Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Zurich Forms ‘Direct Business’ Unit
Jun 25 2007 // Zurich Financial Services Group has established a new business unit for its direct business in Europe effective July 1, 2007. Called quite plainly “Direct Business,” the new unit will be part of Zurich’s...
Commission Files Final Report on Holocaust Insurance Claims
Jun 19 2007 // The National Association of Insurance Commissioners has released a report on the activities of the International Commission on Holocaust Era Insurance Claims (ICHEIC). Authored by ICHEIC Chairman Lawrence S. Eagleburger...
Aspen Re Expands European Operations with Zurich Office
Jun 15 2007 // Aspen Re, a subsidiary of Aspen Insurance Holding Limited, announced the launch of Aspen Re in Europe along with plans to open an office, to be based in Zurich, that will act as the hub for Aspen’s European...
EU High Court Upholds Britain’s Workplace Safety Law
Jun 15 2007 // The European Court of Justice has upheld Britain’s workplace safety law, dismissing a legal claim by the European Commission that it violated EU rules. Under EU law, employers must ensure a safe and healthy workplace...
R&SA Inks New Eastern Europe Deal
Jun 7 2007 // The UK’s Royal & Sun Alliance Insurance Group has signed an agreement to acquire 50 percent of GD II – Global Direct Insurance Investments B.V. (GDI), a joint venture with Direct Insurance Financial...
Business Moves
Jun 4 2007 // Cadence, Strategic Independent Agents Alliance Cadence Insurance Services of Colorado Springs, Colo., became a member of the Strategic Independent Agents Alliance, a network of independent insurance agencies. Cadence...
S&P Warns EU Insurers Not to Ignore Solvency II
May 31 2007 // Standard & Poor’s Ratings Services has issued a report – “Beware Solvency II: As The 2010 Implementation Date Looms Closer, European Insurers Should Ignore It At Their Peril” -, warning the...
FERMA Calls EC Broker Commission Rules ‘Not Entirely Satisfactory’
May 29 2007 // The Federation of European Risk Management Associations notified the European Commission that the level of transparency of broker commissions is still “not entirely satisfactory.” FERMA first proposed changes...
Guy Carp Reports on European Legislative, Judicial Trends
May 25 2007 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies has published a report on the “Recent Legislative and Judicial Trends in Continental Europe...
ACE Europe Opens Offices in Hungary and Czech Republic
May 21 2007 // The ACE European Group has opened two new offices in Budapest, Hungary and Prague, Czech Republic, as part of its expansion plan for Central and Eastern Europe. Peter Dudas will head ACE’s Hungarian operation as...
Study: Financial Executives Expect Business Risks to Persist, Intensify
May 18 2007 // Financial executives at the world’s largest companies expect the severity of their most prevalent business risks to remain constant or intensify through 2009, according to the “Managing Business Risk Through...
Best Downgrades Merchants NH; Rates American European ‘B+’
May 18 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “B+” (Good) from “A-” (Excellent) and issuer credit rating (ICR) to “bbb-” from “a-” of Merchants...
Zurich Q1 Net up 71% to $1.387 Billion
May 16 2007 // Zurich Financial Services Group enjoyed a very good first quarter with all of its business units showing profit gain. Highlights for the period included the following: –Net income of $1.387 billion, a 71 percent...
Allianz Posts Q1 Eastern Europe Revenues of $1.435 Billion
May 15 2007 // Germany’s Allianz, which has been steadily expanding its activities in Eastern Europe, is now realizing strong results from its ventures. Revenues from Central and Eastern Europe in the first quarter of 2007 reached...
SCOR and Converium Reach Friendly Merger Agreement
May 10 2007 // Somebody at SCOR must have seen “The Godfather” recently, as the French reinsurer finally made Converium an offer it couldn’t refuse. After nearly three months of wrangling and battling press releases the...
Diplomats Begin Work on New Greenhouse Gas Accord
May 9 2007 // More than 1,000 diplomats have begun working on a new accord to control greenhouse gases, with developing countries calling for more money and expertise to help them fight the potentially catastrophic effects of global...
FERMA Sees Major Role for Risk Managers in Climate Change Battle
May 8 2007 // “Climate change will grow in importance for risk managers as the fight against global warming intensifies following the latest report of the Intergovernmental Panel on Climate Change (IPCC),” according to...
Catching up on climate change
May 7 2007 // What insurers in U.S. and worldwide are doing to address the effects of climate change Recent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate...
Catching up on climate change
May 7 2007 // Recent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate change and its impact on the insurance industry. Even so, most insurers have just begun...
US, China Criticize Climate Change Action Study, as EU Calls for Action
May 2 2007 // The European Union called on developing countries Tuesday to take action to reduce greenhouse gases, as delegates worked to finalize a report detailing measures needed to save the planet. The draft report from the...
