Richard Miller (mailto:rmiller@bieurope.com)
LONDON?Canopius Group Ltd., a specialist insurance group operating in London and Bermuda, said Wednesday it intends to establish a business unit in Dublin called Canopius Ireland. The new unit, set to launch later this year and which is subject to regulatory approval, will focus initially on...
PRAGUE, Czech Republic?Guy Carpenter & Company L.L.C. is opening an office in Prague on March 1 to expand its business and serve clients in the Czech and Slovak Republics, the New York-based reinsurance brokerage announced. The new office will be part of Guy Carpenter's Central and Eastern...
ZURICH, Switzerland?The European Commission's Environmental Liability Directive (2004/35/EC) offers the insurance industry an opportunity to develop new products, but the process will take some time, according to a newly released report by Swiss Reinsurance Co. in Zurich. The 45-page report, titled...
LONDON?As a result of climate change and urban development, some 150 million people in the world's major cities could be reliant on flood defenses by 2070, more than three times the number affected today, according to a report released Tuesday by the Organisation for Economic Co-operation and...
LONDON? First Title P.L.C., a U.K.-based provider of title insurance for real estate transactions, continues to expand in Europe with its Turkish subsidiary, First Title Istanbul, recently opening new offices in Istanbul's financial district. The move, which follows the insurer's expansion...
VIENNA, Austria?The European Bank for Reconstruction and Development is taking over 20% of UNIQA Osiguranje, part of Austria's UNIQA Versicherungen A.G., which is the fifth-largest insurance company in Bosnia. The London-based bank's investment is the first new project based on an expanded...
PRAGUE, Czech Republic? Italy's Assicurazioni Generali S.p.A. may invest in a Czech private equity firm to become a shareholder of Ingosstrakh, one of Russia's leading insurers. PPF Investments in Prague, an investment arm of Czech financier Petr Kellner, owns 38.46% of Ingosstrakh through its...
VIENNA, Austria?Wiener Städtische Versicherung A.G. (Vienna Insurance Group) announced Thursday changes in the top management of its Czech insurance companies, Kooperativa pojistovna, a.s. and Ceska podnikatelska pojistovna, a.s., both based in Prague. Vladimír Mraz, chairman of the...
German corporate insurance buyers can expect industrial property and casualty rates to continue their decline at this year's renewals, according to members of Germany 's broker association. Rates in 2008 will decrease by about 15% to 20% in property lines and 10% to 15% in casualty lines, said...
ZURICH, Switzerland? Swiss Reinsurance Co. launched Thursday its Climate Adaptation Development Programme, which is designed to develop a financial risk transfer market against weather risks in emerging countries. In a first phase, the Swiss Re program will aim at providing financial...
