Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Zurich’s CEO Discusses Industry Issues in Davos Interview
Jan 26 2006 // Zurich Financial Services has released an interview with the Group’s CEO, James Schiro, to coincide with the ongoing conference of international business leaders, being held in the Swiss resort of Davos. Schiro, an...
AIR Worldwide Opens Munich Office
Jan 20 2006 // AIR Worldwide Corp. announced the opening of AIR Worldwide GmbH in Munich, Germany, “to meet the needs of its expanding client base in the region.” Yoern Tatge will head the new office. AIR noted: “Europe...
S&P Sees European Securitizations Gaining Acceptance
Jan 19 2006 // Standard & Poor’s newly issued report on Corporate Securitizations notes that these types of transactions are gaining increasing acceptance as a capital management tool by European insurers, with Swiss Re and...
Zurich (Ireland) Opens Branches in France, Sweden and Finland
Jan 18 2006 // Zurich Financial Services Group announced that Zurich Insurance Ireland Limited (ZIIL), the EU-wide risk carrier for Zurich Global Corporate business, has opened branches in France, Sweden and Finland in addition to its UK...
DIMA Rejects Claims it Opposes EC Reinsurance Regs
Jan 11 2006 // The Dublin International Insurance & Management Association (DIMA), which represents the majority of non-life insurers, non-life and life reinsurers, and captive managers located in Ireland, has strongly rejected...
S&P Calls 2005 ‘a Good Year’ for European Insurers, Despite Losses
Jan 11 2006 // A report published by Standard & Poor’s Ratings Services, “Industry Report Card: European Insurance,” notes that “despite the large losses related to hurricanes Katrina, Rita, and Wilma, 2005...
ACE Cites Increased Risks in Outsourcing IT Systems
Jan 9 2006 // ACE European Group Limited has issued a warning to organizations who outsource their IT systems, which indicates they “are increasing their potential vulnerability to security breaches causing possible long term...
‘EuroTempest’ Introduced to Forecast Potential Windstorm Damage
Jan 6 2006 // A team in the U.K. has produced a new wind damage prediction tool called EuroTempest, designed to provide local damage forecasts for European windstorms. An announcement on the Lloyd’s Website (www.lloyds.com) notes...
Euler Hermes Issues Global 2006 Economic Assessment
Jan 5 2006 // Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer...
Allianz Moves Ahead with RAS Merger
Dec 30 2005 // German’s Allianz AG has released a series of documents in furtherance of its plans to merge its German and Italian operations into one European Group. As announced last September (See IJ Website Sept. 13) Allianz...
The Enstar Group Reports Acquisition of UK Insurance Company
Dec 30 2005 // The Enstar Group Inc. reported that its partially owned equity affiliate, Castlewood Holdings Limited, and Shinsei Bank, Limited have signed definitive agreements for the purchase of Aioi Insurance Company of Europe...
Guy Carpenter Unveils 2005 Central, Eastern Europe Flood Report
Dec 28 2005 // Guy Carpenter & Company Ltd. reported the release of European Flood Report 2005 – Central and Eastern Europe, a detailed summary and review of 2005 Central and Eastern European flood activity. The report,...
S&P Affirms Converium’s Ratings; Off CreditWatch; Outlook Stable
Dec 22 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB+” long-term counterparty credit and insurer financial strength ratings on Swiss-based reinsurer Converium AG and the...
Eurpoean Collector, Insurer Addresses ‘Art Basil’ in Miami Beach
Dec 19 2005 // The trials and tribulations of maintaining and insuring a well-known corporate art collection, from bombings by the IRA, to being stolen by builders and damaged when cleaners sprayed paintings with window cleaner, were...
Eurpoean Collector, Insurer Addresses ‘Art Basil’ in Miami Beach
Dec 18 2005 // The trials and tribulations of maintaining and insuring a well-known corporate art collection, from bombings by the IRA, to being stolen by builders and damaged when cleaners sprayed paintings with window cleaner, were...
SCOR Acquires Alea’s Renewal Rights to European P/C Treaties
Dec 16 2005 // French reinsurer SCOR Group announced that it has reached agreement with the Alea Group to acquire the renewal rights to its European reinsurance treaties for 2006. The move follows Alea’s sale of its renewal rights...
Report: Europe’s Insurers Ignore IT Infrastructure Risks When Pricing
Dec 6 2005 // More than 50 percent of European insurance companies appear to be ignoring the physical environment in which information technology infrastructure is housed when setting premiums, according to research commissioned by...
Companies May Not Be Protected Against Personal Privacy Breaches
Dec 5 2005 // As more companies outsource the processing of sensitive personal information, insurance brokers and their clients need to be better educated about protecting customer and employee privacy, and about data security,...
Companies May Not Be Protected Against Personal Privacy Breaches
Dec 4 2005 // As more companies outsource the processing of sensitive personal information, insurance brokers and their clients need to be better educated about protecting customer and employee privacy, and about data security,...
News Briefs
Dec 4 2005 // Willis Expands in China, Latin America: In a breakthrough agreement, global insurance broker Willis Group Holdings Limited, has received written approval from the China Insurance Regulatory Commission (CIRC) to increase...
