Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Holocaust Insurance Claims Appeals Conclude; $300 Million Awarded to Survivors
Mar 20 2007 // The International Commission on Holocaust Era Insurance Claims (ICHEIC) announced that its claims and appeals processes have concluded. More than $300 million in awards were distributed to more than 48,000 Holocaust...
European Insurance Forum Puts Ireland in the Spotlight
Mar 19 2007 // 18 years ago an Irish insurance conference probably would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...
Dignat Joins Guy Carpenter’s New European Solutions Group
Mar 19 2007 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of Laurent Dignat, 41, to its newly created European Solutions Group. He...
Marsh Expands Europe Specie Team
Mar 14 2007 // Marsh announced from its London office that it has appointed Mervyn Owen as jewelers’ block specialist in the London office of its Specie Practice, which “delivers insurance services and advice concerning...
S&P Sees No Ratings Change for Swiss Re Subsidiaries
Mar 14 2007 // Standard & Poor’s Ratings Services said that its ratings and outlooks on the European subsidiaries of Zurich-based global reinsurer Swiss Reinsurance Co. -rated “AA-/Stable/A-1+” – remain...
Swiss Re to Alter Structure as EU Re Directive Deadline Approaches
Mar 13 2007 // Swiss Re announced plans to alter its current corporate structure within the European Union by forming three legal entities, based in Luxembourg. They “will serve as risk carriers for most of its European reinsurance...
EU to Promote Alternative Energy, Cut CO2 Emissions
Mar 12 2007 // The European Council, a working group of EU country ministers, concluded its meeting in Brussels on Friday, March 9, with the announcement of ambitious goals to improve energy efficiency and reduce greenhouse gas...
People
Mar 12 2007 // Markel Insurance Co. named Thomas K. “Smitty” Smith vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond, Va., branch of Riggs,...
Marsh Comments on Effect of EU’s ‘REACH’ Regulations
Mar 7 2007 // On 29 October 2003, the European Commission adopted a proposal for a new EU regulatory framework for chemicals. The new system, dubbed REACH (Registration, Evaluation and Authorization of CHemicals), outlined a complex...
Marsh Sees ‘Demand Surge’ in Romania’s Compulsory D&O Law
Mar 2 2007 // “Changes to Romanian corporate law, making it compulsory for companies to purchase directors’ & officers’ liability insurance (D&O), are creating a surge in demand for cover,” according to...
Allianz Preliminary Earnings Report-Net Income up 60% to $9.2 Billion
Feb 22 2007 // Germany’s Allianz released strong growth figures in its preliminary earnings report with net income for the year up by 60 percent from just under €4.4 billion ($5.77 billion) in 2005 to more than €7 billion ($9.2...
Marsh Names White as FINPRO Practice Leader for Europe
Feb 22 2007 // Marsh UK has promoted Roy White as practice leader of its Financial and Professional Services Practice (FINPRO), in Europe, Middle East and Africa. He is based in Marsh’s London office and will assume overall...
Max Re Names Rainey Executive VP & CFO of Max Europe Holdings
Feb 20 2007 // Bermuda-based Max Re Capital Ltd. announced that Walker Rainey, previously Senior VP and CFO of Max Europe Holdings Limited, has been promoted to Executive Vice President and CFO of Max Europe Holdings, effective...
Best Comments on January Reinsurance Treaty Renewals
Feb 20 2007 // A.M. Best has published a comment on the recently published figures from a number of global reinsurers following the January treaty renewals, mainly focusing on Europe. Best said most “global reinsurers are...
Zurich Acquires Majority Stake in Russia’s NASTA
Feb 14 2007 // The Zurich Financial Services Group has signed an agreement for the purchase of a majority stake in OOO NASTA Insurance Company, headquartered in Moscow, Russia. “In combination with Zurich’s existing Russian...
Guy Carpenter Makes Management Changes
Feb 13 2007 // Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has announced a number of changes to its executive leadership teams in North America, the United Kingdom and...
Eckert to Retire as Zurich COO
Feb 9 2007 // Zurich Financial Services Group announced that “after more than 25 years of dedicated service to Zurich, its employees, its shareholders and its customers, Peter Eckert will be retiring effective February 28,...
ACE Europe Global Markets Study Highlights Political Risk Concerns
Feb 1 2007 // According to a new report the Economist Intelligence Unit (EIU), sponsored by ACE, “nearly 30 percent of senior executives and risk professionals surveyed said their companies had been forced to cancel existing...
Converium Estimates Kyrill Claims between $32 to $46 Million
Feb 1 2007 // Swiss-based reinsurer Converium has estimated that its gross claims for winter storm Kyrill will be around €25 to €35 million ($32.5 to $46.5 million). Converium said its estimates were “based on an assumed...
Allianz Lecturers Urge EU Lead on Climate Change
Jan 30 2007 // The global debate on Climate Change has gone from a sideshow to the main event, taking over the front pages of many newspapers. The Intergovernmental Panel on Climate Change (IPCC) Conference, currently taking place in...
