Posts Tagged ‘Sweden’



June 14th, 2016

Guy Carpenter Appoints CEO of GC Stockholm

Posted at 11:20 PM ET

Guy Carpenter today announced the appointment of Tobias Andersson as CEO of GC Stockholm, effective April 1, 2017. He will succeed Tomas Ljungqvist, who will become Chairman of the division.

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September 11th, 2012

Guy Carpenter Report Details European Legislative Developments for Casualty Insurance Market

Posted at 11:30 PM ET

Guy Carpenter issued its semiannual analysis of key European legislative developments affecting the casualty insurance industry. Produced in collaboration with law firm Heuking Kühn Lüer Wojtek and its network of legal experts across Continental Europe, the report, Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry, analyzes the most impactful and significant legislative changes and judicial developments across 11 jurisdictions, which include:

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May 8th, 2012

Continental European Legislative and Judicial Trends: Supreme Court Clarifies Meaning of Occupational Injury Exclusion in Product Liability Insurance in Sweden

Posted at 1:00 AM ET

David Lewin, Managing Director
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Background

A Swedish manufacturer of industrial fire protection systems sold and delivered equipment to a manufacturing company in the state of Michigan, United States. In May 2001, two employees of the U.S. company were seriously injured during working hours when they tried to extinguish a fire on company premises.

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April 24th, 2012

European Countries Face Continued Challenges Adapting Local Legislation to EU Legal Requirements

Posted at 1:00 AM ET

Guy Carpenter published its semiannual report on key legislative developments in Europe affecting liability insurers and reinsurers. A number of these developments underscore the challenges in adapting local legislation and jurisprudence to European Union (EU) and international law.

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January 25th, 2012

January 2012 Reinsurance Renewal: Nordic

Posted at 1:00 AM ET

Reinsurance rates in general were flat in Scandinavia at the January 1, 2012, reinsurance renewal with the exception of catastrophe rates, which increased modestly for loss-free programs and significantly for loss-affected programs. A reduction in capacity for catastrophe business contributed to pricing in the region, whereas the capacity for non-catastrophe business was plentiful. Reinsurance structures were generally unchanged year over year.

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November 17th, 2011

Conclusion: Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry, Fall 2011

Posted at 1:00 AM ET

A broad diversity of topics is investigated in our latest update:

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November 16th, 2011

Continental European Legislative and Judicial Trends: Negligent Auditor Liable to Capital Insurance Policyholder

Posted at 1:00 AM ET

David Lewin, Managing Director
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Swedish Tax Law and Capital Insurance

Under Swedish tax law, each transaction in securities, such as those involving shares and funds, triggers a 30 percent tax on profits. Consequently, capital insurance (Kapitalförsäkring) - a type of savings product - has become increasingly popular.

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November 15th, 2011

Continental European Legislative and Judicial Trends: Swedish Supreme Court Makes Final Ruling: Motor Insurance, Not Taxpayers, to Settle Road Tanker Accident Repair Bill

Posted at 1:00 AM ET

David Lewin, Managing Director
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Facts of the Case

As reported in the April 2010 issue of this series, a tanker-truck was involved in a traffic accident in November 2005 on one of two parallel bridges in Sweden. The cab and the tank trailer overturned, landing between the bridges. About 55,000 liters (14,529 U.S. gallons) of an explosive and flammable liquid poured down between the bridges and ignited. The resulting fire caused extensive damage to the bridges.

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June 15th, 2011

Continental European Legislative and Judicial Trends: Swedish Supreme Court Decision on Enforcement of Romanian Judgment in Sweden

Posted at 1:00 AM ET

David Lewin, Managing Director
Contact

Background

According to a judgment rendered in October 2006 by a Romanian court, a Swedish insurer was ordered to pay compensation to a traffic injury victim for loss of income and medical care, as well as USD700,000 for non-economic loss. The awarded amount was said to be nine times what the victim could have been awarded by a Swedish court.

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March 11th, 2010

Jan 1 Renewals in Scandinavia

Posted at 10:00 AM ET

The Scandinavian market was characterized by increased capacity provided by several reinsurers. Soft market conditions prevailed and rate changes were generally flat to declining. Loss-free cat excess of loss lines were flat to declining 5 percent. Property Risk business without losses was flat to down 5 percent. However, Property Risk business with losses, experienced rate changes that were flat to increasing 5 percent.

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