Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Fosun Investment Head to Manage Europe Insurer Investments
Oct 9 2014 // Fosun Group, China’s biggest closely- held conglomerate, hired Hong Kong’s best-performing bond fund manager from Bocom International Holdings Co. to manage investments for its European insurers. Tongli Han,...
Scientists Calculate Risk of Ebola Spreading to France, Britain
Oct 7 2014 // Scientists have used Ebola disease spread patterns and airline traffic data to predict a 75 percent chance the virus could be imported to France by October 24, and a 50 percent chance it could hit Britain by that...
Aon Benfield’s Impact Forecasting Head Explains the Latest in Models
Oct 6 2014 // Adam Podlaha, the head of Aon Benfield’s Impact Forecasting division, is responsible for overseeing the collection of the data and its implementation in creating the latest catastrophe and other models. He explained...
Allianz Names Baete CEO to Succeed Diekmann amid Upheaval at Pimco
Oct 2 2014 // Allianz SE named board member Oliver Baete to succeed Michael Diekmann as chief executive officer as Europe’s biggest insurer grapples with upheaval at Pacific Investment Management Co. (Pimco) Diekmann, 59, will...
Europol: Data Law Changes Needed to Fight Cybercrime
Oct 2 2014 // Law enforcers in Europe need greater powers to retain data for longer in order to catch cybercriminals selling discrete services that police cannot trace under existing regulations, according to a Europol...
Danish FSA Warns Insurers, Banks About Risky Bond Sales
Oct 1 2014 // Denmark’s financial watchdog warned lenders and insurers against selling their riskiest bonds to their own retail clients amid signs Scandinavian issuers are lining up to tap the market for contingent...
ACE Expands Europe Surety Team With Villette Appointment
Sep 30 2014 // ACE Group has announced the appointment of Charles Villette as surety underwriting manager in Germany, as it further expands its surety capabilities in Europe’s biggest economy. Charles Villette will be responsible...
China’s Fosun to Invest in European, Japanese Insurers
Sep 30 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is considering making more bets on insurers outside its home country, Chief Executive Officer Liang Xinjun said. “We...
Swiss Re’s Property and Specialty Head on New and Diverse Risks
Sep 26 2014 // Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot of ground. He explained how much, and what some of the difficulties he encounters are...
Cell Phone Use Deemed Safe on Europe Airlines
Sep 26 2014 // European airlines received permission from regulators to have passengers use personal electronic devices including mobile phones during flight, removing one of the last remaining bastions of talk-free zones. The European...
Swiss Re’s Chief Economist Analyzes a Difficult Reinsurance Market
Sep 22 2014 // Over the past 13 years Swiss Re’s Chief Economist, Kurt Karl has been through a succession of reinsurance market ups and downs, but the current situation is somewhat new, and, as he told the IJ at the Reinsurance...
Catlin’s COO Explains Group’s Focus on Relevance with Clients to Drive Growth
Sep 17 2014 // The Catlin Group’s roots go deep into the Lloyd’s market where it was formed 30 years ago. But Catlin has since become one of the most innovative companies in the global insurance hierarchy with offices in more...
Aon Benfield’s Impact Forecasting Adds PERILS’ Exposure Data to Europe Model
Sep 11 2014 // The PERILS Windstorm Exposure data for Europe is now available in the Impact Forecasting ELEMENTS format. In a telephone interview Adam Podlaha, head of Aon Benfield lmpact Forecasting, said that Aon Benfield has licensed...
Baloise Shopping for Insurers at Home and Abroad in Europe
Sep 11 2014 // Martin Strobel, CEO of Baloise Holding AG, said the insurance company may consider buying firms in Switzerland, Germany, Belgium and Luxembourg. “If more opportunities arise in our core markets we will examine...
Chubb Insurance Appoints Rehman CEO of Chubb Europe
Sep 9 2014 // The Chubb Group of Insurance Companies announced the appointment of Jalil Rehman as Chief Executive Officer of Chubb Insurance Company of Europe. He has been with Chubb for 24 years and has served in various leadership...
Guy Carpenter Launches Probabilistic European Hail Model
Sep 5 2014 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies, announced the launch of its new probabilistic hail model for Europe. The bulletin...
Edinburgh Defying Finance Doomsayers over Scottish Independence
Sep 5 2014 // For the banks, insurers and fund managers that thrived and survived in Edinburgh through war and recession for two centuries, a whole new challenge is looming. Royal Bank of Scotland Group Plc and Standard Life Plc might...
ING Gains on Plan to Cut Voya Stake with $1.2 Billion Share Sale
Sep 3 2014 // ING Groep NV, the biggest Dutch bank, gained in Amsterdam trading after it said it will reduce its stake in a former U.S. insurance unit, Voya Financial Inc., to about 32 percent by selling about $1.2 billion of...
EU Insurers Say New Rules Hurt $11.2 Trillion Investment Role
Sep 2 2014 // Insurers in Europe, which manage about €8.5 trillion ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-based rules for insurers in the European Union,...
Iceland Puts Airlines on High Alert after Volcanic Eruption
Aug 29 2014 // Iceland put airlines on the highest level of alert after authorities detected an eruption north of the Bardarbunga volcano. The Icelandic Met Office raised the alert over the site to red and flights have been banned below...
