Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
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...
Reinsurance 2007 – A victim of success?
Aug 20 2007 // 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 2007 — it tops the leader board. But as any golf buff knows the final 18...
ACE Overseas Makes Accident/Health Management Appointments
Aug 9 2007 // ACE Overseas General has appointed Edward Levin, currently Regional Executive Vice President, Accident & Health (A&H), ACE Europe, to the position of Executive Vice President, International A&H. Andy...
S&P: Capital Management, ERM, Solvency II Concern European Insurers
Aug 7 2007 // Standard & Poor’s Ratings Services analyzes plans to pay back capital, maximizing ROEs and the lack of opportunities to deploy capital effectively in a new report – “Capital Management, Enterprise...
Endurance Names Guenther Chief Re Underwriting Officer for London
Aug 2 2007 // Endurance Specialty Holdings Ltd. announced that Hans-Joachim Guenther would join Endurance Worldwide Insurance Limited in London as Chief Underwriting Officer for Reinsurance and Head of Reinsurance for Europe. He has 19...
E.U. Consumer Chief Asks China to Step Up Product Safety
Jul 19 2007 // The European Union said it will ask China to be much more vigilant about product safety, requesting that officials there follow up on cases and report back to the EU about what measures are being taken. EU Consumer...
EU Consumer Chief to Ask China to Step up Product Safety Checks
Jul 19 2007 // The European Union said Tuesday it will ask China to be much more vigilant about product safety, requesting that officials there follow up on cases and report back to the EU about what measures are being taken. EU Consumer...
S&P Report Analyzes Bancassurance in Europe, U.S., Russia
Jul 6 2007 // Standard & Poor’s Ratings Services has issued a new report -“Bancassurance Approaches Employed In Europe, The U.S., And Russia: Similarities And Differences-” that analyzes the sector in those...
ACE Europe Launches Renewable Energy Coverage
Jul 6 2007 // The ACE European Group announced the launch of “ACE Renewable Energy,” a new program which it described as “an innovative insurance solution for UK renewable energy producers and providers in a single...
ACE Europe Management Moves
Jun 29 2007 // The ACE European Group has announced some changes to its Continental European country management with immediate effect, as follows: Jeff Moghrabi is to assume the role of Country Manager for ACE France, replacing Olivier...
RMS Releases New European Earthquake Model
Jun 28 2007 // Risk Management Solutions has launched an extensive new model for earthquake risk in Europe, which it believes is the “most comprehensive model of its type.” It covers Austria, Belgium, Germany, Italy and...
S&P’s European Insurance Symposium Highlights Impending Changes
Jun 28 2007 // Kathleen A. Corbet, President of Standard & Poor’s, told the audience at its second annual European Insurance Symposium that the insurance sector is at a critical point, with the move to greater transparency,...
Private Equity Firms Face Increased Litigation, Says Marsh Report
Jun 28 2007 // According to a survey by Marsh’s UK office, “almost half of private equity firms believe they will face an increased level of lawsuits over the next two years.” 47 percent of those surveyed predicted an...
FSA Approves ACE UK Life Co.
Jun 28 2007 // ACE Limited has received approval from the UK’s Financial Services Authority to establish a London-based life assurance company, ACE Europe Life Limited, doing business as “ACE Life.” The new Company...
RMS Sets Parameters for Brit’s Fremantle Sidecar
Jun 25 2007 // Risk Management Solutions has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe risk relating to securities issued by Fremantle Ltd, a Cayman...
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...
