Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
European Union to Establish New Financial ‘Watchdogs’ in January
Sep 22 2010 // European Union lawmakers gave their final approval on Wednesday for the creation of watchdogs to regulate European banking, insurance and trading, in one of the most far-reaching financial reforms of the decade. Putting...
AIR Updates European Wind Storm Risk Model
Sep 16 2010 // Catastrophe risk modeling firm AIR Worldwide has released a major update to its Extratropical Cyclone Model for Europe.”Virtually every component of the model has been enhanced through the incorporation of...
European Clubs Want FIFA to Insure Players Injured in International Games
Sep 10 2010 // Europe’s top clubs want FIFA to use some of its billion-dollar World Cup revenues to insure players who are injured during international games. European Club Association chairman Karl-Heinz Rummenigge said this week...
S&P Examines Reinsurers Reconsideration of Domicile Decisions
Sep 9 2010 // Global reinsurance companies are reconsidering their choices of corporate domicile, according to a new report from Standard & Poor’s Ratings Services, titled “Choosing A Domicile Remains A Hot Topic For...
Marsh Sees ‘Positive Developments’ in Europe Trade Credit Insurance
Sep 9 2010 // According to a report from Marsh’s London office, “new insurance capacity, increased competition for business among insurers and improved risk management have led to positive developments for buyers of trade...
Ratings Roundup: Colonial Group, Flagstone Alliance, Hannover Re (debt)
Sep 9 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of...
European Companies in China to Stay Put Despite Obstacles
Sep 2 2010 // European companies are not quitting China for other countries despite complaints about the growing difficulty of doing business, the European Union Chamber of Commerce in China said on Thursday. Jacques de Boisseson, the...
EU, US to Hold November Summit in Portugal; Insurance on Agenda
Aug 17 2010 // The European Union and United States will hold a summit in Portugal in November, the EU and the White House said on Tuesday, offering an opportunity to rebuild ties strained by the cancellation of their last meeting. The...
Survey: Double Dip Recession Tops Concerns of Europe’s Business Leaders
Aug 13 2010 // The potential for a global double dip recession and its impact on trade in Europe, top the list of risks facing businesses according to new research conducted by the Economist Intelligence Unit (EIU) and co-sponsored by...
ACE European Group Names Dixon as Regional Managing Director
Aug 11 2010 // ACE European Group named Steve Dixon as regional managing director, ACE Middle East and North Africa (MENA). Dixon succeeds Giles Ward, who has led ACE MENA since 2006, now appointed to the position of CEO for ACE...
Berkshire Hathaway Profit Down on Derivatives But Insurance Way Up
Aug 9 2010 // Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent,...
Competition Benefits Europe, Middle East, Africa Insurance Buyers: Marsh
Aug 9 2010 // Insurance buyers across Europe, the Middle East and Africa (EMEA) are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the...
European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy
Aug 5 2010 // Major European insurance groups weathered a slew of damage claims for storms and the collapse of the Deepwater Horizon oil rig to post stronger-than-expected half-year earnings on Wednesday. But prospects for the rest of...
European Life Insurers Hope Accounting Change Will Woo Investors
Aug 4 2010 // British life insurers reporting half-year results this month plan to simplify their notoriously complex financial statements in a move that could lift their flagging shares. Standard Life, Britain’s fourth-biggest...
Schmidt Named CEO for Catlin Europe Reinsurance, New Switzerland Unit
Aug 3 2010 // Specialty insurer and reinsurer Catlin Group Limited has appointed Peter Schmidt as chief executive officer for European Reinsurance. He will also serve as CEO of Catlin Re Switzerland, which subject to regulatory approval...
July’s Catastrophes Cause Widespread Losses Globally: Aon Benfield
Aug 3 2010 // Floods in Pakistan and China have taken thousands of lives and damaged hundreds of thousands of homes, according to a new report on catastrophic events in July by a reinsurance team. A European heatwave, wildfires in...
New International Accounting Standard Aims to Clarify Insurers’ Profits
Jul 30 2010 // A global accounting standard setter proposed a new rule for measuring insurers’ profitability on Friday, aiming to shine a light on a sector criticised by investors for being a “black box” that keeps them...
Torus Targets New Business in Europe with Executive Appointments
Jul 29 2010 // Torus Insurance is “continuing the rollout of its Continental European operation,” notes a company bulletin. It announced the appointment of Esther Fittinghoff as Professional Lines Manager and Kurt Fleischmann...
Europe’s CEA Expresses Concerns on Reinsurance Tax Proposals
Jul 27 2010 // The CEA (Centre d’Etudes d’Assurance), the European insurance and reinsurance federation, has written to the US House of Representatives to express its concerns over proposals to change the US tax treatment of...
JLT Expands International Network with 3 New Agreements
Jul 26 2010 // UK-based broker Jardine Lloyd Thompson announced a major expansion of its JLT International Network in Continental Europe and the CIS countries. “Three of Europe’s leading independent insurance brokers, SIACI...
