Italy News

Swiss Re Offers Food, Drink Protection for UK, Ireland, Italy

Swiss Re Corporate Solutions has partnered with UK-based crisis management consultancy The RQA Group to launch comprehensive Contaminated Products Insurance for the food and drink industry in the United Kingdom, Ireland and Italy. The cover offers protection in both the …

U.S. ‘Fiscal Cliff,’ Europe’s Debt Woes Worry G20

Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth. Unless a fractious Congress …

Best Reports Italy’s Non-Life Insurance Sector Faces Shifting Landscape

The Italian non-life insurance market faces changes as the sector is subject to new legislation and industry consolidation, while the country’s ongoing economic challenges constrain demand for coverage, according to a new report from A.M. Best Co. Best explained that …

Swiss Re Reports Italian Insurance Market at ‘Crossroads’ of Change

According to Swiss Re’s latest study – The Italian insurance market: opportunities in the land of the Renaissance – “Italy stands at the crossroads of economic and social change, and therefore offers interesting opportunities for the insurance industry.” The report …

ECB Head Sends Strong Signal Bank Will Act to Protect Euro Zone

European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone from collapse, sending a strong signal that inflated Spanish and Italian borrowing costs were in his sights. Fears about the euro …

Germans Say “Nein! No! Non!” Ahead of Euro Summit

EU leaders go into a Brussels meeting today, Thursday June 28, more openly divided than at any time since the euro crisis began, with Germany’s Chancellor Angela Merkel showing no sign of relenting in her refusal to back other countries’ …

Euro Zone’s Big Four Agree on $163 Billion Growth Boost; Split on Euro Bonds

The leaders of Germany, France, Italy and Spain agreed on Friday on a €130 billion ($163 billion) package to try to revive economic growth in Europe but differed over whether and how to launch joint bonds to combat the euro …

Italy Regulators Conditionally Approve Unipol – Fondiaria-SAI Merger

Italy’s antitrust and insurance regulators have given conditional clearance for a plan by insurer Unipol to take over its loss-making peer Fondiaria-SAI, removing most of the regulatory hurdles hanging over the deal to create Italy’s No. 2 insurer. Unipol agreed …

G20 Backs Europe’s Plans for Euro Zone Overhaul to Fight Crisis

Europe won support from world leaders on Tuesday for an ambitious, but slow-moving, overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy. European countries showed …

World Economies Prepare for Panic after Greek Elections

Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro …