The UK has seen a wave of consolidation in regional broking over the past few years, making competition for viable targets a challenge. In response, several consolidators are starting to look to Ireland and Europe as a potential area of expansion.
The loss of European Health Insurance Cards in the event of a no deal Brexit could increase insurer costs and put UK travellers off European mini-breaks.
Lloyd’s Brussels has appointed Sonja Rottiers as its CEO. She will also be Lloyd’s regional director for Europe, Middle East and Africa.
The Financial Conduct Authority has said that it is planning for a no deal Brexit and is hoping for a transition deal through late 2020.
Broker consolidator PIB will look to grow in Europe, CEO Brendan McManus told a conference.
What next after the UK ruled out maintaining passporting within the European Union?
Philip Hammond has said there is no reason that the UK financial sector cannot be part of a free trade agreement post Brexit.
Allianz will buy European business subsidiaries of legal protection insurance provider Das for €38m (£33.6m).
The ECON committee of the European Parliament has called on the European Commission to delay the application of the Insurance Distribution Directive.
Organisations spend on average four times more on insuring physical damage, such as property, plant and equipment insurance, than they do on insuring information assets.
Fadata is planning to expand its presence in the European insurance market following on from its acquisition of Munich-based insurance technology specialist Impeo.
An industry anti-fraud database will now include details of travel claims.
XL Catlin has chosen Dublin as its post-Brexit location for its principal European Union insurance company, XL Insurance Company SE.
Vienna Insurance Group has reported a 9.6% rise in its pre-tax profit to €220.5m (£202.0m) during the first half of 2017 compared to €201.3 (£184.42m) in the same period last year.
Gibraltar-based insurer, Elite Insurance has fallen £9.7m short on its solvency capital requirement in the year to 31 March 2017, despite a sizeable strengthening in its reserves.
More than 400 banks and insurers have submitted Brexit contingency plans to the regulator, as the UK looks to negotiate a favourable exit deal from the European Union.
Finnish company, Maas Global has received investment from Aioi Nissay Dowa Insurance and Toyota Financial Services.
Independent insurance and reinsurance legacy specialist, Compre, has acquired global engineering and construction conglomerate, Equinox CA Europe.
CNA Hardy will establish a new office in Luxembourg in preparation for Brexit, with the process set to be completed in early 2019.
Insurers in Europe are looking to insurtech acquisition and innovation in order to grow their businesses.
Hans van Oort has been appointed as the managing director of Guy Carpenter Benelux and will be responsible for leading the company’s presence in Belgium.
Malta-based PCC Building Block has partnered with Automovel Club de Portugal to launch health excess insurance to ACP’s members.
Malta-based Building Block has signed an agreement with broker Slora to sell gadget insurance in Spain.
Aon Benfield has appointed Nick Frankland to CEO of its UK business.