Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
ACE Europe Reorganizes Business Structure in UK and Ireland
Sep 25 2009 // The ACE European Group has announced a new operating structure in the UK and Ireland with the creation of two distinct business segments, a new senior regional management structure and the launch of a suite of cross-class...
European Safety Agency Orders More Airbus Speed Sensor Checks
Sep 24 2009 // European safety officials have ordered checks on certain Airbus speed sensors supplied by U.S. manufacturer Goodrich, just weeks after clamping down on similar equipment from France’s Thales. Potentially faulty speed...
UN Seeks Momentum in Climate Talks as Obama, Hu Speak
Sep 22 2009 // China and the United States, the world’s top greenhouse gas emitters, will try to ignite efforts Tuesday to secure a U.N. global warming pact as worries grow of a “dangerously close” deadlock in...
Zurich Names Sepp COO for Europe General Insurance
Sep 18 2009 // The Zurich Financial Services Group has appointed Thomas Sepp (41, German citizen) to the position of Chief Operating Officer for Europe General Insurance (EGI), effective October 1, 2009. He succeeds Claudia Dill, who was...
EU Draft Document to Urge G20 to Maintain Support for Economy
Sep 16 2009 // European Union leaders will tell the G20 this month that public support to the economy must be maintained and while plans to withdraw it should be drafted now, implementation should come only when recovery is...
Kiln Strengthens European Presence with New Office in Paris
Sep 11 2009 // Lloyd’s insurer R J Kiln & Co Limited, the UK operation of the Tokio Marine Group, has opened a new office in Paris. Initially it will underwrite aviation business, including airline hull and liability...
Guy Carpenter Report Updates European Legal, Legislative Changes
Sep 10 2009 // Guy Carpenter & Company, LLC has published its annual update on legislative and legal developments affecting insurers and reinsurers in Continental Europe. The report – available at: www.GCCapitalIdeas.com...
At Home and Abroad, Vacated Properties Posing Greater Risks
Sep 7 2009 // A global recession, which has led to layoffs and a sharp drop in consumer spending, has also created a glut of commercial real estate space around the world. Vacated properties are a significant concern because they are...
Ratings: Syndicate 2003 (Catlin), La Colonial, United, Arch, Ballantyne Re
Sep 2 2009 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agency...
Marsh Finds Europe’s Retailers Fear Working Capital, Supply Chain Risks
Aug 28 2009 // New research by Marsh has found that senior executives at Europe’s leading retail and consumer brands businesses will be concerned by risks such as cash flow, credit risk and trade credit over the next 18 months. An...
Marsh Finds Excess Capacity, Competition Inhibit Premium Increases
Aug 26 2009 // According to figures released by Marsh “insurance premium rate reductions slowed for property and casualty business across Europe, the Middle East and Africa in the first half of 2009.” Marsh also concluded...
Pirelli’s Risk Manager Named as New FERMA Board Member
Aug 24 2009 // Jorge Luzzi, Worldwide Director of the Risk Management Department for the Italian based industrial group Pirelli, has been appointed as a member of the board of the Federation of European Risk Management Associations...
FERMA Supports RIMS Position on Brokers Contingent Commissions
Aug 17 2009 // The Federation of European Risk Management Associations (FERMA) has issued a bulletin expressing concerns over a new ruling in the US state of Illinois that allows brokers to resume taking contingent commissions. The...
Hennessy Named CEO for CNA Europe
Aug 14 2009 // CNA Financial Corp. has named John Hennessy to the position of chief executive officer of CNA’s European operations. The announcement comes soon after the insurer announced a strategy to grow its international...
Zurich Makes Two Executive Appointments
Aug 13 2009 // Zurich Financial Services Group (Zurich) has appointed Alan Fairhead (50, British citizen), currently chief underwriting officer for Global Corporate, to the position of chief underwriting officer for Europe General...
Allianz P/C Profit Down, Combined Ratio Up for Q2
Aug 7 2009 // Allianz disappointed investors on Friday as its property/ casualty insurance business missed expectations even as improving financial markets helped group net profit rise by a fifth in the second quarter. Net profit at...
Validus Opens European Office
Jul 22 2009 // Bermuda-based Validus Holdings, Ltd. has opened a European reinsurance representative office located in Hamburg, Germany. The new office will represent Validus Reinsurance, Ltd. (Validus Re), the Group’s...
S&P Affirms/Withdraws Some Swiss Re Operating Company Ratings
Jul 15 2009 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on various operating companies belonging to global reinsurer Swiss...
Best Affirms Omega Specialty, Lloyd’s Syndicate 958 Ratings
Jul 15 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Omega Specialty Insurance Company Limited (OSIL), both with stable...
France Sees Global ‘Airline Blacklist’ Ready Soon
Jul 13 2009 // A global blacklist for unsafe airlines will be set up soon, France’s Transport Minister Dominique Bussereau said on Monday. On Thursday the head of the International Civil Aviation Organization (ICAO) had rejected...
