European Risk Frontiers survey already throwing up surprising results – take part!

European Risk Frontiers survey already throwing up surprising results – take part!

European Risk Frontiers survey already throwing up surprising results – take part!

Our annual european risk Frontiers survey of Europe’s leading risk managers, sponsored again by HDI Global, is this year being expanded to include a wider range of risk professionals by adding snap polls at industry events and online Q&As with our readers. This approach has already produced some interesting results that we believe will pose serious questions for the insurance…

Liberty expands European fine art and specie team to Germany

Liberty expands European fine art and specie team to Germany

Liberty expands European fine art and specie team to Germany

Liberty Specialty Markets (LSM) continues the expansion of its fine art and specie in Europe with the appointment of Ulrike Janvier as senior underwriter in Germany, where she will open the book of business. Ms Janvier joins LSM from AXA Art. The announcement of a German account follows LSM’s launch of fine art and specie accounts in the Netherlands last…

Allianz boosts sustainability with climate- and social-focused investments

Allianz boosts sustainability with climate- and social-focused investments

Allianz boosts sustainability with climate- and social-focused investments

Allianz’s renewed focus on climate protection and social inclusion further boosted its sustainability record last year, after the firm made it standard practice to use ecological, social and governance (ESG) criteria alongside financial metrics when investing insurance premiums. Allianz leads the insurance sector in the Dow Jones Sustainability Index, which ranks the most sustainable companies within the Dow Jones stock…

China tops TMF Group’s latest Financial Complexity Index

China tops TMF Group’s latest Financial Complexity Index

China tops TMF Group’s latest Financial Complexity Index

The most complex nation in terms of financial compliance is China, according to the latest Financial Complexity Index 2018 from TMF Group, largely driven by the continued embedding of the Golden Tax System, which aims to introduce stricter monitoring and enhanced data sorting and transparency. The Cayman Islands was the least complex jurisdiction out of the 94 jurisdictions covered by…

HDI to review German fire after profits slump

HDI to review German fire after profits slump

HDI to review German fire after profits slump

Risk managers with loss-hit accounts can expect another round of tough renewals from HDI, after the German industrial insurer raised concerns for fire business. On Monday, HDI Global announced a 64% slump in operating profits to €109m in 2017, after natural catastrophe losses and higher than expected man-made losses caused the insurer to slide into an underwriting loss. HDI, part…

GVNW reports ‘positive signs’ in effort to prevent insurers passing on US BEAT cost

GVNW reports ‘positive signs’ in effort to prevent insurers passing on US BEAT cost

GVNW reports ‘positive signs’ in effort to prevent insurers passing on US BEAT cost

The GVNW, Germany’s risk and insurance management association, is forging ahead with plans to meet leading international insurers and seek assurance that its members active in the US will not be forced to bear higher coverage costs and restricted capacity for their US risks, as a result of the Base Erosion and Anti-Abuse Tax (BEAT) rules introduced at the start…

Nat cats put a dent in Talanx’s industrial lines business result

Nat cats put a dent in Talanx’s industrial lines business result

Nat cats put a dent in Talanx’s industrial lines business result

Despite what it called “an exceptionally severe burden caused by natural catastrophes in the 2017 financial year”, Germany’s Talanx group posted net income of €672m, compared to €903m in 2016. Industrial lines and property-casualty reinsurance were badly hit by very large losses relating to natural catastrophes in Central and North America. Premium income grew by 6.3% to €33.1bn; adjusted for…

German risk managers seek dedicated cyber cover as demand continues to rise

German risk managers seek dedicated cyber cover as demand continues to rise

German risk managers seek dedicated cyber cover as demand continues to rise

Cyber risk has shot up the risk management and wider corporate agenda in Germany and demand for cyber risk insurance appears to be picking up fast, based on a survey of members carried out by German risk and insurance management association GVNW and presented at its conference in Cologne yesterday. Insurers will be pleased to hear that German risk managers…

Hannover Re posts ‘satisfactory’ result despite ‘strains’ caused by hurricanes: Wallin

Hannover Re posts ‘satisfactory’ result despite ‘strains’ caused by hurricanes: Wallin

Hannover Re posts ‘satisfactory’ result despite ‘strains’ caused by hurricanes: Wallin

  Hannover Re has posted what it described as a “satisfactory” result for full-year 2017, despite the damage caused by last year’s heavy hurricane season that led to a big fall in the net underwriting result compared with 2016, and a full-year combined ratio of 99.8% versus 93.7% in in 2016. The German reinsurer, part of the Hannover-based Talanx Group…

Mayor of Cologne in London to promote city as EU insurance hub

Mayor of Cologne in London to promote city as EU insurance hub

Mayor of Cologne in London to promote city as EU insurance hub

Henriette Reker, the Mayor of Cologne, was in London today to meet leading representatives of the London insurance and reinsurance market and explain why Cologne should be considered as a viable option for UK and international insurers seeking a base for their European Union (EU) operations. The bulk of premium generated by Lloyd’s still comes from the US, with increasing…

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