Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Batchelor Returning to London to Head Marsh Europe/Mideast
Jan 16 2008 // Marsh announced from its London office that David Batchelor will succeed Alex Moczarski as CEO of Marsh’s operations in Europe, the Middle East and Africa (EMEA). He currently heads the Asia Pacific region for Marsh,...
Guy Carp to Open Prague Office
Jan 15 2008 // Guy Carpenter & Company, announced that it will be opening an office in Prague on March 1, 2008, to further develop business and serve clients based or conducting business in the Czech and Slovak Republics. The new...
Best Report Warns on Danger of ‘Moderate Quakes’ in Europe
Jan 8 2008 // In a special report A.M. Best Co. warns that “lurking beneath Central Europe are numerous faults that rarely break the ground surface but that still could lead to large scale catastrophe losses for insurers and...
Experts Forsee Volatile Investment World in 2008
Jan 3 2008 // The start of a new year often brings jokes about crystal balls, but with the arrival of 2008, many investors are ruefully saying they don’t need fortunetelling gimmicks – they know that the problems that made...
Top Insurance Stories in 2007
Dec 31 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Munich Re 2007 Nat Cat Report Warns of ‘Rising Trend’
Dec 28 2007 // Munich Re’s loss figures for 2007 from natural catastrophes concludes that “despite the general absence of extreme events, overall economic losses had reached $75 billion by the end of December – an...
2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market
Dec 23 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Preliminary Swiss Re ‘sigma’ Report Estimates 2007 Cat Losses
Dec 19 2007 // Swiss Re has released a preliminary “sigma” report detailing the extent of 2007’s catastrophe losses. According to its initial estimates, more than 20,000 people were killed by natural and man-made...
Ratings Recap: London General, AIG Global Trade, Kiln, PartnerRe (Europe), New Technology, Radian (Europe), Allied World
Dec 17 2007 // A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company...
UN Climate Chief Says US-EU Deadlock over Emissions Cuts Threatens Summit
Dec 14 2007 // The U.N. climate chief warned on Thursday that a deadlock between the United States and the European Union over pollution cuts threatened to derail talks aimed at launching negotiations for a new global warming...
Marsh Adds two Execs to Communications, Media and Technology Team
Dec 11 2007 // Marsh announced from its London office that Hutton Swinglehurst has been named as a Senior Vice President and Matthew Hogg as a Vice President of its global Communications, Media and Technology Practice (CMT). Both men...
Best Appoints Charteris-Black Director – Global Financial Services
Dec 11 2007 // A.M. Best Co announced that Nick Charteris-Black will be joining the rating agency during the first quarter of 2008 as Director – Global Financial Services for A.M. Best Europe. He will be located in Best’s...
Ratings Recap: China (NZ), Hannover ReTakaful, Fairfax, Radian (Europe)
Dec 5 2007 // A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of China Insurance (NZ) Company Limited of New Zealand with a stable outlook. The ratings...
Baugh to Replace Glaser at AIG UK; Portalatin, Hernandez Move Up
Dec 3 2007 // Following the departure of Daniel Glaser to Head Marsh (See related article), American International Group announced the promotion of three executives in its Foreign General insurance operations. Alexander R. Baugh will...
Zurich Appoints Kath, Barnes to New Claims Positions
Nov 29 2007 // Zurich Financial Services announced changes in the claims division of its global corporate and European General insurance units. Jutta Kath, 47, who is currently Chief Claims Officer for Global Corporate, has been...
Willis Names Piccolomini to Head Continental Europe Operations
Nov 27 2007 // Willis Group Holdings announced that Flavio Piccolomini, former CEO of Willis’ Italian operations, Willis Italia Spa, has been appointed CEO for Continental Europe, including the Nordic region. He will report to...
Ratings Recap: MMA, Shinkong, First Ins., Singapore Re, Swiss Re, W.R. Berkley (Europe)
Nov 21 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on France-based insurer MMA IARD Assurances Mutuelle (MMA IARD) to ‘A’ from...
Guy Carp’s New Czech Flood Model
Nov 16 2007 // Guy Carpenter & Company, LLC announced that its Instrat ® unit has introduced a new, fully probabilistic flood model for the Czech Republic. “The model provides insurers with a reliable, high-quality set of...
S&P to Hold Conferences on European Bank Sector
Nov 16 2007 // Standard & Poor’s announced that it will be holding conferences on the European bank sector across Europe. The meetings will concentrate on “how financial institutions are managing their way through the...
Agents Tell Treasury Financial Regulation Study Questions Biased
Nov 15 2007 // A notice published in the Federal Register seeking comments for a broad Treasury Department review of financial regulation is biased in favor of federal regulation of insurance and foreign business entities, according to...
