Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Swiss Re Study: Outlook Promising for U.S. Credit Insurers
Oct 31 2000 // So found a recent Swiss Re sigma study “Trade Credit Insurance.” The study also found the products that will likely boost revenue include: credit lines for commercial internet purchases, information services...
EU-China Resolve Insurance Impasse
Oct 30 2000 // Chinese and EU negotiators have apparently reached agreement on granting an additional 7 licenses to European insurers, as agreed in principle last May when the bilateral accords were reached between the two as part of the...
European Online Brokers InsuranceCity, InsuranceWide Show the Way
Oct 30 2000 // “Right now we think we’re ahead of the States in [online] personal lines,” said James Harrison, Chief Operating Officer of the U.K.’s InsuranceWide (IW) www.insurancewide.com. He might be...
EU Demands Italy Lift Auto Rate Freeze
Oct 27 2000 // The European Commission, the European Union’s administrative arm, has given the Italian government three weeks in which to end its price freeze on automobile insurance premiums, in effect since the beginning of the...
China-EU Summit Opens
Oct 23 2000 // The annual summit meeting between the Chinese Government and the high level members of the European Union currently taking place in Beijing has so far failed to produce any new breakthrough which would assure China’s...
Border Crossing
Oct 23 2000 // NAFTA Still Hobbled By Stafety Concenrns, Cross-Border Insurance Isues The provisions of the North American Free Trade Agreement have been in place for several years, but Mexico and the United States have yet to simplify...
Prudential Launches Strategist – Investment Vehicle for Europe
Oct 6 2000 // America’s Prudential announced that it would begin selling “Strategist” its new investment vehicle aimed at middle income investors in Europe. The move is seen as an effort by the U.S. largest life...
S&P Revises Outlook on Reliance (Europe) to Negative
Sep 22 2000 // Following yesterday’s announcement that Candover Investment Plc was pulling out of talks to acquire Reliance National Insurance Co. (Europe) Ltd., a subsidiary of U.S. insurer Reliance Group, Standard &...
Scottish Life Turns Down GE Bid
Sep 18 2000 // In a surprise move Friday, Scottish Life and GE Capital broke off their acquisition discussions apparently in disagreement over the price GE was offering to acquire one of Scotland’s last independent mutual life and...
Candover Considers Acquiring Reliance’s European Arm
Sep 8 2000 // Candover Investments P.L.C., a buyout specialist, has entered into exclusive negotiations to acquire Reliance National Insurance Co. (Europe) Ltd. Last year, Reliance National (Europe) generated $255.2 million in gross...
E-SIGNATURES IN THE EU
Sep 4 2000 // The German cabinet unveiled a draft bill last month to develop a standard for electronic signatures in Internet commerce. The move is in step with a European Union initiative and follows the EU’s approval of a...
ECB Rate Rise Fails To Lift Euro
Sep 1 2000 // In a widely anticipated move the European Central Bank (ECB) raised its basic interest rate a quarter point from 4.25 percent to 4.5 percent. The ECB indicated that fears of inflation, which has been running around 2.4...
Tragic Concorde Crash Could Wrack Up Losses for European Insurers
Aug 7 2000 // Insurers could pay out more than $320 million as a result of the July 25 Air France Concorde crash that killed 113 people, according to the Guardian, a U.K. newspaper. The supersonic jet went down just after taking off...
AIG names Cormack CEO of European Operations
Jul 25 2000 // American International Group has appointed Ian Cormack as chief executive of European operations. The newly created job will involve overseeing AIG’s insurance, financial services and asset management businesses. The...
Businesses at Risk:Do Your Clients Need CONTAMINATED PRODUCTS Insurance’
Jul 24 2000 // Ecoli bacteria in beverages, cyanide in capsules, salmonella contamination in meat, mislabeled products, threats to spread harmful rumors about a product-these and similar hazards create a crisis situation for a company...
Owners Plan To Make Eureko Into Full Service Insurer
Jul 4 2000 // Plans to create a truly pan-European insurance company out of Eureko, up to now a rather loose partnership of eight European insurers, advanced significantly on Monday with the the announcement that Banco Commercial...
Report MarshMac To Expand In Europe, U.K.
Jun 26 2000 // According to reports which appeared in the Times of London, and France’s financial newspaper Les Echos, the world’s largest broker Marsh & McLennan (Marsh,Inc.) plans to expand its operations in the U.K....
Bancassurance Model is Business as Usual in European Countries
Jun 12 2000 // The passage of the Gramm-Leach-Bliley Act marked a watershed in U.S. financial regulation, opening up the banking, insurance and securities sectors to cross-holdings and business combinations after almost 70 years of...
BREAKTHROUGH IN WTO
May 29 2000 // On May 19, the European Union and China announced that they had reached a compromise on the terms of a trade agreement that would lead to China’s entry into the World Trade Organization (WTO). At issue was EU demands...
Swiss Re “Sigma” Study Focuses on Structural Changes in European P/C
May 29 2000 // Swiss Re’s latest “Sigma” Report focuses on the structural changes that have taken place in the European Property/Casualty insurance sector, and confirms that mergers, acquisitions, deregulation and the...
