DACH
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Munich Re forges ahead on back of strong renewals
Munich Re increased business written by 11.1% during the April renewals and reported an overall risk-adjusted rate increase of 4.7%.…
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AXA XL boosts cyber team in Europe and Australia
AXA XL has expanded its cyber capabilities in Europe and Australia with ten new underwriters. The new appointments are Sylvie…
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Take care on German excess cover, says Alta Signa and DWF
European MGA Alta Signa Europe and law firm DWF say that although German insurance law does not explicitly regulate excess…
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HDI maintains strong growth in industrial lines
HDI continued its positive growth in industrial and specialty lines on the back of continued rate increases in the first…
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Swiss Re Corporate Solutions posts further strong profit and lower CR
Swiss Re Corporate Solutions saw its net income jump to $168m in the first quarter from $81m, as its combined…
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AGCS Q1 premiums up 20% helped by 7% rate rises
Allianz Global Corporate & Specialty (AGCS) saw its gross written premiums jump 20% in Q1 to €3.74bn, driven by average…
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Fiedler takes charge of GVNW
Patrick Fiedler is the new president of the German risk and insurance management association GVNW. He takes over from Christian Böhm,…
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Global law report highlights increased ESG scrutiny for insurers
The increased scrutiny of ESG strategies in many jurisdictions is impacting directors’, officers’ and financial institutions’ coverage, as well as…
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European countries top Verisk’s climate litigation risk index
Momentum is building for climate litigation against corporates using human rights as a driver, according to Verisk Maplecroft, which predicts…
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Everest continues drive into primary market on back of hardening property lines
Everest Re continues its charge into the primary insurance sector with another set of impressive growth figures in its primary…
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Delegated underwriting authority growing in Europe despite hard market challenges
Delegated underwriting authority enterprises (DUAEs) are playing an increasingly significant role in insurance markets across Europe, but face challenges with…
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Munich Re ahead of full-year target in Q1 despite cat losses
Munich Re said a net result of €1.3bn in Q1 has made it “more likely” that the company will exceed…
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BHSI beefs up German claims team
Berkshire Hathaway Specialty Insurance (BHSI) has named three executives to claims leadership roles in Germany. Sandra Leyendecker has been promoted…
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Howden appoints Holz as CEO to new Howden Deutschland
Broker Howden has appointed Karl-Heinz Holz as chief executive officer of its new Howden Deutschland business, which it said has…
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Credit Suisse bondholders sue Swiss regulator
Credit Suisse bondholders have filed a suit against Switzerland’s financial regulator following the write down of $16bn worth of additional…
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Allianz Trade expands XoL solution to Spain and Brazil
Allianz Trade has expanded its excess of loss (XoL) reach with additional resources in Germany and Singapore, and new teams…
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Business insolvencies set to jump amid credit crunch
A rebound in business insolvencies is picking up speed, according to Allianz Trade, the credit insurance arm of Allianz. The…
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Swiss Re’s Mumenthaler optimistic for 2023 on back of strong rates
Swiss Re CEO Christian Mumenthaler has told shareholders he is feeling much more optimistic about 2023 as a result of…
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IFRS 17 gives risk managers sharper tool to analyse insurer performance
Risk and insurance managers need to keep a close eye on the financial performance and health of their leading carriers…
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Zurich follows Munich Re and quits NZIA
Zurich has become the second carrier to withdraw from the UN’s Net Zero Insurance Alliance (NZIA) this week. Munich Re…