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Insurance
Commercial and industrial property insurer FM Global has been granted insurance license in Luxembourg where it will set up a new hub to write business across the European Economic Area (EEA) once the UK leaves the European Union. 31 May 2017
Insurance
The Association of British Insurers (ABI) called the latest increase in the government’s Insurance Premium Tax (IPT) to 12 percent coming into effect on June 1 a continuation of the ‘raid on the responsible’. 31 May 2017
Insurance
Italy’s major insurer Assicurazioni Generali said that it has sold 510 million of ordinary shares of Intesa Sanpaolo, equal to 3.04 percent of its overall share capital, which it had bought in January to fend off a possible hostile takeover from the retail bank. 31 May 2017
Insurance
Switzerland-based property/casualty re/insurer Allied World Assurance Company Holdings has launched its UK commercial division with the appointment of Darren Rowe. 30 May 2017
Insurance
The first deadline for the first full set of Solvency II reports may have passed without incident – on May 22 – but one jaded actuary known as ‘Manuel the Scandinavian Actuary’ got in touch to vent his concerns around what the once well-intended regulation has become and why the industry is now grappling with a counterproductive ‘monster’ unlikely to stand the imminent test of insurtech disruption. 30 May 2017
Insurance
Property/casualty insurer Chubb has appointed Kyle Bryant to the newly-created role of regional cyber risk manager, Europe. 30 May 2017
Insurance
The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector. 30 May 2017
Insurance
The European Council has agreed to the signing of an agreement with the US on insurance and reinsurance which is set to enhance regulatory certainty in transatlantic re/insurance operations. 30 May 2017
Insurance
Netherlands-based insurance group Aegon has appointed Maurice Perkins as senior vice president, global head of government and policy affairs, to oversee all aspects of the company's government relations in Europe, the Americas and Asia. 25 May 2017
Insurance
While many of its rival reinsurers are seeking alternative growth opportunities through fee income relating to advisory services, technology or the use of alternative risk-transfer structures, Hannover Re’s chief executive officer Ulrich Wallin believes sufficiently profitable traditional risk transfer business will remain available for the foreseeable future. 25 May 2017
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