European market News

Europeans Buy Older Cars to Avoid Public Transport During Pandemic

LONDON/MADRID – Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport? Welcome to Pandemic Motors, we have just what you need. Across Europe, people are snapping up old bangers, clunkers, Klapperkasten, …

European Watchdog Urges Re/insurers to Suspend Dividends During Pandemic

The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the level of uncertainties connected to the impact of the COVID-19 crisis. The European Insurance and Occupational Pensions Authority (EIOPA) said …

European Insurers Are Having a Rough Time This August – Here’s Why…

European insurers are having a rough time. Already carrying the burden of low yields eroding their investment income, disappointing earnings as well as some companies’ exposure to Asia are making things even worse. The Stoxx Insurance 600 index is down …

Sompo International Taps Pützer from Amlin as Head of Financial Lines in Germany

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced that Udo Pützer has joined the company’s European insurance platform as head of Financial Lines Insurance in Germany. Pützer is based in the company’s Düsseldorf office …

Starr Insurance Cos. Appoints Vink from HDI Global as Head of Europe

Starr Insurance Cos. announced the appointment of Joost Vink as head of Europe. He will be responsible for the profitable growth of all European operations except the United Kingdom. Vink joins the company from HDI Global where he was managing …

Sompo International Launches Transaction Risk Insurance in Europe

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s European specialty platform has introduced a new transaction risk insurance line of business, expanding its professional lines insurance offerings in …

AXA Investment Managers Bullish About Europe as Asian Investors’ Interest Grows

Andrea Rossi doesn’t buy into the story that Europe is a dead end for growth. In fact, he sees luring Asian investors to his continent as one of the key ways AXA Investment Managers will expand in years to come. …

Willis Towers Watson Launches Facultative Re Hub for Germany, Austria, Switzerland

Willis Towers Watson has launched a hub that will focus on facultative reinsurance business across the German-speaking region of Germany, Austria and Switzerland (DACH). The broker said the hub will further enhance its corporate risk and broking proposition in Western …

Global Insurance M&A in H1 Drops to Lowest Point in 2 Years: Clyde & Co.

The volume of completed mergers and acquisitions (M&A) in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second half of 2016, according to Clyde & …

Willis Re Appoints Hannover Re’s Carroll to Western Europe Team

Willis Re has appointed Ronnie Carroll as head of Structured Solutions for Europe West and senior UK client advisor. He will report to Alkis Tsimaratos, managing director, head of Europe West. Carroll joins from Hannover Re where he was a …