Insurance Industry: "SURE" takes close look at readjustments and consolidations taking place in the European insurance industry

The Summer issue of SURE published by Koster Insurances takes a special look at the readjustments and consolidations taking place in the European insurance industry .

Also in this issue additional information on the upheaval in the European Insurance industry which comes not only as a result of new EU regulations affecting the Insurance market, but also as a direct consequence of changing economic times, circumstances and influences. Among these outside influences, probably one of the most important being the low interest rates.

SURE notes that For multinational companies, including those in the insurance industry, another dark cloud on the horizon seems to be that there is a general consensus among governments around the world, including the EU, that something has to be done about the tax evasion practices by many multinational corporations. To combat this problem the EU is presently developing a common EU tax base.

This issue of SURE also reviews the EU's sustainable energy strategy and how it can positively influence the job market, and looks specifically at market developments in Britain, Poland, Sweden, and the Netherlands concerning the insurance industry.

Koster Insurances, the publisher of the publication also announced in this issue that this would be the last issue of SURE in its present format. The publication was first published in 2006. 

EU-Digest

EU Airline Industry: KLM will remain 'full division' of Air France-KLM multinational - 10 % of workforce to be cut

Dutch flag carrier KLM will remain a full division of the integrated airline Air France-KLM, despite planned changes in the company structure, new chief executive Alexandre de Juniac says in Wednesday's Financial Daily..

De Juniac, who takes over from Jean-Cyril Spinetta on July 1, plans to run the company more as a multinational, the FD says. This means giving more power to the holding above the Air France and KLM operations, which are currently largely self-managing.

Centralisation in Paris led to fears in the Netherlands that the position of KLM and Schiphol airport would be weakened, but this is not the case, De Juniac told the FD in an interview.

The new organisational structure will not lead to extra job losses. The airline announced earlier that the workforce is being cut by some 10%. KLM employs 30,000 people in the Netherlands.

'We are currently a French-Dutch company but we have to become a multinational like Heineken or Unilever,' De Juniac told the paper.

Read more: DutchNews.nl - KLM will remain 'full division' of Air France-KLM multinational