Munich, skyline

Munich Re mulling asset management arm sale: report

2018-06-21T08:17:00+01:00

Munich Re is considering selling off its asset management unit to US industry giant Guggenheim, according to reports. 

stockmarket shares chart

4 in 5 insurers seeking acquisitive growth by 2021: KPMG

2018-06-19T16:13:00+01:00

Around 81 percent of insurers globally intend to undertake between one and three acquisitions in the next three years, according to analysis by KPMG.

allianz logo

Allianz weighing approach for RSA, Aviva: report

2018-06-18T07:53:00+01:00

German insurance giant Allianz is mulling a takeover approach for large UK carriers including RSA and Aviva after the Oliver Bäte-led company was beaten to the punch in pursuit of XL Group.

Bank of greece

Gongbao to discuss EUR650mn Ethniki bid with Greek regulators

2018-06-11T07:20:00+01:00

Chinese investment firm Gongbao will sit down with representatives from the Greek financial regulator, Bank of Greece, later this week after submitting a formal bid for Ethniki the up-for-sale Greek insurer.

Putin

World Cup could demand over $7bn of cover: Beazley

2018-06-08T16:07:00+01:00

London insurer Beazley has estimated that (re)insurers could have written up to $7.4bn of cover for the World Cup, which kicks off in Russia later this month.

The central bank of ireland (new headquarter building on north wall quay)  along botanic avenue (january 2018) 135333 (39605103092)

Arch picks Dublin for post-Brexit hub

2018-06-07T08:39:00+01:00

Arch has set out plans to expand its underwriting operations in Ireland so it can continue trading across the continent once Britain leaves the European Union.

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Luxembourg approves RSA post-Brexit subsidiary

2018-06-05T08:02:00+01:00

Regulators in Luxembourg have approved London-based RSA’s application to set up an insurance subsidiary in the country in the wake of the UK’s decision to leave the EU.

Rock of gibraltar

Markerstudy consolidates subsidiaries after Qatar Re takeover

2018-06-05T13:15:00+01:00

Motor insurance MGA Markerstudy has set out plans to brings its entities under a single brand - Markerstudy Insurance Services Limited (MISL).

Brexit

MS Amlin given greenlight for Belgium hub

2018-06-05T14:26:00+01:00

MS Amlin has received approval from the National Bank of Belgium to re-domicile one of its UK businesses Amlin Insurance SE (AISE), from the UK to Brussels.

xlcatlin london

XL Catlin lures Smyth back from Aspen to head excess casualty business

2018-06-04T14:09:00+01:00

XL Catlin has appointed former employee Donnacha Smyth as president of its global excess casualty insurance business.

London

BHSI promotes Colahan to UK and Europe head

2018-06-04T07:54:00+01:00

Berkshire Hathaway Specialty Insurance (BHSI) has moved the head of its recently minted Australasian unit Chris Colahan to become the new boss of its UK and Europe division.

Luca beltrami, palazzo delle assicurazioni generali, milano (1897 1901)

Generali shares drop as political turmoil jolts Italian markets

2018-05-29T09:24:00+01:00

Shares in Italian carrier Generali have shed nearly 4 percent in early trading in Milan as Italian markets fell sharply after politicians failed to form a government over the weekend, prompting fears of a new election.

qbe logo

QBE secures approval for post-Brexit Belgium arm

2018-05-29T10:02:00+01:00

QBE has been granted a license for its new Belgian subsidiary, which will serve as the Australian carrier’s European hub in the wake of Brexit.

Swiss re

Softbank’s play for Swiss Re stake ends without a deal

2018-05-29T06:49:00+01:00

Japanese investment powerhouse Softbank has failed to get a deal over the line to acquire a chunk of Swiss Re.

Cyber security

AIG warns GDPR to boost cyber claims as ransomware spectre remains

2018-05-24T09:20:00+01:00

The introduction of the new European General Data Protection Regime (GDPR), which comes into effect tomorrow, is set to cause a spike in cyber claims as the regulation offers another “tool for negotiation by extortionists”, according to AIG.

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Lloyd’s Brussels given regulatory green light

2018-05-23T09:52:00+01:00

Lloyd’s has received confirmation from the National Bank of Belgium that is has been granted a licence to set up its new Brussels subsidiary.

Amsterdam_052006

Tech is coming for commercial insurance - just maybe not quite yet

2018-05-22T07:55:00+01:00

When will technology firms displace existing players in the traditional commercial and specialty (re)insurance arena?

aig city of london

Nat cats push AIG Europe to $582.4mn 2017 loss

2018-05-18T09:33:00+01:00

The natural catastrophes that plagued 2017 were a key contributor to the £431.5mn ($582.4mn) loss that AIG Europe posted in 2017.

Stuart McMurdo

Scor appoints McMurdo as UK insurance boss

2018-05-17T14:56:00+01:00

 Scor has appointed Stuart McMurdo as CEO of its UK insurance company, re-Insurance.com can reveal.