DACH
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Competitive Swiss market but discipline remains-Fitch
Competition in the Swiss insurance market remains high but participants are maintaining underwriting discipline, according to a new report by…
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New HDI-Gerling tool helps buyers track global supply chain and nat cat exposure
Hannover-based industrial insurer HDI-Gerling Industrie Versicherung has introduced a new geo-information system that will help the company in risk analysis…
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Lack of cyber cover putting managers at risk warns insurer
The refusal of many German companies to fully acknowledge cyber risks and buy respective cover may have serious consequences for…
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Hot Seat: Prices up but further work needed–Christian Hinsch, HDI-Gerling Industrie
HDI-Gerling Industrie, the Hannover-based Talanx group's industrial insurance arm, has managed to implement price rises of 3% in the fire…
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€10bn more SII capital for German insurers by 2016 warns Hufeld
German life insurers may need additional equity capital of up to €10bn by 2016 when the new EU Solvency II…
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Cyber cover in Germany an issue for medium-sized firms
Although cyber insurance is now available for a broad range of companies in Germany, medium-sized firms can still struggle to…
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Amlin to set up branch in Germany
Amlin Europe has received permission from DNB and BaFin, the respective Dutch and German regulatory authorities, to open a branch…
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Corporate round-up
ACE enhances D&O cover for UK and Irish market, AGCS appoints key account manager, FM Global appoints Nicholas Batten as…
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European windstorm Xaver losses €680m say PERILS
Insured property losses from European windstorm Xaver that struck in early December will total around €680m, according to the catastrophe…
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Xaver losses could reach €1.9bn
Windstorm Xaver could result in insured losses of up to €1.9bn, according to figures put forward by market observers.
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PERILS places Windstorm Christian losses at €944m
The latest insured loss estimate for Windstorm Christian, put forward by catastrophe insurance data specialist PERILS, places damage at €944m.
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Xaver hits business hardest – PwC
Although no insured loss estimates from Extratropical Cyclone Xaver that affected large parts of northern Europe last week are yet…
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Corporate round-up
JLT acquires South African employee benefits broker, ACE launches enhanced export liability cover in continental Europe, AGCS makes financial lines…
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Harder market needed to counter interest rates in Germany
German risk managers will not be happy to learn that credit rating agency Standard & Poor's has urged insurers to…
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AXA CS’ Kurth defends insurers on innovations and claims
Jürgen Kurth, CEO of AXA Corporate Solutions Germany, has defended the industrial insurance industry in the face of criticism from…
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AGCS converts to SE status to optimise capital and simplify structure
Allianz Global Corporate & Specialty has been converted to a Societas Europaea (SE) in a move that it says simplifies…
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Inex24 loses board member Witzel
Inex24, the German placement platform for industrial insurance risks, is losing one of its management board members. Rainer Witzel will…
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BaFin warns insurers not to delay preparations for SII
The German insurance supervisor has warned that insurers should not wait until 2016 to introduce new capital adequacy rules under…
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Corporate round-up
IRM launches Switzerland regional group, ACE expands global programmes offering in Benelux, AIG appoints new UK Head of Commercial Property,…
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German board managers are the most exposed to personal liability warns Droese
Management board members at German joint stock companies face more personal liability than their colleagues in other countries, according to…
