Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
AXIS Expands Global Accident & Health Coverage
Jul 9 2010 // AXIS Global Accident & Health (AGAH), a division of AXIS Capital Holdings Limited, announced that it is now actively marketing its capability to write accident and specialty health reinsurance cover from Ireland and...
ACE Appoints Furby Division President, Overseas General Operations
Jul 9 2010 // The ACE Group of insurance and reinsurance companies announced the appointment of David Furby as Division President, Commercial Property & Casualty, for ACE’s Overseas General operations. He is based in New York...
IMF Raises 2010 World Wide GDP Forecast; Flags European Risks
Jul 8 2010 // The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area’s debt crisis posed a big risk to...
Ratings Roundup: Glacier AG, Ansvar, Adamjee
Jul 7 2010 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Liechtenstein-based Glacier...
Rough Road for Trucking in the New Economy
Jul 5 2010 // Rising Taxes, Inflation Will Force Insurance Market to a ‘Déjà vu All Over Again’ The insurance industry has a long history for cyclical price adjusting, featuring long periods of marginal to inadequate...
How to Manage the Growing Risks of Social Media
Jul 5 2010 // Advertising, Defamation, Privacy and Security Laws All at Issue Asked why he robbed banks, Willie Sutton famously replied: “Because that’s where the money is.” Something similar can be said to explain why...
Report EU Energy Commissioner to Issue Oil Spill Rules
Jul 2 2010 // EU Energy Commissioner Guenther Oettinger plans to issue additional requirements for operators of oil platforms in European waters in the autumn, he said in a German media interview published on Friday. The requirements...
European Insurance Risks Shifting, CEIOPS Sees No Overall Rise
Jun 30 2010 // Overall risks facing the European insurance sector may not have significantly increased in the first half of 2010 but they have changed in their nature, the European Union’s insurance watchdog said on...
Catlin to Establish Swiss Reinsurer
Jun 29 2010 // The Bermuda-based Catlin Group Limited has announced that it intends to form a reinsurance company in Switzerland to “significantly expand the European-based reinsurance business underwritten by the...
Aon Benfield, Cologne University to Study European Windstorms
Jun 25 2010 // Aon Benfield announced that it has signed an exclusive partnership with the University of Cologne – “a leading research centre with a long record of wind storms diagnostics, extreme weather modeling and impact...
Catlin Makes Board Changes
Jun 24 2010 // The Bermuda-based Catlin Group Limited has announced the resignation of Michael Harper from the Group’s Board of Directors effective July 1st, 2010 “due to the demands of his other commitments. He was appointed...
UK Regulatory Consultant Analyzes Financial Services Regime Change
Jun 22 2010 // The UK’s new Chancellor (Finance Minister) George Osborne has announced plans to fundamentally reform the way financial services, including insurance, are to be regulated [See IJ web site –...
Insurers Revive Cat Bond Market
Jun 21 2010 // Insurers are issuing catastrophe bonds again to complement traditional and cheaper reinsurance and to spread the risks in buying protection against events that could cost them tens of billions of dollars in claims. The...
EU Leaders Meet to Work on Ways to Prevent New Debt Crises
Jun 17 2010 // European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis. Leaders of the 27...
Marsh Report Examines Need for Innovation in Captives
Jun 15 2010 // A report from Marsh’s London office examines the changing need and conditions affecting captive insurance companies. Marsh said the report – Single Parent Captive Benchmarking: Capital and Collateral, examines...
Coface Receives Russian License; Aims to Be European Rating Agency
Jun 10 2010 // Credit insurer Coface announced from its Paris headquarters that the Russian state authority for insurance (FSSN) has granted a license to its subsidiary “ZAO Coface Rus Insurance Company” based in Moscow....
Munich Re: ‘Ever Higher’ Nat Cat Costs; Ups Chile Quake Loss to $1 Billion
Jun 8 2010 // A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo...
Insurers Worry EU Could Extend Bank Levy to Other Financial Firms
Jun 8 2010 // The European Union could extend a planned levy beyond banks to other financial services firms, according to a report outlining the bloc’s message to G20 leaders who meet soon to tackle reform of the industry. The...
G20 Finance Ministers Don’t Even Try to ‘Spin’ Impact of Europe’s Debt Crisis
Jun 7 2010 // Finance ministers can usually be relied upon to put the best spin on whatever is happening to the global economy. Not at this weekend’s Group of 20 meeting in Busan. The two days of talks were remarkable for...
Commercial Market to Remain Stable, Challenging for Risk Managers
Jun 7 2010 // Marsh Sees Insurer Security, Transparency, Accountability as Issues Despite the global economic crisis, the commercial insurance market is poised to remain stable through 2010, but new challenges are emerging for risk...
