Italy
Markel appointments aim to strengthen Italian PI team
Specialist underwriter Markel International has made two appointments in its Italian professional liability team.
Mapfre consolidates Italian position with travel tie-up
Mapfre Assistance has signed an agreement with Intermundial company,the third biggest Spanish travel insurance group by market share, to provide a range of policies on the Italian market.
Analysts claim Aviva business exit could spark shares re-rate
Analysts believe Aviva’s decision to scrap 16 of its most under-performing business units is likely to prove “challenging” given market conditions, however success could result in a shares re-rate.
Cellerini takes over from Haugh as Zurich global corporate CEO
Zurich has appointed long-standing management figure Vinicio Cellerini to the position of UK global corporate chief executive.
Aviva chairman vows to exit underperforming segments
Aviva’s new chairman has pledged to cull 16 underperforming segments as part of a business revamped strategy.
Aviva to exit 16 worst performing businesses
Aviva is to dump 16 of its worst performing business segments including its Italian partnerships businesses, UK large-scale businesses; and its South Korea business as part as an overhaul of the whole business.
Mapfre signs deal with Ford Italy for insurance on second-hand vehicles
Mapfre Asistencia has signed an agreement with the Ford vehicle brand in Italy to offer road cover and assistance schemes to customers buying used vehicles.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Italy and UK to lead demand for telematics
The number of insurance telematics users in Europe will grow from 1.5 million in 2010 to 44 million in 2017, initially driven by the UK and Italy according to research.
MGA Dual expands with new Austrian office
Dual Group, the underwriting arm of Hyperion Insurance Group, has announced that Dual Austria will open its doors in Vienna on 1 July fronted by liability specialist Hannes Puchner.
Italian P&C insurance market outlook is stable
The outlook for the Italian property & casualty insurance market remains stable, although the outlook for the Italian life insurance market remains negative, in line with the other negative life insurance markets in Europe.
Mapfre to supply motorcyle cover for Peugeot in Italy
Mapfre Asistencia's Italian arm has entered into an agreement with Peugeot Citröen Group to provide roadside assistance and customer services to Peugeot Scooters, the group's specialist motorcycle unit.
Aon estimates €5bn loss from Italian quake
The magnitude 6.0 earthquake in Italy's Emilia-Romagna region last month caused an estimated €5bn in economic losses, according to Aon Benfield's monthly global catastrophe report.
Fondiaria-Unipol merger suffers further setback
Jonella and Paolo Ligresti, two of the principal owners of Italian insurer Fondiaria-SAI, have refused to agree to conditions necessary to waive a mandatory bid on minorities in a planned merger with rival Unipol, threatening to scupper the deal,…
Generali on negative watch after CEO change
Ratings agency Standard and Poor's has placed Italy's Generali on negative watch following the removal of Giovanni Perissinotto and his replacement with Zurich head of general insurance Mario Greco.
Moss exit and senior management shake-up keep Aviva rating under review
Aviva's financial strength rating of A (excellent) has been reviewed and maintained by AM Best Europe while remaining under review with negative implications.
Political risks: Economic unrest triggers interest and questions over cover
The UK, France, Germany, Italy, Portugal and Spain have all been re-rated 'medium risk' from 'low risk' by Aon Risk Solutions, as part of a downgrade of 37 countries in the firm's annual Terrorism & Political Violence map.
Zurich's GI chief leaves for top role at Generali
Mario Greco, Zurich's general insurance chief executive, has resigned from the post to return to Italy as CEO of Generali Group.
Fondiaria's conditions threaten Unipol merger
Italian insurer Unipol wants to proceed with its planned merger with Fondiaria-SAI but will not accept certain conditions proposed by its troubled peer, according to Reuters.
Generali's Perissinotto ousted as CEO
Giovanni Perissinotto has been removed as chief executive of Italy-based insurer Assicurazioni Generali.
Future of Generali chief in doubt over Eurozone woes
Generali chief executive Giovanni Perissinotto may be the latest casualty of the Eurozone turmoil, according a report by Reuters.
Italian quake losses to hit £560m
Estimates for insured losses from the Italian earthquakes could be as much as £558.5m, it has been suggested, after a second disaster rocked north west Italy yesterday.
Terrorism and civil unrest: Risky business
With several parts of the world engulfed by violence and civil unrest, is traditional terrorism and political risk cover increasingly irrelevant?
Damaging aftershocks hit northern Italy
Two damaging aftershocks, a magnitude 5.8 followed by a magnitude 5.4, occurred on 29 May in Italy's Emilia-Romagna region, which experienced a magnitude 6.0 earthquake on 20 May.