Europe

Axa completes €1bn sale of CEE operations to Uniqa

Axa has completed the €1bn ($1.17bn) sale of its Central and Eastern European (CEE) operations to Uniqa, with the deal expected to improve the group’s Solvency II ratio by 2 percentage points in Q4.

EU watchdog calls for greater power in wake of pandemic

Europe’s insurance watchdog has called for greater powers to ensure that member states create a “level playing field” after carriers and national supervisors defied the regulator by failing to take a common approach to dividends during the coronavirus crisis.

Aspen names Hiscox’s Rai as UK head of claims

Aspen Insurance Holdings has named Tony Rai as head claims for Aspen Insurance UK and Aspen Managing Agency Limited.

Toa Re adds life reinsurance to European platform

Japanese reinsurer Toa Re is expanding its operations in Continental Europe by adding life reinsurance to its Zurich-based underwriting platform.

EU warns insurers on Brexit preparations

European insurers have been warned by the Union’s industry watchdog to get their post-Brexit operations in order and to ensure they are fully prepared for the UK’s exit from the EU’s regulatory framework at the end of the year.

Generali Global Corporate & Commercial hands Moore UK branch manager role

Generali Global Corporate & Commercial has named Alan Moore as UK branch general manager in addition to his role as head of Global Corporate & Commercial UK.

Swiss Re and Daimler launch mobility insurance MGA

Swiss Re and German carmaker Daimler have launched Movinx, a Berlin-based managing general agent designed to transform and innovate automotive and mobility insurance.

Coverys appoints Ibba as CEO of AEC Group

Coverys European Holding (CEH) has named Elisabetta Ibba as CEO of AEC Group, the MGA acquired by CEH in January.

Aon and Goldman Sachs partner on captive investment service

Aon has teamed up with Goldman Sachs on an investment service that will enable captive insurers to identify and access high-quality and yield-enhancing investments.

P&C stocks seesaw in Europe on slowing economic recovery

European P&C stocks seesawed between the green and red on Friday following news the UK economy grew less than expected in August and as traders continued to mull the prospect of more fiscal stimulus measures in the US.

European insurers back EC’s consumer protection reforms

European insurers have thrown their support behind the European Commission’s (EC) move to bolster consumer protection across the European Union.

Allianz promotes Stait to head of claims operations

Allianz Insurance has promoted supply chain head Graham Stait to head of claims operations.

European P&C shares gain on investor hopes of further US spending

European and US P&C stocks moved higher on Thursday as investors pinned hopes on news of fresh fiscal stimulus measures in the US and a communication from the European Central Bank on plans to tackle deflation.

Munich Re Automation Solutions to invest Eur16mn in R&D programme

Covid-19 “distracting” leaders from long-term risks: WEF

Unemployment is the main concern for business executives globally, according to the World Economic Forum (WEF) which noted that the Covid-19 pandemic and associated economic fallout may be “distracting” leaders from long-term risks.

Irish insurer FBD faces domestic BI court test case

Ireland’s Commercial Court has begun hearing an action brought by four pubs against FBD Insurance who allege the Irish commercial insurer refused to payout on what they say are legitimate Covid-19 related business interruption claims.

EU watchdog mulls increased capital oversight to tackle climate risk

Europe’s insurance watchdog is considering introducing requirements for insurers to stress-test their capital levels against long-term scenarios for climate change.

EU insurance watchdog to prioritise pandemic cover

The European Insurance and Occupational Pensions Authority (Eiopa) has pledged to focus on developing “shared resilience solutions” for the market to ensure that businesses in the region are able to get cover against future pandemics.

Euro P&C stocks and US futures rebound on signs of Trump’s health improving

European P&C stocks moved higher on Monday on news that US President Donald Trump’s health is improving.

Canopius renewable energy team departs

Canopius’ head of renewable energy Maarten Mulder and his three Amsterdam-based colleagues that lead the insurer’s renewables offering are leaving the company, The Insurer can reveal.

Region

Topics

Events & Conferences

Content Types