Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU, US Insurers Lost $400 Billion from Continued Low Interest Rates: Swiss Re
Mar 26 2015 // A study, – “Financial repression: The unintended consequences -” released by Swiss Re, notes that “seven years after the financial crisis, central banks are still keeping interest rates at historically...
2014 Insured Cat Losses below Average at $35 Bn: Swiss Re Sigma Report
Mar 25 2015 // Swiss Re has just released its sigma report on catastrophe losses for 2014, which confirms that total global economic losses from natural catastrophes and man-made disasters were around $110 billion, compared to global...
Germanwings Airbus A320 Crashes in France; Survivors Unlikely
Mar 24 2015 // An Airbus A320 crash in southern France may have claimed the lives of all 150 people on board, in what would be the worst air accident on French soil in decades. Germanwings Flight 9525 operated by the low-cost subsidiary...
Arctic Melt Creates Weakest Gulf Stream in 1,000 Years, Weather Shifts Expected
Mar 24 2015 // Gulf Stream water currents in the Atlantic Ocean have slowed to the weakest in as long as 1,000 years, threatening shifts in U.S. and European weather, as well as coastal sea levels including in New York and Boston. The...
Bank of England Says Will Apply New Insurance Regulations ‘Proportionately’
Mar 20 2015 // The Bank of England said on Friday that it would apply new European Union insurance regulations “proportionately,” following industry fears that the central bank might seek to add extra rules for companies...
ACE Launches Mobile App for Europe-Based Business Travel Clients
Mar 18 2015 // ACE Group has launched ACE Travel Smart, a new mobile app, as part of its business travel insurance proposition for Europe-based businesses with international exposures. According to ACE research, 86 percent of European...
Norway’s Storebrand Buys Real Estate, Mortgages to Escape Negative Yields
Mar 17 2015 // Storebrand ASA, Norway’s largest listed insurance company based on assets under management, is buying mortgage bonds and real estate to escape negative rates. “Mortgage and corporate loans, where we are...
U.S. Dominates Climate Change Litigation
Mar 12 2015 // It’s almost counterintuitive if you think about it. There is far more litigation related to climate change in the U.S. compared with Europe, which is usually considered more progressive on the issue. For an example...
SCOR Global P&C Appoints Gavazzi, Rousseau in Treaty Underwriting Area
Mar 12 2015 // SCOR announced it has made two underwriting appointments at its SCOR Global P&C unit. First, it appointed Umberto Gavazzi as chief underwriting officer for the Worldwide Treaty P&C operations of SCOR Global...
EU Submits U.N. Climate Pledge; Urges U.S., China to Follow
Mar 9 2015 // The European Union on Friday submitted its formal promise on how much it will cut greenhouse gas emissions to the United Nations ahead of climate change talks starting in November and called on the United States and China...
ACE Launches PI Insurance Solution for European Technology Firms
Mar 9 2015 // ACE Group announced the launch of ACE Tech Pro, a comprehensive insurance solution for technology companies, as part of its strategy to meet the changing professional liability needs of different industries in Continental...
Wilson Named CEO of Travelers Europe
Mar 6 2015 // The Travelers Companies, Inc. announced that Matthew Wilson has been appointed Chief Executive Officer of Travelers Europe, subject to regulatory approval. He has served as Chief Operating Officer of Travelers Europe since...
ACE Appoints Scott-Young as Claims Director for Continental Europe
Mar 6 2015 // ACE Group has appointed Tim Scott-Young as claims director for its Continental Europe region. Relocating to Paris, Scott-Young will be responsible for delivering effective and customer-focused claims management across...
Russia Will Suffer Ukraine Economic, Political Fallout for Years: Euler Hermes
Mar 6 2015 // Russia will suffer the economic and political fallout of the Ukraine crisis for years to come, according to Euler Hermes Group, the world’s biggest trade credit insurer. Euler Hermes expects Russia’s economy to...
2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter
Feb 26 2015 // Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review. The report says that significant insured losses in 2014 totaled approximately USD33...
Europe’s Insurers to Boost Dividends for Investors Seeking Higher Yields
Feb 25 2015 // Europe’s insurers are preparing to boost dividends to the highest of any industry except utilities, making use of expanding surplus capital to offer investors an alternative to record low interest earnings from...
ACE Launches Luxury Goods Practice for Continental Europe
Feb 19 2015 // ACE Group announced the launch of a new luxury goods practice across Continental Europe. The launch of the practice follows research by ACE where almost six in ten European luxury goods companies taking part reported that...
A.M. Best: European (Re)Insurers Face Pressure Points; Ratings Are Stable
Feb 18 2015 // The recent unveiling by the European Central Bank (ECB) of its large-scale sovereign bond buying program is just one of the pressure points building in Europe that could affect insurers and reinsurers’ balance...
Canada’s Fairfax to Acquire London-Based Brit for $1.88 Billion
Feb 17 2015 // Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit plc for some $1.88 billion to become one of the top five underwriters on the...
ACE Appoints Stankiewicz as Head of Sales & Distribution, Nordics
Feb 17 2015 // ACE Group has appointed Martin Stankiewicz as head of sales and distribution, Nordics, as it continues to strengthen its insurance capabilities and team in the region. Stankiewicz has also joined ACE’s local...
