Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Milliman Report on Europe, Japan, Asia Insurers Sees Increased Embedded Value
Dec 21 2015 // Global consulting and actuarial firm Milliman, Inc. has announced the availability of two new reports detailing embedded value (EV) results for 32 major insurance companies in Europe and Japan and 14 major insurance...
EU Adopts New, Tougher Rules for Tracking Jetliners
Dec 16 2015 // The European Union on Wednesday adopted new rules to make it easier to track jetliners, stepping up international efforts to prevent a repeat of the disappearance of a Malaysia Airlines jet with 239 people on board. The...
Survey Concludes Europe’s Regulators ‘Gold-Plating’ New Insurer Capital Rules
Dec 15 2015 // Domestic regulators are increasingly “gold-plating” new European insurance capital rules by adding their own more stringent requirements, according to a survey of insurance trade associations. Two-thirds of...
Auto Insurance? Pensions Online? EU Wants Cross-Border Financial Market
Dec 10 2015 // Creating a pan-European retail market in car insurance and pensions largely hinges on whether 500 million consumers will go online to widen their choice of products, the EU’s executive body said on Thursday. The...
India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap
Dec 8 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred...
Cyber Insurance Underwriting Moves from ‘Toddler’ to ‘Teen’ As Insurers Learn from Claims
Dec 8 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Ironshore International Announces Continental Europe Markets Expansion Strategy
Dec 7 2015 // Bermuda-based Ironshore International has announced an expansion strategy to establish a locally-driven presence in selected Continental European markets. As part of the initiative, “Ironshore Agency Limited is...
Group of UK Insurers Win BOE Approval for Solvency II Capital Requirements
Dec 7 2015 // Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England approval of the models they use to calculate capital requirements under the European Union law known as...
Growth in Cyber Insurance Sustainable if Underwriting, Pricing Are Right
Dec 7 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
ECB Decision to Extend Quantitative Easing Hits European Insurers’ Shares
Dec 4 2015 // Shares of European insurers fell after the European Central Bank decided to extend its quantitative easing program until at least March 2017 and broaden the range of assets purchased. The decision is...
ACE Appoints Leadership Team for Chubb Group’s European Division
Nov 24 2015 // ACE Ltd. announced members of the leadership team it intends to appoint for the European Group of the new Chubb Group’s Overseas General Insurance division, which includes Austria, Belgium, Czech Republic, Denmark,...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
U.S. to Pursue Covered Agreement with EU for Re/Insurers
Nov 22 2015 // The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based...
Large British Insurers Get Major Exemption from Proposed EU Audit Rules
Nov 20 2015 // Britain’s biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union rules will...
Buffett’s Favored Banker, Trott, Plans European Expansion with London Office
Nov 19 2015 // Warren Buffett’s favored banker, Byron Trott, is planning to expand his investment and financial advisory firm BDT Capital Partners in Europe with a London office to attract billionaire clients, sources familiar with...
Global Acts of Terrorism Cost $52.9 Billion in 2014 – Highest Price Since 9/11
Nov 17 2015 // In the wake of Friday’s massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York’s Twin Towers. In 2014, acts of terror cost the world $52.9...
It’s 2026, There’s a Food Security Crisis- How Does World Respond?
Nov 12 2015 // The year is 2026. Flooding, worsened by climate change, has devastated Bangladesh and driven millions of hungry refugees to its border with India. Worried about unrest and disease, India asks other nations for help. The...
German Advisers Warn Europe’s Low Interest Rate Policies Risk Financial Stability
Nov 12 2015 // The German government’s panel of economic advisers said on Wednesday the European Central Bank’s low interest rates were creating substantial risks, and Finance Minister Wolfgang Schaeuble warned of a...
Insurance and Safety Issues Delay Iran’s Entry into Global Oil Tanker Market
Nov 12 2015 // Even after Western sanctions are lifted, Iran’s oil tanker fleet is expected to face more hurdles before many of the vessels can start trading again due to insurance hiccups and tougher requirements over sea...
The Perilous North Atlantic – Europe’s War Time American Lifeline
Nov 10 2015 // Crossing the North Atlantic on a modern ocean liner is a pleasant and mostly uneventful experience these days. But gazing into the depths of the presently rather stormy ocean evokes the past, and the deadly conflicts,...
