Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
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...
XL Completes Purchase of Le Mans Re
Sep 5 2003 // Bermuda’s XL Capital Ltd announced that it has completed the purchase, through a subsidiary, of the remaining 33% of Le Mans Ré held by Les Mutuelles du Mans Assurances Group (“MMA”). XL and MMA formed...
Dr. Riccardo Nicolini Appointed Arch Re European Marketing Representative
Sep 5 2003 // Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced the appointment of Dr. Riccardo Nicolini as European Marketing Representative based in Trieste, Italy. His role will be to “develop the...
Report Europe’s Insurers Take Cautious Line on Blackout Claims
Aug 18 2003 // European Insurers are reportedly adopting a “wait and see” attitude concerning potential claims from the blackout that hit the Northeastern U.S. and parts of Canada last week. Both Reuters and Dow Jones...
Allianz Posts Strong 1st Half Results, $115 Million Profit
Aug 14 2003 // Germany’s Allianz confounded many analysts’ forecasts by reporting strong gains in most of its operations, posting a net profit of 102 million euros ($115.26 million) for the first half of 2003. The...
Allianz Flood Claims Top $900 Million; Will Reduce BMW Stake
Aug 11 2003 // Germany’s Allianz announced that it has now processed nearly all of the claims from last summer’s floods in Germany and Eastern Europe, and has paid more than 805 million euros ($909.65). It also revealed plans...
