English
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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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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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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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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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Increased fraud uncovered in UK’s financial sector
Risk managers operating in, or keeping a close eye on, the UK's financial services industries may be concerned that the…
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Insurer takeover of French brokerage technology company approved
The European Commission revealed this week that it has approved the joint acquisition of Netproassur SASU–a company that develops, implements…
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Courts demanding rise in brokers’ duty of care
Mounting legal precedents are adding to brokers' duty of care responsibilities to both clients and insurers, law firms stressed to…
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Non-life FCA fines fall in 2013 but uptick for brokers
Fines dished out to the UK non-life insurance sector by the country's Financial Conduct Authority (FCA) regulator fell last year…
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Airmic eyes industry certification plans following failed chartered bid
The UK risk and insurance managers' association, Airmic, will look to other bodies' certification efforts after its bid to secure…
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Best practice, innovation and regulation top priorities for Airmic
Chris McGloin, Chairman of UK risk management association Airmic, has identified best practice, the need to help the insurance market…
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Corporate round-up
Airmic set to expand technical team, FM names new leaders for Europe, Middle East and Asia Pac and Catlin launches…
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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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French non-life outlook remains stable – Fitch
The overall outlook for the French non-life insurance sector remains stable going into 2014 but the ratings outlook is negative,…
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Captive news
Cayman sees return to captive growth in 2013, Cayman signs tax information agreement with US, Texas enacts captive relocation law,…
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Tax authorities are turning their attention to global insurance programmes – Richard Asquith, TMF Group
As governments across Europe and globally continue to grapple with inflated deficits, the pressure on state Treasuries and tax authorities…
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ANRA Report 2013–In search of solutions
Commercial Risk Europe’s Editorial Director Adrian Ladbury recently hosted the insurer debate at the Anra conference in Milan. The topics—set…
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US rate increases show signs of tapering
US commercial insurance prices increased yet again in the third quarter of 2013, the eleventh consecutive quarter of rises, according…
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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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CII fails in risk manager chartered status bid
The UK-based Chartered Insurance Institute (CII) has failed in its bid to secure chartered recognition for risk managers.
