Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Eureko Directors Ousted from PZU Board
Jan 11 2001 // On Tuesday, Polish Treasury Officials, who control 56 percent of the shares in Poland’s largest insurer, Powszechny Zaklad Ubezpieczen, ousted directors from Eureko, the European consortium of insurance companies,...
Welcome to our First Ever
Jan 8 2001 // The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms...
Allianz May Acquire Stake in Czech Insurer
Dec 21 2000 // Germany’s Allianz is in talks with the Czech government concerning the acquisition of its 30 percent holding in the country’s biggest insurance group, Ceska Pojistovna. The move would further strengthen...
Allianz To Strengthen European Fund Management Business
Dec 4 2000 // A report in London’s Financial Times highlights the plans of Germany’s Allianz to increase its fund management business in Europe, as a “third pillar” to go with its life and general insurance...
ING : Profits Up – Barings Out
Nov 20 2000 // At the same time that Dutch financial services giant ING announced increased profits for the first 9 months of the year, it also confirmed widespread rumors that it was “reviewing the future positioning of its...
U.S. TOBACCO FIRMS SUED BY EU
Nov 20 2000 // Philip Morris and R.J. Reynolds were named in a complaint by the European Union’s governing commission for complicity in the smuggling of thousands of container loads of cigarettes without paying the applicable...
RMS Launches New Data Tool For European Cat Risks
Nov 7 2000 // Risk Management Solutions (RMS) of Menlo Park announced the creation of “Exposure Plus(TM),” which it describes as, “a tool for the creation of property exposure data for catastrophe risk analysis of...
U.S. Tobacco Firms Sued by EU – Accused of Smuggling Cigarettes
Nov 7 2000 // Philip Morris and R.J. Reynolds were named in a complaint by the European Union’s governing commission for complicity in the smuggling of thousands of container loads of cigarettes without paying the applicable...
Swiss Re Study: Outlook Promising for U.S. Credit Insurers
Oct 31 2000 // So found a recent Swiss Re sigma study “Trade Credit Insurance.” The study also found the products that will likely boost revenue include: credit lines for commercial internet purchases, information services...
EU-China Resolve Insurance Impasse
Oct 30 2000 // Chinese and EU negotiators have apparently reached agreement on granting an additional 7 licenses to European insurers, as agreed in principle last May when the bilateral accords were reached between the two as part of the...
European Online Brokers InsuranceCity, InsuranceWide Show the Way
Oct 30 2000 // “Right now we think we’re ahead of the States in [online] personal lines,” said James Harrison, Chief Operating Officer of the U.K.’s InsuranceWide (IW) www.insurancewide.com. He might be...
EU Demands Italy Lift Auto Rate Freeze
Oct 27 2000 // The European Commission, the European Union’s administrative arm, has given the Italian government three weeks in which to end its price freeze on automobile insurance premiums, in effect since the beginning of the...
China-EU Summit Opens
Oct 23 2000 // The annual summit meeting between the Chinese Government and the high level members of the European Union currently taking place in Beijing has so far failed to produce any new breakthrough which would assure China’s...
Border Crossing
Oct 23 2000 // NAFTA Still Hobbled By Stafety Concenrns, Cross-Border Insurance Isues The provisions of the North American Free Trade Agreement have been in place for several years, but Mexico and the United States have yet to simplify...
Prudential Launches Strategist – Investment Vehicle for Europe
Oct 6 2000 // America’s Prudential announced that it would begin selling “Strategist” its new investment vehicle aimed at middle income investors in Europe. The move is seen as an effort by the U.S. largest life...
S&P Revises Outlook on Reliance (Europe) to Negative
Sep 22 2000 // Following yesterday’s announcement that Candover Investment Plc was pulling out of talks to acquire Reliance National Insurance Co. (Europe) Ltd., a subsidiary of U.S. insurer Reliance Group, Standard &...
Scottish Life Turns Down GE Bid
Sep 18 2000 // In a surprise move Friday, Scottish Life and GE Capital broke off their acquisition discussions apparently in disagreement over the price GE was offering to acquire one of Scotland’s last independent mutual life and...
Candover Considers Acquiring Reliance’s European Arm
Sep 8 2000 // Candover Investments P.L.C., a buyout specialist, has entered into exclusive negotiations to acquire Reliance National Insurance Co. (Europe) Ltd. Last year, Reliance National (Europe) generated $255.2 million in gross...
E-SIGNATURES IN THE EU
Sep 4 2000 // The German cabinet unveiled a draft bill last month to develop a standard for electronic signatures in Internet commerce. The move is in step with a European Union initiative and follows the EU’s approval of a...
ECB Rate Rise Fails To Lift Euro
Sep 1 2000 // In a widely anticipated move the European Central Bank (ECB) raised its basic interest rate a quarter point from 4.25 percent to 4.5 percent. The ECB indicated that fears of inflation, which has been running around 2.4...
