Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
A.M. Best: Eurozone Insurers Remain Robust Despite Instability in Greece
Jul 10 2015 // The impact of Greece exiting the eurozone is likely to hit market confidence in the region, although (re)insurers operating in the economic bloc are well positioned to withstand a continued period of volatility, according...
Bermuda Adopts Solvency II ‘Equivalency’ Measures for ‘Open Insurance Markets’
Jul 10 2015 // A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as...
Technology, Supply Chain & Regulation Top ACE Europe’s List of EMEA Risks
Jul 7 2015 // A list, compiled by the ACE European Group, sets out the “new wave of interrelated, fast-changing risks, reflecting rapid changes in the global economic landscape and the increasing role of technology and...
Swiss Re Corporate Solutions Opens Madrid Office
Jul 7 2015 // Swiss Re Corporate Solutions announced that it has opened an office in Madrid, Spain, to reinforce its presence in the Iberian Peninsula. It will offer the company’s range of products and customized services via a...
Reinsurance Industry Faces Uncertain Future as Time Moves On
Jul 2 2015 // It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until...
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...
