CNA Europe forms joint French and Italian operation and creates pan-European transport team, Liberty expands into commercial lines mid-markets and banking deputy takes insurance post at Guernsey’s Financial Services Commission.
ING Group announced this week that it is to repay €2bn of state aid in May as part of its settlement of the €10bn that it borrowed during the financial crisis to shore up its capital position.
Publishers and other media content providers must fundamentally alter the way in which they approach credit risk as the popularity of digital publishing technology changes the media landscape.
Dominic Burke, chief executive of Jardine Lloyd Thompson, has warned that brokers may once again find themselves with regulatory challenges to their remuneration practices and said that his firm would support any move to an industry-wide net terms, or fee-based, system.
The European Court of Justice ruling on Tuesday that outlawed the pricing of risk based on gender will have a major impact on the European insurance market at a time when it already faces upheaval from initiatives such as Solvency II and new accounting standards proposals.
Insured losses from the 6.3 magnitude earthquake that struck Christchurch, New Zealand on Tuesday could be as high as $12bn, according to initial estimates.
The cost to companies of employee healthcare rose by an average of 3.3% across Europe last year, according to a survey by Mercer.
Shipowners faced a calmer Protection and Indemnity (P&I) renewal season than in previous years with general premium increases ranging between 0 and 10%, according to Aon Risk Solutions.
Aon Benfield has called for a simplification of Solvency II’s Internal Model Approval Process (IMAP) for natural catastrophe risks to allow re/insurers to better quantify their exposures.
The Lloyd’s Market Association (LMA) has addressed Nato this week to help with the fight against piracy.