Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Tokio Marine Europe to Combine Operations with Kiln Group
Dec 5 2013 // Tokio Marine Europe and Kiln, both of which are part of the Tokio Marine Group, announced their intention yesterday to join forces to form a new combined operation as of the first of January 2014, subject to regulatory...
Iran Oil Shipping Insurance Sanction Relief Not Likely Any Time Soon
Dec 2 2013 // A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers’ unease over providing cover. A...
European Central Bank Reports Rise in Financial Stability Risk
Nov 27 2013 // The European Central Bank said the risk to financial stability from global market turbulence has increased in the past six months, even as measures of systemic stress have declined. The market turmoil earlier this year...
Generali CEO Greco Targets Cost Reductions to Boost Capital
Nov 27 2013 // Assicurazioni Generali SpA, Europe’s third-largest insurer, plans to cut an extra 150 million euros ($204 million) of costs by 2015 and reduce debt to boost profit and strengthen capital. The company increased its...
China, India Succeed in Weakening Warsaw Global Warming Pact
Nov 26 2013 // China and India’s success in weakening the latest global warming agreement created friction with other developing nations that are seeking to step up the fight against climate change. The two countries insisted on...
Iran Nuclear Deal Easing Up on Shipping Insurance Could Help Oil Sales
Nov 25 2013 // Iran’s nuclear deal with the West is not intended to let more of its oil into the market, the White House said, but an easing of the ban on European shipping insurance may help smooth crude exports to its big Asian...
Global Warming Pact Expected from Warsaw Talks
Nov 22 2013 // Envoys from 190 nations are close to agreeing upon the first building blocks for the next treaty aimed at fighting global warming, sketching the way to worldwide cuts in fossil-fuel emissions. The delegates, due to finish...
Best Affirms Munich Re and Subs ‘A+’ Ratings; Outlook Stable
Nov 21 2013 // A.M. Best Europe has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Co. and its subsidiaries. Best also affirmed all...
Allied World Europe Appoints Burniston as Senior VP – Primary Casualty
Nov 21 2013 // Allied World Assurance Company Holdings, AG announced that Denis Burniston has been appointed senior vice president, General Casualty, for Allied World Europe to lead the company’s primary casualty operation in...
German Finance Chief Schaeuble Vows to Help Insurers Vying with Low Interest Rates
Nov 21 2013 // German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer “false stimulus” and that monetary policy alone would not...
Allianz Expects Boost from Cyber Insurance Sales; East Europe, Asia, Brazil Markets
Nov 20 2013 // Allianz SE, Europe’s biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit. “New...
Philippine Disaster Fuels Call for Rich Nations to Compensate Poor for Global Warming Losses
Nov 18 2013 // The typhoon that killed thousands of people in the Philippines has energized debate about whether rich nations should compensate poor ones for climate-related losses, a proposal the U.S. and European Union are...
Allianz Looks to Boost U.S. Presence, Improve Fireman’s Fund: Bhojwani
Nov 15 2013 // Allianz SE, Europe’s largest insurer, said it is committed to bolstering operations in the U.S. after international rivals scaled back in the country. “It is a monster market,” Gary Bhojwani, the...
Europe Urged to Retain Climate Leadership As Competitive Advantage
Nov 15 2013 // Europe’s abdication from climate leadership would stunt growth in the region and hand a huge economic advantage to China and the United States as they carve out their share of a multi-billion low-carbon market, a...
European Insurers Welcome Deal on Solvency II Capital Rules
Nov 14 2013 // European insurers breathed a sigh of relief on Thursday that a deal on new capital requirements was less burdensome than initially feared, ending an uncertainty which has been hanging over the sector for many...
European Officials Reach Deal on Solvency II Insurance Rules
Nov 14 2013 // European politicians reached an agreement paving the way for new rules designed to make insurance companies safer after 13 years of wrangling with the industry and regulators. The European Commission, European Parliament...
Doubts About CEO’s Controls at Insurer Raised by RSA Irish Accounting Inquiry
Nov 13 2013 // In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and praised his “outstanding record.” Two months later, he suspended...
Europe Appears Close to Agreement on Solvency II Insurance Rules
Nov 12 2013 // Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, companies and regulators. Insurers and European Union officials are working out a...
New UK Financial Watchdogs Face Surge in Staff Turnover: Reuters
Nov 12 2013 // Staff have been quitting Britain’s financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in...
Chubb Appoints Auerbach as European Multinational Solutions Manager
Nov 11 2013 // Chubb Insurance Company of Europe SE announced the appointment of Jan Auerbach to the role of Chubb European Multinational Solutions manager, which offers insurance products and services for companies undertaking business...
