Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
ING Q2 Net falls 25% to $2.86 Billion
Aug 13 2008 // Dutch financial group ING reported a quarterly net profit that beat estimates on Wednesday as investments fell less than expected, and its underlying insurance and banking business remained solid. Second-quarter net profit...
Lloyd’s Europe Manager Highlights Expansion Plans
Aug 8 2008 // In a recent interview, published on the Lloyd’s web site (www.lloyds.com), Enrico Bertagna, Regional Manager for Europe, discussed Lloyd’s present and future plans to expand the London Market’s...
RMS unveils New UK Inland Flood Model, EU Earthquake Model
Aug 8 2008 // UK Flood Model Risk Management Solutions has released a major new upgrade to its U.K. Inland Flood Model. “The upgraded model will enable all segments of the insurance industry to drill down to a finer level of...
Pehrson Joins Aon Re Global
Aug 8 2008 // Christer Pehrson has joined Aon Re Global as executive director, focusing on its European-based global clients. He was previously managing director of Guy Carpenter in New York and deputy head of its international...
Credit Crunch Cripples European Insurers’ Profits
Aug 7 2008 // The global credit crisis tore a hole in the profits of some of Europe’s top insurers on Thursday, with AXA and Aegon both posting lower earnings. Share reactions were mixed across Europe. The DJ Stoxx European...
ACE Europe Names Bartolo to Manchester Environmental Risk Post
Aug 5 2008 // The ACE European group has appointed Emma Bartolo as Environmental Risk Underwriter in Manchester, in a move that enhances its regional specialty lines underwriting capabilities. She “will be responsible for driving...
New European Cat Bond Uses RMS Paradex for Risk Analysis
Aug 5 2008 // Risk Management Solutions announced that a $200 million Multi-Peril Securitization has become the first catastrophe bond issued using RMS Paradex Europe WiNdstorm index for risk analysis. RMS said it has “performed...
Best Sees Growing Interest for Euro-Captives’ Ratings
Aug 5 2008 // A.M. Best Co. reported that it is “seeing a growing interest in financial strength ratings (FSR) for captives and other alternative market vehicles in the European market.” The vehicles are already “one...
Lloyd’s Appoints Egan as First Country Manager for Ireland
Aug 1 2008 // Lloyd’s announced the appointment of Eamonn Egan as its first Country Manager for Ireland. He was formerly Regional Development Manager at ACE European Group, and will be assuming his new position at Lloyd’s...
French Agriculture Minister: China, India Thwarted WTO Negotiations
Jul 31 2008 // France’s agriculture minister said Wednesday that “big emerging countries” were to blame for the collapse of World Trade Organization talks on opening up the global economy. The president of a leading...
World Trade Talks Stall as Troubles Grow
Jul 29 2008 // Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better...
Alliant Launches Political & Economic Risk Indices, Ratings on Bloomberg
Jul 23 2008 // Alliant Emerging Markets announced the expansion of its risk analytics and advisory services by launching a source of political and economic risk indices and ratings available to banks, investments banks, private equity,...
Czech Risk Management Association Joins FERMA
Jul 18 2008 // The Association of Insurance and Risk Management Experts of the Czech Republic (ASPARCR) has been accepted as a member of the Federation of European Risk Management Associations (FERMA). This brings to a total of 16 the...
Guermonprez Named CEO of Aon France
Jul 10 2008 // Aon Corp. has appointed Damien Guermonprez as chief executive officer of Aon France. He replaces Vincent Redier, who will continue to serve as executive chairman of Aon France, member of the executive board of Aon Risk...
World Trade Organization Mediators Report Progress in Negotiations
Jul 10 2008 // World Trade Organization mediators in Geneva put the final touches to new negotiating texts on Thursday that will serve as the blueprint for an outline deal in the WTO’s long-running Doha round, trade officials...
European Union, India Support Including Insurance in World Trade Deal
Jul 8 2008 // The European Union and India said on Monday they were committed to a world trade deal that takes account of services as well as agriculture and industrial goods. A joint statement issued after Indian Trade Minister Kamal...
ACE Europe Names Fox Development Manager for UK Regions
Jul 3 2008 // ACE Europe has announced the appointment of Ian Fox as Development Manager for the UK Regions. He will be responsible for managing and building ACE’s broker relationships across its eight UK regional offices...
S&P: Affirms QBE’s Ratings; Praetorian Upgraded to Core Status
Jul 2 2008 // Standard & Poor’s Ratings Services has affirmed its insurer financial strength and counterparty credit ratings on holding company QBE Insurance Group Ltd. (currently rated ‘A-‘) and QBE’s core...
Tokio Marine Seeks U.S., Europe Acquisitions
Jul 1 2008 // Tokio Marine Holdings Inc. Japan’s largest non-life insurer, is looking at opportunities to acquire U.S. and European competitors as part of its overseas growth strategy, Chief Executive Shuzo Sumi said on...
Lloyd’s on ‘Rogue Traders’
Jul 1 2008 // It appears the “rogue” trading in the investment banking industry may not be an isolated problem. After Jerome Kerviel cost French bank Société Générale to book some $5 billion in losses, Morgan Stanley...
