Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
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...
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...
