Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
A.M. Best: European Reinsurers Report Strong Results, Growth Limited
Apr 6 2015 // Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting results due to the absence of sizable natural catastrophes and ongoing reserve...
German Aviation Authority Didn’t Know Crash Pilot’s Medical History
Apr 6 2015 // The German aviation authority did not know about co-pilot Andreas Lubitz’s medical background prior to the Germanwings crash that killed 150 people, it told Reuters on Sunday, raising more questions over medical...
AXA: Tighter Capital Rules on Too-Big-to-Fail Insurers May Threaten Recovery
Apr 6 2015 // AXA SA, France’s biggest insurer, said plans to impose tighter capital rules on too-big-to-fail insurers will pose a new hurdle to European growth and do little to bolster financial stability. Insurance companies...
Generali Strengthens International Management Team in Asia, LatAm, Europe
Apr 2 2015 // Generali has strengthened its international management team with two new managers joining the group to lead Asia and the Americas and a new appointment in Europe, effective April 1. Jack Howell is the new Asia regional...
Extra-Tropical Cyclones Niklas and Mike Strike No. Europe: AIR Worldwide
Apr 1 2015 // AIR Worldwide reports that extra-tropical cyclone Niklas, currently battering northern Europe with gale-force winds, “is reportedly one of the worst storms to affect Germany in recent years. High winds and heavy...
ACE Creates International Excess Unit in Asia Pacific; Appoints Sexton
Mar 31 2015 // ACE Group has created a new business unit – ACE International Excess (AIE)– to provide commercial property insurance on an excess basis for large companies in the Asia Pacific region. The new business unit will be...
Yemen Conflict Adds to Worries for Ships Dodging Pirates, Terror
Mar 30 2015 // When it comes to world trade, a 17-day shortcut trumps terror, piracy and now bombs. That’s the time a supertanker saves by using the Bab el-Mandeb waterway that skirts Yemen at the southern tip of the Arabian...
Earth’s Surface Rising in North America, Europe: After-Effect of Ice Age
Mar 27 2015 // In the U.S., this past year has had more than enough reminders of how weather can affect our lives. California is heading into its fourth year of drought because it didn’t get enough snow. Boston is just emerging...
Yemen Conflict Could Disrupt Major Oil Shipping Route; Insurers Pull Back
Mar 27 2015 // Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United...
EU, US Insurers Lost $400 Billion from Continued Low Interest Rates: Swiss Re
Mar 26 2015 // A study, – “Financial repression: The unintended consequences -” released by Swiss Re, notes that “seven years after the financial crisis, central banks are still keeping interest rates at historically...
2014 Insured Cat Losses below Average at $35 Bn: Swiss Re Sigma Report
Mar 25 2015 // Swiss Re has just released its sigma report on catastrophe losses for 2014, which confirms that total global economic losses from natural catastrophes and man-made disasters were around $110 billion, compared to global...
Germanwings Airbus A320 Crashes in France; Survivors Unlikely
Mar 24 2015 // An Airbus A320 crash in southern France may have claimed the lives of all 150 people on board, in what would be the worst air accident on French soil in decades. Germanwings Flight 9525 operated by the low-cost subsidiary...
Arctic Melt Creates Weakest Gulf Stream in 1,000 Years, Weather Shifts Expected
Mar 24 2015 // Gulf Stream water currents in the Atlantic Ocean have slowed to the weakest in as long as 1,000 years, threatening shifts in U.S. and European weather, as well as coastal sea levels including in New York and Boston. The...
Bank of England Says Will Apply New Insurance Regulations ‘Proportionately’
Mar 20 2015 // The Bank of England said on Friday that it would apply new European Union insurance regulations “proportionately,” following industry fears that the central bank might seek to add extra rules for companies...
ACE Launches Mobile App for Europe-Based Business Travel Clients
Mar 18 2015 // ACE Group has launched ACE Travel Smart, a new mobile app, as part of its business travel insurance proposition for Europe-based businesses with international exposures. According to ACE research, 86 percent of European...
Norway’s Storebrand Buys Real Estate, Mortgages to Escape Negative Yields
Mar 17 2015 // Storebrand ASA, Norway’s largest listed insurance company based on assets under management, is buying mortgage bonds and real estate to escape negative rates. “Mortgage and corporate loans, where we are...
U.S. Dominates Climate Change Litigation
Mar 12 2015 // It’s almost counterintuitive if you think about it. There is far more litigation related to climate change in the U.S. compared with Europe, which is usually considered more progressive on the issue. For an example...
SCOR Global P&C Appoints Gavazzi, Rousseau in Treaty Underwriting Area
Mar 12 2015 // SCOR announced it has made two underwriting appointments at its SCOR Global P&C unit. First, it appointed Umberto Gavazzi as chief underwriting officer for the Worldwide Treaty P&C operations of SCOR Global...
EU Submits U.N. Climate Pledge; Urges U.S., China to Follow
Mar 9 2015 // The European Union on Friday submitted its formal promise on how much it will cut greenhouse gas emissions to the United Nations ahead of climate change talks starting in November and called on the United States and China...
ACE Launches PI Insurance Solution for European Technology Firms
Mar 9 2015 // ACE Group announced the launch of ACE Tech Pro, a comprehensive insurance solution for technology companies, as part of its strategy to meet the changing professional liability needs of different industries in Continental...
