Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
S&P Assigns AIG Europe N.V. ‘AAA’ Rating
Dec 13 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AAA’ financial strength rating and a stable outlook to AIG Europe (Netherlands) N.V. According to S&P credit analyst Grace...
European Insurance Summit 2004 Offers Some Words to Live By
Dec 6 2004 // Rating agencies are a reality, and we have to live with them,” Martin Kauer, CFO, Converium AG. “Market share is the enemy of risk management,” Brian O’Hara, president and CEO, XL Capital....
Swiss Re Economists Note Stock Market Risk
Dec 3 2004 // Swiss Re’s eighth survey of economists’ opinions shows they consider stock market risk to be substantial. The reinsurer’s “Economic Risk Survey,” conducted in October, also indicated that the...
FERMA Survey Finds Risk Managers Question Broker Compensation; More Transparency Needed
Dec 1 2004 // According to a recent e-mail survey, conducted by the Federation of European Risk Management Associations (FERMA), risk managers and their associations have long questioned how brokers are compensated. FERMA queried the...
S&P Reports European Insurers’ Ratings Stabilizing
Nov 26 2004 // A report from Standard & Poor’s Ratings Services indicates that its ratings on Europe’s insurers have continued to stabilize during 2004. “Only five out of the 20 groups covered in this report...
Aon Re Services Appoints Jean-Mairet as Director – Structured and Traditional Life Reinsurance – Europe
Nov 24 2004 // Aon Re Services Global Accident, Health and Life announced that Eduardo Jean-Mairet has joined the Life practice group as Director – Structured and Traditional Life Reinsurance (Europe). “He will use his...
Best Affirms Berkley-Europe’s ‘A’ Rating
Nov 24 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of U.K.-based W. R. Berkley Insurance (Europe) Limited (WRB). Best also assigned an issuer credit rating (ICR) of...
ACE Europe Restructures UK & Ireland P/C Operations
Nov 17 2004 // ACE Europe has announced the restructuring of its UK and Ireland Property & Casualty Operations into four distinct regions – North, Midlands and South West, South East and Ireland. Ace said: “The four...
ACE Announces Executive Changes in Europe, Bermuda
Nov 16 2004 // Bermuda’s ACE Limited has announced several executive appointments, as follows: — Andrew Kendrick, currently president and CEO of ACE Bermuda, has been named chairman and CEO of ACE European Group. —...
S&P Affirms Tokio Marine Europe ‘AA-‘ Rating
Nov 11 2004 // Standard & Poor’s Rating Services announced that it has affirmed it’s “AA-” insurer financial strength rating on London-based Tokio Marine Europe Insurance Ltd. (TMEI), a wholly owned...
S&P Rates PartnerRe Preferred Stock Issue ‘BBB+’; Affirms Rating, Stable Outlook
Nov 11 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” preferred stock rating to Bermuda-based PartnerRe Ltd.’s (PRE’s) proposed $200 million Series D Cumulative...
ACE European Group Set to Become Third Largest U.K.-Based P/C Insurer
Nov 9 2004 // ACE European Group Limited, the cornerstone of ACE’s London Market and European business, announced that it has received regulatory approval to transfer its Belgian based business into the U.K.-based...
ACE European Group Appoints Levin Executive VP – Accident and Health
Nov 3 2004 // ACE European Group announced from London that it has appointed Edward Levin as Executive Vice President, Accident & Health and Personal Lines. He joins ACE from Citigroup Insurance in London, where he was responsible...
ACE Europe Unveils Dataguard Product in UK to Assist Businesses Recover Info from Damages
Nov 1 2004 // ACE Europe, part of the global ACE Group of Companies, has launched its ACE Dataguard product in the UK to help businesses recover revenue and information that is corrupted or destroyed through cybercrime or as a result of...
ZFS Names Riddell and Wemmer to Executive Committee
Oct 21 2004 // Zurich Financial Services Group (ZFS) announced the appointment of Geoff Riddell (48) and Dieter Wemmer (47) to the Group Executive Committee effective immediately. Riddell will continue to serve as CEO of Zurich’s...
Ascot Underwriting Chooses AIR’s Risk Model Software to Aid Global Catastrophe Risk
Oct 20 2004 // Ascot Underwriting Ltd (Ascot), a managing agent at Lloyd’s of London has selected AIR Worldwide to provide risk modelling software to manage its catastrophe risk. Ascot has licensed AIR’s CATRADER and CLASIC/2...
Best Assigns ‘A+’,’aa-‘ Ratings to Aviva Group
Oct 18 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) and an issuer credit rating of “aa-” to the core companies of the U.K.’s Aviva Group. Best also...
EU Delays Plan to Ban Sex Discrimination in Insurance
Oct 8 2004 // The European Commission (EC), the European Union’s regulatory authority, has delayed plans to outlaw the use of gender to determine insurance premiums at least until December. The controversial initiative, first...
ACE Appoints Two Senior IT Managers
Oct 6 2004 // ACE announced from London that it has made two new senior appointments to its internal IT teams in order to strengthen its internal system capabilities. Mrs. Rashmi Rao joins ACE as Global Programme Director. She has over...
TT Club Boosts Presence in North Europe Markets
Sep 30 2004 // The U.K.-based TT Club, a leading transport insurance mutual, announced that it is assigning more resources to expand its presence in the continental European market, particularly in Germany, Scandinavia and the Benelux...
