Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
FERMA Calls on EC to Renew Insurance Block Exemption Regulation
Nov 7 2014 // In a response submitted to the European Commission on Tuesday 4 November, the Federation of European Risk Management Associations (FERMA) has called for renewal of the Insurance Block Exemption Regulation (IBER) for...
CNA Appoints Execs to Hardy’s Energy, Marine, Aviation Team
Nov 6 2014 // CNA Financial Corporation announced several senior appointments to the Energy, Marine and Aviation (EMA) team of London-based Hardy (Underwriting Agencies) Limited, an independent wholly-owned, indirect subsidiary of CNA,...
Low Disaster Claims Boost Profits in Third Quarter for European Insurers
Nov 6 2014 // European insurers posted strong increases in earnings in the third quarter, helped by a slump in payouts for catastrophe damage, rising premium income, cost cuts and a weaker euro. Besides losses from the Malaysia Airlines...
EU Cyber Watchdog Warns: More Money, Action Needed to Combat Hackers
Nov 5 2014 // Banks need to put more money into combating hackers who have the potential to wreak havoc throughout the continent, the director of the European Union’s cybersecurity agency said. “We don’t know if there...
Foreign Mortgage Bond Buyers Surpass Danish Pension Funds, Insurers
Nov 4 2014 // International investors are overtaking Danish pension funds and insurers as the biggest buyers of the Nordic country’s covered mortgage bonds, creating new risks for the $500 billion market. The institutional...
Zombie Storms Cause Damage After Hurricanes
Oct 31 2014 // A hurricane may lose its name, its structure and even its place on National Hurricane Center tracking maps. None of that is a guarantee the storm’s meteorological energy won’t keep making mischief. While still...
Aviva New Business Growth Driven by Europe and Asia Operations
Oct 30 2014 // Aviva plc, the U.K.’s second-biggest insurer by market value, reported a 15 percent rise in new business in the first nine months of the year, driven by its European and Asian operations. The value of new business, a...
Remnants of Hurricanes Still Can Be Powerful – and Dangerous
Oct 28 2014 // A hurricane may lose its name, its structure and even its place on National Hurricane Center tracking maps. None of that is a guarantee the storm’s meteorological energy won’t keep making mischief. While...
Climate Change Represents Risks and Opportunities for Corporations
Oct 27 2014 // Danish climate scientist and TV weatherman Jesper Theilgaard told risk managers from some of Europe’s leading companies that they should not treat climate change as a “doomsday” scenario. Instead, he...
Climate Scientists Forecast Severe Winters for Europe
Oct 27 2014 // The decline in Arctic sea ice has doubled the chance of severe winters in Europe and Asia in the past decade, according to researchers in Japan. Sea-ice melt in the Arctic, Barents and Kara seas since 2004 has made more...
U.S., EU Urge More Policy Guidance, Specifics in UN Climate Report
Oct 24 2014 // The U.S. and European Union are pushing for a stronger explanation about the dangers of climate change and the consequences of failing to stem fossil-fuel emissions in the UN’s most extensive report on global...
Remnants of Hurricane Gonzalo Bring Rain, Wind to Europe
Oct 21 2014 // The remnants of Hurricane Gonzalo battered Ireland and the United Kingdom with locally damaging winds and downpours on Monday night and Tuesday. Widespread wind gusts of 65 to 90 kph (40 to 55 mph) were reported across...
Guidance on EU Rules Created for Audit, Risk Committees
Oct 21 2014 // The Federation of European Risk Management Associations (FERMA) and the European Confederation of Institutes of Internal Auditing (ECIIA) have responded to increased EU requirements for more corporate transparency with a...
Management of Top Risks Unsatisfactory, Say Risk Managers in FERMA Survey
Oct 20 2014 // Risk managers are not satisfied with the level of mitigation for six of the top 10 risks “that keep their CEO awake at night,” which is one of the key findings of the 2014 Risk Management Benchmarking Survey...
EU Eases Insurers’ Capital Rules to Lure Infrastucture Investments
Oct 9 2014 // Insurers are attracting the attentions of European Union policy makers who are trying to spur investment in long-term infrastructure projects needed to undergird the regions stuttering economic recovery. The European...
Fosun Investment Head to Manage Europe Insurer Investments
Oct 9 2014 // Fosun Group, China’s biggest closely- held conglomerate, hired Hong Kong’s best-performing bond fund manager from Bocom International Holdings Co. to manage investments for its European insurers. Tongli Han,...
Scientists Calculate Risk of Ebola Spreading to France, Britain
Oct 7 2014 // Scientists have used Ebola disease spread patterns and airline traffic data to predict a 75 percent chance the virus could be imported to France by October 24, and a 50 percent chance it could hit Britain by that...
Aon Benfield’s Impact Forecasting Head Explains the Latest in Models
Oct 6 2014 // Adam Podlaha, the head of Aon Benfield’s Impact Forecasting division, is responsible for overseeing the collection of the data and its implementation in creating the latest catastrophe and other models. He explained...
Allianz Names Baete CEO to Succeed Diekmann amid Upheaval at Pimco
Oct 2 2014 // Allianz SE named board member Oliver Baete to succeed Michael Diekmann as chief executive officer as Europe’s biggest insurer grapples with upheaval at Pacific Investment Management Co. (Pimco) Diekmann, 59, will...
Europol: Data Law Changes Needed to Fight Cybercrime
Oct 2 2014 // Law enforcers in Europe need greater powers to retain data for longer in order to catch cybercriminals selling discrete services that police cannot trace under existing regulations, according to a Europol...
