Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Allianz, ThyssenKrupp CEO’s Warn of New Market Bubbles
Dec 21 2009 // The chief executives of Allianz, Europe’s biggest insurer, and ThyssenKrupp, Germany’s biggest steelmaker, have warned of new bubbles that they see developing in global markets. “You know why nothing has...
U.N. Climate Talks End ‘With a Bare Minimum’ Agreement
Dec 21 2009 // U.N. climate talks ended with a bare-minimum agreement Saturday, Dec.19, when delegates “noted” an accord struck by the United States, China and other emerging powers that falls far short of the...
Truth or Lore? Insurance ‘Factorama’ Explores the Known and Little-Known
Dec 20 2009 // It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance...
QBE Europe to Purchase Munich Re’s Evergreen Brand, Renewal Rights
Dec 18 2009 // QBE European Operations (QBE EO), the specialist business insurer, announced its purchase of the brand and renewal rights of the Evergreen portfolio from MSP Underwriting Limited, the Lloyd’s underwriting agency,...
UN Climate Talks Resume; US Backs $100 Billion Aid Fund
Dec 17 2009 // Danish hosts revived climate talks on Thursday and Washington backed a $100 billion fund to aid poor countries, as world leaders gathered on the eve of a U.N. deadline to reach a deal to slow global warming. Environment...
ING Gets Rights Issue Boost Ahead of Asset Sales
Dec 16 2009 // ING won strong support from shareholders for a heavily discounted rights issue, helping the Dutch bancassurer cut its reliance on state aid and clearing the way for it to launch a program of mandated asset sales. ING said...
Norway’s Risk Management Association Becomes 20th FERMA Member
Dec 15 2009 // The Norwegian Risk Management Association (NORIMA) has been accepted as a member of the Federation of European Risk Management Associations (FERMA), bringing the total to 20 associations from 18. Risk management...
Ratings Recap: XL Europe, Wagram, NAGICO, AGS, ARIG
Dec 15 2009 // Standard & Poor’s Ratings Services announced that it withdrew its ‘A’ counterparty credit and financial strength ratings on XL Europe Ltd. on Dec. 10, 2009. “We withdrew the ratings because of...
Aon to Acquire Construction Insurance Broker FCC Global of Spain
Dec 15 2009 // Aon Risk Services said that it has agreed to acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas,...
FERMA Comments on Proposed EU Insurance Block Exemption Changes
Dec 14 2009 // The Federation of European Risk Management Associations, has issued a bulletin welcoming the opportunity to comment on the European Commission’s latest draft of the block exemption requirements (BER) for the...
EU Presses IMF to Support Financial Transaction (Tobin) Tax
Dec 11 2009 // The European Union increased pressure on the International Monetary Fund on Friday to consider a global tax on financial transactions to limit the risk of another economic crisis. In a draft statement expected to be...
‘Fog in Channel’ – The Disconnect between England and France
Dec 4 2009 // The rest of that phrase, from a long ago Times headline, reads “- Continent Cut Off.” It succinctly summarizes the past, present and probably future state of relations between two of Europe’s oldest...
Bakker to Head Willis European Capital Markets, Advisory Unit
Dec 3 2009 // Willis Group Holdings announced that Michiel Bakker has been appointed Managing Director and Head of Europe for its Willis Capital Markets and Advisory unit, formed earlier this year to expand the broker’s capital...
China, Other Big Developing Countries Reject Copenhagen Climate Plan
Dec 3 2009 // China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said Wednesday. China, the...
France Tries to Calm Britain’s Angst over Regulation Threats
Dec 3 2009 // France tried to reassure Britain on Thursday that its push for tougher financial regulation in the European Union would not undermine the City of London, saying new rules would not hurt anyone system in...
House Advances Sweeping Overhaul of Financial Services Regulation
Dec 3 2009 // Lawmakers in the House of Representatives voted Wednesday to give government regulators the power to break up financial firms that threaten economic stability, and to expose the Federal Reserve to unprecedented...
UK’s Darling Backs Stronger European Regulation
Dec 2 2009 // The UK’s Chancellor of the Exchequer, Alistair Darling, backed tougher Europe-wide financial regulation in a Times article on Wednesday, but stressed that the UK’s financial services industry must not be...
American Bar Ass’n. Antitrust Section Approves EU’s Block Exemption Reg
Dec 2 2009 // The Antitrust Section of the American Bar Association has given its view of the European Union’s Block Exemption Regulation (BER). In a notice on its web site (www.abanet.org) the Section said it “appreciates...
Swiss Re Economists See Gradual Recovery; Regulation Concerns
Dec 1 2009 // Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be...
Customer & Credit Risks top Agendas for European Business, Says Marsh
Nov 24 2009 // New research, conducted by Marsh, has found that senior executives in Europe’s leading organizations are most concerned about customer-related risks and access to credit, as they plan their recovery from the global...
