Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Solvency II Will Increase Reinsurance Buying Demand: Fitch
Jun 6 2016 // Solvency II will increase insurers’ demand for reinsurance products as they seek to strengthen their capital positions via risk transfer, according to a report published by Fitch Ratings. Reinsurance can help reduce...
Future of London Market Threatened by ‘Brexit’, Warn Market Leaders
Jun 3 2016 // Brexit poses a grave threat to London’s insurance jobs and businesses, according to the International Underwriting Association of London (IUA), Lloyds, and Richard Brindle, group chief executive officer of...
EU Members Should Run Stress Tests for Banks’ Cyber Risks: EU Banking Chief
Jun 1 2016 // Domestic authorities in European Union member states should stress-test their financial institutions for cyber risks, a top EU supervisor said, saying banks might be required to hold extra capital as a buffer against what...
EU Guidelines Seek to Limit Crackdown on Uber, Airbnb
Jun 1 2016 // European Union governments should not ban services like home-rental site Airbnb or ride-hailing app Uber except as a last resort, the EU says in new guidelines, seeking to rein in a crackdown on the “sharing...
U.S.-EU Continue Talks on Insurance Regulation Covered Agreement
May 31 2016 // Trade representatives for the United States and the European Union, who met May 24 and 25 to negotiate a bilateral covered agreement on regulations for insurers and reinsurers, on Friday issued a joint statement indicating...
Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments
May 24 2016 // Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of...
Chubb Focuses on Continental European SMEs with ‘Easy Solutions’ Proposition
May 24 2016 // Chubb has launched Chubb Easy Solutions, its proposition for brokers and their small and medium sized clients in Europe. Backed up by a dedicated underwriting team, Chubb Easy Solutions provides cover through a simplified...
Britain Would Face Trade Barriers if It Votes for Brexit: EU Financial Services Head
May 24 2016 // Britain would face trade barriers if it left the European Union and its single market, the EU’s financial services commissioner Jonathan Hill said on Monday. Hill, a Briton appointed to the European Commission by UK...
Arch Insurance Europe Names Shulman as President & CEO
May 20 2016 // Arch Insurance Europe announced that Matthew Shulman will be appointed president and chief executive officer, effective July 1, 2016. Shulman joined Arch Insurance U.S. in 2009 and currently serves as executive vice...
China’s Fosun Aims to Lead in Insurance, Tourism, Healthcare; Plans to Cut Debt
May 18 2016 // Fosun Group, China’s largest private conglomerate, is aiming to become a world leader in insurance, tourism and healthcare but also has a “clear plan” to reduce its debts, chairman and co-founder Guo...
Run-off Specialist Compre Completes Restructuring to Reduce Cost Base
May 16 2016 // Compre, the London-based independent insurance and reinsurance legacy specialist, announced the completion of a group-wide restructure, designed to reduce its cost base in preparation for further acquisitions. The run-off...
Global, Diversified Multiline Insurers Best Placed to Withstand Challenges: S&P
May 13 2016 // Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings. Geographic and...
Report Says Climate Change Could Make Some Wines Less Tasty
May 12 2016 // When you go to one of those giant annual insurance conferences ever wonder how much wine – in terms of gallons, number of glasses, bottles, dollar value – is consumed at all the evening mixers and up-scale soirees over...
Generali Profit Drops 14% to $672M on Lower Income from Life Business
May 12 2016 // Assicurazioni Generali SpA, Italy’s biggest insurer, said first-quarter profit fell 14 percent on lower income from its life insurance business and after record capital gains from last year weren’t repeated....
Aspen Insurance Names Nazir as Head of International Cyber Risk, Lang as U/W
May 10 2016 // Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has appointed Raheila Nazir as head of International Cyber Risk. Joining Aspen in the summer, Nazir has more than 16 years’ experience as an...
Fosun to Focus Investments in Emerging Markets, Backing Off from U.S., Europe
May 6 2016 // Guo Guangchang, the Chinese billionaire and self-styled disciple of Warren Buffett, is looking to invest in emerging markets for the first time as his conglomerate backs off from its buying spree in developed...
Gallagher’s Artex Acquires Quest Holdings (Gibraltar), Expanding Europe Foothold
May 5 2016 // Bermuda-based Artex Risk Solutions* announced that it has acquired Quest Holdings (Gibraltar) Ltd., the largest insurance manager in Gibraltar. Founded in 2004, Quest specializes in providing services to insurance...
London Company Market Concerned About Loss of Single Passport if UK Exits EU
May 5 2016 // Membership of the European Union provides insurers with substantial benefits and London Market companies would be significantly damaged if they were lost, according to the International Underwriting Association...
Everest Re Appoints Knipper to Head Its Continental Europe Operations
May 3 2016 // Bermuda-based Everest Re Group Ltd. announced that Stephan Knipper joins the company as managing director Continental Europe (subject to regulatory approval), based in Zurich. Knipper joins Everest with more than 25 years...
S&P Expects UK to Vote to Stay in EU by Small Majority; Warns About Brexit
May 2 2016 // Ratings agency Standard & Poor’s said on Friday it expected Britons to vote to remain in the European Union by a small majority in a June 23 referendum, but that the risk of leaving was a negative for the...
