Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Chubb Insurance Appoints Rehman CEO of Chubb Europe
Sep 9 2014 // The Chubb Group of Insurance Companies announced the appointment of Jalil Rehman as Chief Executive Officer of Chubb Insurance Company of Europe. He has been with Chubb for 24 years and has served in various leadership...
Guy Carpenter Launches Probabilistic European Hail Model
Sep 5 2014 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies, announced the launch of its new probabilistic hail model for Europe. The bulletin...
Edinburgh Defying Finance Doomsayers over Scottish Independence
Sep 5 2014 // For the banks, insurers and fund managers that thrived and survived in Edinburgh through war and recession for two centuries, a whole new challenge is looming. Royal Bank of Scotland Group Plc and Standard Life Plc might...
ING Gains on Plan to Cut Voya Stake with $1.2 Billion Share Sale
Sep 3 2014 // ING Groep NV, the biggest Dutch bank, gained in Amsterdam trading after it said it will reduce its stake in a former U.S. insurance unit, Voya Financial Inc., to about 32 percent by selling about $1.2 billion of...
EU Insurers Say New Rules Hurt $11.2 Trillion Investment Role
Sep 2 2014 // Insurers in Europe, which manage about €8.5 trillion ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-based rules for insurers in the European Union,...
Iceland Puts Airlines on High Alert after Volcanic Eruption
Aug 29 2014 // Iceland put airlines on the highest level of alert after authorities detected an eruption north of the Bardarbunga volcano. The Icelandic Met Office raised the alert over the site to red and flights have been banned below...
Report: Russian Hackers Attack 5 Big Banks, Steal Customer Data
Aug 28 2014 // Russian hackers attacked JPMorgan Chase & Co. and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the...
AXA to Buy $450 Million Stake in U.K. Mall from Land Securities
Aug 13 2014 // AXA SA’s property unit agreed to buy a 50 percent stake in a shopping mall and other assets in the English city of Bristol from Land Securities Group Plc for £267.8 million ($450 million). The purchase of Cabot...
EC Consults on Functioning, Future of Insurance Anti-Trust Block Exemption
Aug 13 2014 // The European Commission (EC) has issued a questionnaire to seek the views of stakeholders on the functioning and the future of the Insurance Block Exemption Regulation (IBER), which exempts certain agreements between...
CNA Appoints Motamed Chairman of CNA Europe Board of Directors
Aug 12 2014 // Thomas F. Motamed, chairman and chief executive of CNA Financial Corporation, has been appointed chairman of the CNA Insurance Company Limited (CNA Europe) Board of Directors, effective as of August 18, following approval...
European Insurance Industry Figures Find ‘Stability & Growth’ from 2003-2012
Aug 8 2014 // Despite the economic upheavals the European insurance industry has maintained a path of stability and growth, even through times of crisis, according to figures released by Insurance Europe, the European insurance and...
Energy Market Dynamics of Shifting Shale
Aug 4 2014 // The expansion of shale resource extraction encompasses several interrelated elements, including exploration risk, infrastructure project risk, and the risks associated with new or enlarged trade flows and the significant...
Allied World Europe Expands Professional Liability Team
Aug 1 2014 // Allied World Assurance Company Holdings, AG announced that Allied World Europe has expanded its professional liability team with the addition of two new vice presidents, Alec Goodair as Vice President, European Financial...
Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors
Aug 1 2014 // Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash...
Insured Global Disaster Losses in First Half Reached $22B: Aon Benfield
Jul 23 2014 // Insured losses from global natural disasters during the six-month period ending June 30, 2014 reached $22 billion. That compares to $27 billion in the first half of 2013 and is approximately 19 percent below the 10-year...
Airlines Shocked by Jet Attack; Ask Why No-Fly Zones Are So Rare
Jul 22 2014 // A universal no-fly area declared in eastern Ukraine after the downing of Malaysian Air Flight 17 is a rare restriction currently shared only with North Korea, prompting airlines including Deutsche Lufthansa AG to question...
Energy Market Dynamics of Shifting Shale
Jul 21 2014 // The expansion of shale resource extraction encompasses several interrelated elements, including exploration risk, infrastructure project risk, and the risks associated with new or enlarged trade flows and the significant...
Smart Meters Pose New Risks for Energy Industry
Jul 18 2014 // Last November, Felix Lindner came very close to shutting down the power supply of Ettlingen, a town of almost 40,000 people in the south of Germany. “We could have switched off everything: power, water, gas,”...
Everest Re Group Names Carrier European General Manager
Jul 15 2014 // The Bermuda-based Everest Re Group, Ltd. announced that Andrew Carrier will be joining the Company as President of Everest Advisors, UK and General Manager of European Operations, as of November 3, 2014. Carrier will join...
Insurers in Dash for Expertise to Master Cyber Risk Insurance
Jul 14 2014 // Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. High profile cases of hackers...
