Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
S&P Affirms QBE Re (Europe) ‘A+’ Ratings
Sep 23 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A+” long-term counterparty credit and insurer financial strength ratings on Dublin-based non-life reinsurer QBE Reinsurance...
Fortis CEO Van Rossum Steps Down; Votron Appointed
Sep 21 2004 // Fortis, the Belgian-Dutch banking, financial services and insurance group, announced that CEO Anton van Rossum, 59, who had earlier indicated to the Fortis Board not to extend his contract after August 2005, has decided to...
India – Fascinating, Frustrating and Growing
Sep 20 2004 // This is the second in a series of articles on the Asia insurance marketplace. The next article in this series will focus on Japan and will appear in an October issue of Insurance Journal. An ancient Indian parable tells...
Keefe, Bruyette Increases European Insurance Coverage
Sep 16 2004 // Keefe, Bruyette & Woods Limited, a U.K. based investment banking firm and wholly owned subsidiary of the U.S. company (KBW), announced it has hired two new professionals to bolster its equity research of European...
Study Finds EU Insurers Believe They Are Well Prepared for Next Market Cycle
Sep 16 2004 // A study, released at the Reinsurance Rendezvous in Monte Carlo, has concluded that “the vast majority of European insurers (85 percent) feel well prepared for the next market cycle.” The survey, commissioned by...
ACE Rebrands U.K Operations as ACE European Group
Sep 14 2004 // The ACE Group announced the re-naming of its UK Financial Services Authority regulated insurance company, ACE INA UK Limited, as ACE European Group Limited. “ACE European Group Limited underwrites business branded as...
Survey Finds European Insurers Increasingly Concerned By Growing Tort Claims
Sep 14 2004 // According to the findings of a survey commissioned by The Insurance Leadership Institute of GE Insurance Solutions, independently conducted by Tillinghast, European insurers are becoming increasingly concerned by the...
Allied World Formally Opens Dublin Office
Sep 10 2004 // Bermuda-based Allied World Assurance Holdings, Ltd. announced the formal opening of the European headquarters of its subsidiary, Allied World Assurance Company (Europe) Limited, in Georges Quay, Dublin. Mr. Charlie...
First EU Healthcare Fraud Conference Set for 18-19 October in London
Sep 7 2004 // Expanding information and sharing intelligence will be the focus of Europe’s first ever Healthcare Fraud and Corruption Conference, scheduled to be held in London on 18/19 October 2004. The conference sponsors noted...
ACE Announces Japan, N.Z. Management Changes
Aug 31 2004 // ACE Overseas General, the non-U.S. insurance operations of The ACE Group of Companies, announced from Bermuda that Neil C. Smith has been appointed as President of ACE Far East. He succeeds Scott Pickering, who has been...
European Insurers Consider Certain Terrorist Risk Exclusions for Airlines
Aug 26 2004 // Europe’s leading insurers are reportedly considering several clauses in airline insurance contracts that would exclude coverage for attacks involving chemical, biological and nuclear materials. The effort, headed by...
Best Assigns Arch (Europe) ‘A-‘; ‘a-‘ Ratings
Aug 25 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) to U.K.-based Arch Insurance Company (Europe) Ltd. (Arch Europe) and an issuer credit rating of “a-.”...
ACE Plugs Risk Data Gap with Launch of Online Tool
Aug 18 2004 // ACE Europe, a division of Bermuda’s ACE Limited, announced the launch of a system, described as “the insurance industry’s first web based tool to enable oil and gas companies to gather more accurate and...
EC to Begin Formal Work on Insurer/Reinsurer ‘Solvency 2’ Rules in 2005
Aug 18 2004 // Th European Commission (EC) confirmed its intention to begin implementing a number of new rules related to the solvency of both insurers and reinsurers in 2005. The EC’s “Solvency 2” initiative aims to...
ACE European Group Predicts More Alternative Risk Financing Over Next Five Years
Aug 10 2004 // Research amongst European and U.S. Risk Managers concludes that within the next five years over half will be using alternative risk financing as a key part of their risk programs, according to ACE European...
Tower Group: North American Insurers See Growth in Emerging Markets for Asia, Europe and Latin America
Aug 3 2004 // North American insurers currently are pursuing global expansion at a pace rivaling that of European insurers’ entry into U.S. markets in the early 1990s. According to TowerGroup, more favorable economics, key...
Romagné Named Sr. VP at XL Re
Jul 23 2004 // XL Re Europe, the Continental Europe platform for the Reinsurance Operations of XL Capital Ltd., announced the appointment of Bertrand Romagné as senior vice president and head of the Property Treaty Department. Romagné,...
China Wakes Up as the World Watches
Jul 19 2004 // This is the first in a series of articles on the Asia insurance marketplace. Part two in this series will focus on India and will appear in a September issue of Insurance Journal. “Let China Sleep, for when she...
AXIS Officially Opens New European HQ in Dublin
Jul 9 2004 // Bermuda-based AXIS Capital Holdings Limited announced that Charlie McCreevy T.D. Finance Minister officially opened its new European headquarters in Dublin. A Dublin office was one of AXIS’ first steps in...
XL Re Appoints Hindle as Ceded Reinsurance and Underwriting Risk Manager
Jul 9 2004 // Bermuda’s XL Re Ltd., a subsidiary of XL Capital Ltd., announced the appointment of Jeremy Hindle as Ceded Reinsurance and Underwriting Risk Manager, based in London. He is currently Director of Property Underwriting...
