Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Joint Bonds Needed to Save the Euro Says George Soros
Apr 11 2013 // All euro zone governments need to issue bonds jointly to ensure that the common currency survives the sovereign debt crisis, investor George Soros said on Tuesday. Soros, a liberal philanthropist who rose to fame as an...
U.S. Aims to Reshape World Trade Rules with Regional Pacts Says VP Biden
Apr 10 2013 // The United States hopes to use a proposed regional free trade agreement in the Asia-Pacific and another with the European Union to reshape global rules for trade, Vice President Joe Biden said on Friday. “Our goal is...
ABI Warns Travel Sickness Could Cost Uninsured Brits over $1,300
Apr 9 2013 // Uninsured British travelers who fall ill on their holiday this summer could face an average extra £900 [$1,376] holiday bill according to the Association of British Insurers. The ABI’s bulletin noted that...
German Minister Says Tax Haven Report Will ‘Increase Pressure’
Apr 5 2013 // German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus...
Aon Benfield Cat Report: Severe Winter Causes $1.8bn Econ. Loss in Europe
Apr 5 2013 // The latest catastrophe report for the month of March from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, highlights the sub-freezing temperatures across Europe, which have...
India Plans Reinsurance Pool to Cover Refiners Handling Iran Oil
Apr 3 2013 // India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global...
PERILS Updates European Cat Exposure Database for 2013; 1.9% Rise in Values
Apr 2 2013 // PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has released an update for 2013 of its European Industry Exposure Database, which contains updated market-wide...
Investors Wary of ‘Slow Panic’ on Growth after Cyprus Rescue
Apr 1 2013 // World markets have reacted calmly to the twists and turns of Cyprus’s financial rescue in the last fortnight but many investors fear the economic fallout is yet to come. They have sold European assets, rather than...
Allianz Teams with Borealis Infrastructure to Buy Czech Gas Pipeline Operator
Apr 1 2013 // Germany’s Allianz SE has partnered with Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), to acquire Czech Republic pipeline firm N4G. Each will...
Ratings Recap: Ansvar, ARABIA (Jordan), ARABIA (Lebanon), ARABIA (Saudi Arabia), Transmonde
Mar 29 2013 // A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Australia’s Ansvar Insurance Limited, both with stable...
Allianz Seals Deal with Turkey’s Yapı Kredi for Insurance Acquisition/Distribution
Mar 28 2013 // Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty...
Austerity Threatens Europe’s Competitive Edge in Infrastructure
Mar 28 2013 // Europe’s carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world. But thanks to austerity budgets that are slashing infrastructure spending just...
France Threatens to Delay Quick Start of EU-U.S. Trade Talks
Mar 26 2013 // France threatened on Monday to delay the swift start of EU-U.S. trade talks if its red lines on culture and farm produce are not respected. Brussels and Washington hope to start negotiations in June on a transatlantic...
Last Ditch Cyprus Bank Deal Brings Little Relief; Much Uncertainty
Mar 25 2013 // At a Cypriot pawnbroker, one of the few growth industries in Europe’s debt-ridden south, someone had vented the anger of an island: “Thieves” was scrawled across the window, in bright red paint. The...
Supreme Court to Hear Drugmakers’ ‘Pay for Delay’ of Generic Products Case
Mar 22 2013 // The U.S. Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper products off the market. U.S. and state regulators say...
Russia Rebuffs Cyprus Aid; EU Awaits Bailout ‘Plan B’
Mar 22 2013 // Cyprus’ finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a bailout deal with the European Union before Tuesday or face the collapse of its...
Carnival Cruise Ships To Be Out of Service Longer Than Expected
Mar 21 2013 // The Carnival Triumph, which was crippled by an engine fire in the Gulf of Mexico last month leaving 4,200 people stranded for five days, will be out of service longer than initially expected, Carnival Cruise Lines...
FERMA Calls on EU Parliament to Enforce Minimum Disclosure Standards for All Broker Business
Mar 20 2013 // The Federation of European Risk Management Associations (FERMA) is calling on the European Parliament to ensure that all insurance buyers are entitled to a minimum European standard of disclosure in the revised Insurance...
Cyprus Bank Deposit Tax Sets ‘Dangerous Precedent,’ Says IIF Head
Mar 19 2013 // A proposal to impose a tax on bank deposits in Cyprus sets an “incredibly dangerous precedent” and undermines confidence built up in recent months over Europe’s handling of its debt crisis, the head of a...
Aon Unveils 2013 Interactive Political Risk Map; Focus on Emerging Markets
Mar 19 2013 // To complement its print version, Aon Risk Solutions, the global risk management business of Aon plc, has unveiled a new online and interactive political risk map with data going back more than 15 years. Aon explained the...
