Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Allianz Estimates Its European Flood Losses at 350 Million Euros
Jun 14 2013 // Allianz SE, Europe’s biggest insurer, said preliminary estimates show its net losses from the flood claims in Germany, Austria and part of Central Europe are 350 million euros ($467 million). The gross impact, before...
Federal Insurance Regulator Releases Annual Report
Jun 12 2013 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its annual report on the insurance industry to the President and Congress. Under the Dodd-Frank Wall Street Reform and Consumer...
PERILS Provides Satellite Flood ‘Footprints’ for Central Europe
Jun 10 2013 // PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced the release of satellite-based flood footprints for the ongoing floods in Central Europe, concentrated on...
Insured Losses from Europe Floods Estimated at $2.65B, Less Than in 2002
Jun 7 2013 // The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger. Insured losses may reach 2...
U.S., Global Natural Disasters Exact Heavy Toll in May: Aon Benfield
Jun 6 2013 // Severe weather in May caused an estimated $4 billion in insured damage in the U.S. alone and billions more in economic losses around the globe, according to an Aon Benfield report. The Global Catastrophe Recap by Aon...
Germans Battle Rising Floods Threatening Historic Cities
Jun 6 2013 // Firefighters, soldiers and volunteers in eastern Germany toiled through the night to defend against floods that have submerged towns, villages and farmlands for the second time in 11 years. Crews in Dresden, home to the...
Floods in Central Europe Near Peak; Prague Among Hardest Hit Cities
Jun 4 2013 // Floodwaters that inundated Prague and swamped large areas of central Europe may peak today as emergency crews work to open river traffic, drain submerged neighborhoods and count the cost of the storm damage. Chancellor...
Central Europe Hit by Rains, Floods and Landslides: AIR Analysis
Jun 4 2013 // Catastrophe modeling firm AIR Worldwide has released a report on the current heavy rains and floods that have inundated large parts of Central Europe during the past several weeks, causing “some of the worst floods...
FERMA Warns Restrictions Could Damage Subscription Market
Jun 4 2013 // The Federation of European Risk Management Associations (FERMA) has issued a warning to the European Commission that any restriction in the operation of the subscription insurance market could work to the disadvantage of...
Is European Hurricane Model Better Than U.S. Model?
May 31 2013 // When forecasters from the National Weather Service track a hurricane, they use models from several different supercomputers located around the world to create their predictions. Some of those models are more accurate than...
Triggs Joins Aon Benfield Securities in Expansion Move
May 31 2013 // Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced the appointment of Nick Triggs, as a Managing Director in a new senior strategic...
Lower Ice Levels, Rule Changes to Boost Arctic Northern Sea Route
May 30 2013 // Shipping along the Arctic northern sea route is set to grow more than 30-fold over the next eight years and could account for a quarter of the cargo traffic between Europe and Asia by 2030, experts said on Wednesday. With...
Consumer Groups Fear Weaker Safety, Privacy Rules Under U.S.-EU Trade Pact
May 29 2013 // U.S. consumer groups plan to raise concerns on Wednesday about a proposed free trade agreement between the United States and the European Union, which they fear could weaken important government health, environmental and...
Consumer Groups Worry U.S.-EU Trade Pact Will Weaken Health, Privacy Regs
May 29 2013 // U.S. consumer groups plan to raise concerns on Wednesday about a proposed free trade agreement between the United States and the European Union, which they fear could weaken important government health, environmental and...
OECD Advises ECB to Come to Euro Zone’s Rescue Again
May 29 2013 // The European Central Bank, which shored up the euro zone last year, needs to act again to lift the bloc out of recession, the OECD said on Wednesday, calling for bold steps beyond just interest rate cuts. The 17-nation...
XL Promotes Sinz to Regional Manager Cont. Europe – Distribution/Network
May 28 2013 // The XL Group announced that it has promoted Kadidja Sinz to the role of Regional Manager Continental Europe in the Insurance segment’s Distribution and Network function. She will also continue as Country Manager for...
EU Lawmakers Back French Demands to Limit U.S. Trade Talks
May 24 2013 // European Union lawmakers voted on Thursday to limit the scope of a proposed free-trade deal between Europe and the United States, backing French demands to leave out culture and potentially irritating Washington. The...
S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
Insurers, Banks Leveraging Trade Talks to Change Dodd-Frank
May 23 2013 // U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis. While the companies say they...
Ratings Recap: Dubai Insurance, Jupiter, Ardelis, TT Club
May 23 2013 // A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “bbb” and the financial strength rating (FSR) of ‘B++’...
