Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Maersk Sees Alliance of 3 Largest Container Shipping Lines Starting Mid-2014
Mar 24 2014 // An alliance of the world’s top three container shipping firms, which could control more than a third of the market, is likely to start operating in mid-2014, No.1 player Maersk Line said after the tie-up was approved...
ACE Adds Crisis Management Services to European Environmental Risks Coverage
Mar 19 2014 // ACE announced from London that it has “expanded its environmental risk insurance proposition to add crisis management cover, as part of its strategy to support the evolving environmental cover needs of companies in...
Solvency II, Not TRIA, Shaping Up as Year’s Hottest Debate
Mar 18 2014 // Ever since Congress last renewed the program in 2007, I’ve expected that reauthorizing the Terrorism Risk Insurance Act (TRIA) would dominate Washington’s insurance debate in late 2014. I’m not so sure...
MAPFRE Details Future Plans – U.S. Expansion, Increased Operating Revenue
Mar 17 2014 // Spanish insurance group MAPFRE’s Chairman and CEO, Antonio Huertas, referred to the strategic objectives for the next three years, as he announced the highlights at its Annual General Meeting. The group forecast...
New York Regains Title As World’s Top Financial Center
Mar 17 2014 // New York replaced London as the world’s leading financial center for the first time, after the U.K. capital was rocked by a series of scandals and questions over the U.K.’s place in the European Union. New York...
Kinetic Insurance Brokers to Provide New Surety Bond Facility for UK, EU
Mar 14 2014 // Lloyd’s broker, Kinetic Insurance Brokers Limited announced that it has “entered into a multi-million pound underwriting agreement with Gable Insurance AG to underwrite Specialist Commercial Surety Bonds within...
777 Mystery Sharpens Hunt for ‘Black-box’ Alternatives: Aviation Expert
Mar 14 2014 // The search for the missing Malaysian jet could speed development of new ways of locating wreckage, but such technology is unlikely to replace the traditional “black box” any time soon, France’s top crash...
Willis Global Appoints Menghi Director of Strategy and Transformation
Mar 11 2014 // Willis Group Holdings has appointed Pietro Menghi as Director of Strategy and Transformation for Willis Global, the division which includes Willis’s specialist brokerage and consulting services. He has been leading...
Rescuers Scour Sea for Malaysian Airliner Lost in ‘Unprecedented Mystery’
Mar 10 2014 // The disappearance of a Malaysian jetliner is an “unprecedented aviation mystery”, a senior official said on Monday, with a massive air and sea search now in its third day failing to find any confirmed trace of...
RSA Appoints Lowther as UK & Western Europe CFO
Mar 6 2014 // UK insurer RSA announced that it has appointed Sean Lowther as its UK & Western Europe Chief Financial Officer. He has over 30 year’s financial experience in a variety of blue chip companies including AXA, GE and...
Guy Carpenter Promotes Reina to CEO Continental Europe, MENA
Mar 5 2014 // Guy Carpenter has announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA [Middle East/North Africa], with immediate effect. He succeeds Peter Stubbings, who has taken up the...
Aon Benfield’s Impact Forecasting Releases Updated European Windstorm Model
Mar 5 2014 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched its new European windstorm model. The model, which has been in development for the last three years, “offers an...
RSA’s CEO Hester Taps Buffett for Reinsurance; Confirms Share Sale
Feb 28 2014 // After less than a month on the job, RSA Insurance Group Plc Chief Executive Officer Stephen Hester announced a stock sale and tapped Warren Buffett for reinsurance to help strengthen the insurer after its scandal in...
Investors, Including Allianz, Mount Attack on Norway in $20 Billion Oil & Gas Row
Feb 26 2014 // Allianz SE, Abu Dhabi’s wealth fund and firms including Statoil ASA have mounted a multi-pronged battle against Norway to defend revenue and oil- and gas- industry projects valued at $20 billion. Owners in gas...
Best Affirms AIG Europe’s Ratings; Outlook Stable
Feb 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based AIG Europe Limited (AEL), a wholly owned subsidiary of American International...
AXA Profit Rises 10% in 2013 on Life, Property and Casualty
Feb 21 2014 // AXA SA, Europe’s second-largest insurer, posted a 10 percent increase in 2013 profit on higher earnings at its life and savings and property and casualty divisions. Net income rose to €4.48 billion ($6.15 billion)...
EU’s Justice Chief Reding Warns UK Exit Would Isolate City of London
Feb 19 2014 // London’s financial services center would lose access to the wider European Union should Britain quit the bloc, the EU’s justice chief said on Monday, warning that such a move would reduce its status to that of...
Global 2013 Cat Losses at $40 Billion Were ‘Below Average’ – Guy Carpenter
Feb 13 2014 // Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and member of Marsh & McLennan Companies, 2013 Catastrophe Review concludes that “natural catastrophes and man-made disasters...
Europe Warns Swiss of Consequences after Immigration Vote
Feb 11 2014 // Switzerland could lose its privileged access to the European single market, European officials said on Monday, after Swiss voters narrowly backed proposals to curtail immigration from the EU in a referendum that has...
Worldwide Broker Network Celebrates 25th Anniversary
Feb 10 2014 // The Worldwide Broker Network, the network of independent property/casualty brokers and employee benefits consultants, has begun a year-long celebration of its 25th anniversary. More than 90 executives from 27 different...
