Troubled Chinese insurer Anbang to start European sales

Troubled Chinese insurer Anbang to start European sales

Troubled Chinese insurer Anbang to start European sales

Anbang Insurance Group, the Chinese insurer that was taken over by the Chinese government earlier this year and whose chairman was sentenced to 18 years for embezzlement and fundraising fraud, is reportedly exploring the sale of its Belgian insurer Fidea, according to news agency Reuters. This would be the troubled Chinese insurer’s first European divestment since it was seized by…

Ironshore’s European business moves to sister company Liberty Specialty Markets

Ironshore’s European business moves to sister company Liberty Specialty Markets

Ironshore’s European business moves to sister company Liberty Specialty Markets

Liberty Specialty Markets (LSM) will acquire the European insurance business of Ironshore Europe following a renewal rights agreement between the two companies, which are both part of Liberty Mutual. Ironshore’s European business – which includes contingency, construction, fine art and specie, liability, marine and personal accident lines – is currently written in Cologne, Zurich and Rotterdam. These offices will no…

Baker McKenzie financial services team joins DLA Piper in Belgium

Baker McKenzie financial services team joins DLA Piper in Belgium

Baker McKenzie financial services team joins DLA Piper in Belgium

A team of financial services and insurance lawyers from Baker McKenzie has joined DLA Piper in Antwerp, Belgium. Pierre Berger, former head of Baker McKenzie’s Belgium and EMEA financial services and insurance practice, will join DLA Piper as a partner. Other team members Isabelle Van Biesen, Simon Landuyt, Pauline Kustermans, Stéphanie Liebaert and Caroline Fabri are also moving to DLA…

Who should be the risk manager’s best friend in an organisation?

Who should be the risk manager’s best friend in an organisation?

Who should be the risk manager’s best friend in an organisation?

The CFO should be a risk and insurance manager’s best friend because it is through them that key decisions about what risks need to be transferred and retained, and at what cost, are made, according to leading Dutch risk managers gathered for this year’s European Risk Frontiers discussion. But, as the role of the traditional insurance manager continues to expand…

A profession in evolution

A profession in evolution

A profession in evolution

The rise of challenging and fast-evolving risks such as cyber has helped elevate discussion about risk management up the boardroom agenda. This has presented the traditional insurance management community with a great opportunity to extend their role and influence within organisations across Europe. But insurance managers who find themselves with new risk responsibilities should not expect a one-size-fits-all, neat and…

Schinnerer Group rebrands as Victor

Schinnerer Group rebrands as Victor

Schinnerer Group rebrands as Victor

The Schinnerer Group, the world’s largest managing general underwriter, currently servicing greater than $1bn in premium, is to rebrand as Victor. It said the new name was “reflective of the firm’s history and its new global operating model”. The Schinnerer Group’s businesses will take up the Victor brand during the next year, and combine to operate as a single global…

MS Amlin gets go-ahead for Brussels Brexit plan

MS Amlin gets go-ahead for Brussels Brexit plan

MS Amlin gets go-ahead for Brussels Brexit plan

MS Amlin will redomicile its European operations from London to Brussels after receiving regulatory approval, with the new base fully operational from the beginning of January 2019. The move sees Amlin Insurance SE, currently based in London, licensed to underwrite insurance and reinsurance from Brussels and European branches, including those in the Netherlands and France. From January next year, it…

RSA gets green light for Luxembourg move

RSA gets green light for Luxembourg move

RSA gets green light for Luxembourg move

RSA has received regulatory approval for its new Luxembourg insurance subsidiary, which is being set up to deal with Brexit. RSA Luxembourg (RSAL) has been established to ensure no disruption for business with EU-based customers and other business partners. RSA’s existing EU branch business will be transferred to RSAL via a Part VII transfer and then directly onto the RSAL…

Generali to open dedicated employee benefits branch in Luxembourg

Generali to open dedicated employee benefits branch in Luxembourg

Generali to open dedicated employee benefits branch in Luxembourg

Assicurazioni Generali is to open a branch in the Grand Duchy of Luxembourg, which will focus on the writing of employee benefits business. The Generali Group said the move was in line with the strategic objectives of the group to consolidate its leadership in the employee benefits sector. “The opening of the new branch of Generali in Luxembourg, solely dedicated…

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