Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Fitch Places XL on Rating Watch Negative
Jul 1 2008 // Fitch Ratings has placed the ratings of XL Capital Ltd. and its P/C (re)insurance subsidiaries, including the Issuer Default Rating (IDR) and the Insurer Financial Strength (IFS) rating of lead (re)insurance companies XL...
Europe Ratings Recap: Montpelier Syndicate 5151, Alliance Int’l., Tryggingamidstödin
Jun 30 2008 // Standard & Poor’s Ratings Services has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘3-‘ (average dependency) to U.K.-based Montpelier Syndicate 5151 with a stable outlook....
Reagan Joins Aon Construction Group, Focusing on Europe, Asia
Jun 30 2008 // Aon Corp. reports that Mark Reagan, former chairman of the Willis Construction practice, has joined Aon Construction Services Group as managing director. Reagan will be responsible for supporting the international practice...
Hiscox Comments on Recent Art Sales
Jun 27 2008 // A bulletin from Hiscox in London notes that “modern, contemporary and 19th century European art continues to see double digit growth despite global uncertainty. The value of modern and contemporary art has continued...
Spain’s Santander Eyes Dresdner Bank – Sources
Jun 20 2008 // Spanish retail bank Santander is considering buying Dresdner Bank in the latest twist of Germany’s bank merger frenzy, according to people with direct knowledge of the matter. The German banking industry is the...
Marsh Names Cameron UK CFO
Jun 19 2008 // Marsh announced the appointment of Angus Cameron as CFO of Marsh UK. He will join Marsh on August 18 and will report both to Martin South, CEO of Marsh UK and Marc Vassanelli, CFO of Marsh in Europe, the Middle East and...
Ratings Roundup: Allianz, Stellar, W.R. Berkley (Europe), Kiln
Jun 19 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ junior subordinated long-term debt rating on the $2.0 billion undated, subordinated, fixed-rate callable bonds issued by Germany’s...
Aon Names Soeteman-Reijnen Managing Director – Europe, Middle East, Africa
Jun 18 2008 // Aon Risk Services has appointed Marguerite Soeteman-Reijnen as managing director, head of broking excellence for Aon Europe, Middle East and Africa (EMEA), with immediate effect. The bulletin from Aon’s London office...
ACE Chooses Shaw as Chief Underwriter-Global Markets, Tempest Re Chairman
Jun 18 2008 // ACE has announced the appointment of Matthew Shaw as Chief Underwriting Officer, ACE Global Markets (AGM). He will also become the Chairman, ACE Tempest Re Europe, where he was previously Managing Director. He will report...
Willis Research Network Teams to Study Quakes with Italy’s EUCENTRE
Jun 17 2008 // The Willis Research Network (WRN), part of Willis Group Holdings Limited, announced that the EUCENTRE in Pavia has joined its network to enhance the quality of the earthquake research and modeling it offers to the...
Ratings Roundup: Berkley (Europe), Brit, Maiden, Länsförsäkringar, Ocaso
Jun 16 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ long-term counterparty credit and insurer financial strength ratings to U.K.-based non-life insurer W.R. Berkley Insurance (Europe) Ltd....
Foreign Insurers Look at Potential Acquisitions in a Weakened U.S. and E.U.
Jun 16 2008 // Asian Insurers May Buy in U.S., E.U.; Bermuda Beefs Up Regulators; Zurich Favored for Acquisition Asian insurers may go on a buying spree. A number of companies, particularly China’s major players, are likely to...
Lloyd’s Examines Growth of Polish Insurance Industry
Jun 13 2008 // While most people identify Russia as the emerging insurance market in Eastern Europe, Lloyd’s notes that “Poland is beginning to make a name for herself. When Lloyd’s Chairman Lord Levene visited the...
Regulator’s Speech Highlights Market Turmoil; Advantages of UK Regime
Jun 11 2008 // In a recent address Callum McCarthy, the Chairman of the UK’s Financial Services Authority, took stock of the current regulatory regime for financial services in the UK. “The turbulence in financial markets...
EU Plan to Shake up Insurance Industry
Jun 11 2008 // The European Commission has proposed shaking up how the European Union’s insurance sector covers risk. Solvency II aims to protect policyholders better and spur competition in the 27-nation European Union while...
Ratings: Wiener Staedtische, AXA (Canada), Max Capital, Tryggingamidstödin, Aveta, Ansvar, Norwegian Hull
Jun 11 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ junior subordinated long-term debt rating on the €250 million ($387 million) undated, subordinated notes issued by Austria-based Wiener...
British Regulator Warns Against Rushing New E.U. Insurance Rules
Jun 11 2008 // New European Union rules that shake up how insurers offset risk and protect policyholders must not be rushed despite a 2012 deadline, a senior British regulator said on Tuesday. European Commission proposals known as...
EU Seeks to Limit Auditor Liability to Boost Sector, Attract Insurance
Jun 6 2008 // European Union countries should limit the civil liability of auditors in order to encourage new firms to enter a sector now dominated by four firms and in this way protect European capital markets, the EU executive arm...
Ministers Meet in Paris to Keep Trade Talks Alive
Jun 5 2008 // Ministers from major trading nations will try to keep struggling world talks alive today, June 5, with supporters saying a deal could help offset the global food crisis and soften the economic slowdown. Ministers from the...
Johnson Joins Aon Environmental Risks
Jun 4 2008 // Aon announced that environmental insurance specialist Simon Johnson, Ph.D., has joined the firm as director in the Aon Environmental Services Group, a unit of Aon Risk Services. He will be based in London, and will...
