Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Zurich Insurance to Double Green Bonds to $2 Billion on European Growth
Jul 14 2014 // Zurich Insurance Group AG, Switzerland’s largest insurer, doubled its planned investment in green bonds, citing their growing appeal in Europe. The company said in November that it wanted to invest as much as $1...
FERMA Agrees to Plan for European Certification of Risk Managers
Jul 10 2014 // The general assembly of the Federation of European Risk Management Associations (FERMA) announced that it has agreed a framework and funding to create European certification for risk managers. “The program will...
Allianz Says Investments in Roads, Grids Lack Political Support
Jul 10 2014 // Allianz SE said a lack of political support prevents investors from contributing more money to infrastructure projects such as roads or power and gas grids. “Politicians are still convinced infrastructure has to be...
Aon Benfield June Global, U.S. Cat Report: Thunderstorms, Hail, Floods
Jul 7 2014 // The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected Western and Central Europe during the first half of the month, causing...
Arch Capital Makes Reinsurance Group Promotions; Management Changes
Jul 7 2014 // The Bermuda-based Arch Capital Group Ltd. (ACGL) has announced promotions in the reinsurance group “to support the recent expansion of the Company’s mortgage insurance and reinsurance operations.” Marc...
Shares of ING’s NN Group Rise more than 5% in Stock Market Debut
Jul 2 2014 // Shares in NN Group, the insurance arm of Dutch financial services company ING Group, rose more than 5 percent on their stock market debut on Wednesday, in what was set to be Europe’s largest stock flotation so far...
ING Said to Price Insurance Unit at Midrange in $1.9 Billion IPO
Jul 1 2014 // ING Groep NV, the biggest Dutch financial-services company, is likely to price the initial public offering of its European insurance arm at €20 [$27.38], in the middle of its original price range, according to a person...
European Insurance Federation Opposes Compulsory Environmental Liability
Jul 1 2014 // “An EU-wide compulsory environmental liability insurance system would not benefit customers and so should not be introduced,” according to Insurance Europe, the European insurance and reinsurance...
Google Begins Complying with EU ‘Right to Be Forgotten’ Ruling
Jun 26 2014 // Google has begun removing some search results to comply with a European Union ruling upholding citizens’ right to have objectionable personal information about them hidden in search engines. The so-called...
Polish Insurer PZU Selling Eurobonds to Buy RSA Units
Jun 26 2014 // PZU SA, Poland’s biggest insurer, is selling 500 million euros ($681 million) of five-year bonds to help finance an acquisition. The state-controlled insurer is tapping the market after the European Central Bank cut...
ING Seeks as Much as $2.1 Billion from NN Insurance Offering
Jun 17 2014 // ING Groep NV, the biggest Dutch financial-services company, is seeking as much as €1.54 billion ($2.1 billion) in the first and what may be only public offering of its European insurance unit. The firm plans to offer 70...
Ireland’s Medical Insurer Vhi Extends Buffett Reinsurance Deal by Four Years
Jun 17 2014 // Vhi Healthcare, the Irish state-owned medical insurer, extended a reinsurance accord with Warren Buffett’s Berkshire Hathaway Inc. as it seeks to move risk from its balance sheet and avoid a taxpayer...
U.N. Climate Talks Fracture over Future of Carbon Markets
Jun 16 2014 // The use of carbon markets to curb rising greenhouse gas emissions was dealt a blow on Sunday after two weeks of United Nations talks on designing and reforming the mechanisms ended in deadlock. The negotiations, held as...
Best to Endorse Selected Ratings outside EU for Regulatory Use
Jun 16 2014 // A.M. Best Europe – Rating Services Limited (AMBERS) has confirmed that it has notified the European Securities and Markets Authority (ESMA) that, effective immediately, “AMBERS intends to endorse selected...
Heat Wave, Thunderstorms Batter Europe: AIR Analysis
Jun 13 2014 // Catastrophe modeling firm AIR Worldwide has analyzed the severe thunderstorms that pummeled western and central Europe, starting on Sunday, June 7. The storms packed “extremely strong and damaging winds, large hail,...
In Search of the Best Defense Against Corporate Cyber Crime
Jun 11 2014 // With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is...
Willis Names Tech, Media, Telecom Leaders – Srail for No. Am. Motzfeldt for Europe
Jun 10 2014 // Willis Group Holdings announced that it has reinforced its position as a risk adviser and insurance broker for the technology, media and telecommunications (TMT) sector with the appointment of new regional leaders for...
Disaster Cost Has Quadrupled Since 1980s: EU Commissioner
Jun 8 2014 // The average annual cost of natural disasters has quadrupled over the last three decades and it makes economic sense to boost spending on preparedness to ensure a stable future, a senior European official said last...
AIG Appoints McNamee as UK Managing Director
Jun 6 2014 // AIG in Europe announced the appointment of Jacqueline McNamee as Managing Director, UK Zone, reporting to Anthony Baldwin, Managing Director and Head of Distribution, EMEA. She is replacing Nicolas Aubert, who has become...
ING to Sell Shares in NN Insurance Unit as Soon as July
Jun 5 2014 // ING Groep NV, the biggest Dutch financial services company, confirmed its plans, first made public last week, to sell shares of its European insurance unit in an initial public offering, which it has now announced could...
