Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Euler Hermes “Studying” Acquisition of Allianz Ireland Credit Insurance
Jun 2 2006 // Global trade credit insurer Euler Hermes is studying the acquisition of Allianz Ireland’s credit insurance activities, which have an annual turnover of around €10 million ($12.2815 million) with a 45 percent share...
Zurich Names Huerlimann CEO Global Corporate in Europe
Jun 2 2006 // Zurich Financial Services Group has appointed Thomas Huerlimann, 43, to Chief Executive Officer Zurich Global Corporate in Europe effective June 1, 2006. He joined Zurich as Head of Group Reinsurance in 2003 and became...
Spain’s MAPFRE to Change Corporate Structure, Expand; S&P Comments
Jun 1 2006 // Spain’s largest domestic insurance group, Sistema Mapfre, announced a major structural reorganization, which will eventually result in all of the Group’s activities being concentrated in its publicly traded...
RMS Releases “Fundamentally New” European Windstorm Model
May 30 2006 // Newark, Calif.-based Risk Management Solutions has launched “a fundamentally new platform for quantifying wind-related risk in 12 European countries,” said the announcement. “Meteorological modeling has...
Risk of European Floods Greater, Eqecat Says
May 24 2006 // Eqecat Inc., a-risk modeling company, said previous risk models underestimated Europe’s risk from floods. The company plans to release in late June an upgraded version of its German flood model, part of its EuroFlood...
AIA’s Snyder Tells London Audience GATS Outlook ‘Very Dark’
May 23 2006 // “It’s very dark right now,” said David F. Snyder, the American Insurance Association’s Vice President and Assistant General Counsel. He wasn’t speaking about the weather. He was referring to...
Willis Named “2006 European Commercial Broker of the Year”
May 23 2006 // Global broker Willis Group Holdings has been named the “2006 European Commercial Broker of the Year” for the second consecutive year. The award was presented as part of the annual European Risk Management...
EEA Report Says ‘Tackling Climate Change’ Will Save Lives, $15 Billion
May 15 2006 // A brief status report from the European Environment Agency (EEA)notes that “tackling climate change will improve Europe’s air quality, cut premature deaths and could save €12 billion [$15.4 billion] annually...
S&P Lowers QBE Hongkong Rating
May 15 2006 // As previously indicated (See IJ Website May 11), Standard & Poor’s Ratings Services has lowered its insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai Insurance...
PMI Europe Appoints Giorio New Country Manager for Italy
May 12 2006 // PMI Mortgage Insurance Company Limited (PMI Europe), the European mortgage insurance and credit enhancement subsidiary of The Calif.-based PMI Group, Inc., announced the appointment of Mr. Andrea Giorio as its new Country...
S&P Puts QBE Hongkong on CreditWatch after Guarantee Withdrawn
May 11 2006 // Standard & Poor’s Ratings Services announced from its Melbourne office that it has placed its “A+” insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai...
ACE European Launches New U.K. Corporate Travel Coverage
May 11 2006 // ACE European Group announced the launch of businessclass premier, described as “a new package of bespoke accident, health and travel insurance, services and risk consultancy, specifically for large corporate...
Accenture Survey Finds European Insurers See Positive Impacts from Solvency II Accounting Standards
May 3 2006 // A survey conducted by Accenture, the global management consulting, technology services and outsourcing company, has concluded that the majority of European insurers believe that “Solvency II will improve their...
Despite AIA Optimism USTR Change Raises Doubts on Doha Round
Apr 24 2006 // The American Insurance Association has issued a bulletin commending outgoing United States Trade Representative (USTR) Rob Portman for his leadership on trade negotiations. The AIA also welcomed his successor, Deputy USTR...
ACE USA Introduces New Foreign Clinical Trial Coverage
Apr 21 2006 // ACE USA, the U.S.-based retail operating division of Bermuda’s ACE Group of Companies, announced the introduction of “Foreign Clinical Trial Coverage,” to be available to U.S.-based life science companies...
S&P Report on European Insurance Sector Sees Stable Ratings
Apr 19 2006 // A new report from Standard & Poor’s Ratings Services Ratings -“Industry Report Card: European Insurance-” has found that financial ratings in the European insurance sector are predominantly...
ACE European Names French, Hayward to London Underwriting Posts
Apr 18 2006 // ACE European Markets has made two appointments at its London branch office. Stephen French has been appointed to chief underwriting officer. This is a new role will focus on core businesses of property, excess liability...
ACE Europe Enhances Liability Cover for Investment and Fund Managers
Apr 17 2006 // ACE European Group is launching an enhanced range of covers as part of its Elite Investment Management Insurance product. This is in response to increased exposure to litigation and a growing demand for the investment and...
Danube Floods SE Europe
Apr 17 2006 // The river Danube, which wends its way through much of Central and Southeastern Europe, has reached its highest level since 1895 in many places. Flooding in Serbia/Montenegro, Bulgaria and Romania has inundated towns,...
Axa Re Offer Mirrors Consolidation Moves by European Insurers
Apr 10 2006 // French insurer Axa SA said Friday it received a binding offer for its reinsurance business from a consortium of private-equity firms led by Stone Point Capital. The deal calls for the consortium — which also includes...
