Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
European Life Insurers Hope Accounting Change Will Woo Investors
Aug 4 2010 // British life insurers reporting half-year results this month plan to simplify their notoriously complex financial statements in a move that could lift their flagging shares. Standard Life, Britain’s fourth-biggest...
Schmidt Named CEO for Catlin Europe Reinsurance, New Switzerland Unit
Aug 3 2010 // Specialty insurer and reinsurer Catlin Group Limited has appointed Peter Schmidt as chief executive officer for European Reinsurance. He will also serve as CEO of Catlin Re Switzerland, which subject to regulatory approval...
July’s Catastrophes Cause Widespread Losses Globally: Aon Benfield
Aug 3 2010 // Floods in Pakistan and China have taken thousands of lives and damaged hundreds of thousands of homes, according to a new report on catastrophic events in July by a reinsurance team. A European heatwave, wildfires in...
New International Accounting Standard Aims to Clarify Insurers’ Profits
Jul 30 2010 // A global accounting standard setter proposed a new rule for measuring insurers’ profitability on Friday, aiming to shine a light on a sector criticised by investors for being a “black box” that keeps them...
Torus Targets New Business in Europe with Executive Appointments
Jul 29 2010 // Torus Insurance is “continuing the rollout of its Continental European operation,” notes a company bulletin. It announced the appointment of Esther Fittinghoff as Professional Lines Manager and Kurt Fleischmann...
Europe’s CEA Expresses Concerns on Reinsurance Tax Proposals
Jul 27 2010 // The CEA (Centre d’Etudes d’Assurance), the European insurance and reinsurance federation, has written to the US House of Representatives to express its concerns over proposals to change the US tax treatment of...
JLT Expands International Network with 3 New Agreements
Jul 26 2010 // UK-based broker Jardine Lloyd Thompson announced a major expansion of its JLT International Network in Continental Europe and the CIS countries. “Three of Europe’s leading independent insurance brokers, SIACI...
Business Groups Press Emerging Economies over Doha
Jul 22 2010 // Brazil, China and India must use their growing economic might to help revive deadlocked global trade talks, a coalition of business lobby groups said in a letter to U.S. and European Union trade negotiators. The letter,...
Obama, Cameron Push Sanctions on Iran, Including Insurance
Jul 21 2010 // Britain and the United States said Tuesday it was not too late for a peaceful solution to the crisis over Iran’s nuclear program, but said they were determined to enforce new sanctions. The United Nations approved...
Goldman Sachs Deep Pockets May Still Make It Lawsuit Target
Jul 20 2010 // Goldman Sachs put one headache behind it by settling with U.S. securities regulators, but it looks like a tempting deep pocket for banks and hedge funds that bought subprime-backed mortgage securities. A day after the U.S....
Canada Trade Minister Urges Action on Big Doha Issues
Jul 19 2010 // WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada’s trade minister said Friday. In an interview with Reuters, Peter Van Loan said...
Cunningham Lindsey Completes Expansion in Germany, Spain, France
Jul 15 2010 // Claims specialists Cunningham Lindsey Group Limited have completed four strategic acquisitions in Europe. President and CEO Philippe Bès reported that the Group is “ahead of our internal plans in the...
European Union Fails to Reach Accord on Financial Supervision
Jul 14 2010 // Efforts to clinch a deal on the way banks, insurers and markets in the European Union are supervised failed on Wednesday and talks will resume in late August or early September. The talks on creating pan-European...
QBE Europe Promotes Tonchev and Jenny
Jul 13 2010 // QBE’s European division announced that Petko Tonchev has been promoted to General Manager for Central and Eastern Europe and Felix Jenny will take up the interim position of General Manager of QBE‟s...
The Growing Risks of Social Media
Jul 12 2010 // Asked why he robbed banks, Willie Sutton famously replied: “Because that’s where the money is.” Something similar can be said to explain why companies are paying more attention to social media these days...
AXIS Expands Global Accident & Health Coverage
Jul 9 2010 // AXIS Global Accident & Health (AGAH), a division of AXIS Capital Holdings Limited, announced that it is now actively marketing its capability to write accident and specialty health reinsurance cover from Ireland and...
ACE Appoints Furby Division President, Overseas General Operations
Jul 9 2010 // The ACE Group of insurance and reinsurance companies announced the appointment of David Furby as Division President, Commercial Property & Casualty, for ACE’s Overseas General operations. He is based in New York...
IMF Raises 2010 World Wide GDP Forecast; Flags European Risks
Jul 8 2010 // The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area’s debt crisis posed a big risk to...
Ratings Roundup: Glacier AG, Ansvar, Adamjee
Jul 7 2010 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Liechtenstein-based Glacier...
Rough Road for Trucking in the New Economy
Jul 5 2010 // Rising Taxes, Inflation Will Force Insurance Market to a ‘Déjà vu All Over Again’ The insurance industry has a long history for cyclical price adjusting, featuring long periods of marginal to inadequate...
