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
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
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
Santam syndicate 1918 appoints Coley head of claims
Coley will lead the development of the recently launched syndicate’s claims function
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
Insurance Europe criticises nat cat pool proposal
Trade body says ‘supply side’ fixes would be ineffective
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