Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Obama Inauguration is a Global Event
Jan 20 2009 // For the past 100 years or so the election of a new American President has been more than just a local event. But the inauguration of Barack Obama as the nation’s 44th president has taken on a special importance. It...
Zurich Appoints Parker as CEO of Direct Business in Europe
Jan 13 2009 // Zurich Financial Services Group has appointed Ian Parker (43, UK citizen) to the position of CEO Direct business for Europe General Insurance (EGI) effective immediately. He has been acting as interim head of the direct...
Garrard to Head Willis Europe; Donovan Named for Australasia
Jan 7 2009 // Willis Group Holdings announced that Adam Garrard has been appointed CEO of Willis Continental Europe and Bill Donovan has been named to succeed him as CEO for Willis Australasia. The appointments were effective January 1,...
Climate Change Raises 2008 Cat Losses to $200 Billion Says Munich Re
Dec 31 2008 // Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number...
Munich Re 2008 Catastrophe Report Cites Role of Climate Change
Dec 30 2008 // Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes...
Despite Financial Crisis, Climate Change Concerns Continue
Dec 29 2008 // “This year’s climate change agenda has, if nothing else, highlighted that next year will be hard going for those wishing to set global agreement for action against climate change,” states a recent article...
Ratings II: Zurich (Spain), HDI (Italy), National Grid, Cat Bonds of Ajax, Carillion, Newton
Dec 23 2008 // Standard & Poor’s Ratings Services has raised its counterparty credit and insurer financial strength ratings on non-life insurer Zurich Espana, Compania de Seguros y Reaseguros, S.A.(Zurich España) to...
Ace Strengthens Environmental Team as UK to Implement New Legislation
Dec 17 2008 // ACE Europe (ACE) announced that it has “further strengthened its environmental risk team with the appointment of Chris Strong as Environmental Risk Underwriter.” ACE said it made the appointment in anticipation...
Zurich Reorganizes Irish Subsidiary
Dec 16 2008 // Zurich Financial Services Group announced that Zurich Insurance Ireland Limited (ZIIL), the Group’s Dublin-based European general insurance risk carrier, will be changing its name and incorporation status to Zurich...
Best Rates Liberty Mutual Europe ‘A’
Dec 15 2008 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to UK-based Liberty Mutual Insurance Europe Limited (LMIE), a part of the Liberty...
AIG Promotes Mucerino, Thomas, Portalatin, Baugh at International Unit
Dec 12 2008 // American International Underwriters (AIU), the ), the international property/casualty insurance organization of American International Group, Inc. (AIG), announced a number of executive appointments. Ralph Mucerino, senior...
Best Affirms Zurich Ratings; Revises Outlook to Stable
Dec 12 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company (ZIC), the main operating company of Zurich Financial...
EU Edges Closer to Climate Change, Stimulus Deals
Dec 12 2008 // European leaders moved towards agreement on Friday on a multi-billion dollar plan to tackle the global recession and a climate change plan amended to limit impact on struggling industries. Green groups warned that the...
S&P Finds European Insurance Holds Up Despite Market Conditions
Dec 11 2008 // Standard & Poor’s Ratings Services has published its latest findings on the state of European insurers. It concludes that for the most part, “with the exception of the relatively small number of...
Willis Research Scientists Unveil ‘Groundbreaking’ Hurricane Models
Dec 11 2008 // Scientists from the Willis Research Network (WRN), part of Willis Group Holdings Limited, have outlined groundbreaking new research on future hurricane activity and storm clustering in a presentation at Willis London...
Marsh Warns EU Companies of E&O Risks from Chemical Regulations
Dec 5 2008 // Marsh’s London office has issued a warning that companies that use chemical substances in the European Union (EU) could risk insurance implications “associated with their failure to adhere to the EU’s...
Ace Europe Names Duncan to Head P/C Unit in Ireland
Dec 5 2008 // ACE Europe has appointed Jim Duncan as Property & Casualty Country Manager for Ireland, based in its Dublin office. He will assume full management responsibility for ACE’s P&C product lines distributed...
Insurers Ponder Risk of Encouraging Trees to Fight Global Warming
Dec 1 2008 // Paying landowners to let forests grow is promoted by the United Nations as a viable way to fight global warming, but experts first have to puzzle out how to insure trees against going up in smoke. Under U.N. plans, owners...
ACE Europe Names McKellar Director for Scotland
Dec 1 2008 // ACE Europe has announced the appointment of Colin McKellar as Director of Scotland, based in its Glasgow office. He “will assume full management responsibility for all Property & Casualty (P&C) and Accident...
ACE Launches Swiss Company
Nov 26 2008 // ACE Limited has followed up its move to Zurich, Switzerland, as part of the redomestication of the Group’s holding company (See IJ web site –...
