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Irish central bank fines PartnerRe for overstated solvency positions
Insurance
The Central Bank of Ireland has fined PartnerRe Ireland Insurance and Partner Reinsurance Europe a combined €1.5 million.   22 August 2018
Hannover Re CEO steps down, is replaced by Swiss Re's Henchoz
News
Hannover Re’s CEO Ulrich Wallin is stepping down and retiring in May 2019 after more than 35 years at the reinsurer. He will be replaced by Swiss Re’s Jean-Jacques Henchoz.   22 August 2018
LIIBA warns on missing Brexit equivalence regime for brokers
Insurance
London & International Insurance Brokers’ Association (LIIBA) chairman Roy White has written to the UK’s prime minister Theresa May to drive attention to the fact that insurance intermediates do not have an equivalence framework in place to allow for business continuity after the UK leaves the EU.   22 August 2018
Insurance
Industrial lines insurer HDI Global has been impacted by numerous property claims in the first six months of 2018, leading to a decline in underwriting results.   20 August 2018
Insurance
Swiss Re is one of the main insurers for the Rome-based company Autostrade per l’Italia that operated the stretch of highway where the Morandi Bridge in Genoa collapsed, according to an Aug. 17 Reuters report.   20 August 2018
Insurance
Cyber insurance offerings and premium volumes have expanded sizeably and accumulation risks need to be addressed in the context of a hyperconnected digital world, the Geneva Association warns.   17 August 2018
Insurance
ACORD, the global standards body for the insurance industry, has launched a toolkit to support the application of data standards for global reinsurance and large commercial risks   17 August 2018
Insurance
Continental Europe is ripe for an expansion of managing general agents (MGAs) and Ryan Specialty Group (RSG) is willing to take advantage of the growth potential for niche products in the region, Michael Rice, chairman and CEO of RSG Underwriting Managers (RSGUM), and Peter McKenna, CEO of RSG Europe, tell Intelligent Insurer.   17 August 2018
Insurance
Randall & Quilter Investment Holdings’ Malta-based European subsidiary R&Q Insurance has signed three new programme underwriting partnerships with European managing general agents (MGAs).   16 August 2018
Insurance
Australia-based QBE has benefitted from improvements in its North American operations in the first half of 2018 while the European unit’s performance weighed on results.   16 August 2018

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