Beazley targets European growth as it creates Dublin-based insurer

Beazley targets European growth as it creates Dublin-based insurer

Beazley targets European growth as it creates Dublin-based insurer

Beazley is converting its existing Dublin-based reinsurance company into an insurance operation after receiving regulatory approval from Irish regulator, the Central Bank of Ireland. Beazley said under the renamed Beazley Insurance dac it will underwrite non-life insurance throughout the EU in addition to its Lloyd’s operations, which will continue to write EU business through Lloyd’s’ proposed insurance company in Brussels,…

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Another “exceptional performance” in China, together with solid expansion among the emerging countries, saw global non-life premiums grow 3.7% in 2016, down from 4.2% in 2015 but more than the ten-year average growth rate of 2.0%, according to Swiss Re. The reinsurer’s latest sigma report, World insurance in 2016: the China growth engine steams ahead, reveals that premium growth in…

Insurance lawyers form global network

Insurance lawyers form global network

Insurance lawyers form global network

Seven law firms across four continents have launched a network to focus on insurance law. The founders of Global Insurance Law Connect said the network will provide clients with access to global legal expertise on the ground. Global Insurance Law Connect was founded by four companies – Italy’s Batini Traverso Grasso & Associati, BLM in the UK, Byrd & Associates…

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…

AXA Corporations Solutions warns of environmental risks under new French laws

AXA Corporations Solutions warns of environmental risks under new French laws

AXA Corporations Solutions warns of environmental risks under new French laws

AXA Corporate Solutions has warned large corporates operating in France about the risks of failing to meet new environmental laws. The insurers said that a new biodiversity law, which has been in force since August last year, introduced the concept of ecological damage to the French Civil Code alongside environmental regulations under the EU. AXA Corporate Solutions said it has…

Terror attacks in France and Australia following London atrocity

Terror attacks in France and Australia following London atrocity

Terror attacks in France and Australia following London atrocity

Following the weekend’s terrorist attack in London, further suspected terrorist incidents have been reported in France and Australia. Political risk consultant Verisk Maplecroft has not raised the UK’s terrorism risk rating since the third attack in the country in recent months. The French authorities are investigating a suspected terror attack in Paris on Tuesday. A man, believed to be an…

Loss estimate for storm Zeus rises to €269m

Loss estimate for storm Zeus rises to €269m

Loss estimate for storm Zeus rises to €269m

PERILS AG has increased its insured loss estimate for damage to property from cyclone Zeus, which affected parts of France in March, to €269m from an initial €192m. The Zurich-based company, which maintains a database of natural catastrophes, said it will issue a third update on insured losses from Zeus in September 2017, which will also provide a breakdown of…

Macron stymies anti-EU movement but global geopolitical risk remains uncertain: Verisk Maplecroft

Macron stymies anti-EU movement but global geopolitical risk remains uncertain: Verisk Maplecroft

Macron stymies anti-EU movement but global geopolitical risk remains uncertain: Verisk Maplecroft

Despite the recent election of a new moderate French president tempering the anti-EU movement, today’s global geopolitical picture remains unstable with the buck stopping largely at the door of the White House, according to Verisk Maplecroft. In its latest Geopolitical Risk Outlook, Verisk Maplecroft said the election of Emmanuel Macron as French president has steadied the recent political shocks for…

Generali appoints new country manager for France

Generali appoints new country manager for France

Generali appoints new country manager for France

Generali has appointed Jean-Laurent Granier as country manager for France and président directeur général of Generali France, with effect from 1 June 2017. He will also join the group management committee of Assicurazioni Generali. The current président directeur général of Generali France, Eric Lombard, will continue to assist the group CEO on strategic and institutional affairs and will maintain the…

Kroll appoints managing director

Kroll appoints managing director

Kroll appoints managing director

Risk solutions firm Kroll has appointed Louis-David Magnien as managing director, based in Paris. Mr Magnien, previously CEO and founder of hedge fund Silvaris Capital Management, will work with Kroll’s clients in France, Switzerland, Liechtenstein, Belgium, Luxembourg and the Netherlands. During his career, Mr Magnien has held positions at Credit Suisse, UBS, Merrill Lynch and Société Générale. Bechir Mana, Kroll’s…

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