Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
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...
XL to Offer Primary D&O Coverage Across Europe
Jun 15 2004 // XL Europe Limited, an XL Capital Ltd company, announced that XL’s worldwide professional lines operation, XL Insurance Professional, is to offer primary Directors & Officers (D&O) liability insurance...
Guy Carpenter, EQECAT Announce Probabilistic German Flood Risk Model
Jun 14 2004 // Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in...
Swiss Re Sees U.S. Economy Strengthening
May 20 2004 // Swiss Re’s seventh survey of economists’ opinions of the U.S. economy found that there is far less concern over drastic declines in equity markets and the value of the dollar, but fears of inflationary...
U.S. Investment Slowing in Europe Says RiskProNet Conference Speaker
May 19 2004 // Net U.S. investment in Europe has slowed considerably in the past decade, J. Bradford DeLong, professor of economics at the University of California at Berkeley, told directors of RiskProNet International Inc., at recent...
Houston Casualty Co. Affirmed
May 17 2004 // Standard & Poor’s Ratings Services affirmed its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co., U.S. Specialty Insurance Co., HCC Specialty...
Lloyd’s Appoints Battmann Representative in Spain
May 13 2004 // As part of its ongoing efforts to strengthen its presence in the European insurance market, Lloyd’s announced that it has appointed David Battman as a full-time representative, as part of its strategy to expand in...
Lloyd’s Authorized to Conduct Business in 8 New EU Member Countries
May 10 2004 // Lloyd’s Chairman Lord Peter Levene announced that the U.K.’s Financial Services Authority (FSA) has given Lloyd’s authorization to write direct business in eight of the new European Union accession...
Renggli to Head PartnerRe Finite Reinsurance-Global
May 5 2004 // Bermuda-based PartnerRe Ltd. announced that Thomas Renggli has been appointed to head the company’s Finite Reinsurance, Global unit. He will be based in Zurich, Switzerland and will be responsible for the production...
Meacock joins ri3k as European Sales Manager
May 4 2004 // ri3k the London-based platform data services provider to the reinsurance industry, announced that it has hired Colleen Meacock from systems house, CATEX, as European Sales Manager in order to “cope with surging...
EU Expands to 25 Countries
May 3 2004 // May first marked the most important expansion of the European Union in its 50 year history, as 10 countries joined the 15 existing members to create an economic block of 455 million people stretching from the Western...
Houston Casualty Co. Affirmed, Outlook Stable
Apr 23 2004 // Standard & Poor’s Ratings Services announced the affirmation of its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co. (Avemco), U.S. Specialty...
