Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
S&P Rates PartnerRe Preferred Stock Issue ‘BBB+’; Affirms Rating, Stable Outlook
Nov 11 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” preferred stock rating to Bermuda-based PartnerRe Ltd.’s (PRE’s) proposed $200 million Series D Cumulative...
ACE European Group Set to Become Third Largest U.K.-Based P/C Insurer
Nov 9 2004 // ACE European Group Limited, the cornerstone of ACE’s London Market and European business, announced that it has received regulatory approval to transfer its Belgian based business into the U.K.-based...
ACE European Group Appoints Levin Executive VP – Accident and Health
Nov 3 2004 // ACE European Group announced from London that it has appointed Edward Levin as Executive Vice President, Accident & Health and Personal Lines. He joins ACE from Citigroup Insurance in London, where he was responsible...
ACE Europe Unveils Dataguard Product in UK to Assist Businesses Recover Info from Damages
Nov 1 2004 // ACE Europe, part of the global ACE Group of Companies, has launched its ACE Dataguard product in the UK to help businesses recover revenue and information that is corrupted or destroyed through cybercrime or as a result of...
ZFS Names Riddell and Wemmer to Executive Committee
Oct 21 2004 // Zurich Financial Services Group (ZFS) announced the appointment of Geoff Riddell (48) and Dieter Wemmer (47) to the Group Executive Committee effective immediately. Riddell will continue to serve as CEO of Zurich’s...
Ascot Underwriting Chooses AIR’s Risk Model Software to Aid Global Catastrophe Risk
Oct 20 2004 // Ascot Underwriting Ltd (Ascot), a managing agent at Lloyd’s of London has selected AIR Worldwide to provide risk modelling software to manage its catastrophe risk. Ascot has licensed AIR’s CATRADER and CLASIC/2...
Best Assigns ‘A+’,’aa-‘ Ratings to Aviva Group
Oct 18 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) and an issuer credit rating of “aa-” to the core companies of the U.K.’s Aviva Group. Best also...
EU Delays Plan to Ban Sex Discrimination in Insurance
Oct 8 2004 // The European Commission (EC), the European Union’s regulatory authority, has delayed plans to outlaw the use of gender to determine insurance premiums at least until December. The controversial initiative, first...
ACE Appoints Two Senior IT Managers
Oct 6 2004 // ACE announced from London that it has made two new senior appointments to its internal IT teams in order to strengthen its internal system capabilities. Mrs. Rashmi Rao joins ACE as Global Programme Director. She has over...
TT Club Boosts Presence in North Europe Markets
Sep 30 2004 // The U.K.-based TT Club, a leading transport insurance mutual, announced that it is assigning more resources to expand its presence in the continental European market, particularly in Germany, Scandinavia and the Benelux...
S&P Affirms QBE Re (Europe) ‘A+’ Ratings
Sep 23 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A+” long-term counterparty credit and insurer financial strength ratings on Dublin-based non-life reinsurer QBE Reinsurance...
Fortis CEO Van Rossum Steps Down; Votron Appointed
Sep 21 2004 // Fortis, the Belgian-Dutch banking, financial services and insurance group, announced that CEO Anton van Rossum, 59, who had earlier indicated to the Fortis Board not to extend his contract after August 2005, has decided to...
India – Fascinating, Frustrating and Growing
Sep 20 2004 // This is the second in a series of articles on the Asia insurance marketplace. The next article in this series will focus on Japan and will appear in an October issue of Insurance Journal. An ancient Indian parable tells...
Keefe, Bruyette Increases European Insurance Coverage
Sep 16 2004 // Keefe, Bruyette & Woods Limited, a U.K. based investment banking firm and wholly owned subsidiary of the U.S. company (KBW), announced it has hired two new professionals to bolster its equity research of European...
Study Finds EU Insurers Believe They Are Well Prepared for Next Market Cycle
Sep 16 2004 // A study, released at the Reinsurance Rendezvous in Monte Carlo, has concluded that “the vast majority of European insurers (85 percent) feel well prepared for the next market cycle.” The survey, commissioned by...
ACE Rebrands U.K Operations as ACE European Group
Sep 14 2004 // The ACE Group announced the re-naming of its UK Financial Services Authority regulated insurance company, ACE INA UK Limited, as ACE European Group Limited. “ACE European Group Limited underwrites business branded as...
Survey Finds European Insurers Increasingly Concerned By Growing Tort Claims
Sep 14 2004 // According to the findings of a survey commissioned by The Insurance Leadership Institute of GE Insurance Solutions, independently conducted by Tillinghast, European insurers are becoming increasingly concerned by the...
Allied World Formally Opens Dublin Office
Sep 10 2004 // Bermuda-based Allied World Assurance Holdings, Ltd. announced the formal opening of the European headquarters of its subsidiary, Allied World Assurance Company (Europe) Limited, in Georges Quay, Dublin. Mr. Charlie...
First EU Healthcare Fraud Conference Set for 18-19 October in London
Sep 7 2004 // Expanding information and sharing intelligence will be the focus of Europe’s first ever Healthcare Fraud and Corruption Conference, scheduled to be held in London on 18/19 October 2004. The conference sponsors noted...
ACE Announces Japan, N.Z. Management Changes
Aug 31 2004 // ACE Overseas General, the non-U.S. insurance operations of The ACE Group of Companies, announced from Bermuda that Neil C. Smith has been appointed as President of ACE Far East. He succeeds Scott Pickering, who has been...
