Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
European Union Faces Both a Debt and a Communication Crisis
Nov 24 2010 // The European Union has deployed billions of euros and endless words to try to contain its sovereign debt crisis this year, but poor communication and bad timing have left financial markets unconvinced. The communications...
UK MGAs Gather to Support New Managing General Agents’ Association
Nov 24 2010 // The UK’s insurance industry has spawned numerous professional and trade associations over the years, but, oddly enough, one of the most important sectors, the managing general agents, or MGA’s, who underwrite...
EU to Give Insurance Industry More Time to Prepare for Solvency II
Nov 18 2010 // European Union regulators look set to bow to insurance industry demands for more time to adjust to new solvency rules, with the head of the EU’s insurance watchdog acknowledging that some of the measures would have...
Aon Benfield Warns on Perils of European ‘Uncommon’ Storm Tracks
Nov 17 2010 // Aon Benfield has issued a briefing on uncommon European winter storm tracks in conjunction with the University of Cologne. The research points to a lower total number of events in the future, but “indicates intense...
Ireland’s Re/Insurers Not Seriously Affected by Financial Crisis
Nov 17 2010 // Even though Ireland’s financial crisis continues to make headlines, it’s not by any means a national meltdown, and it doesn’t appear to pose a threat to any of the re/insurance companies and brokers, who...
Countries Finalize Anti-counterfeit Trade Pact Text
Nov 16 2010 // Negotiators from nearly 40 countries have finalized the text of an international agreement to help fight the growing trade in fake and pirated goods, the European Commission and the United States said on Monday. The...
RMS Appoints Weinthrop VP for Client Development in Europe
Nov 16 2010 // Risk Management Solutions announced the appointment of Martin Weinthrop to the position of vice president of client development, Europe, effective immediately. He will be based in London, and will lead the regional sales...
Lloyd’s New Director of North America, McGovern, Navigates Turbulent Waters
Nov 14 2010 // Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have...
EU Safety Regulator Orders A380 Engine Inspection
Nov 11 2010 // Europe’s aviation regulator said fire from an oil leak was the likely cause of last week’s engine failure of a Qantas A380 plane and ordered stringent inspections on super jumbos using Rolls-Royce...
World War I Remembered; Could it Have Been Different?
Nov 11 2010 // Armistice Day/Veteran’s Day – the “war to end war;” the dead, the wounded and the missing. Almost faded from memory now – 92 years after it ended – the “Great War,” World War...
ING Plans Europe, U.S. Insurance IPOs
Nov 10 2010 // Dutch bancassurance group ING said on Wednesday it planned two initial public offerings, rather than one, for its insurance activities as part of a mandatory split-up imposed because of its state bailout. Chief executive...
Best Affirms Hiscox Operating Companies ‘A’ Ratings; Outlook Stable
Nov 10 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda)...
Best Affirms Generali’s ‘A+’ Ratings; Outlook Stable
Nov 9 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Italy’s Assicurazioni Generali S.p.A., both...
Swiss Re Structures $386 Million ‘European Windstorm’ Notes
Nov 3 2010 // Swiss Re’s Capital Markets Division has structured €275 million [$386 million] in notes as an alternative risk transfer vehicle, covering European windstorm events, for AXA Global P&C’s Calypso Capital...
Lloyd’s Warns of Contamination Hazards from Chinese Food Imports
Nov 3 2010 // “China was the source of most contaminated or unsafe foodstuffs that came into Europe in 2009, according to a European Union report,” as cited in an article on the Lloyd’s of London web site, which...
North Atlantic Oscillation Condition May Affect Europe’s Winter Weather
Oct 29 2010 // Weather and renewable energy supplies across much of Western Europe could be hit this winter by the North Atlantic Oscillation (NAO), a phenomenon that can exert a powerful influence over temperature and...
European Union Agrees on Positions for Cancun Climate Talks
Oct 29 2010 // The European Union will only sign up to a second phase of the United Nation’s climate treaty if loopholes are closed and other big economies make deeper cuts to greenhouse gases, EU leaders agreed on...
Best Affirms Torus Insurance and Operating Subsidiaries Ratings
Oct 27 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus...
Swiss Re is ‘Well Placed’ for Baden-Baden Renewal Discussions
Oct 25 2010 // Swiss Re has issued a bulletin noting that it is “well placed for the upcoming 2011 renewal negotiations with its European clients.” The talks, which begin this week in the German resort of Baden-Baden, bring...
Torus Names Kuprianczyk to European Professional Lines Team
Oct 25 2010 // Lines, based in Zurich. In addition to the newly appointed Cologne-based team under Professional Lines Manager Esther Fittinghoff-Hansen, he will “further bolster the provision of senior local expertise for...
