Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
ING Said to Price Insurance Unit at Midrange in $1.9 Billion IPO
Jul 1 2014 // ING Groep NV, the biggest Dutch financial-services company, is likely to price the initial public offering of its European insurance arm at €20 [$27.38], in the middle of its original price range, according to a person...
European Insurance Federation Opposes Compulsory Environmental Liability
Jul 1 2014 // “An EU-wide compulsory environmental liability insurance system would not benefit customers and so should not be introduced,” according to Insurance Europe, the European insurance and reinsurance...
Google Begins Complying with EU ‘Right to Be Forgotten’ Ruling
Jun 26 2014 // Google has begun removing some search results to comply with a European Union ruling upholding citizens’ right to have objectionable personal information about them hidden in search engines. The so-called...
Polish Insurer PZU Selling Eurobonds to Buy RSA Units
Jun 26 2014 // PZU SA, Poland’s biggest insurer, is selling 500 million euros ($681 million) of five-year bonds to help finance an acquisition. The state-controlled insurer is tapping the market after the European Central Bank cut...
ING Seeks as Much as $2.1 Billion from NN Insurance Offering
Jun 17 2014 // ING Groep NV, the biggest Dutch financial-services company, is seeking as much as €1.54 billion ($2.1 billion) in the first and what may be only public offering of its European insurance unit. The firm plans to offer 70...
Ireland’s Medical Insurer Vhi Extends Buffett Reinsurance Deal by Four Years
Jun 17 2014 // Vhi Healthcare, the Irish state-owned medical insurer, extended a reinsurance accord with Warren Buffett’s Berkshire Hathaway Inc. as it seeks to move risk from its balance sheet and avoid a taxpayer...
U.N. Climate Talks Fracture over Future of Carbon Markets
Jun 16 2014 // The use of carbon markets to curb rising greenhouse gas emissions was dealt a blow on Sunday after two weeks of United Nations talks on designing and reforming the mechanisms ended in deadlock. The negotiations, held as...
Best to Endorse Selected Ratings outside EU for Regulatory Use
Jun 16 2014 // A.M. Best Europe – Rating Services Limited (AMBERS) has confirmed that it has notified the European Securities and Markets Authority (ESMA) that, effective immediately, “AMBERS intends to endorse selected...
Heat Wave, Thunderstorms Batter Europe: AIR Analysis
Jun 13 2014 // Catastrophe modeling firm AIR Worldwide has analyzed the severe thunderstorms that pummeled western and central Europe, starting on Sunday, June 7. The storms packed “extremely strong and damaging winds, large hail,...
In Search of the Best Defense Against Corporate Cyber Crime
Jun 11 2014 // With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is...
Willis Names Tech, Media, Telecom Leaders – Srail for No. Am. Motzfeldt for Europe
Jun 10 2014 // Willis Group Holdings announced that it has reinforced its position as a risk adviser and insurance broker for the technology, media and telecommunications (TMT) sector with the appointment of new regional leaders for...
Disaster Cost Has Quadrupled Since 1980s: EU Commissioner
Jun 8 2014 // The average annual cost of natural disasters has quadrupled over the last three decades and it makes economic sense to boost spending on preparedness to ensure a stable future, a senior European official said last...
AIG Appoints McNamee as UK Managing Director
Jun 6 2014 // AIG in Europe announced the appointment of Jacqueline McNamee as Managing Director, UK Zone, reporting to Anthony Baldwin, Managing Director and Head of Distribution, EMEA. She is replacing Nicolas Aubert, who has become...
ING to Sell Shares in NN Insurance Unit as Soon as July
Jun 5 2014 // ING Groep NV, the biggest Dutch financial services company, confirmed its plans, first made public last week, to sell shares of its European insurance unit in an initial public offering, which it has now announced could...
EU Notes Its Success in Climate Change Goals as UN Talks Start
Jun 4 2014 // The European Union touted its success in cutting greenhouse gases at U.N. talks on climate change on Wednesday, where a U.S. plan to cut power plant emissions has lifted hopes for a global deal in 2015. An adviser to the...
Vienna Insurance Stays Out of Russia as Acquisition Targets Rare
Jun 2 2014 // Vienna Insurance Group AG (VIG), Eastern Europe’s biggest insurer, said it won’t expand into Russia even as the number of acquisition targets in other parts of the region shrink. VIG, which is based in the...
ING’s $2.7 Billion IPO to Test Buyer Appetite as Prices Fall
May 29 2014 // ING Groep NV will try to execute Europe’s biggest initial public offering this year even as investor demand declines and competing share sales increase. The largest Dutch financial-services company is seeking to...
XL’s Rosengarten on How Mega Trends Exacerbate Risks; It’s a Scary World
May 27 2014 // Jacob Rosengarten, Chief Enterprise Risk Officer for XL Group, in a keynote speech at the European Insurance Forum in Dublin, examined how greater connectivity and technology are intensifying global risks and contributing...
Lloyd’s U.S. Chief on Board with Climate Change
May 22 2014 // Despite risking offense to non-believers, Hank Watkins didn’t hesitate when he was asked if climate change was upon us. Watkins, president of Lloyd’s America, talked about an extensive report Lloyd’s of...
Brokerslink Splits EMEA Region to Boost African, Middle East Expansion
May 22 2014 // Independent insurance network Brokerslink announced that it has reorganized its previous Europe, Middle East and Africa (EMEA) trading area by splitting it into two separate regions: Europe and Middle East & Africa...
