subsidiaries of British insurer Aviva.
Migdal sale provides liquidity boost for Generali
Generali has completed the sale of its 69.1% share in Migdal Insurance and Financial Holdings to Eliahu Insurance Company for €705m.
Generali rejigs business structure
Italian insurer Generali has overhauled its business structure in a bid to ensure the group is managed "in a more integrated way".
Italy - land of opportunities
Recent research shows that car insurance in Italy costs five times the European average, underinsurance is rife and the government is scaling back on its intervention. Liz Booth investigates whether there are any opportunities for foreign insurers.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
HDI Gerling CEO to head AGCS' Mediterranean unit
Patrick Thiels, chief executive of HDI Gerling in Belgium and Luxembourg, will join Allianz Global Corporate & Specialty from 1 April to lead the insurer's new Mediterranean division.