Belgium News

Belgian Gov’t. Names Former FERMA President Dequae to Dexia Board

The Government of Belgium has appointed Marie Gemma Dequae, currently a scientific advisor to the Federation of European Risk Management Associations (FERMA) and a past president of the federation, as an independent director of Dexia Bank Belgium and its subsidiary …

Europe Weather Ruins Christmas for Airlines, Retailers

Snow and freezing temperatures grounded flights across northern Europe on Tuesday, while retailers fretted they would struggle to make up sales lost due to bad weather with just four shopping days to Christmas. Eurocontrol, the umbrella group for air-traffic control …

Lloyd’s Warns of ‘Increasing Stress’ on Water Resources

“Water scarcity is a pressing problem around the world – and not just in countries that have an arid climate,” warned Lloyd’s in its latest 360 Risk Insight report. “Water is a critical resource in mature economies, as a commodity …

Aon Benfield Cat Report for November Highlights Cold and Floods

In its latest monthly assessment of the world’s catastrophes for November Aon Benfield highlights the first winter weather event of the season across Europe with “notable affects.” the report, published by the company’s Impact Forecasting team, who evaluate global natural …

Northern Europe Counts Costs of Early Winter Weather

Heavy snow caused travel chaos across much of northern Europe on Thursday, keeping London’s Gatwick airport closed for a second day and disrupting road and rail travel in France, Germany and Switzerland. Days of sub-zero temperatures and snow in Britain, …

UN Climate Talks Seek to Bridge Rich-Poor Divide

A new round of U.N. climate talks opens on Monday with almost 200 nations meeting in Mexico in hopes of clinching an agreement on a narrow range of crunch issues dividing rich and emerging economies. The two-week conference at the …

Swiss Re Structures $386 Million ‘European Windstorm’ Notes

Swiss Re’s Capital Markets Division has structured €275 million [$386 million] in notes as an alternative risk transfer vehicle, covering European windstorm events, for AXA Global P&C’s Calypso Capital Ltd., a special-purpose company incorporated in Dublin, Ireland. “The notes, which …

Marsh Sees ‘Positive Developments’ in Europe Trade Credit Insurance

According to a report from Marsh’s London office, “new insurance capacity, increased competition for business among insurers and improved risk management have led to positive developments for buyers of trade credit insurance across most of Europe in 2010, following two …

Marsh Appoints Woolley and Petit-Lambotte as EMEA P/C Leaders

Marsh has appointed Caroline Woolley as Property Practice Leader, and Alain Petit-Lambotte as Casualty Practice Leader, for Europe, the Middle East and Africa (EMEA). A bulletin from Marsh’s London office explained that the new leaders are “part of its drive …

OECD Launches Platform to Coordinate International Terrorism Insurance

The heads of all the national terrorism insurance programs of the OECD (Organization for Economic Co-Operation and Development) member countries met earlier this month at the OECD headquarters in Paris in an attempt to assure that terrorism risks will continue …