Italy
Liberalising the Italian motor market
The Italian government is aiming to combat motor insurance fraud with its Decreee Cresci Italy. However, as Paolo Golinucci explains this might not be as straightforward as it seems.
Direct Line Italy selects provider for improved claims management system
Direct Line Italy is launching a claims management system to support the company's continuous growth and maintain customer satisfaction.
Moody’s takes action against insurance groups exposed to Italy and Spain
Moody's has taken action on several European insurance groups and related entities to reflect the increased financial risks stemming from their operating and investment exposure to weakened European sovereigns and banks, and the ratings agency's…
Zurich sees 19% drop in GI profits after US$1bn cat losses in 2011
Zurich recorded a general insurance business operating profit of US$2.3bn in 2011, a decrease of US$403m or by 15% in US dollar terms and 19% on a local currency basis.
Fonsai downgraded to 'BB' along with main subsidiary
Italy’s second largest motor insurer Fondaria-Sai has been downgraded from ‘B+’ to ‘BB’ along with its main subsidiary Milano Assicurazioni.
Generali could be downgraded if Italy's IDR falls any lower
A further sovereign downgrade for Italy is likely to result in a downgrade for Italian insurer Assicurazioni Generali, ratings agency Fitch has said.
Weakened capital adequacy behind Generali downgrade
Standard & Poor's has lowered its long-term counterparty credit and insurer financial strength ratings on Italy-based Assicurazioni Generali SpA and its related core entities to 'A' from 'A+'.
Italy's sovereign IDR slashed two notches by Fitch
Italy’s sovereign long-term issuer default rating has been downgraded to ‘A-‘ from ‘A+’ by Fitch.
Fitch: eurozone stress analysis concludes further rating actions unlikely
Fitch Ratings says that it does not expect to take any further rating actions on European insurers as a result of its most recently updated eurozone stress test analysis.
View from the top: Looking longer term
The present market should be given less consideration than future propects, says Laurent Matras.
Hannover Re expects double-digit million euro loss from Concordia
Hannover Re’s total loss from the stricken Costa Concordia could be in the mid-double-digit million euro range, according to the firm.
News analysis: Groupama UK up for sale — but who will buy the group?
Will Groupama be sold lock, stock and barrel or broken into an insurer and its broker parts?
Hannover Re could face €10m Costa Concordia claim
Hannover Re expects a damage claim of at least €10m from the Costa Concordia wreck, according to reports.
Mapfre, Generali and CCR downgraded following sovereigns
A raft of European insurers including Italy-based Generali and Spanish insurer Mapfre were downgraded by Standard and Poor’s yesterday.
Portugal, Spain and Turkey lead the way in European banassurance
Banks are most important distributors of insurance in Portugal, Spain and Turkey, according to recent research.
Coface predicts recession rate of 0.1% for Europe in 2012
Credit insurer Coface warned about the systemic nature of the Eurozone crisis at its annual country risk conference but does not expect a return to depths of the 2008-2009 crisis.
Generali says Costa Concordia impact marginal
Assicurazioni Generali has confirmed to Insurance Insight that it is one of the insurers for the Costa Concordia cruise ship.
Generali, RSA and XL Group believed to insure stricken cruise ship
The Costa Concordia, which ran aground on Friday, is believed to have been insured by companies including RSA Insurance Group, Assicurazioni Generali SpA, and XL Group.
Elite opens offices in France and Italy
Specialist legal and after-the-event insurer Elite is expanding its footprint in Europe by opening two new offices.
Chartis and Generali back launch of Chinese aggregator site
CNinsure, an independent insurance intermediary company operating in China, has launched a comparison website under the name of Baowang (www.baoxian.com).
Axa and Japan Post ranked world's largest insurers
French insurer Axa once again came top of AM Best’s ranking of the world’s 25 largest insurance companies as measured by net premiums written, while Japan Post Insurance Company led the ranking measured by nonbanking assets.
JLT completes Italian Marine & Aviation deal
JLT Group has completed the deal to combine its existing Italian broking business Jardine Lloyd Thompson SpA with the business of Marine & Aviation SpA.
JLT confirms completion of Italian deal
JLT has combined its existing Italian broking business with the business of Marine & Aviation.
Allianz's 'AA-' IFS rating affirmed
Allianz SE has had its insurer financial strength rating and long-term issuer default rating affirmed at 'AA-' by Fitch