Switzerland
Swiss Re denies Agnelli family stake sale
Swiss Re has moved to distance itself from reports linking the business with the sale of as stake to Italy’s Agnelli family.
Helvetia posts 9.2% increase in profit after tax
Swiss insurer Helvetia Group increased its profit after tax by 9.2% to CHF 363.8m in the 2013 financial year.
Lloyd’s vs Asia: Is London losing its crown?
Could factors including economic growth in the East and increasingly burdensome UK regulation see Lloyd’s Asian hub in Singapore oust its London counterpart as the global centre of insurance?
Car dealers took €16.3m from insurance services in 2012
Europe's car dealers sold policies worth an estimated €16.3bn in 2012 across six major insurance, warranty and assistance types plus niche insurance products available in some countries, according to research by Finaccord.
Nationale Suisse opens Singapore office
Swiss based insurer Nationale Suisse, owned by the Swiss National Insurance Co., is expanding in Asia by opening an office in Singapore.
Helvetia increases its share in Nationale Suisse
Helvetia Group has cemented itself as a core shareholder in Nationale Suisse after one of its businesses increased its stake to 12.7%.
European PI market to be worth £6.27bn by 2017
The professional indemnity insurance market across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK- will be worth around €7.5bn (£6.27bn)by 2017.
Geneva Association head to step down
The Geneva Association’s Secretary General, John Fitzpatrick, has informed the board that he will not stand for reelection at its general assembly in May 2014.
Zurich Global Life unveils new Switzerland CEO
Zurich has appointed Claudio Gienal as chief executive of Zurich Global Life in Switzerland, effective from January 2014.
Switzerland rejects executive pay cap
Switzerland has rejected a proposal to cap executive pay at 12 times the lowest paid in the company.
Ex-Zurich CFO found to be under no 'undue pressure' prior to death
Former Zurich chief financial officer Pierre Wauthier was not subjected to any undue or inappropriate pressure in the period leading up to him taking his own life, according to findings of two independent investigations.
Systemic risk: The burden of being big
What will the extra scrutiny that comes with being a global systemically important insurer mean for the nine firms given the designation?
International: Europe: Go west
Are Asian investors likely to continue their interest in the European insurance market? Edmund Tirbutt investigates.
Swiss group Helvetia records 13% profit growth
Swiss insurance group Helvetia has recorded first half post-tax profits of CHF4.7bn (£3.29bn) a 13% increase on its 2012 result.
Zurich group CFO Wauthier found dead
Zurich's group chief financial officer Pierre Wauthier was yesterday found dead in his apartment in Zug, Switzerland.
Swiss Re net income soars to $786m in Q2 2013 despite nat cat hit in P&C
Swiss Re this morning reported net income of US$786m (Q2 2012: US$83m)in the second quarter of the year on premiums earned of $6.8bn (Q2 2012: US$6.1bn).
Two trains collide in Switzerland
One person has died and at least 35 people have been injured, five of them seriously, in a collision between two trains in western Switzerland.
Swiss Re confirms it is in merger talks for Admin Re
Swiss Re has confirmed it is in talks over the potential merger of its remaining Admin Re closed life business with Phoenix Group - less than a year after selling the US side of the operation.
Helvetia renews Vontobel tie-up
Swiss insurer Helvetia Insurance and Swiss bank Vontobel have extended their partnership at least until the end of 2018.
Zurich promotes Davies to marine underwriting head
Zurich has appointed Mike Davies as its global head of marine underwriting effective of 1 July.
Swiss group Baloise to close Bremen and Nuremberg offices with 400 job cuts
Baloise is to close two German offices with the loss of up to 400 jobs.
Heavy rain causes “record” Central European flooding
Floods wracking Germany, Austria and the Czech Republic are the worst for 70 years according to catastrophe modeller AIR Worldwide.
Severe flooding hits Central Europe
Authorities in Central Europe have declared states of emergency after severe flooding hit cities across the region.
Crawford hires forensic accountant to lead BI adjusting team
Claims management firm Crawford & Company has recruited forensic accountant Ian Hasson from Pricewaterhouse Coopers.