Dual Europe names Huy as MD of DeutschlandDual Europe, the specialist European underwriting arm of Howden Group, has appointed Frank Huy as managing director of Dual Deutschland.
HDI Global expands presence in continental Europe with new Lisbon officeIndustrial lines insurer HDI Global has continued its international expansion with the launch of another branch in the Iberian Peninsula.
Arch continues European cyber push with new French officeArch Insurance has further expanded its European cyber offering with the launch of a French operation, led by Sergio Pierro as senior cyber underwriter and Roxanne Deslandes as cyber underwriter.
Topdanmark posts 84.7% CR as weather-related claims climb to DKK153mnDanish insurer Topdanmark has posted a combined ratio of 84.7 percent for the third quarter, marking a year-on-year deterioration of 3.2 percentage points as Scandinavian carriers grapple with higher-than-expected weather-related claims.
Brown & Brown continues UK expansion with Ageas partnershipBrown & Brown has continued to expand its European consolidator platform with the launch of a partnership with the UK arm of Belgian insurer Ageas.
Howden grows in Europe with acquisitions in Luxembourg and BelgiumHowden has established a retail presence in Luxembourg with the acquisition of the portfolio of United Brokers S.A., and has also strengthened its position in Belgium with the acquisition of WDR Insurance Group.
Jensten grows in regions and adds Irish footprint with Berns Brett acquisitionUp-for-sale UK broker consolidator Jensten Group has completed the acquisition of Berns Brett in a strategic move which strengthens both its regional and specialist broking offering.
AerCap’s Celestial receives $501.5mn insurance payout over Russia jetsAerCap’s Irish subsidiary has agreed a cash insurance payout of $501.5mn to settle claims related to a number of aircraft previously leased to Russian airlines which were seized following the invasion of Ukraine, The Insurer understands.
Europe not immune from US casualty drivers but more stable 1.1 expectedA number of reinsurers at Baden-Baden this week have begun taking a position on European casualty treaty as they highlight social inflation concerns, but the consensus so far is that the 1.1 renewal on the Continent will be far more stable than the shift expected in a hardening US liability market.
Pickel warns German storms to add rate pressure at 1.1 as E+S Rück nears large loss limitE+S Rück CEO Michael Pickel has warned that European reinsurers are set to respond to this year’s run of storm activity with a mixture of rate increases and adjustments to carrier retentions.
Howden adds McNamara to capital and advisory armHowden has appointed Alan McNamara as an executive director within its capital, advisory and placement arm.
Sompo Intl continues continental Europe push with Marcén to lead Iberia PlSompo International has further expanded its presence in continental Europe with the appointment of Olivier Marcén as head of professional lines for its insurance operations in Iberia.
E+S Rück: P&C Re price increases and improved conditions expected at 1.1E+S Rück, Hannover Re’s German business, has said it expects further price increases and improved conditions for P&C reinsurance renewals at 1 January 2024.
European MGA-reinsurance fronter Accredited finally sold to Onex PartnersPrivate equity interest in the MGA-reinsurer fronting sector continued with news late on Friday that European-US hybrid carrier Accredited is to be sold to Onex Partners.
CCR Re puts emphasis on partnerships as it looks to deploy greater capacity at 1.1Cedants are increasingly seeking long-term partnerships after many were left with mixed feelings following the shift in reinsurer appetite at renewal, according to CCR Re’s Laurent Montador.
Reinsurance in Europe – the 2023 viewTransRe’s new president of EMEA, Julien Mollinier, joins European chief business development officer Rüdiger Skaletz to discuss the state of reinsurance in the region.
EMEA’s reinsurance outlook: smoother renewals expected but dislocations still existMS Reinsurance’s Jörg Bruniecki examines the outlook for the EMEA region.
New hazard data is key to improving the response to increasing flood risk across EuropeICEYE’s Anke Sielker and Mirka Vahtera on the importance of data in providing a more complete flood picture.
Standing apart from the crowdHaving rejoined Aon in 2023, Nick Fraccalvieri, Reinsurance Solutions’ leader of EMEA facultative, explains how the firm is enhancing its competitive advantage in the region to help shape better business decisions.
Allianz and Axa retain leading spots in Europe as mid-tier carriers battle for GWPEurope’s 10 largest insurers by gross written premium remained unchanged last year but there was fierce competition among the rest of the top 30, with Beazley, Sampo and Vienna Insurance Group among the largest movers.