Germany
Europa placed on positive watch ahead of acquisition
Europa has had its rating watch upgraded in high of its proposed takeover by Talanx.
View from the top: Regulation - it’s a matter of the right amount
Time and again, debates rage as to the role of the European Central Bank in the crisis.
Direct Line in Germany implements new business continuity infrastructure
German insurer, Direct Line Versicherung AG, has implemented Datacore's business continuity and disaster recovery architecture.
Generali's German subsidiaries downgraded
Generali Group's three German non-core subsidiaries have been downgraded by Fitch, following the downgrade of their parent company.
Perils updates windstorm exposure data for 11 European countries
Perils, the independent organisation that provide industry-wide catastrophe insurance data, has updated the windstorm exposure data for 11 European countries.
Talanx announces acquisition plans
German insurance group Talanx is to purchase insurance companies Europa Non-Life and Europa Life from private financial group Getin Holding.
Allianz expands offshore energy
Allianz Global Corporate & Specialty has appointed Pete Connors as offshore energy global product leader with effect from January 3, 2012.
European financial services M&A activity down by 25%
There has been a significant slowdown in European financial services M&A activity during the Q3 of 2011.
Young women could see 11% rise in car premiums due to gender ruling
A study quantifying the economic impact on European consumers of the EU's gender ruling will hit young women hardest, with an 11% rise in car insurance premiums.
Talanx licenses Towers Watson software for global risk management
Talanx has purchased Towers Watson's financial modelling and reserving software to harmonise its regulatory capital reporting.
Product innovation in European insurance firms is widespread
Product innovation in non-life insurance is widespread according to a new report.
Torus acquires Starr’s Continental Europe renewal rights
Specialty insurer Torus's syndicate 2243 has acquired the renewal rights to the European business of CV Starr's syndicate 1919.
Munich Re receives funding from German ministry for climate change initiative
Munich Re has teamed up with the Caribbean Catastrophe Risk Insurance Facility and specialist microinsurance broker Micro Ensure to develop insurance solutions developing countries vulnerable to climate change.
Allianz targets profit with overhaul of property business
Allianz Deutschland AG is restructuring its German property insurance segment, with the aim of returning the business to growth and profit long term.
Fire protection sprinklers: The market needs saturating
Despite research showing sprinklers significantly reduce economic damage and environmental impact following major fires, hopes for mandatory legislation remain low.
Arag chooses Barrie & Hibbert for Solvency II internal model
German insurer, Arag, has selected financial services firm Barrie & Hibbert for its internal model for market risk and for quantifying strategic asset allocation opportunities in a Solvency II environment.
Insurance key to encouraging private investment into renewables
Significant financial risk is most acute hazard for renewable energy sector, according to a report by Economist Intelligence Unit and Swiss Re.
Allianz appoints two board members
Allianz Global Corporate & Specialty (AGCS) has made two new appointments to its Board of Management.
Sovereign debt crisis is worsening, says HiFX foreign exchange dealer
Germany's failed bid to auction off $6bn of government debt has fuelled concerns that the sovereign debt crisis is worsening.
Allianz promotes aviation manager to head of broker development
Allianz Global Corporate & Specialty has promoted Zoe Layden to the role of senior broker development manager for the UK business.
Achleitner departs Allianz to join Deutsche Bank board
Allianz CFO Paul Achleitner is leaving Allianz’s managing board at the end of May to join the supervisory board of Deutsche Bank.
Torus adds senior members to European P&C team
Insurer Torus has made two senior appointments with the aim of strengthening its European property and casualty platform.
Torus completes double underwriting recruitment coup
Global insurer Torus has bolstered its European offering following the appointment Brian Byrnes as senior underwriter for property and Marco Sonntag as senior underwriter for casualty.
Blaser returns to Allianz
German insurer Allianz has appointed former motor head Roman Blaser as chief underwriting officer of global automotive.