Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
China Anti-Terrorism Law Raises Implementation Concerns: European Chamber
Dec 31 2015 // The vague wording of China’s new counter-terrorism law raises concerns about how telecommunications carriers and network service providers will be expected to implement the regulations in practice, the European...
Willis Completes Acquisition of France’s Gras Savoye
Dec 30 2015 // Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, announced the completion of its acquisition of Gras Savoye, the leading French insurance broker. On April 22,...
ACE Appoints Two Senior Leaders in European Management Team
Dec 29 2015 // ACE Group announced two appointments within its European management team, with immediate effect. Drazen Jaksic, currently executive vice president for Combined Insurance in Europe and Asia Pacific, has been appointed to...
Europe’s Banks Increased Infrastructure Investments Erodes Insurers’ Returns
Dec 22 2015 // The return of banks into the European infrastructure market is denting insurers’ ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European politicians have...
Best Reports Bermuda Inching Toward Solvency II Equivalence
Dec 22 2015 // A.M. Best has issued a briefing report, which notes that “Bermuda moved one step closer to achieving Solvency II equivalence on November 26, 2015 when a delegated act regarding the equivalence of the supervisory...
Marketform M&A Underwriter O’Reilly Moves to London as Sector Expands
Dec 21 2015 // Specialist Lloyd’s underwriter Marketform announced that M&A underwriter Astrid O’Reilly is relocating from Singapore to London as the company looks to strengthen the M&A product offering within the...
Milliman Report on Europe, Japan, Asia Insurers Sees Increased Embedded Value
Dec 21 2015 // Global consulting and actuarial firm Milliman, Inc. has announced the availability of two new reports detailing embedded value (EV) results for 32 major insurance companies in Europe and Japan and 14 major insurance...
EU Adopts New, Tougher Rules for Tracking Jetliners
Dec 16 2015 // The European Union on Wednesday adopted new rules to make it easier to track jetliners, stepping up international efforts to prevent a repeat of the disappearance of a Malaysia Airlines jet with 239 people on board. The...
Survey Concludes Europe’s Regulators ‘Gold-Plating’ New Insurer Capital Rules
Dec 15 2015 // Domestic regulators are increasingly “gold-plating” new European insurance capital rules by adding their own more stringent requirements, according to a survey of insurance trade associations. Two-thirds of...
Auto Insurance? Pensions Online? EU Wants Cross-Border Financial Market
Dec 10 2015 // Creating a pan-European retail market in car insurance and pensions largely hinges on whether 500 million consumers will go online to widen their choice of products, the EU’s executive body said on Thursday. The...
India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap
Dec 8 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred...
Cyber Insurance Underwriting Moves from ‘Toddler’ to ‘Teen’ As Insurers Learn from Claims
Dec 8 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Ironshore International Announces Continental Europe Markets Expansion Strategy
Dec 7 2015 // Bermuda-based Ironshore International has announced an expansion strategy to establish a locally-driven presence in selected Continental European markets. As part of the initiative, “Ironshore Agency Limited is...
Group of UK Insurers Win BOE Approval for Solvency II Capital Requirements
Dec 7 2015 // Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England approval of the models they use to calculate capital requirements under the European Union law known as...
Growth in Cyber Insurance Sustainable if Underwriting, Pricing Are Right
Dec 7 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
ECB Decision to Extend Quantitative Easing Hits European Insurers’ Shares
Dec 4 2015 // Shares of European insurers fell after the European Central Bank decided to extend its quantitative easing program until at least March 2017 and broaden the range of assets purchased. The decision is...
ACE Appoints Leadership Team for Chubb Group’s European Division
Nov 24 2015 // ACE Ltd. announced members of the leadership team it intends to appoint for the European Group of the new Chubb Group’s Overseas General Insurance division, which includes Austria, Belgium, Czech Republic, Denmark,...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
U.S. to Pursue Covered Agreement with EU for Re/Insurers
Nov 22 2015 // The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based...
Large British Insurers Get Major Exemption from Proposed EU Audit Rules
Nov 20 2015 // Britain’s biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union rules will...
