Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Weather-Related Disasters Cost $60 Billion in 2003
Dec 11 2003 // Delegates attending the current meeting of the United Nations Environment Programme (UNEP) in Milan heard a report, prepared by Munich Re, estimating that the cost of natural disasters, most of which were weather-related...
Ewald Kist to Retire as ING Chairman
Nov 20 2003 // Ewald Kist, an enthusiastic runner, will soon have more time to train for the next ING New York City Marathon. He will be 60 next year, and the Netherlands-based Company announced that on reaching that milestone he will...
Best Affirms ACE Belgian Sub ‘A’ Rating
Nov 17 2003 // A.M. Best Co. announced that it has affirmed the ‘A’ (Excellent) financial strength rating of ACE Europe’s Belgian subsidiary, ACE Insurance S.A. – NV, with a stable outlook. “The rating...
New Swiss Re Publication Looks at Question: Is Ecological Damage Insurable’
Nov 12 2003 // Legislative initiatives within the European Union, as well as at the United Nations, the European Parliament and various countries reportedly are currently aimed at introducing a liability regime for dealing with...
Axa Looking for More European Acquisitions
Nov 12 2003 // French insurer Axa is seeking further acquisitions on the European continent, but according to a statement by CEO Henri de Castries it is not looking to purchase Italy’s Generali, Reuters has reported. “That is...
S&P: European Sector Strong Despite Negative Trends
Nov 10 2003 // Rating outlooks across the European insurance and reinsurance markets remain negative despite positive trends emerging in some sectors, Standard & Poor’s Ratings Services said in a report. “Although...
FERMA Conference Highlights Risk Management Concerns
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
FERMA Conference Highlights Risk Management Concerns
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
Europe’s Banks and Insurers Appeal for Regulatory Harmonization
Oct 29 2003 // The European Financial Services Round Table (EFR), has prepared a report titled “Harmonization of Regulation and Supervision of the European Financial Sector,” calling for increased harmonization on a European...
ACE European Group Announces D&O Management Changes
Oct 21 2003 // ACE European Group has announced some changes to its Directors & Officers management team for the UK and Ireland, effective November 1, 2003. “In order to capitalise on significant growth opportunities in the...
XL Re Appoints Dieter Kohl Sr. VP, European Casualty Manager
Oct 17 2003 // Bermuda’s XL Re Ltd. announced that Mr. Dieter Kohl has been appointed to the new position of Senior Vice President and continental European Casualty Manager. He will be based in London, reporting to David J. Watson,...
EC Drops Probe of Lloyd’s Regulation
Oct 16 2003 // The European Commission, the European Union’s regulatory authority, has dropped an investigation of the British government’s rules concerning the Lloyd’s market. The EC began the probe in response to...
ACE INA UK Eligible to Offer Insurance on E&S Basis for More Than 30 States
Oct 15 2003 // ACE INA UK Limited, a London-based operation of the ACE Group of Companies, is now eligible to offer insurance on an Excess & Surplus lines (E&S) basis in more than 30 U.S. states, including New York and...
FERMA Conference Highlights Risk Management Concerns
Oct 10 2003 // The second bi-annual conference of the Federation of European Risk Management Associations, which wrapped up proceedings on Wednesday in Rome, featured presenters and workshops that highlighted both the similarities and...
AXIS Capital Makes Appointments at AXIS Re Europe
Oct 6 2003 // AXIS Capital Holdings Limited announced the addition of senior underwriting professionals to AXIS Re Europe, its newly formed underwriting branch in Zurich. Stephan Knipper has been appointed executive vice president...
Massive Power Failure Plunges Italy into Darkness
Sep 29 2003 // The entire Italian Peninsula from Venice to Sicily was plunged into darkness early Saturday morning by a massive power failure that knocked out the national electrical grid, stranding travelers, creating chaos in the...
Lloyd’s Deputy Chairman Addresses Changing Risk Environment
Sep 29 2003 // Lloyd’s Deputy Chairman, John Coldman, addressing the Italian Lloyd’s Correspondent’s Association on Friday (before the blackout) in Milan, highlighted the growing opportunities presented by the expansion...
ACE Europe Forms Electronic Disaster Recovery Service with BELFOR
Sep 16 2003 // London-based ACE Europe announced that it has joined forces with international damage management experts BELFOR to offer customers a disaster recovery service, as part of its new electronics insurance product. “The...
Allied World (Europe) Officially Opens London Office
Sep 10 2003 // Allied World Assurance Company (Europe) Ltd. celebrated the opening of its London underwriting branch with a reception at its offices at 22 Billiter Street yesterday. The London facility was recently approved by the...
