Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
ESA Reports ‘Lowest Arctic Ice Coverage in History’
Sep 17 2007 // Only a couple of years ago the headline “Northwest Passage Found,” would have been relegated to April Fool’s Day or the August silly season. Now, according to new satellite photos released by the European...
Guy Carpenter Issues EU Casualty Specialty Report
Sep 12 2007 // Guy Carpenter & Company has published a new report “Casualty Specialty Update,” which covers the areas of liability catastrophe modeling, European environmental liability legislation and the impact of...
Flagstone Re Suisse Announces Management Appointments
Sep 11 2007 // Bermuda’s Flagstone Reinsurance Holdings Limited announced two senior management appointments for its European subsidary, Flagstone Reassurance Suisse SA. Guy Swayne has been appointed CEO, subject to approval by the...
S&P Rates Swiss Re Europe ‘AA-‘
Sep 11 2007 // Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and insurer financial strength ratings to Luxembourg-based composite reinsurer Swiss Re Europe S.A. with a stable...
S&P Publishes Reinsurance Reports
Sep 10 2007 // Standard & Poor’s Rating Services has issued a series of reports on the global reinsurance industry, timed to appear as the annual Reinsurance Rendezvous opens its doors in Monte Carlo. The meeting, which...
Guy Carp Names Lumbis Managing Director, Corporate Finance-Europe
Sep 4 2007 // Guy Carpenter & Company has appointed Paul Lumbis as Managing Director of Corporate Finance, Europe. He will be responsible for leading the firm’s European corporate finance business, with a particular emphasis...
Marsh UK warns of possible liabilities
Sep 3 2007 // Marsh UK has issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater directors’ and...
Marsh UK warns of possible liabilities
Sep 3 2007 // Marsh UK has issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater directors’ and...
Marsh cautions Europeans on U.S. subprime crisis
Sep 3 2007 // Insurance broker Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater D&O and E&O...
MARSH UK: POSSIBLE LIABILITIES FROM SUBPRIME DEFAULTS
Sep 3 2007 // Marsh UK recently issued a warning to European financial services sectors, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater Directors’ and...
Marsh cautions Europeans on U.S. subprime crisis
Sep 3 2007 // Insurance broker Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater D&O and E&O...
Fitzgerald to Head Marsh UK’s HR Dept.
Aug 30 2007 // Marsh UK announced the appointment of Michael Fitzgerald as Head of Human Resources in the UK. He will assume responsibility for all aspects of Marsh UK’s HR management, including HR strategic development,...
Moody’s: US Sub-prime Crisis has ‘Limited Direct Impact’ on European Insurers
Aug 27 2007 // The London office of Moody’s Investors Service has issued a new “Special Comment” analyzing the current crisis in the US sub-prime mortgage market and “the related uncertainty surrounding structured...
S&P, Best Comment on PartnerRe’s EU Centralization Move
Aug 23 2007 // The rating agencies reacted positively to PartnerRe’s move to centralize all of its European operations in its Dublin-based subsidiary (See previous article). Standard & Poor’s Ratings Services assigned...
PartnerRe Centralizes Global Reinsurance Structure in Ireland
Aug 23 2007 // Bermuda-based PartnerRe Ltd. announced that “Partner Reinsurance Europe Limited, a wholly- owned subsidiary of PartnerRe Ltd., based in Dublin, will, from January 1, 2008, be the principal reinsurance carrier for...
S&P Forecasts a ‘Challenging Environment’ for Global P/C Insurers
Aug 22 2007 // Standard & Poor’s Ratings Services has issued a report entitled “Global Multiline Insurers Brace For A Testing Second-Half 2007 As Property/Casualty Market Languishes,” on its RatingsDirect service....
Best Affirms SCOR Ratings; Upgrades Converium; Off Review
Aug 22 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of France’s SCOR Group and its rated subsidiaries. Best also...
Marsh UK Warns of Possible E&O, D&O Liabilities from Subprime Defaults
Aug 21 2007 // Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater Directors’ and Officers’...
Zurich Launches New Direct Insurance Offering in Germany
Aug 21 2007 // The Zurich Financial Services Group has launched a new pan-European direct insurance offering “Zurich Connect,” in Germany. The initiative is “part of a European-wide roll out” that provides...
Reinsurance 2007 — A victim of success?
Aug 20 2007 // Record earnings, capitalization and profits deliver new challenges for reinsurers If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of...
