Howden and Gallagher lead the hunt for WTW’s European business

Howden and Gallagher lead the hunt for WTW’s European business

Howden and Gallagher lead the hunt for WTW’s European business

Howden and A J Gallagher are frontrunners for the Willis Towers Watson (WTW) business in Europe that it seems Aon will have to dispose of to gain the EC’s approval for a planned $30bn acquisition of the group, a senior industry source in Germany told Commercial Risk Europe. It is also thought that McGill and Partners, the London-based broker launched…

Insolvencies to ‘surge’ by 26% in 2021: Atradius

Insolvencies to ‘surge’ by 26% in 2021: Atradius

Insolvencies to ‘surge’ by 26% in 2021: Atradius

Insolvencies are set to jump 26% globally this year with several European countries likely to be worst hit as the fallout from Covid-19 finally impacts bankruptcies, according to Atradius. This would follow a 14% fall in insolvencies last year when governments introduced fiscal measures and bankruptcies regime changes to protect businesses from failure, said the trade credit insurer. Atradius added…

Aon offers to sell WTW’s multinational P&C portfolio in four EU countries: Reuters sources

Aon offers to sell WTW’s multinational P&C portfolio in four EU countries: Reuters sources

Aon offers to sell WTW’s multinational P&C portfolio in four EU countries: Reuters sources

Aon has offered to sell Willis Towers Watson’s (WTW) entire large multinational P&C portfolio in Germany, France, Spain and the Netherlands, as well as Willis Re and the broker’s French unit Gras Savoye to gain approval from EC competition regulators, according to Reuters sources.

Rottiers replaced as CEO of Lloyd’s Europe

Rottiers replaced as CEO of Lloyd’s Europe

Rottiers replaced as CEO of Lloyd’s Europe

Lloyd’s Europe’s CEO Sonja Rottiers is stepping down in June and will be replaced by Amélie Breitbur. Ms Rottiers will leave her post at Lloyd’s Europe’s general assembly on 1 June. Ms Breitbur will be her replacement, subject to regulatory approval. She has more than 25 years of international insurance markets experience, including roles at AXA, KPMG and Allianz. She…

AXA names new CEO of innovation unit AXA Next

AXA names new CEO of innovation unit AXA Next

AXA names new CEO of innovation unit AXA Next

AXA has appointed Jef Van In as CEO of AXA Next and group innovation officer, to replace Delphine Maisonneuve from 1 July. Mr Van In will move to the role from his current position as CEO of AXA Belgium and report to Antimo Perretta, CEO of AXA Europe. AXA Next houses eight units that have been brought together to drive…

AXA appoints Generali’s de Courtois as deputy CEO in management shake-up

AXA appoints Generali’s de Courtois as deputy CEO in management shake-up

AXA appoints Generali’s de Courtois as deputy CEO in management shake-up

AXA has named Generali’s Frédéric de Courtois as deputy CEO, along with George Stansfield, within a new structure that ushers in several key appointments. The changes to AXA’s senior leadership team aim to implement the company’s new ‘Driving Progress 2023’ strategic plan announced in December. Mr de Courtois will rejoin AXA on 1 August after five years at Generali, most…

UNIBA expects German growth as insurance buyers explore options

UNIBA expects German growth as insurance buyers explore options

UNIBA expects German growth as insurance buyers explore options

UNIBA Partners, the Brussels-based global broker network, expects growth in Germany among in-house as well as independent brokers, as the current hard market and the many challenges brought by Covid-19 further underline the need for independent, trusted and expert risk management advice, plus the ability to handle multinational risks. The network was created in Germany back in 1987 to provide…

Claims as a USP for insurers

Claims as a USP for insurers

Claims as a USP for insurers

Adrian Ladbury interviews Renske Franken-le Clercq, head of claims – central region, Liberty Specialty Markets, about the insurer’s claims strategy and what it has to offer customers in a positive way in this tough period in the market. He also asks about the impact of Covid-19 on the claims environment. Adrian Ladbury (AL): Claims departments were once regarded as a back-end…

Claims and loss prevention in sharp focus for marine community during pandemic

Claims and loss prevention in sharp focus for marine community during pandemic

Claims and loss prevention in sharp focus for marine community during pandemic

Despite the interruption of global trade brought about by Covid-19, the international maritime sector has experienced a worrying level of claims activity during this period and the International Union of Marine Insurers’ (IUMI) recent annual press call was dominated by the topic of claims and loss prevention. The pandemic has had a direct impact on marine claims trends, with stockpiling…

SiriusPoint launches into harsh market with $3bn of fresh capital

SiriusPoint launches into harsh market with $3bn of fresh capital

SiriusPoint launches into harsh market with $3bn of fresh capital

European risk and insurance managers will welcome news of the formal launch of SiriusPoint, a new Bermuda-based international specialty insurance and reinsurance company. Investors clearly like the look of the international P&C insurance and reinsurance markets currently, as the new carrier launches with more than $3bn in initial capital. SiriusPoint is the result of the previously announced merger between Third…

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