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Latest Europe News

IUMI sets sail for Mother City

The International Union of Marine Insurance’s annual conference is heading to Africa for the first time in its long history, as current president Dieter Berg looks to depart.

QBE steps up sustainable stance

The partnership of emerging climate risk manager Jupiter with QBE Insurance Group is a move that reinforces the insurance giant’s sustainable initiatives.

H1 2018 global insured losses low

Insured losses for the first half of the year reached $20bn, a third lower than that incurred during the same period in 2017 according to Swiss Re's latest Sigma report.

R&Q partners with trio of European MGAs

It is Brexit uncertainty that belies R&Q’s decision to sign up with three EU-based managing general agents.

The talk of the town

Rendez-vous veterans Paddy Jago and Ken Randall discuss the different challenges facing the industry that will enliven discussions at the Monte Carlo Rendez-vous.

LSM aims to quadruple Continental European GL business

The company wants to increase fourfold the amount of general liability it writes in Continental Europe within the next seven years.

Zurich sees growth amid acquisitions

Zurich enjoyed a profitable second quarter with a 12% increase in operating profit to $2.4bn and first half-net income after tax rising 19% year on year to $1.8bn.

Double digit growth for Hannover Re P&C

Hannover Re saw significant gross written premium growth with a continued rise in demand for structured reinsurance solutions in the regions of Europe and North Africa and an increase in traditional insurance rates the main drivers.

Lillelund's AIG return sparks shuffle

Thomas Lillelund has returned to AIG as CEO of the company's new European operation, leaving Emil Issavi to succeed him in the top job at Aspen Re.

Comments

Editor's comment: GDPR: which insurer will be whacked first?

Financial institutions are in a tizzy regarding the EU's General Data Protection Regulation due to its steep fines and extensive requirements- who will be the first insurers to feel the sting?

Senior reporter comment: After Brexit - FREE

It’s no exaggeration to say that in London on the morning of Friday June 24, there was an outbreak of grief, heartbreak and tears, following the news that Brexit had triumphed in the referendum and the UK was set to leave the EU.

Editor's comment: Protectionism and Brexit - FREE

Protectionism is about the worst enemy that re/insurance faces, aside from Armageddon at the hands of war or natural catastrophe.

Garry Booth comment: Future shock warning - FREE

Some of what Alvin Toffler, author of influential book Future Shock, said about society could be applied to the insurance industry’s state of mind.

Editor's comment: Reinsurers' sleight of hand - FREE

The cheating phase of reserve releases is well underway, but reinsurers' underlying RoEs are reaching new lows, David Benyon, editor of Reactions, writes.

Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

M&A covers: After the happy ending

Plenty of excitement surrounds news of a merger or acquisition, but often only part of the story ever makes it into the press.

Garry Booth comment: no COP out for insurers - FREE

As the euphoria around the “success” of the COP21 climate talks subsides, and reality bites, the insurance industry can start to take stock of what it all means for them.

Editor's comment: a new golden era for run-off? - FREE

2016 is fast becoming a year of rich pickings for run-off specialists, writes David Benyon, editor of Reactions.

Interviews

Regime change: Pool Re's Julian Enoizi

Pool Re CEO Julian Enoizi spoke to Reactions about the new deal struck with the Treasury and the changes he is now driving through to modernise the UK'?s terrorism risk reinsurance pool.

Profiles: Top women in re/insurance

Profiles: Contrary to the diverse consumer base insurance serves, most industry C-suites are dominated by white, older men. Reactions speaks to some of the industry’s most renowned women as well as what can be done to get more women in the industry.

Kevin O'Donnell's tough act to follow at RenRe

Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.

Albert Benchimol: Axis Capital ready to thrive

Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.

Eiopa defends interim Solvency II measures

We ask Carlos Montalvo Rebuelta, the European Insurance and Occupational Pensions Authority's executive director, for more details on interim guidelines for Solvency II and his response to criticism from insurers and reinsurers over the directive's delay.

Profile: ANV’s three-pronged attack

Matthew Fairfield, CEO of Amsterdam-based start-up insurer ANV, believes the fall-out from the financial crisis has created the perfect opportunity for a new insurance and reinsurance player to enter the market and thrive.

Talanx's industrial insurance evolution

Company profile: German insurance group Talanx, majority owner of Hannover Re, has floated at last. But the group will not use the deal as a springboard for aggressive growth, says the CEO of its industrial insurance unit.

Interview: John Nelson, chairman of Lloyd's - The internationalist

John Nelson has had a busy first year as chairman of Lloyd’s, with the market’s Vision 2025 plan his biggest contribution so far. He believes the make-up of firms and people at Lloyd’s is not diverse enough.

Profile: Validus’ Ed Noonan bounces back

Ed Noonan, CEO of Bermudian reinsurer Validus, has responded to missing out on Transatlantic Re by launching a $500m joint venture with hedge fund manager John Paulson and agreeing to buy Flagstone Re for $623m. He says it is time to adapt or die.

Latest Issue

Summer 2018

 

In this month's Reactions

  • Preparing for Pandemic
  • Charles Goldie interview
  • Rupert Swallow interview
  • Latin America Awards
  • Urs Baertschi interview
  • Reactions London Conference write up
  • JLT Specialty USA overview
  • Steven Beard interview
  • AIRMIC review
  • Labuan: Asia's Rising Star

CLICK HERE TO READ THE LATEST ISSUE

 

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