Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Kiln Appoints Pudemat Property Underwriter in Frankfurt
Sep 4 2012 // Kiln, the international specialist insurance and reinsurance underwriting group, which is a part of Tokio Marine, announced that it has appointed Petra Pudemat as a new property underwriter in Frankfurt to write a broad...
Moody’s Changes EU Rating Outlook to Negative
Sep 4 2012 // Moody’s Investors Service has changed its outlook on the ‘Aaa’ rating of the European Union to negative, warning it might downgrade the bloc if it decides to cut the ratings on the EU’s four biggest...
How Iran’s Main Oil Buyers Deal with Insurance Sanctions
Aug 30 2012 // Insurance companies based in the EU are not allowed to provide cover for ships that carry Iranian cargo. The EU sanctions are aimed at the protection and indemnity (P&I) clubs based in the EU, which dominate the marine...
Swiss Re Corporate Solutions Opens Netherlands for Benelux Market
Aug 29 2012 // Swiss Re Corporate Solutions announced that it has opened an office in Amstelveen, the Netherlands, to “reinforce its presence in the Benelux region. The office will provide insurance solutions to large and...
Europe Drawn Back to its First Problem – Greece
Aug 27 2012 // The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on Europe must decide whether to give the country yet more help or cut it loose. For all its complexities, Greece’s problems...
Ratings Recap: Oman Insurance, Abu Dhabi National, NLGIC, MEICO
Aug 24 2012 // A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of...
U.S. Exports Seen at Risk as Russia Enters WTO
Aug 23 2012 // U.S. agricultural, aircraft and other exports to Russia could suffer unless Congress passes legislation soon recognizing the former Cold War enemy is now a fellow member of the World Trade Organization, trade experts and...
Ratings Recap: Omega Insurance, Al Ittihad, Alliance
Aug 22 2012 // A.M. Best Europe – Rating Services Limited has removed from under review with negative implications and affirmed the issuer credit rating (ICR) of “bbb” of Bermuda-based Omega Insurance Holdings Limited, an...
Asia’s Iran Crude Oil Imports to Regain Levels Prior to EU Insurance Ban
Aug 22 2012 // Asia’s crude imports from Iran are set to recover in September to levels reached before a July 1 insurance ban by the European Union plunged trade with the Islamic Republic into uncertainty not seen in decades. Top...
Goofy Gordon Going Wrong Way; Storm Heads for Europe
Aug 17 2012 // The most recent bulletin from the National Hurricane Center in Miami focuses on highly unusual Tropical Storm Gordon. It’s not unusual as a tropical storm, except for one detail – Gordon is heading directly east...
Insurance Deal Lets India Resume Shipping Iran Oil
Aug 15 2012 // India has joined Japan in offering government-backed insurance for ships carrying Iranian crude in order to bypass European sanctions that have nearly halved Iranian oil exports to key markets. The first Indian ship to...
Euro Zone Skirts Slump; Reprieve Seen Short-lived
Aug 14 2012 // The euro zone economy narrowly skirted recession in the first half of the year, but austerity programs across the region and a debt crisis weighing ever more heavily on its periphery suggest the reprieve will be...
Allianz Central and Eastern Europe Operations 1st Half Results
Aug 14 2012 // Allianz said its Central and Eastern Europe (CEE) operations “produced solid underlying results for the first six months of 2012 in challenging economic circumstances.” The regional companies reported total...
Ratings Recap: Electrical Contractors’, Scotia, Société Centrale, Adamjee
Aug 10 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of UK-based Electrical Contractors’ Insurance...
ING Sees Quick Sales in Asian Insurance Break-up
Aug 9 2012 // Dutch banking and insurance group ING now expects a quick sale of parts of its $7 billion Asian insurance business as it seeks to repay state aid and meet European requirements for its 2008 state bail-out, its chief...
Ratings Recap: Mapfre Panama, Infrassure, Lemma
Aug 8 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Mapfre Panama, SA, both with stable outlooks. Best said the “ratings reflect...
Peak Sun Cycle Threatens Satellites, Power Grids from Space Storms
Aug 6 2012 // The delicate threads that hold modern life together are dramatically cut by an unexpected threat from outer space, with disastrous effects. It’s the stuff of science fiction usually associated with tales of rogue...
Conference: Risk, Returns, Regulation and More Regulation
Aug 6 2012 // Coming off a rough few years of recession, then a disaster prone 2011 — and then more global uncertainty in 2012 — the world and the insurance industry have a few things to look forward to in the next year. They also...
Ratings Recap: Sunderland Marine, ENI
Aug 3 2012 // A.M. Best Europe – Rating Services Limited has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a-” of...
RBS Confirms Firing Employees over Libor Rigging Scandal
Aug 3 2012 // The Royal Bank of Scotland, which is majority owned (82 percent) by the UK government, confirmed on Friday it has dismissed a number of employees for misconduct as a result of its investigations into the Libor interest...
