CRE Insurance
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LMG confident of UK captive consultation this year
The London Market Group (LMG) is confident that the UK will open its long-awaited consultation on an onshore captive regime…
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AIG names Della Rosa to succeed Lillelund as Europe CEO
AIG has named Paride Della Rosa as CEO of AIG Europe, the Middle East and Africa, succeeding Thomas Lillelund after…
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Awbury plans Lloyd’s credit risk syndicate for 2025
A new Lloyd’s syndicate focused on credit risks will be able to commence underwriting from January next year after securing…
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Generali sells Turkish insurer
Italian insurer Generali has agreed to sell its 99.99% stake in Turkish insurer Generali Sigorta A.Ş. Under the deal, Generali’s…
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Europe suffers ‘one of the costliest’ storms
As Storm Boris/Anett continues to affect Europe, flooding and damage in the Czech Republic, Poland and Austria could make it…
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Marsh appoints De Bremme to head up Belgium and Luxembourg
Kristof De Bremme has been named CEO of Marsh McLennan in Belgium and Luxembourg and president of Marsh in Belgium…
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Cyber market may switch in favour of insurers early next year: Gallagher
The cyber insurance market remains competitive, with “substantial” premium savings on offer, but things may shift in favour of carriers…
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Medical liability MGA Altea expands into Europe
UK medical liability MGA Altea Insurance has expanded into continental Europe after opening an office in Ireland. Altea said it…
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IUMI reveals 6% jump in global marine premiums last year
Global marine insurance premiums rose 5.9% increase to $38.9bn in 2023, with premium levels up across all lines of business,…
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German cyber buyers prefer stability over cyclical swings
Katrin Zylla-Meyer, manager of corporate insurances at Hanseatic Versicherungsdienst GmbH, the in-house broker of Hamburg-based retail multinational Otto Group, told…
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DUAL Europe appoints Borrego as CUO
DUAL Europe has appointed Maria Borrego chief underwriting officer as the managing general agent seeks to expand its footprint in…
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German buyers warned on cargo tax
German companies can make serious tax savings on cargo insurance because it is currently exempt from the 19% insurance tax…
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Lockton Sweden hires head of affinity from WTW
Lockton has announced Patrick Rönnqvist will join Lockton Sweden from WTW as head of affinity. Rönnqvist will move into his…
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New Caledonian businesses ask insurers to speed up May riot claims
Businesses in the French territory of New Caledonia affected by riots in May have called on insurers to speed up…
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Ships need to upgrade fire systems, GDV tells IUMI delegates
Container ships, particularly those transporting electric vehicles, should be divided into fire compartments to reduce the risk of blazes at…
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AIG’s Lillelund joining Allianz Commercial and AGCS as CEO
Thomas Lillelund, AIG’s head of Europe, Middle East and Africa, has been named as the third CEO of Allianz Commercial…
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MRH Trowe acquires travel insurance broker
German broker MRH Trowe has acquired TAS Touristik Assekuranz-Service to expand further into the travel industry insurance business. The acquisition…
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Arch Insurance International names new head of executive assurance
Arch Insurance International has promoted Maggie Munns to head of executive assurance and Matthew Doherty to director of underwriting for…
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Skuld warns on rates after posting $30m H1 loss
Norway-based marine insurer Skuld said rates will need to go up further to keep pace with rising claims costs. Reporting…
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Lloyd’s to revamp ‘unclear’ conduct code
Lloyd’s has announced plans to overhaul its rules for members’ conduct, which it has said are currently “unclear”. The announcement…