Europe
We provide extensive on Europe's major re/insurers
LMA publishes SME property and BI wording
Wording provides ‘comprehensive cover’ for damage to insured property and associated business interruption losses
Carbon secures growth investment from FTV Capital
Investment will support growth of Carbon’s delegated underwriting platform and its international expansion plans
Hedge funds and multi-asset managers grab ILS market share
Banks and hedge funds reported to be hunting catastrophe modelling talent, but experts say specialists funds will remain dominant
Aon names Reid EMEA facultative reinsurance chief
Global broker hires Sompo executive Mike Reid to succeed Nick Fraccalvieri
Bill raises fears of lack of oversight of UK regulators
Insurance associations and House of Lords committee worry Financial Services and Markets Bill weakens proportionality requirement
Rebranded London P&I unveils surplus despite second straight underwriting deficit
International Group affiliate books operating surplus of $21.2m for the policy year, but combined ration slides to 108%
Guy Carpenter combines UK P&C and London Europe teams
The combined team will be led by Leon Janeke, who has been head of the broker’s London Europe team for the last three years
Arbitration panel awards Covéa $488m in Scor retro dispute
Covéa sought the enforcement of a number of retrocession treaties entered into with Scor in June 2021
Insurers must prepare for UK’s Crime and Policing Act 2026
Companies that move quickly to strengthen governance, monitoring and accountability frameworks will be better placed to reduce their exposure to criminal liability
Travelers and Swiss Re lead as insurance stocks continue to rise
US insurance giant’s shares climb 4.8% as Swiss reinsurance heavyweight’s stock gains 4%
Tiernan ‘chewed out’ by Washington over Strait of Hormuz
The Lloyd’s market was accused by the US of ‘not stepping up to the plate’ over war risk cover, chief executive reveals
50% jump in bunker claims since Hormuz crisis, Gard confirms
Contaminated fuel damages engines and is disabling vessels, as claims surge amid Middle East crisis, reports marine insurance giant
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