Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU Expected to Agree to Securitization Plan by Year End, to Boost ABS Market
Nov 10 2015 // European Union finance ministers should reach a deal by the end of the year on a plan to revamp the securitization market in Europe, the European commissioner for financial services said on Tuesday. The European market for...
Allianz’ Q3 Profit Down 15% as Earnings Decline at P&C, Asset Management Units
Nov 6 2015 // Allianz SE, Europe’s biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset management units declined. Net income fell to 1.36 billion euros ($1.48 billion)...
A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
Nov 2 2015 // Europe’s largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases...
EU, U.S. Insurance Organizations Call for ‘Full Inclusion’ in the TTIP
Oct 16 2015 // The American Insurance Association (AIA), Insurance Europe, and the American Council of Life Insurers (ACLI) have jointly issued a bulletin that reiterates their support “for the full inclusion of insurance in the...
Drugs Prices Much Higher in U.S. Than in Other Countries: Research
Oct 12 2015 // U.S. prices for the world’s 20 top-selling medicines are, on average, three times higher than in Britain, according to an analysis carried out for Reuters. The finding underscores a transatlantic gulf between the...
Willis Launches European Motor Risk Model for 3rd Party Exposures
Oct 12 2015 // Willis Group Holdings plc has launched a modeling tool that enables risk managers to forecast third party motor risk across Europe. The Dynamic Casualty Forecast tool uses Willis’ proprietary data so that a client...
New FERMA President to Focus on Success of Professional Certification Program
Oct 9 2015 // The new president of the Federation of European Risk Management Associations (FERMA), Jo Willaert, says the success of FERMA’s new professional certification program, rimap, is a principal objective of his two-year...
European Property Underwriting Forms Capacity Agreement with 3 Risk Partners
Oct 6 2015 // European Property Underwriting Limited (EPU), a London-based property owners MGA, has secured an exclusive capacity arrangement with three risk transfer partners, led by HDI Gerling, with major co/reinsurance...
ACE Enhances ACE Travel Smart for European Business Travel Insurance Buyers
Oct 6 2015 // ACE Group has launched two further enhancements to its ACE Travel Smart duty of care proposition for European business travel insurance buyers. The first of the new services is an online dashboard for human resources and...
Supreme Court to Hear Eurail Case on Foreign Entity Liability
Oct 5 2015 // The new Supreme Court term will include high-level discussions of affirmative action, free association and religious liberty. But the first Monday in October is starting with a suit about a Eurail pass. Specifically, the...
FERMA Launches 1st Professional Certification for European Risk Managers
Oct 5 2015 // The Federation of European Risk Management Associations (FERMA) has formally launched its program of European Certification for professional risk managers. It is the first such designation and is designed to reinforce the...
Insurers Respond Slowly to Growing Demand for Cyber Insurance: Timetric Report
Oct 5 2015 // The cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an estimated US$2.5 billion in 2014, according to a new report by...
Competition, Customer Demand Worry Global SMEs but Optimism Rises: Zurich
Oct 2 2015 // Small and medium-sized enterprises (SMEs) around the world are increasingly concerned about the impact of competition on margins and lack of consumer demand, according to Zurich Insurance Group’s third annual global...
Watchdog Says Corporations Say One Thing, Do Another on Climate Change
Oct 1 2015 // It’s all a masquerade. The business world has not embraced action on climate change as statements from some corporations seem to indicate. So says a new watchdog group out of London. Nonprofit InfluenceMap late last...
EU to Ease Capital Regulations for Banks & Insurers to Revive Growth
Sep 30 2015 // The European Union will ease capital rules it has imposed on banks and insurers since the financial crisis to help markets raise more funds for reviving sluggish economic growth. The bloc’s financial services chief,...
A.M. Best: European Insurers Continue Emerging Markets’ Growth – with Caution
Sep 30 2015 // In an attempt to deploy excess capital, some major European insurers have developed overseas operations over the past several years but are now taking a more cautious approach, as not all overseas strategies have proven...
Volkswagen to Recall 11 Million Vehicles for Diesel Fix
Sep 29 2015 // Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand to try to move on from the scandal over its cheating on diesel emissions tests. New Chief Executive Matthias Mueller...
Europe’s Rich Families – Such as EXOR’s Agnellis – Turn Dealmakers
Sep 29 2015 // John Elkann, the leader of Italy’s billionaire Agnelli family, has a way of preparing his relatives for a big takeover battle that you won’t see at your everyday company. In June, he gathered two branches of...
How Regulators Caught Volkswagen’s Diesel Deception
Sep 25 2015 // The confession of cheating that’s embroiled Volkswagen AG in one of the biggest scandals in auto industry history came on a cool California morning, on the sidelines of an academic conference focused on green...
Zurich Joins CityMobil2 to Test Automated Self-driving Buses in Europe
Sep 25 2015 // Zurich Insurance Group announced that it has been selected as the insurance associate to CityMobil2, an EU-funded research project that is staging tests of automated road transport systems with self-driving buses across...
