Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
ACE Appoints Cote Continental Europe Financial Lines Manager
Apr 21 2011 // The ACE group has announced the appointment of Nadia Cote to the position of Financial Lines Manager for Continental Europe (CE) and Central and Eastern Europe (CEE). She will report to Serge Osouf, Executive...
EDHEC-Risk Institute, Russell Investments to Design Solvency II ‘Benchmarks’
Apr 20 2011 // EDHEC-Risk Institute has announced that it will conduct research in cooperation with Russell Investments in order to “design new benchmarks for European insurance companies that are representative of a dynamic...
Ratings: Syndicate 1225 (Aegis), Pacific Int’l., Int’l. Energy, Flagstone Re (Africa)
Apr 19 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 1225, which is managed by AEGIS...
Growth of Clean Tech Industry Delivers New Exposures, Opportunities
Apr 18 2011 // Backed by government policy and growing public support, demand for technology that is both clean and sustainable has increased substantially in the United States, Europe, Asia and other parts of the world over the last...
Genden Appointed CEO of Travelers Europe
Apr 18 2011 // The Travelers Companies announced that Sean Genden has been named CEO of Travelers Europe, charged with supporting its “strategic and growth initiatives in the European property and casualty market.” He...
ABIR Reports 2010 Results for Bermuda’s Re/Insurers; $11.4 Bn Net Income
Apr 18 2011 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2010 global underwriting results for its 22 member (re)insurers – companies that write insurance and reinsurance from underwriting centers in...
Solvency II: ‘Beware the Dog That Didn’t Bark,’ Warns Willis Re
Apr 13 2011 // Insurers are meeting their solvency requirements in greater numbers than anticipated and the result is that the Solvency II regulatory scheme will not result in a capital deficit for the insurance industry as a whole. The...
Ratings Roundup: Syndicate 382/Hardy, Samsung Europe
Apr 7 2011 // 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 Lloyd’s Syndicate 382, which is...
Financial Consultant Bjelobaba Analyzes Changing UK Regulations
Apr 6 2011 // The UK’s Conservative government announced, even before it was elected, that it planned to reform the country’s financial regulatory system – for banks, investment providers and the insurance industry. On...
Growth of Clean Tech Industry Delivers New Exposures, Opportunities
Apr 4 2011 // Backed by government policy and growing public support, demand for technology that is both clean and sustainable has increased substantially in the United States, Europe, Asia and other parts of the world over the last...
Shake-Up at AIG’s Chartis; Moor Out, Hancock In as CEO
Mar 31 2011 // American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock,...
Rating Agencies Might Stop Reports Due to EU Threats Say Sources
Mar 31 2011 // Credit rating agencies have warned the European Commission that they could stop rating risky countries if the EU executive goes ahead with plans to make them legally liable for errors of judgment, industry sources...
S&P: Outlook Negative on 9 Japanese P/C Insurers; Ratings Affirmed
Mar 25 2011 // Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on...
BIBA Calls for Realistic Regulation of UK Brokers
Mar 22 2011 // The British Insurance Brokers’ Association (BIBA) released the key findings of its Future of Regulation research on Monday March 21 at a Parliamentary Reception in the House of Commons, to an audience of MPs, civil...
EU Prods China to Relax Restrictive Bank Ownership Rules
Mar 22 2011 // The European Union is pressing China to relax restrictions on foreign ownership of its banks in order to gain wider access to the Chinese financial markets, the region’s Internal Markets Commissioner said on...
EU Regulator: ‘No Major Threat’ to Europe’s Insurers from Japan Crisis
Mar 17 2011 // European insurers face no major threat from the turmoil ensuing from last week’s earthquake and tsunami in Japan, the European Union’s insurance watchdog said on Thursday. “From a European viewpoint, the...
S&P: EU Ruling on Gender Discrimination Likely to Have a ‘Neutral’ Effect
Mar 9 2011 // Standard & Poor’s Ratings Services has issued a bulletin analyzing last week’s European Court Of Justice ruling that prohibits gender-based discrimination in the calculation of insurance premiums and...
FERMA Calls for ‘Mandatory’ Protocol for Broker/Company Transactions
Mar 9 2011 // The Federation of European Risk Management Associations (FERMA) has issued a response concerning the revised European Insurance Mediation Directive (IMD), which states that it “should incorporate binding standards of...
Best’s Special Report Analyzes EU’s Solvency II Impact on Ratings
Mar 8 2011 // A report from A.M. Best Co. provides a timely analysis of the fast approaching implementation of the European Commission’s long-awaited Solvency II insurance regulations, which are now scheduled to come into force as...
ING to Repay 70% of Dutch State Aid by May 2011
Mar 7 2011 // Dutch bancassurer ING outlined plans for the expected early repayment of state aid it received during the credit crunch, further evidence of the Dutch financial sector’s recovery from the crisis. ING said on Monday...
