Reinsurance in Europe – the 2023 viewTransRe’s new president of EMEA, Julien Mollinier, joins European chief business development officer Rüdiger Skaletz to discuss the state of reinsurance in the region.
EMEA’s reinsurance outlook: smoother renewals expected but dislocations still existMS Reinsurance’s Jörg Bruniecki examines the outlook for the EMEA region.
New hazard data is key to improving the response to increasing flood risk across EuropeICEYE’s Anke Sielker and Mirka Vahtera on the importance of data in providing a more complete flood picture.
Standing apart from the crowdHaving rejoined Aon in 2023, Nick Fraccalvieri, Reinsurance Solutions’ leader of EMEA facultative, explains how the firm is enhancing its competitive advantage in the region to help shape better business decisions.
Allianz and Axa retain leading spots in Europe as mid-tier carriers battle for GWPEurope’s 10 largest insurers by gross written premium remained unchanged last year but there was fierce competition among the rest of the top 30, with Beazley, Sampo and Vienna Insurance Group among the largest movers.
Generali to significantly exceed FY cat budget as 9M bill reaches €840mnGenerali is set to report a nine-month catastrophe bill of €840mn ($888mn) when it unveils its quarterly results on 17 November, the latest indicator of elevated European weather losses during the third quarter.
GC-Howden: Marsh McLennan reveals $70mn settlement over unlawful recruitment of employeesMarsh McLennan has reported that it settled a claim with an unnamed competitor earlier this month for $70mn related to the “unlawful recruiting” of a number of its employees in Europe, less than two weeks after this publication revealed Guy Carpenter and Howden had reached agreement in a high-profile dispute.
Gjensidige delivers 88% CR as large losses drive Q3 profit missNorwegian insurer Gjensidige Forsikring has delivered a combined ratio of 88 percent for the third quarter of 2023, a 10.7 percentage point deterioration year on year driven by a series of one-off costs and higher-than-expected large losses.
Munich Re: More orderly 1.1 ahead despite increasing nat cat losses and cyber accumulation potentialThe upcoming reinsurance renewals on 1 January 2024 will be more orderly than the prior year, as the market now has a greater understanding of loss burdens owing to weather-related events and inflationary impacts, according to Munich Re’s Clarisse Kopff.
Lockton hires Aon’s Guffanti to lead continental EuropeLockton has appointed Andrea Guffanti as head of continental Europe.
CCR: Climate change to drive 40% increase in nat cat claims by 2050French state-owned reinsurer CCR has warned that claims for perils covered by the natural disaster compensation scheme are likely to increase by around +40 percent by 2050 as a result of climate change.
Arch targets European cyber growth through new Spanish officeArch Insurance has bolstered its European cyber offering with the launch of a Spanish operation, led by Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as senior cyber underwriters.
NFP furthers UK M&A push with Cronin acquisitionNFP has continued its push for M&A activity in the UK with the acquisition of commercial insurance broker The Cronin Insurance Consultancy.
Zurich pushes for Nordic growth under Fritz leadershipZurich has elevated Mattias Fritz to the role of CEO of Zurich Nordic, as part of the insurer’s aim to drive further growth in the region.
Hedemark begins role as Ferma president as outgoing Wegener hails insurance sector collaborationThe presidency of the Federation of European Risk Management Associations has been assumed by Charlotte Hedemark, who in her first address outlined the strategic priorities for the body in 2024 and 2025.
LSM names RSA’s Furlan to lead casualty in EuropeLiberty Specialty Markets, part of Liberty Mutual Insurance Group, has appointed Marilyne Furlan as head of casualty, Europe.
Tryg plays down Aviva speculation with strategic focus to remain on ScandinaviaDanish insurer Tryg has said it will maintain its geographic focus on Scandinavia as it played down recent speculation linking it with a potential deal to acquire UK personal lines giant Aviva.
ICEYE partners with European Space Agency to enhance disaster and crisis managementSatellite data company ICEYE has secured a three-year partnership with the European Space Agency as a partner in the Civil Security from Space Programme to “revolutionise” disaster and crisis management.
Barents Re SA new CEO Amandine Motte centralises European underwriting in LuxembourgBarents Re has hired CNA Hardy’s Amandine Motte as CEO of Luxembourg-headquartered Barents Reinsurance SA and is in the process of centralising underwriting by relocating its London branch office business to the Grand Duchy.
Tryg posts 83.8% CR despite weather claims hitTryg has reported a combined ratio of 83.8 percent for the third quarter following DKK611mn ($86.3mn) of weather losses during the three-month period.