Europe News

Canopius’ Chief Inga Beale Stresses ‘Client Focus’ for European Success

Lloyd’s has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, explained Inga Beale, Group Chief Executive at Canopius Group Ltd. in an article on the Lloyd’s web site. …

WTO Cuts 2012 Global Trade Growth Forecast to 2.5%

World trade will grow by a mere 2.5 percent this year, dragged down by Europe to less than half of the previous 20-year average, the World Trade Organization (WTO) said on Friday. The WTO cut its estimate from a 2012 …

Catlin Re Switzerland Names Eugster Chief Underwriting Officer

The Catlin Group Limited announced that Markus A. Eugster has been appointed Chief Underwriting Officer for Catlin Re Switzerland. He joined Catlin in 2010 as Underwriting Director and Deputy Chief Underwriting Officer at Catlin Re Switzerland. In his new role, …

Kiln Appoints Pudemat Property Underwriter in Frankfurt

Kiln, the international specialist insurance and reinsurance underwriting group, which is a part of Tokio Marine, announced that it has appointed Petra Pudemat as a new property underwriter in Frankfurt to write a broad range of property and facultative risks …

Goofy Gordon Going Wrong Way; Storm Heads for Europe

The most recent bulletin from the National Hurricane Center in Miami focuses on highly unusual Tropical Storm Gordon. It’s not unusual as a tropical storm, except for one detail – Gordon is heading directly east towards Spain and Portugal, rather …

Aon Benfield Monthly Cat Report Highlights China Floods; Agriculture Losses

The latest report on the world’s catastrophes from Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, highlights flooding in China that generated more than $8.3 billion in economic losses across the country in July. Paradoxically the …

Recession, Libor, Facebook Punish Europe’s Banks

Leading European banks reported dismal profits on Tuesday, blaming everything from the continent’s debt crisis and Spain’s property market crash to Facebook’s disastrous stock market debut. Within a space of an hour UBS of Switzerland, Deutsche Bank, BBVA of Spain …

Willis Opens New ‘Superyacht’ Office in Barcelona

Willis Group Holdings announced the imminent opening of new Superyacht insurance brokerage office at the prestigious MB92 shipyard in Barcelona, planned for September. In connection with the new facility Willis said it “is offering all visitors a free analysis of …

World Bank Head Warns No Region Immune to Europe Debt Crisis

World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past …

Ironshore Europe Makes 3 Executive Appointments for London Office

Ironshore Europe Limited announced three executive appointments in its London office, effective immediately, “to align management leadership with business development opportunities within European markets,” according to Fiona Marry, CEO of Ironshore Europe. Peter Coleman, who joined Ironshore at its inception …