Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
DUAL Enters Central, East European Market with Launch of DUAL Polska
Jul 1 2015 // DUAL Group, the underwriting arm of Hyperion Insurance Group, announced its launch into Central and Eastern Europe (CEE), following the acquisition of the majority stake of Toruń, Poland-headquartered insurance...
China Seeking “Win-Win” Climate Plan; Poised for Pledge
Jun 29 2015 // China is seeking a fair, global system to tackle climate change and is about to make a joint announcement on the environment, Chinese Premier Li Keqiang said before a summit in Brussels with top European Union officials on...
EU Capital Markets Plan Must Improve Investor Protections: UK Regulator
Jun 26 2015 // The European Union’s plan for a unified capital market needs more work to protect investors from losses if it is to provide the economic boost policymakers’ are hoping for, a top British regulator said on...
Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re
Jun 24 2015 // The global insurance industry gained momentum in 2014, with total direct premiums increasing by 3.7 percent to $4.778 trillion after having stagnated the previous year, according to Swiss Re’s latest...
Low Interest Rates Challenge European Insurers: A.M. Best Report
Jun 23 2015 // The low interest rate environment represents a significant challenge for insurers, according to a report published by A.M. Best. “European insurers are struggling to generate investment income as the majority of...
Cat Modeling in a New, More Open Phase: Aon Benfield/Impact Forecasting
Jun 23 2015 // Over 30 years ago, Karen Clark produced the first catastrophe model – for hurricanes. Since then the use of these valuable tools has changed the face of the re/insurance industry. They are indispensable for the...
CNA Hardy Appoints Clements as Distribution Director, Europe
Jun 22 2015 // CNA Hardy has appointed Andy Clements as distribution director, Europe. He will report to Elliot Miller, head of UK regions and Luc Malâtre, VP field operations. Clements will be responsible for building effective and...
QBE Europe to Grow Middle East Casualty Business; Parfitt Appointed
Jun 19 2015 // QBE European Operations has announced plans to grow its casualty business in the MENA region. Laetitia Parfitt joined the team in Dubai this week as senior casualty underwriter. Parfitt will be responsible for developing...
A.M. Best: European Insurers Tap Capital Markets Ahead of Solvency II
Jun 16 2015 // Low interest rates together with highly liquid and stable financial markets have prompted European insurers to tap the capital markets in their efforts to lower the cost of capital and optimize levels of risk-adjusted...
Many UK Businesses Do Not Take Risk Culture Seriously: QBE Europe Survey
Jun 15 2015 // The vast majority of UK businesses (70 percent) are failing to address the importance of embedding a positive risk culture*, according to survey conducted by UK business insurance specialist QBE European Operations, which...
Reyes, Angehrn in New Posts on Zurich’s Group Executive Committee
Jun 11 2015 // The Zurich Insurance Group announced that Cecilia Reyes, currently Chief Investment Officer and Regional Chairman of Asia Pacific, will become Chief Risk Officer, effective July 1, 2015, succeeding Axel P. Lehmann. Urban...
Allianz to Shrink German Branch Network; Hit by Low Interest Rates
Jun 10 2015 // Allianz SE, Europe’s biggest insurer, said it will shrink its administrative branch network in Germany as low interest rates and regulatory demands hurt industry profitability. About 360 jobs, or about 1 percent of...
HSBC to Cut Up to 50,000 Jobs; Targets Growth of Asia Insurance Business
Jun 9 2015 // HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. Chief Executive...
Twelve Capital Hires 3 Insurance Specialists for London Office
Jun 5 2015 // Twelve Capital, an independent investment manager specializing in insurance-related investments, with offices in Zurich and London, announced that Marcus Rivaldi, William Hardcastle and Ulrich Beck have joined the...
‘Brexit’ a Major Political Risk for UK Insurers: ABI Chief Exec
Jun 3 2015 // The risk of a British exit [‘Brexit’] from the European Union is causing major political uncertainty for the insurance industry, the chief executive of the Association of British Insurers (ABI) said on...
RSA Appoints Gray as Marine Sales & Broker Manager, London Market, Europe
Jun 3 2015 // RSA, one of the largest UK marine insurers, has appointed Calvin Gray to the newly created role of marine sales and broker manager, London market and Europe. Reporting to Richard Turner, marine director, Gray will be...
Chubb Europe Renews Concours d’Elégance at Salon Privé Sponsorship
May 29 2015 // Salon Privé and Chubb Insurance Company of Europe SE announced that they have renewed their sponsorship agreement for the esteemed automotive event’s Concours and Tour d’Elégance. Chubb said the...
Factbox: Lloyd’s Chief, Other Leaders Offer Views on Britain’s EU Referendum
May 29 2015 // Prime Minister David Cameron has pledged to renegotiate Britain’s ties with Europe and then give voters a referendum on European Union membership by the end of 2017. Following are the views of business...
European Central Bank Warns of Risks to Insurers of Low Interest Rates
May 29 2015 // The European Central Bank said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the euro zone’s...
Some European Insurers, Pension Funds Build Loan Books to Rival Banks
May 27 2015 // Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel...
