London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains the leading global financial centre according to the latest Global Financial Centres Index (GFCI), published by Z/Yen in collaboration with the China Development Institute. The GFCI rates 92 financial centres and found that London and New York remain in first and second places. According to Z/Yen, despite the ongoing Brexit negotiations, London only fell two points, the smallest…

Generali sells Dutch business to ASR Nederland

Generali sells Dutch business to ASR Nederland

Generali sells Dutch business to ASR Nederland

Generali has sold its Dutch insurance business to ASR Nederland for €143m. Generali’s disposal of its Dutch operation, Generali Nederland, follows other recent exits from non-core markets. The insurers said the sale is in line with its strategy to increase operational efficiency. Last year, Generali Nederland added about €9m to the parent group’s operating result. Frédéric de Courtois, group CEO…

London will retain its status as insurers choose European offices post-Brexit, says Best

London will retain its status as insurers choose European offices post-Brexit, says Best

London will retain its status as insurers choose European offices post-Brexit, says Best

Ireland, Luxembourg and Belgium have been among the most popular domiciles for new EU subsidiaries among insurers that currently access EU business through their UK companies, according to a special report from AM Best. But Best says it expects that London will retain its status as one of the world’s leading insurance centres and an important insurance hub. The report,…

Evolution of European broking sector continues

Evolution of European broking sector continues

Evolution of European broking sector continues

It has been an active few weeks in the European broking sector as leading international players JLT, Aon, BMS and Arthur J Gallagher all announced expansion plans, through three acquisitions and a startup. This week, JLT joined London market insurers in establishing a platform for EU business post-Brexit, through the acquisition of Belgian specialty broker Belgibo from EXMAR Group. JLT…

JLT acquires Belgian specialty broker to boost EU platform

JLT acquires Belgian specialty broker to boost EU platform

JLT acquires Belgian specialty broker to boost EU platform

Broker JLT has joined London market insurers in establishing a platform for EU business post-Brexit. JLT said it has acquired Belgian specialty broker Belgibo from EXMAR Group to complement its existing Benelux operations, but also to support its service to clients in all 26 EU states and three European Economic Area states, after the UK has left the EU. Based…

Liberty Specialty Markets signs new PI underwriter in The Hague

Liberty Specialty Markets signs new PI underwriter in The Hague

Liberty Specialty Markets signs new PI underwriter in The Hague

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Marnix de Kievit to the newly created role of senior underwriter of professional indemnity (PI) risks for the Netherlands. Based in The Hague, Mr de Kievit will report to Rob Groenen, country manager for the Netherlands, and will work alongside Jeroen Kisters on PI and cyber insurances. LSM…

Cunningham Lindsey adds renewable wind energy team in Netherlands

Cunningham Lindsey adds renewable wind energy team in Netherlands

Cunningham Lindsey adds renewable wind energy team in Netherlands

Loss adjusting firm Cunningham Lindsey has established a new team of renewable wind energy experts in the Netherlands, in response to increased demand. Based at Cunningham Lindsey Nederland (CLN), the three-strong team is Michiel Groote Schaarsberg, a material science and technical loss adjuster; Morten Jensen, a wind power loss adjuster and consultant; and Erik van den Bos, a civil engineering…

Dutch risk and insurance community honours Eric Bloem on retirement

Dutch risk and insurance community honours Eric Bloem on retirement

Dutch risk and insurance community honours Eric Bloem on retirement

The great and the good of the Dutch risk management and insurance community turned up in strength on Tuesday evening (20 June) in Amsterdam for a leaving party for Eric Bloem, global insurance manager for Heineken International, who retires after 39 years with the multinational brewing company. Robin Hoytema Van Konijnenburg, executive director global tax and financial markets, and Mr…

AG2R La Mondiale and Zurich Eurolife in new partnership

AG2R La Mondiale and Zurich Eurolife in new partnership

AG2R La Mondiale and Zurich Eurolife in new partnership

AG2R La Mondiale Europartner is to transfer its existing book of international pension plan business to Zurich Eurolife S.A. AG2R La Mondiale Europartner is the Luxembourg-based subsidiary of AG2R La Mondiale, which has a longstanding relationship with Zurich Insurance Group, serving as Zurich’s exclusive international network partner in France. AG2R La Mondiale said that in order to best assist its…

QBE to establish Brussels subsidiary post-Brexit

QBE to establish Brussels subsidiary post-Brexit

QBE to establish Brussels subsidiary post-Brexit

Business insurer QBE has confirmed that it will establish a new subsidiary in Brussels to enable it to continue to benefit from EU passporting rights after the UK leaves the bloc. QBE’s European headquarters will remain in London, but the insurer’s new Belgian office will handle European business from existing EU offices and European business placed in the London market.…

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