United Kingdom (UK)
Allianz Global Assistance posts record turnover for 2011
Allianz Global Assistance, of which Mondial Assistance UK is a member, achieved global turnover in excess of €2bn for the first time (€2.05bn) representing an increase of 8.5% over 2010.
Aviva shareholders reject executive pay package at AGM
Insurer Aviva has lost the vote on executive pay at its annual shareholders meeting.
RSA expects sub 95% COR for 2012 after Q1 results
RSA recorded a 5% increase in net written premiums to £2.2bn for the first quarter, prompting group CEO Simon Lee to predict a full year combined operating ratio below 95%.
Generali UK launches policy administration system
Assicurazioni Generali's UK branch has gone live with a new non-life policy administration system from Agencyport Software.
Non-life premiums to stay suppressed until 2015
Non-life premiums will not rebound to 2003 levels until after 2015, according to Ernst & Young's economic forecast.
Credit card-linked insurance and assistance market worth €4bn in Europe
The market for packaging and cross-selling insurance and assistance policies linked to payment cards and bank accounts is lively and competitive in most European countries, according to research by consultancy firm Finacord.
QBE poaches Pryce from Ace UK
QBE has recruited Ace UK president Richard Pryce as deputy chief executive of QBE European Operations.
Ace appoints new leaders of UK and Ireland Retail
Ace Group has promoted a number of senior staff within its Europe, Middle East and Africa region.
Catlin given the go-ahead for Beijing office
Lloyd's reinsurer Catlin Group has been granted approval by the Chinese Insurance and Regulatory Commission to open a wholly owned representative office in Beijing.
Canopius promotes Manning to group COO
Specialist reinsurer Canopius has promoted Steve Manning to group chief operating officer with responsibility for all operational matters.
Hyperion to sell majority stake in CFC
Broker Hyperion Insurance Group and CFC Underwriting have agreed to sell Hyperion's majority stake in CFC Underwriting to a consortium of private investors and the management team.
Colemont relocates to THB building in London
Lloyd's insurance broker Colemont is relocating to THB Group's building in Leadenhall Street, opposite Lloyd's, on 23 April.
Alvert appointed CEO for Mapfre Assistance
Pablo Alvert has been appointed CEO and regional director for Mapfre Assistance, the UK arm of Mapfre Asistencia.
Axa sells Bluefin benefits consultancy to Capita
French insurer Axa has agreed to sell its employee benefits consulting business, Bluefin Corporate Consulting, to Capita for £50m on a cash-free, debt-free basis.
CGSC promotes Hooper to chief commercial officer
Wholesale reinsurance brokerage Cooper Gay Swett & Crawford has promoted Shaun Hooper to the new role of chief commercial officer.
Ecclesiastical targets rapid growth in Ireland
Specialist faith insurer Ecclesiastical plans to treble the size of its Irish business over the next five years, according to a report in the Irish Times.
Catastrophe-struck Lloyd's slumps to €619m loss
Following the second costliest year for catastrophes on record for the insurance industry, Lloyd's today announced a loss of £516m (€619m) for 2011.
UK P&I club to establish UK Europe as sole direct insurance provider
The UK Protection and Indemnity Club has announced that it is reorganising its structure to establish UK Europe as the sole provider of direct insurance to UK Club members.
Guernsey and Malta sign double tax agreement
Guernsey has signed a comprehensive Double Taxation Agreement with Malta, the third tax agreement for the captive favourite, after deals with the UK and Jersey.
Assurant makes senior European appointments
Assurant Solutions today announces the appointments of Graham Luckett as senior compliance officer for Europe and Robert Moorehead-Lane as European chief risk officer.
Markel acquires fine art and collectables business
Markel International has acquired the portfolio of business of Quay Underwriting, a managing agent based in Dorset, UK.
European construction – back to good health?
Construction markets have suffered across the globe with the financial downturn biting hard. Edward Murray investigates whether there are any glimmers of hope for the European market in 2012.
Asian results help JLT offset difficult European trading period in 2011
Strong retail revenue growth and margins in Asia helped Jardine Lloyd Thompson offset difficult trading environments in Europe and deliver profit before tax of £147.6m for the full-year ending 31 December 2011.
European risk board urged to investigate environmental investment
In an open letter to Mario Draghi, president of the European Central Bank and chair of the European Systemic Risk Board, a coalition of experts, investors, NGOs and universities have urged the ESRB to investigate how the European Union's exposure to…