Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
S&P Rates XL Re Europe ‘A+’
Oct 19 2006 // Standard & Poor’s Rating Services has assigned its “A+” counterparty credit and financial strength ratings to newly created, Dublin-based XL Re Europe Ltd. The new Company will assume all non-life...
XL Establishes Dublin-Based Reinsurance Platform XL Re Europe
Oct 19 2006 // Bermuda’s XL Capital Ltd. has received approval for a new fully licensed European reinsurance company, XL Re Europe Limited, based in Dublin, which will become its European reinsurance platform. XL previously...
Best Upgrades Ratings of ACE European Group
Oct 17 2006 // A.M. Best Co. has upgraded the financial strength rating to “A+” (Superior) from “A” (Excellent) and the issuer credit rating (ICR) to “aa-” from “a+” on ACE European Group...
Arch Reinsurance Opens Zurich Branch
Oct 17 2006 // Arch Reinsurance Ltd. is opening a branch office in Zurich, Switzerland. The new office will focus on regional business that is complementary to the existing relationships of Arch Re in Bermuda. The new office will also...
Resource Constraints Hinder Risk Managers From Preparing For Catastrophes
Oct 10 2006 // Time and resource constraints are hindering risk managers’ efforts to help their organizations prepare for catastrophes, such as power outages, avian flu or extreme weather, according to the latest Economist...
Benfield Reports on European Reinsurers Strong H1 Results
Sep 28 2006 // Independent reinsurance and risk intermediary Benfield has just released its latest European Quarterly Report, entitled “Hoping for the Best,” covering the first half results of European reinsurance groups. The...
Bulgaria, Romania to Join EU
Sep 27 2006 // Following its positive decision last May, the European Commission formally accepted the applications by Bulgaria and Romania to join the European Union as of January 1, 2007. They will increase the number of EU member...
Euler Hermes Finds ‘Imbalances’ Could Slow Growth of Global Economy
Sep 26 2006 // Euler Hermes ACI, the US subsidiary of the Euler Hermes group, a global credit insurance provider, has issued its latest analysis of the global economy which concludes that although the IMF outlook remains positive,...
Cutting the fat in state regulation
Sep 25 2006 // Are we doing things we really should be doing from a regulatory standpoint to cut the cost of regulation? asked Property Casualty Insurers Association of America President and CEO Ernie Csiszar during the International...
Allianz Reaches Agreement with RAS, Employees for SE Plan
Sep 21 2006 // Germany’s Allianz announced that it has reached an agreement with employee representatives of its Italian subsidiary RAS Holding S.p.A on “the future structure for the operational and corporate codetermination...
Hurricane Gordon Nears The Azores; Could Hit Europe
Sep 19 2006 // The “hurricane season” usually causes concern in the Caribbean, the Gulf of Mexico, Florida, along the western Atlantic seaboard and Bermuda. However, this year residents of those areas are beginning to breathe...
ACE Europe Appoints McConnachie Direct Marketing Director for A&H
Sep 19 2006 // ACE Europe announced the appointment of Iain McConnachie to the position of Direct Marketing Director for Europe within its Accident & Health division. He joins ACE’s European operation from Time Life Direct...
E&Y Survey: 80% of EU Insurers Start Solvency II Compliance; Will Affect U.S.
Sep 15 2006 // The shoe doesn’t fall until 2010, but already, according to a survey by the Ernst & Young Global Insurance Centre, 80 percent of “major European insurance companies have already begun Solvency II (SII)...
RMS Releases Germany River Flood Model
Sep 12 2006 // Risk Management Solutions, a Newark, Calif.-based provider of products and services for the management of natural hazard risk, released its probabilistic Germany River Flood model to assess both off and on-flood plain...
Best Upgrades SCOR Ratings to ‘A-‘
Sep 11 2006 // SCOR’s “Back on Track” restructuring strategy finally paid off as the French reinsurer regained its “A” rating from A.M. Best Co. The rating agency announced that it has upgraded the financial...
Singapore PM Urges Lloyd’s to Expand Asian Links
Sep 11 2006 // Lloyd’s Chairman Lord Levene welcomed His Excellency Lee Hsien Loong, Prime Minister of Singapore, and a host of senior executives from across the insurance market, government and business at a dinner held in the...
U.K.’ s BCC, AIG Team up to Offer Small Business Solutions
Sep 8 2006 // The British Chambers of Commerce (BCC) has teamed up with AIG Europe (UK) Limited to provide small and mediums sized businesses (SMEs) with tailored insurance solutions and advice on business risk management. “Recent...
U.S., Swiss and EC Approve AXA’s Acquisition of Winterthur; Executive Appointments
Sep 8 2006 // France’s AXA Group has received approvals from U.S., Swiss and the European Commission antitrust authorities for its CHF12.3 billion ($9.89 billion) agreement to acquire Winterthur Swiss Insurance Co. from Credit...
Revenue is King for P/C Insurers, But Bigger Isn’t Better, Study Reports
Sep 6 2006 // A comprehensive study of property and casualty insurance companies in North America, Western Europe and Australia has determined that the top line is more often the bottom line than previously thought. Bain finds that the...
Ireland’s Quinn-direct to Create 1000 New Jobs
Sep 5 2006 // One Company that seems confident in the growth predictions of the Research & Markets report (See related article) is Ireland’s Quinn Group. It plans to hire as many as 1000 new workers for its insurance...
