Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
WTO Meeting Concludes with Agreement to Launch New Trade Round
Nov 15 2001 // The World Trade Organization’s plenary session in Doha concluded in the wee hours of Wednesday morning with a breakthrough agreement by all 142 member countries to initiate a new round of trade negotiations early...
HOLOCAUST LAW QUESTIONED
Oct 29 2001 // A California law enacted in 1999 requiring that insurance companies turn over information related to European insurance policies or face loss of their licenses has been ruled an unconstitutional violation of due process,...
Holocaust Reporting Law Ruled Unconstitutional
Oct 12 2001 // A California law requiring that insurance companies turn over information related to European insurance policies or face loss of their licenses has been ruled an unconstitutional violation of due process, according to the...
China To License Nine European Insurers
Sep 27 2001 // Chinese insurance regulators have notified nine European insurers that they may submit documents preliminary to receiving licenses to begin or expand operations in the country. The action comes following China’s...
Zurich Sells Scudder Financial Unit to
Sep 25 2001 // The Anglo-Swiss group Zurich Financial Services (ZFS) and Germany’s Deutsche Bank (DB) announced agreement on a number of cooperation initiatives and the sale of business assets, most notably the transfer of fund...
Trade Center Attack, Acquisitions, Economy to Test AIG
Sep 24 2001 // The events of Sept. 11 shook the foundations of the entire American financial community, and American International Group was no exception. Ironically, AIG had already had a very busy month. In Korea, it looked set to...
‘Money Laundering’ Through Insurers on the Increase
Sep 24 2001 // The conversion of illegal funds into legitimate accounts and investments, commonly known as “money laundering,” is a growth business. According to the International MonetaryFund, money laundering could account...
U.S.- EU To Help Airlines Cover War, Terrorist Risks
Sep 24 2001 // The governments of the U.S., the U.K. and the European Union rode to the rescue of the airline industry over the weekend when they announced separate decisions to help carriers cope with increases in premiums covering war...
China WTO Admission Approved After Diplomatic Compromise
Sep 17 2001 // Weary negotiators in Geneva finally put their signatures on a Treaty of more than 1000 pages setting forth the terms and conditions for China’s admission to the World Trade Organization after 15 years. The agreement...
AIG Issues Preliminary Estimate of Losses Resulting from Terrorist Attacks By Charles E. Boyle Sep
Sep 17 2001 // By Charles E. Boyle The events of Sept. 11 shook the foundations of the American financial community, and industry giant American International Group is one of many shaken by the tragedies. AIG has issued a preliminary...
China Expected to Honor Insurance Commitments for WTO Entry
Sep 17 2001 // As far as the United States is concerned, any final agreement to admit China into the World Trade Organization depends on whether the country honors its bilateral market access commitments on insurance. According to...
Insurance Stocks Pummeled in International Trade, NYSE Will Not Resume Trade Wednesday September 11
Sep 11 2001 // The New York Stock Exchange indicated that it would not resume trade on Wednesday. Reuters reported that U.S. stock markets had been shut down in the wake of terrorist attacks on New York’s World Trade Center and the...
WTO Sets China Entry Date Without Resolving AIG/EU Dispute
Sep 7 2001 // If all goes according to plan in Geneva China’s bid to join the World Trade Organization will be officially accepted next Thursday, September 13th, after 14 years of negotiations. Taiwan is scheduled for admission...
Eagle International Schedules Claims Handling Conferences in London, Paris
Aug 9 2001 // Eagle International Associates, an international network of insurance defense attorneys and claims adjusters throughout North America and Europe, has announced that it will be offering two unique conferences on the subject...
S&P Reports Russia Ready for Insurance
Jul 23 2001 // The Russian insurance market appears ready for steady growth in the next five to 10 years according to a report by Standard & Poor’s. The announcement comes after last month’s upgrade of S&P’s...
Rift Between EU US Over AIG Stalls China/WTO Pact
Jul 5 2001 // Negotiators in Geneva had hoped to announce that they had reached an accord on all issues, clearing the way for China to join the World Trade Organization, but they’ll have to wait a bit longer, as a dispute over...
China/EU See Progress on WTO Admission
Jun 25 2001 // Chinese and European Union negotiators both expressed optimism that talks, scheduled for the end of the week in Geneva, would finally see a breakthrough in China’s application to join the World Trade...
RMS Releases New European Windstorm Models
Jun 22 2001 // Newark, California-based Risk Management Solutions has released “two comprehensive data products designed to quantify the risks associated with European windstorms.” The heavy losses, $14.4 billion ($7.8...
European Insurer Hit with Lawsuit Regarding Holocaust Claims
May 22 2001 // A lawsuit filed last week in Los Angeles Superior Court on behalf of an 89-year-old Holocaust-era survivor, Felicia Spirer Haberfeld of Los Angeles, alleges that the European insurer Assicurazioni Generali is sending...
ST. PAUL JOINS PLATFORM
May 21 2001 // The St. Paul Companies’ reinsurance unit, St. Paul Re, joined the inreon platform, launched last December by Munich Re and Swiss Re, to offer reinsurance products online. Initially, St. Paul Re will provide capacity...
