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Europe

We provide extensive on Europe's major re/insurers

 

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

Regulation Finance

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%

London Specialty

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

Guy Carpenter / Marsh London

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

Scor Reinsurance

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

Legal focus Regulation

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%

Stockwatch Travelers

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

Strait of Hormuz crisis Lloyds

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

Marine Specialty

PRA official says ‘early account scheme’ has been a success

Early Account Scheme producing ‘real behavioural change’, enforcement and litigation division chief David Chaplin says

Regulation Finance

Santam syndicate 1918 appoints Coley head of claims

Coley will lead the development of the recently launched syndicate’s claims function

Lloyds Claims Management

London market scheme launched to tackle expert payment delays

New initiative from LMA, IUA and Liiba seeks to address operational payment delays to support continued availability of specialist survey services

London Lloyds

Insurance Europe criticises nat cat pool proposal

Trade body says ‘supply side’ fixes would be ineffective

Europe Climate change
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