Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
S&P, Best Comment on PartnerRe’s EU Centralization Move
Aug 23 2007 // The rating agencies reacted positively to PartnerRe’s move to centralize all of its European operations in its Dublin-based subsidiary (See previous article). Standard & Poor’s Ratings Services assigned...
PartnerRe Centralizes Global Reinsurance Structure in Ireland
Aug 23 2007 // Bermuda-based PartnerRe Ltd. announced that “Partner Reinsurance Europe Limited, a wholly- owned subsidiary of PartnerRe Ltd., based in Dublin, will, from January 1, 2008, be the principal reinsurance carrier for...
S&P Forecasts a ‘Challenging Environment’ for Global P/C Insurers
Aug 22 2007 // Standard & Poor’s Ratings Services has issued a report entitled “Global Multiline Insurers Brace For A Testing Second-Half 2007 As Property/Casualty Market Languishes,” on its RatingsDirect service....
Best Affirms SCOR Ratings; Upgrades Converium; Off Review
Aug 22 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of France’s SCOR Group and its rated subsidiaries. Best also...
Marsh UK Warns of Possible E&O, D&O Liabilities from Subprime Defaults
Aug 21 2007 // Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater Directors’ and Officers’...
Zurich Launches New Direct Insurance Offering in Germany
Aug 21 2007 // The Zurich Financial Services Group has launched a new pan-European direct insurance offering “Zurich Connect,” in Germany. The initiative is “part of a European-wide roll out” that provides...
Reinsurance 2007 — A victim of success?
Aug 20 2007 // Record earnings, capitalization and profits deliver new challenges for reinsurers If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of...
Reinsurance 2007 – A victim of success?
Aug 20 2007 // If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of 2007 — it tops the leader board. But as any golf buff knows the final 18...
ACE Overseas Makes Accident/Health Management Appointments
Aug 9 2007 // ACE Overseas General has appointed Edward Levin, currently Regional Executive Vice President, Accident & Health (A&H), ACE Europe, to the position of Executive Vice President, International A&H. Andy...
S&P: Capital Management, ERM, Solvency II Concern European Insurers
Aug 7 2007 // Standard & Poor’s Ratings Services analyzes plans to pay back capital, maximizing ROEs and the lack of opportunities to deploy capital effectively in a new report – “Capital Management, Enterprise...
Endurance Names Guenther Chief Re Underwriting Officer for London
Aug 2 2007 // Endurance Specialty Holdings Ltd. announced that Hans-Joachim Guenther would join Endurance Worldwide Insurance Limited in London as Chief Underwriting Officer for Reinsurance and Head of Reinsurance for Europe. He has 19...
E.U. Consumer Chief Asks China to Step Up Product Safety
Jul 19 2007 // The European Union said it will ask China to be much more vigilant about product safety, requesting that officials there follow up on cases and report back to the EU about what measures are being taken. EU Consumer...
EU Consumer Chief to Ask China to Step up Product Safety Checks
Jul 19 2007 // The European Union said Tuesday it will ask China to be much more vigilant about product safety, requesting that officials there follow up on cases and report back to the EU about what measures are being taken. EU Consumer...
S&P Report Analyzes Bancassurance in Europe, U.S., Russia
Jul 6 2007 // Standard & Poor’s Ratings Services has issued a new report -“Bancassurance Approaches Employed In Europe, The U.S., And Russia: Similarities And Differences-” that analyzes the sector in those...
ACE Europe Launches Renewable Energy Coverage
Jul 6 2007 // The ACE European Group announced the launch of “ACE Renewable Energy,” a new program which it described as “an innovative insurance solution for UK renewable energy producers and providers in a single...
ACE Europe Management Moves
Jun 29 2007 // The ACE European Group has announced some changes to its Continental European country management with immediate effect, as follows: Jeff Moghrabi is to assume the role of Country Manager for ACE France, replacing Olivier...
RMS Releases New European Earthquake Model
Jun 28 2007 // Risk Management Solutions has launched an extensive new model for earthquake risk in Europe, which it believes is the “most comprehensive model of its type.” It covers Austria, Belgium, Germany, Italy and...
S&P’s European Insurance Symposium Highlights Impending Changes
Jun 28 2007 // Kathleen A. Corbet, President of Standard & Poor’s, told the audience at its second annual European Insurance Symposium that the insurance sector is at a critical point, with the move to greater transparency,...
Private Equity Firms Face Increased Litigation, Says Marsh Report
Jun 28 2007 // According to a survey by Marsh’s UK office, “almost half of private equity firms believe they will face an increased level of lawsuits over the next two years.” 47 percent of those surveyed predicted an...
FSA Approves ACE UK Life Co.
Jun 28 2007 // ACE Limited has received approval from the UK’s Financial Services Authority to establish a London-based life assurance company, ACE Europe Life Limited, doing business as “ACE Life.” The new Company...
