Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
The Globalized Broker Network
Jun 15 2009 // Assurex Global Struck Gold with Partners Around the World Assurex Global Year Founded: 1954 Locations: 500 offices on six continents Employees: 20,000 Annual Premium Volume: $28 billion Annual Revenue: $3.4 billion Assurex...
Marsh Survey Finds Financial European Risk Management Budgets Stagnant
Jun 11 2009 // A survey, conducted by Marsh and the independent research group Ipsos, has concluded that almost all European financial institutions have reviewed their approach to risk since the onset of the global financial crisis,...
EU Ministers Vow Debt Curb; Broach Bank Supervision
Jun 9 2009 // European Union Finance ministers were set on Tuesday to renew commitments to post-recession debt reduction but without tying themselves for now to a starting date. The ministers from the 27 European Union countries were...
Guy Carp Report Details EU Developments Affecting Insurance
Jun 9 2009 // Guy Carpenter & Company has published the latest installment in its series of updates on key legislative and legal developments impacting insurers and reinsurers in Continental Europe. The briefing addresses the...
ACE Europe Finds Lack of Risk Manager Authority in Financial Crisis
Jun 8 2009 // “Financial institutions did not empower their risk management functions enough to curb the activities of risk takers which played a major role in the near collapse of the international financial system in...
Amlin to Buy Fortis Dutch Corporate Insurance Unit; S&P, Best Comment
Jun 4 2009 // The UK’s Amlin plc announced that it has entered into an agreement to acquire Fortis Corporate Insurance N.V. (FCI), an important provider of corporate P/C insurance in the Netherlands and Belgium, from the Dutch...
Association of British Insurers Warns of Regulation ‘Contagion’
Jun 4 2009 // The Association of British Insurers has issued a statement warning that regulators and governments “must not harm other industries, such as insurance, as they deal with the banking crisis.” In a new report,...
EU Unveils Reforms to Make Financial Markets Safer – Insurance Included
May 27 2009 // Banks will be more closely scrutinized under European Union plans unveiled on Wednesday to apply lessons from the credit crunch and better protect investors shaken by the worst financial crisis in decades. The European...
France, Germany Urge More Flexible Climate Pact
May 26 2009 // France and Germany suggested on Monday that rich nations should collectively guarantee deep cuts in greenhouse gases by 2020 while giving flexibility to laggards such as the United States to catch up later. France said the...
Russia Must Enter WTO before Joint EU Deal Says Envoy
May 22 2009 // The European Union’s trade commissioner ruled out on Friday finalizing a strategic pact with Russia before it joins the World Trade Organization and warned Moscow against introducing new protectionist...
European Union, China Rebuild Ties; Seek ‘New Global Order’
May 20 2009 // The European Union and China hope to relaunch their political and economic relations at a summit on Wednesday and create a “new global order” to combat the financial crisis, dwindling world trade and climate...
Ratings Recap: Allianz, Swiss Re (Notes), Everest Re (Ireland), Civic
May 18 2009 // Standard & Poor’s Ratings Services issued a statement that its ratings and outlook on Germany’s Allianz SE (AZSE), currently ‘AA’/Stable/’A-1+’, and various core operating entities...
Best Analyzes Economic Issues Facing Europe’s Insurance Industry
May 18 2009 // In a recently published special report from BestWeek, A.M. Best analyzes the relative economic strength Europe’s 10 largest insurance groupsand the top five European reinsurers. “Ever since American...
Fight for IPC Re Intensifies; Pirates Continue Attacks; Solvency II Gets EU OK
May 18 2009 // A good old-fashioned fight has developed between Bermuda-based Validus Holdings and the Max Capital Group over the latter’s planned amalgamation with IPC Re. At the end of March, Max announced that it had made a deal...
Capital, Capital, or Where Did All the Money Go?
May 18 2009 // At least the global depression has focused people’s minds on some important issues. The Group of 20 (G20) meeting in London acknowledged the need for more capital to shore-up the world’s financial system...
More European Insurers Hit by Market Writedowns
May 14 2009 // More European insurers unveiled writedowns on their investments in a second wave of first-quarter results on Thursday, although some said sales were proving relatively resilient. Analysts said investors were left with...
U.S. Chamber Questions Lack of Due Process in EU Antitrust Decisions
May 14 2009 // The U.S. Chamber of Commerce has issued a bulletin which raises its “concerns that the European Commission’s levy of a record setting antitrust fine against Intel is part of a larger, troubling...
CII Study Finds Growing Need for European Migrant Financial Services
May 11 2009 // “More insurance and other financial policies that apply across Europe’s national boundaries must be developed over the next five decades, as large migrant groups join the over fifties as a major market for...
Ratings Recap: Munich Re, Island Capital, Orkney Re, SCR, AEGIS
May 7 2009 // Standard & Poor’s Ratings Services has said that its ratings and outlook on German global reinsurer Munich Reinsurance Co. (‘AA-‘/Stable/–) and core related entities) are unaffected by the...
Argo Names Enoizi as Heritage CEO
May 1 2009 // Argo Group International Holdings announced that Julian Enoizi has been appointed as CEO of Heritage Managing Agency Ltd., the Lloyd’s business Argo Group acquired in May 2008. Enoizi will join Heritage from CNA...
