Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Allied World Europe in Strategic Agreement with UK’s Gravity Underwriting
Aug 14 2013 // Allied World Assurance Company Holdings, AG, which is based in Switzerland, announced that its subsidiary, Allied World Assurance Holdings (Ireland) Ltd, has entered into an agreement with Gravity Underwriting Limited for...
India’s MRPL to Receive Iranian Oil Cargo after 4-Month Gap
Aug 13 2013 // India’s Mangalore Refinery and Petrochemicals Ltd said on Monday it expects to receive an Iranian oil cargo by the end of this week, the firm’s first purchase from the sanctions-hit nation since April. The...
Ratings Recap: Eni Insurance, Gulf Re
Aug 13 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Eni Insurance Limited (EIL), which is based in Dublin,...
ACE Promotes Salmon, Germano for European Casualty
Aug 12 2013 // The ACE Group today announced the promotion of Jerome Salmon to the position of Regional Casualty Manager, Continental Europe. He will have profit center responsibility for ACE’s casualty portfolio across the region,...
Best Affirms Generali, Main Subs Ratings; Outlook Remains Negative
Aug 12 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Assicurazioni Generali S.p.A. and its main...
ING Eyes More Cost Cuts as Profits Top Forecast; Insurance Divestment Planned
Aug 8 2013 // Dutch financial group ING beat second-quarter profit forecasts at its banking business and said it could announce more cost savings later this year as it continues to slim down in a drive to recover from the financial...
Hannover Re Q2 Net Rises 29% on Investment Income
Aug 7 2013 // Hannover Re, the world’s fourth biggest reinsurer, said second-quarter profit rose 29 percent, beating analysts’ estimates, helped by higher investment income. Net income advanced to €186.3 million ($247.9...
Insurers Help Drive European Share Prices to New 2-month high
Aug 5 2013 // Robust insurer earnings helped drive European shares to a two-month high on Friday, while mixed U.S. jobs data supported the view the Federal Reserve may be more cautious about cutting back on its economic stimulus. The...
ABI Calls On UK Government to Enact ‘Whiplash’ Reforms
Aug 5 2013 // The Association of British Insurers has long targeted the epidemic of automobile accidents that result in claims for “whiplash” injuries for reform. In April it highlighted the fact that the UK was the...
Best Affirms Catlin Group and Subs Ratings; Outlook Stable
Jul 26 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Catlin Insurance Company Limited (CICL),...
UPDATE: Driver under Investigation after Spain Train Crash Kills 80
Jul 26 2013 // The driver of a Spanish train that derailed, killing at least 80 people, was under police guard in hospital on Thursday after the dramatic accident which an official source said was caused by excessive speed. The...
PERILS Issues Maximum Flood Footprint Map for Central Europe
Jul 25 2013 // PERILS AG, the independent Zurich-based company providing industry-wide catastrophe insurance data, has released its final Maximum Flood Extent Map for the floods which affected Central Europe in June 2013. The bulletin...
Political Risk Insurance: Certainty for CEOs in Uncertain World
Jul 22 2013 // Except for Egypt, political risk insurance has been growing Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the...
Europe Insurer Trade Group Criticizes Listing Companies as G-SII’s
Jul 19 2013 // Europe’s insurers criticized the approach taken by international regulators which named firms considered systemically important as they try to reduce financial risks from the sector. Two global financial watchdogs...
Ratings Roundup: ACE Seguros, SOVAG, Polish Re, CCR (Algeria)
Jul 19 2013 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to ACE Seguros S.A., which is based in Panama. Its ultimate parent is ACE Limited, now...
India Grants 3 Month Extension to Iranian Underwriters for Non-Oil Shipments
Jul 18 2013 // India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker vessels calling at Indian ports, in a move that should clear a backlog of...
FERMA Urges EC to Respect ‘Freedom of Choice’ for Cat Coverage
Jul 18 2013 // The Federation of European Risk Management Associations (FERMA) announced that it has told the European Commission that “any new insurance solutions for catastrophe risks should be market based and respect freedom of...
Best Places Torus Insurance and Subs Ratings under Review/Negative
Jul 12 2013 // A.M. Best Europe – Rating Services Limited has placed under review with negative implications the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of...
Best Europe Affirms ‘A+’ Ratings of Allianz SE and Subsidiaries
Jul 11 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Germany’s Allianz Societas Europaea...
Europe’s Floods Top Aon Benfield’s List of June’s Catastrophes
Jul 11 2013 // The latest report from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, which reviews the natural disasters that occurred worldwide during June 2013, highlights the $22 billion in...
