Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Catlin Re Switzerland Expands Underwriting Staff
Oct 22 2010 // Catlin Re Switzerland, the European reinsurance company currently being formed by Catlin Group Limited, headquartered in Zurich, has announced two additions to its underwriting staff. Christophe Chandler, currently a Class...
Tight Market Drives Australian Companies into Deals Abroad
Oct 21 2010 // Cash rich Australian companies are being forced to search offshore for takeover targets as the small local market has become too consolidated to get deals past the competition watchdog. With the Aussie dollar at a 28-year...
Willis Re Merges UK, Europe Teams; Forms Willis Re Europe
Oct 21 2010 // Willis Re, the reinsurance advisor and part of Willis Group Holdings, announced that it has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is...
Best’s London Briefing Highlights Challenges for Europe’s Insurers
Oct 20 2010 // “2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance...
Lloyd’s McGovern Navigates Turbulent U.S. Waters; Part I
Oct 15 2010 // A recent article in Lloyd’s “Market” magazine noted that Sean McGovern, General Counsel and, since February 2010, the Director of Lloyd’s North America, “loves to mess about in boats in his...
Clements Europe Acquires Vehicle Risk Management Book from Lockton
Oct 14 2010 // Insurer Clements Europe has acquired the International Vehicle Risk Management (IVRM) business from broker Lockton. The IVRM business consists of overseas diplomats and International fleet business, complementing Clements...
Best Affirms Aspen’s ‘A’ Ratings; Outlook Stable
Oct 8 2010 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and...
Ratings Recap: FM Insurance, AMI (NZ), MISR, Greenlight Re Ireland
Oct 8 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of UK-based FM Insurance Company Limited...
C.V. Starr Opens Paris Office; Sets Europe Expansion Plans
Oct 7 2010 // C.V. Starr & Co has opened its French branch of Starr Underwriting Agents, Ltd. in Paris. The Company also announced the appointment of both Nicolas Berg as Regional Manager Europe, Starr Casualty, and Olivier Decombes...
Aon: EU’s Environmental Liability Directive May Dominate Hungarian Spill
Oct 7 2010 // “The unfolding disaster in Hungary, in which toxic sludge escaped from a failed reservoir belonging to an industrial company, should serve as a warning to companies with industrial operations in Europe that the...
Safety Remains a Concern for Nanotechnology Says Lloyd’s
Oct 7 2010 // Nanotechnology is finding wider and broader use in modern technology. It is “transforming product design and innovation among manufacturers of electronics goods, textiles, cosmetics and foodstuffs as well as in other...
Swiss Re Structures $138.6 Million Cat Bond for Groupama
Oct 6 2010 // Swiss Re’s Capital Markets unit announced that it has ‘successfully structured and placed €100 million [$138.6 million] of securities issued by Green Valley Ltd.,” covering windstorm events in...
US State Dept. Warns Americans to be Vigilant When in Europe
Oct 5 2010 // The Obama administration on Sunday warned Americans of potential terrorist threats in Europe and urged them to be vigilant in public places, including tourist spots and transportation hubs. A State Department travel alert...
Lower Corporate Taxes Could Help Preserve London’s Competitiveness
Oct 5 2010 // The City of London is just emerging from the recession brought on by the financial crisis, but it’s “clear there are numerous challenges ahead if it is to retain its global importance as a center for financial...
EU Finance Ministers Seek to End Bank-tax Dispute; Grill Rating Agencies
Oct 1 2010 // European Union finance ministers met on Friday in a fresh attempt to agree a common approach on taxing banks as well as to grill credit rating agencies about how they arrive at their ratings. Three years since the onset of...
Best Affirms ‘A’ Ratings of QBE Insurance Group and Subsidiaries
Sep 30 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe)...
Marsh Exec Tells European Companies to Take Longer View on Risks
Sep 29 2010 // Europe’s largest companies will need to spend more time and resources over the next year on long-term strategic risk planning to avoid being vulnerable to changing market conditions. That’s the advice from...
FERMA’s 2010 Survey Highlights Growing Role of Risk Management
Sep 29 2010 // “Risk management is now on the agenda for top management, the board and shareholders, which clearly support and sponsor the function,” states a bulletin from Federation of European Risk Management Associations...
Ratings Roundup: BEST RE, SALAMA, Adamjee, Lonpac
Sep 24 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Tunisia’s BEST RE, both with stable...
Ratings Recap: Tapiola, Congregational, Asian Re, Int’l. Energy, Leadway
Sep 22 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Finland’s Tapiola General...
