Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Europe Freeze Kills 89; Fears Rise over Russian Gas
Feb 1 2012 // Record-low temperatures in parts of Eastern Europe pushed the death toll from Arctic conditions to at least 89 people on Wednesday, and have forced Russian gas provider Gazprom to warn over supplies to Europe. Europe had...
Best Revises AIG and Subs Outlook to Stable; Affirms Ratings
Jan 27 2012 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of “bbb” of American International Group. It has also revised the outlook to stable from negative and...
Best Sees No Ratings Change for QBE Despite Lowered Profit Estimates
Jan 24 2012 // A.M. Best Europe – Rating Services Limited has commented that the ratings of Australia’s QBE Insurance Group Limited and its main insurance subsidiaries are unchanged following the market update issued by QBE on...
Analysis of New EU Data Protection Laws Command the Tide but Not the Cost
Jan 24 2012 // New data-protection proposals from the European Union to help people regain control of personal information from sites like Facebook could prove as effective as commanding the tide, while hurting small firms and Web giants...
Euro Zone Ministers Reject Private Bondholders’ Offer on Greek Bonds
Jan 24 2012 // Euro zone finance ministers on Monday rejected as insufficient an offer made by private bondholders to help restructure Greece’s debts, sending negotiators back to the drawing board and raising the threat of Greek...
Markel Enters Germany Through Joint Venture with Anglo Underwriting
Jan 23 2012 // Markel International has made a move to start writing business in Germany through a joint venture with Anglo Underwriting. With Markel’s support, Anglo’s primary focus will be to increase opportunities in...
Europe to Issue Tough Rules Protecting Internet Users’ Data
Jan 23 2012 // The European Union will propose tough new rules in the coming days on how corporations handle Internet users’ personal data, a long-awaited move that could have far-reaching implications for Web giants such as Google...
New Global Risks Create Need for Expanded Directors & Officers Liability Program
Jan 23 2012 // The risk of lawsuits against senior executives has long been a major concern for businesses in the United States. But in the last few years it has become a much more serious global exposure as well. The international legal...
S&P Follows up on Euro Zone Rating Actions
Jan 18 2012 // Standard & Poor’s Ratings Services has followed up on the rating actions it announced in December concerning a number of Europe’s largest insurers. S&P has lowered its ratings on the following insurers...
Chartis Realigns Global Business Units Amid Departure of Key Executive
Jan 18 2012 // Chartis said it is streamlining its geographic structure to add greater focus on its growth economies initiatives. The move comes amid the departure of Chartis Growth Economies CEO Julio Portalatin, who is leaving the...
Marsh & McLennan Appoints AIG Exec Portalatin as CEO of Mercer Unit
Jan 18 2012 // Marsh & McLennan Companies appointed insurance veteran Julio Portalatin as CEO of Mercer, MMC’s human resource consulting subsidiary. Julio Portalatin His appointment is effective February 1. He will be based in...
AIA May Bid $6B for ING Asian Business
Jan 17 2012 // AIA Group Ltd, Asia’s No.3 insurer and about one-third owned by American International Group Inc., may bid for the $6 billion Asian insurance operations of ING Groep, sources said, with the prospective sale expected...
Carnival, Tourism Industry, Insurers Tally Cost of Cruise Ship Accident
Jan 17 2012 // The cruise ship industry faces an uphill task to restore confidence among customers spooked by images of the stricken Costa Concordia flipped on its side in Italian waters on Monday and could suffer a hit to sales in a key...
2012 Off to Bad Weather Start for P/C Insurers
Jan 13 2012 // A tree lays in a yard after a possible tornado roared through Icard, N.C,. on Wednesday, Jan. 11, 2012.Damaging hailstorms in Australia. Unprecedented tornadoes in the southeastern United States. Constant windstorms in...
XL Insurance Combines Property, Asset Protection; 6 Engineering Heads Named
Jan 11 2012 // XL Group plc’s Insurance segment has combined its Property Underwriting and XL Global Asset Protection Services (XL GAPS) engineers to form one unified team, which consists of “nearly 200 risk engineers...
Ironshore Expands Environmental Products to Europe
Jan 9 2012 // Ironshore Environmental products are now available in Europe through Ironshore Europe Limited. The products cover a broad spectrum of issues for many industries, including manufacturing, engineering, construction, energy,...
Windstorm Andrea, First of 2012, Causes Damage in Europe: AIR Report
Jan 9 2012 // According to catastrophe modeling firm AIR Worldwide, Windstorm Andrea passed through the U.K. earlier this week, fast on the heels of Windstorm Ulli, which brought widespread travel and power disruptions to Scotland. The...
Windstorm Ulli is Latest to Batter Northwest Europe; AIR Analysis
Jan 5 2012 // Catastrophe modeling firm AIR Worldwide’s report on Windstorm Ulli notes that it is “passing through Scandinavia and is expected to dissipate as it moves over the Baltic Sea today. “A class 2 weather...
Breast Implant Scandal Shows Regulators in Dark on Tracking Risks
Dec 30 2011 // Long before the latest global breast implant scare, American health officials were toying with the idea of building a registry that would track patients with implants. The registry would give a better idea of the number of...
Ratings: Transsib Re, Tokio Marine Pacific, MAPFRE Panama, Union Nationale, Sovereign (NZ), Labuan Re, Tugu, ARIG
Dec 22 2011 // A.M. Best Europe – Rating Services Limited has upgraded the issuer credit rating to “bb+” from “bb” and affirmed the financial strength rating of B (Fair) of Russia’s OJSC Transsiberian...
