Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
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...
PMI Europe Receives Italian Regulatory Approval
Jul 9 2004 // The California-based PMI Group, Inc. announced that its wholly owned subsidiary, PMI Mortgage Insurance Company Limited (PMI Europe), has received regulatory approval to operate an Italian branch. PMI Europe’s office...
S&P Report Analyzes European Insurers’ Profit Growth
Jul 7 2004 // According to a recent report issued by Standard & Poor’s Rating Services, “Europe’s insurers will continue to face challenges in delivering genuine ‘profitable growth’ over the next few...
SCOR Group Announces Executive Appointments
Jul 6 2004 // Paris-based reinsurer SCOR Group has announced the following executive appointments: Jean-Luc Besson, 58, has been nominated Chief Risk Officer, responsible for the global Central Technical Department. He is an Actuary,...
Best Upgrades Travelers C&S Europe to ‘A+’
Jun 30 2004 // In a joint ratings announcement A.M. Best Co. said it had downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) of Travelers/St.Paul subsidiary Gulf Insurance Group (See...
FGIC Names Watson Managing Director-London Office
Jun 24 2004 // Financial Guaranty Insurance Company (FGIC) announced that Rick Watson has been appointed Managing Director-Structured Finance in the company’s London office, effective June 22. Before joining FGIC, Watson headed ABS...
AXIS Specialty Europe to Offer Professional Lines
Jun 22 2004 // AXIS Capital Holdings Limited announced that its European insurance subsidiary, AXIS Specialty Europe Limited (AXIS Europe), has begun underwriting Directors and Officers Liability Insurance and other Professional Lines...
AIG United Guaranty to Expand in EU, Asia
Jun 22 2004 // AIG United Guaranty, whose affiliate companies provide mortgage guaranty insurance, announced plans to expand both its European and Asian operations as part of its “international growth program.” It has...
Best’s Report Finds European Reinsurers’ Financial Strength Stabilized
Jun 18 2004 // A study conducted by A.M. Best Co. has concluded that Europe’s reinsurers have seen their financial strength stabilize after a two-year period of downward pressure. “Strong accident year results were maintained...
AIR Provides Modeling Support for Helix Catastrophe Bond Launched by Converium
Jun 15 2004 // AIR Worldwide Corporation (AIR) announced it has performed the risk modeling and analysis in support of a private placement by Helix 04 Limited, a Bermuda special purpose exempted company. The five year, $100 million...
