Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Qatar Insurance Co. Posts 28% Q1 GWP Growth to $527 Million
Apr 22 2015 // The Qatar Insurance Company (QIC) posted strong growth in the first quarter of 2014 with gross written premiums rising 28 percent to $527 million, comparted to $412 million in Q1 2013. Net income for the period, however,...
Insurers with $6 Trillion Mull Mortgage Loans, Private Equity: Goldman Sachs
Apr 22 2015 // Global insurers who oversee more than $6 trillion in assets plan to invest capital in commercial mortgage loans and private equity this year to generate higher returns, a Goldman Sachs Asset Management survey...
EU Mounts Fresh Bid to End U.S. Reinsurance Collateral Rule
Apr 21 2015 // The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies. EU states agreed on Tuesday to give the...
Hundreds Drown off Libya; EU Leaders Forced to Reconsider Migrant Crisis
Apr 20 2015 // As many as 700 migrants were feared dead on Sunday after their boat capsized in the Mediterranean, raising pressure on Europe to face down anti-immigrant bias and find money for support as turmoil in Libya and the Middle...
Aspen Insurance, Starr Companies to Form Joint Europe Property Venture
Apr 17 2015 // Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, and Starr Companies announced that they have “signed a memorandum of understanding under which both parties will enter into a...
Allied World Appoints Evans Non-Executive Chairman of Lloyd’s Managing Agency
Apr 15 2015 // Allied World Assurance Company Holdings, AG announced that Jonathan Evans will join the board of directors and become the Non-Executive Chairman of Allied World Managing Agency Limited, its Lloyd’s managing agency,...
Former S&P Europe Insurance Head Clemens Joins Litmus Analysis
Apr 13 2015 // Litmus Analysis announced that Karin Clemens, the former head of S&P’s European insurance rating practice, is joining Litmus. She “will bring even further experience in ratings to the Litmus team, working...
RMS Releases Updated Europe Windstorm, North Atlantic Hurricane Models
Apr 10 2015 // RMS, the Newark, Calif.-based catastrophe risk management firm, has released updated RMS Europe windstorm models and North Atlantic hurricane models. The 15.0 RMS Europe Windstorm Models’ hazard and vulnerability...
A.M. Best: Insurers Must Consider Risks of U.K. Exit From European Union
Apr 8 2015 // Insurers based in the United Kingdom underwriting a material amount of European business should be monitoring the potential consequences of the United Kingdom exiting or renegotiating its position within the European Union...
Solvency II Staggers Towards Finish Line: a Retrospective Analysis
Apr 7 2015 // It’s been a long process, but, according to Paul Fisher, deputy head of the Bank of England’s Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, the introduction of the...
QBE European Operations Names Menear as Director of Underwriting Operations
Apr 6 2015 // London-based QBE European Operations, which is part of QBE Insurance Group, has appointed Nick Menear as director of underwriting operations, effective April 1. In this new role, Menear is responsible for fostering...
A.M. Best: European Reinsurers Report Strong Results, Growth Limited
Apr 6 2015 // Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting results due to the absence of sizable natural catastrophes and ongoing reserve...
German Aviation Authority Didn’t Know Crash Pilot’s Medical History
Apr 6 2015 // The German aviation authority did not know about co-pilot Andreas Lubitz’s medical background prior to the Germanwings crash that killed 150 people, it told Reuters on Sunday, raising more questions over medical...
AXA: Tighter Capital Rules on Too-Big-to-Fail Insurers May Threaten Recovery
Apr 6 2015 // AXA SA, France’s biggest insurer, said plans to impose tighter capital rules on too-big-to-fail insurers will pose a new hurdle to European growth and do little to bolster financial stability. Insurance companies...
Generali Strengthens International Management Team in Asia, LatAm, Europe
Apr 2 2015 // Generali has strengthened its international management team with two new managers joining the group to lead Asia and the Americas and a new appointment in Europe, effective April 1. Jack Howell is the new Asia regional...
Extra-Tropical Cyclones Niklas and Mike Strike No. Europe: AIR Worldwide
Apr 1 2015 // AIR Worldwide reports that extra-tropical cyclone Niklas, currently battering northern Europe with gale-force winds, “is reportedly one of the worst storms to affect Germany in recent years. High winds and heavy...
ACE Creates International Excess Unit in Asia Pacific; Appoints Sexton
Mar 31 2015 // ACE Group has created a new business unit – ACE International Excess (AIE)– to provide commercial property insurance on an excess basis for large companies in the Asia Pacific region. The new business unit will be...
Yemen Conflict Adds to Worries for Ships Dodging Pirates, Terror
Mar 30 2015 // When it comes to world trade, a 17-day shortcut trumps terror, piracy and now bombs. That’s the time a supertanker saves by using the Bab el-Mandeb waterway that skirts Yemen at the southern tip of the Arabian...
Earth’s Surface Rising in North America, Europe: After-Effect of Ice Age
Mar 27 2015 // In the U.S., this past year has had more than enough reminders of how weather can affect our lives. California is heading into its fourth year of drought because it didn’t get enough snow. Boston is just emerging...
Yemen Conflict Could Disrupt Major Oil Shipping Route; Insurers Pull Back
Mar 27 2015 // Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United...
