Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Chubb Promotes Keaney to International High Net Worth Underwriting VP
Sep 12 2016 // Chubb announced that Jamie Keaney, formerly European Personal Risk Services underwriting manager, has been promoted to the new role of vice president and chief underwriting officer for International Personal Risk Services,...
Greenlight Re Expanding into Europe, Asia with New Partnership
Sep 9 2016 // Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting. The...
Allianz Expands Global Environmental Impairment Liability Team
Sep 8 2016 // Allianz Global Corporate & Specialty (AGCS) is expanding its global Environmental Impairment Liability (EIL) team with new senior hires in the North American and Mediterranean regions. “Environmental claims pose...
Viewpoint: How Trade Agreements Could Help P/C Insurers in Global Market
Sep 8 2016 // The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected...
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best
Sep 8 2016 // Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from their taking advantage of cheap and bountiful reinsurance capacity, A.M. Best said in a new...
UK Chancellor of Exchequer to Discuss Brexit Plans with Insurers & Bankers
Sep 7 2016 // Chancellor of the Exchequer Philip Hammond will meet senior bankers in London on Wednesday to set out the government’s plans to support the economy and sound out their views for a post-Brexit Britain. Hammond will...
UK Risks Losing Lloyd’s & London Market Insurers on Brexit: Lloyd’s Chairman
Sep 6 2016 // Lloyd’s of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain’s decision in June to leave the bloc,...
Everest Re Group Names Schaetti as Head of Casualty U/W, Zurich Branch
Sep 2 2016 // Everest Re Group, Ltd. announced that Robert Schaetti will join the Zurich branch of Everest Re Group as head of Casualty Underwriting. Schaetti joins Everest Re from Partner Re where he most recently served as head of...
EU Passporting Essential for Lloyd’s Market Position in Post-Brexit World: Fitch
Sep 1 2016 // The UK’s exit from the European Union, or “Brexit,” could lead to a loss of business for Lloyd’s of London unless the UK government is able to negotiate passporting arrangements to maintain access...
Brexit Vote Prompts Inquiries from Insurers Weighing Opening Offices in Dublin
Aug 30 2016 // Ireland says the Brexit vote has led to a jump in inquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain’s financial...
Low Interest Rates Pose Unknown Risks for European Insurers: CEO of Gjensidige
Aug 30 2016 // Cheap money could have unknown consequences for Europe, according to the chief executive officer of Gjensidige Forsikring ASA, Norway’s largest listed insurer. “It’s a sign of sickness for the economies...
London Financial Groups Losing Faith in Quick Fix to Get EU Access After Brexit
Aug 26 2016 // Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels...
RMS Releases Suite of Europe Inland Flood Risk Data to Open U/W Opportunities
Aug 22 2016 // RMS, the Newark, Calif.-based catastrophe risk management firm, has released a suite of Europe inland flood hazard data products. Describing the release as “the highest resolution view of the risk available on the...
Formal Brexit Talks Likely to Be Triggered in April 2017: UK Officials
Aug 19 2016 // Prime Minister Theresa May’s team is still leaning toward the first part of 2017 as the best moment to trigger the start of formal talks over the U.K.’s withdrawal from the European Union, according to two...
China’s Ping An Eyes Overseas Acquisitions, Including in Post-Brexit UK
Aug 18 2016 // Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in overseas investments and has not been put off Britain by its vote to leave the European...
Watford Specialty Looking to Build Program Business with U.S. Acquisition
Aug 17 2016 // Newly formed Watford Specialty Insurance Co. (WSIC), a subsidiary of Bermuda-based Watford Re, took a big leap forward recently with its acquisition of a carrier with admitted licenses in all 50 states and the District of...
VW’s Keyless Entry Systems Vulnerable to Hacking: European Researchers
Aug 12 2016 // Tens of millions of vehicles sold by Volkswagen AG over the past 20 years, and some current models, are vulnerable to theft because keyless entry systems can be hacked using cheap technical devices, according to European...
Zurich Insurance Q2 Net Income Declines 12% on Restructuring, Nat Cats
Aug 11 2016 // Zurich Insurance Group AG said second-quarter profit fell 12 percent on higher restructuring charges and claims from natural catastrophes as Chief Executive Officer Mario Greco overhauls the company’s biggest...
Air Pollution Affects Many London Parks
Aug 10 2016 // London is famous for its numerous parks and gardens, but even those green spaces aren’t safe from pollution. The air in many city parks surpass legal limits for nitrogen oxide set by the European Union, according to...
A.M. Best Assigns ‘A’ Rating to Starr International (Europe) Ltd.
Aug 8 2016 // A.M. Best has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a” to UK-based Starr International (Europe) Ltd. (SIEL). The outlook assigned to each rating is...
