Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
AXA Sells $474 Million in Cat Bonds against Europe Storm Damage
Oct 16 2013 // AXA SA said it sold catastrophe bonds designed to protect insurers from payouts on storm damage, in the biggest transaction of the notes in euros. Europe’s second-largest insurer by market value issued €350 million...
Best Report: European Insurers See Improvements; Challenges Remain
Oct 15 2013 // European non-life and life insurers “are benefitting from a more stable economic environment, although they continue to adjust product offerings and adapt reinsurance purchasing in response to the low-yield...
Best Europe Affirms SCOR and Main Subs Ratings; Outlook Stable
Oct 11 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of French reinsurer SCOR SE and its main...
Allied World Europe Appoints Graham VP – Mergers and Acquisitions
Oct 10 2013 // Allied World Assurance Company Holdings, AG has announced that Allied World Europe has appointed Andrew Graham Vice President, Mergers and Acquisitions. He will oversee the strategy, underwriting and marketing of Allied...
Ratings Recap: Sirius, Sunderland Marine, Flagstone Re, Atradius, AmerInst
Oct 9 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Sweden’s Sirius International...
ACE Names Givelet to Lead European Environmental Risk Engineering Group
Oct 7 2013 // ACE Group has appointed Nicolas Givelet as risk engineer in its Continental Europe environmental insurance team. In this newly-created role, Givelet will lead a new environmental risk engineering task force for ACE in the...
EU-U.S. Trade Talks Halted by Shutdown, Complicated by Financial Services Rift
Oct 6 2013 // Even before the cancellation of the latest round of EU-U.S. talks, negotiations to create the world’s largest free-trade deal were getting into difficulty territory. France won a concession to leave European movies...
Allied World Europe Acquires Markel Int’l.’s Aviation Renewal Rights
Oct 3 2013 // Allied World Assurance Company Holdings, AG and Markel International announced that they have entered into an agreement for Allied to acquire the renewal rights to a book of aviation business written by Lloyd’s...
FERMA Forum Opens with Solvency II Analysis from Karel Van Hulle
Sep 30 2013 // The bi-annual Risk Management Forum of the Federation of European Risk Management Associations (FERMA) kicked off with a reception on Sunday night for the 1400 plus delegates at the MECC Conference Center in the Dutch city...
Insurance Law, Regulation – Jim Wrynn’s Experience Covers It All
Sep 29 2013 // James J. Wrynn, Esq. served as New York’s Superintendent of Insurance from 2009 to 2012, when he joined the law firm of Goldberg Segalla LLP, which specializes in insurance law. His knowledge and experience are both...
Industry Pioneer Catlin on Insurance and Environmental Concerns
Sep 27 2013 // Stephen J.O. Catlin has led the company/group that bears his name since 1984. He’s seen it grow into the biggest syndicate at Lloyd’s with gross premiums written of $5.5 billion. He was the first to move the...
EU and Singapore Finalize Details of Far-Reaching Trade Deal
Sep 23 2013 // The European Union and Singapore have finalized the details of one of the world’s most comprehensive free trade agreements, a pact the EU sees as a stepping stone towards a wider deal with booming economies in...
The FSB’s Report Misses The Mark
Sep 23 2013 // In the United States, football season has just arrived. In Europe, football season has been underway since August. While both are a sport and called “football,” they couldn’t be more different. They have...
Swiss Re Opens French Operation for Hull and Cargo Coverage
Sep 20 2013 // Swiss Re Corporate Solutions announced the expansion of its Marine insurance presence in Continental Europe through the formation of a dedicated underwriting team in Paris. The new unit officially started operations in...
EU Ready for Talks with China on Possible Free Trade Pact
Sep 19 2013 // European Union countries will agree next month to talks with China on a pact making it easier to do business, possibly paving the way for a free-trade deal between two of the world’s biggest markets, EU officials...
Ratings Recap: Emirates, BMO Re, United, Oman Insurance, China Taiping (NZ)
Sep 18 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of United Arab Emirates-based Emirates Insurance Company...
Former Zurich Chair Ackermann Quits Siemens, Refutes Influence in CFO Suicide
Sep 12 2013 // Josef Ackermann will step down from Siemens AG’s supervisory board, two weeks after he resigned as chairman of Zurich Insurance Group AG following his naming in the suicide note of finance chief Pierre Wauthier. The...
G20 Vows to Coordinate Financial Services Regulations
Sep 9 2013 // World leaders renewed their determination on Friday to work more closely and regulate across the financial system to avoid conflicting rules that would crimp economic growth. The Group of 20 nations (G20) ended a summit in...
EU Insurers Spent $6.5 Billion on Regulation in 2012: Deloitte Estimate
Sep 5 2013 // Europe’s 40 largest insurers spent as much as €4.9 billion ($6.5 billion) last year complying with new regulations, according to estimates by Deloitte LLP. The cost is equivalent to a one percentage point reduction...
Wal-Mart Says It Could Loan $50M to Bangladesh Factories for Workplace Safety
Aug 30 2013 // Wal-Mart Stores Inc. told investors on Thursday that it could provide up to $50 million in low-interest loans or other types of payments to Bangladesh factory owners for building improvements. The money is part of the more...
