Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Singapore PM Urges Lloyd’s to Expand Asian Links
Sep 11 2006 // Lloyd’s Chairman Lord Levene welcomed His Excellency Lee Hsien Loong, Prime Minister of Singapore, and a host of senior executives from across the insurance market, government and business at a dinner held in the...
U.K.’ s BCC, AIG Team up to Offer Small Business Solutions
Sep 8 2006 // The British Chambers of Commerce (BCC) has teamed up with AIG Europe (UK) Limited to provide small and mediums sized businesses (SMEs) with tailored insurance solutions and advice on business risk management. “Recent...
U.S., Swiss and EC Approve AXA’s Acquisition of Winterthur; Executive Appointments
Sep 8 2006 // France’s AXA Group has received approvals from U.S., Swiss and the European Commission antitrust authorities for its CHF12.3 billion ($9.89 billion) agreement to acquire Winterthur Swiss Insurance Co. from Credit...
Revenue is King for P/C Insurers, But Bigger Isn’t Better, Study Reports
Sep 6 2006 // A comprehensive study of property and casualty insurance companies in North America, Western Europe and Australia has determined that the top line is more often the bottom line than previously thought. Bain finds that the...
Ireland’s Quinn-direct to Create 1000 New Jobs
Sep 5 2006 // One Company that seems confident in the growth predictions of the Research & Markets report (See related article) is Ireland’s Quinn Group. It plans to hire as many as 1000 new workers for its insurance...
Towers Perrin Appoints Taylor-Gooby Managing Director, Tillinghast
Sep 5 2006 // Towers Perrin has named Steve Taylor-Gooby as managing director for its Tillinghast business. In his new role, Taylor-Gooby will assume responsibility for establishing overall strategic direction, key investment priorities...
Seth Appointed New Director ACE European Markets
Aug 30 2006 // ACE Bermuda has appointed Anup Seth as Managing Director of ACE European Markets. He will assume responsibility for the general day-to-day management of ACE’s Dublin-based operation, which was established in 1997 to...
European Reinsurers See Buying Opportunity in Scottish Re’s Problems
Aug 22 2006 // Scottish Re Group Limited, a global life reinsurance specialist that operates companies in Bermuda, Charlotte, No. Carolina, Dublin, Grand Cayman, and Windsor, England – but oddly enough not in Scotland – has...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
ACE Europe Says D&O Market Needs Clarity on Extradition
Aug 3 2006 // The U.K.-based ACE European Group, a primary underwriter of directors and officers insurance in the London market, issued a statement that it is “taking a lead in the D&O market by providing greater clarity in...
XL to Restructure European Reinsurance Operations
Aug 2 2006 // Bermuda’s XL Capital Ltd. announced plans to develop a new, integrated European platform for its reinsurance operations, centered around a new company, which it is establishing in Dublin. Branch offices will be...
Hannover Re $150 Million Cat Bond Covers European Windstorm Risks
Aug 1 2006 // Germany’s Hannover Re announced that Eurus Ltd., a special purpose vehicle, has issued a CAT bond with a volume of $150 million, giving the reinsurer windstorm protection with immediate effect for a term of...
Baldwin to Retire from Allied World’s UK Operations
Jul 28 2006 // Michael Baldwin, managing director of Allied World Assurance Company’s London branch, is retiring from the company effective Monday, July 31, 2006. Baldwin was one of four founding members of Allied World during its...
Banque AIG Appoints Dusek as Executive Director
Jul 25 2006 // Banque AIG, a wholly-owned subsidiary of American International Group, Inc., has hired Tomas Dusek as an executive director in its European marketing group. Dusek will focus on developing business opportunities in Central...
States may scrap full collateral requirements for ‘alien’ reinsurers
Jul 24 2006 // In an abrupt departure from procedures that have been in place since World War II, the National Association of Insurance Commissioners took a first step at its recently concluded meeting in Washington, D.C., towards...
GM to Close Portuguese Factory by End of 2006; 1,200 Lost Jobs Possible
Jul 12 2006 // GM is to close its factory in Portugal this year and move production of its Combo vehicle to its factory in Zaragoza, Spain, the company’s Europe vice president said July 11. The move means 1,200 lost jobs at the...
Generali Signs Deal to Acquire 51% Stake in Bulgaria’s Orel-G Holding
Jul 11 2006 // It’s not just the Italian Football (soccer) team that’s in an expansive mood. Italy’s Generali Group announced that it has signed an agreement for the acquisition of a 51 percent shareholding in Bulgarian...
SCOR Opts to Become First French Societas Europaea
Jul 6 2006 // France’s SCOR Group announced that its Board of Directors has adopted plans to transform the Company into a Societas Europaea, or SE. SCOR SA – its current status – will become the first French listed...
News Briefs
Jul 4 2006 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
