Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
European Officials Reach Deal on Solvency II Insurance Rules
Nov 14 2013 // European politicians reached an agreement paving the way for new rules designed to make insurance companies safer after 13 years of wrangling with the industry and regulators. The European Commission, European Parliament...
Doubts About CEO’s Controls at Insurer Raised by RSA Irish Accounting Inquiry
Nov 13 2013 // In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and praised his “outstanding record.” Two months later, he suspended...
Europe Appears Close to Agreement on Solvency II Insurance Rules
Nov 12 2013 // Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, companies and regulators. Insurers and European Union officials are working out a...
New UK Financial Watchdogs Face Surge in Staff Turnover: Reuters
Nov 12 2013 // Staff have been quitting Britain’s financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in...
Chubb Appoints Auerbach as European Multinational Solutions Manager
Nov 11 2013 // Chubb Insurance Company of Europe SE announced the appointment of Jan Auerbach to the role of Chubb European Multinational Solutions manager, which offers insurance products and services for companies undertaking business...
Why Honoring Those Who Fought in the ‘Great War’ Remains Important
Nov 11 2013 // Time has taken all those who actually fought in World War I, as well as almost all the people who lived through it. We now examine that war as history, just as we examine other conflicts that have broken out over the...
Windstorm Christian Tops Impact Forecasting’s Monthly Cat Report
Nov 8 2013 // In its monthly Global Catastrophe Recap report Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, highlights the damage caused by Windstorm Christian as it moved across western and...
Allianz Raises 2013 Earnings Goal as Q3 Profit Climbs
Nov 8 2013 // Allianz SE, Europe’s biggest insurer, increased its full-year earnings goal after third-quarter profit rose 6.3 percent, beating analysts’ estimates. Net income advanced to €1.45 billion ($1.946 billion) from...
AIR Estimates Insured Losses from Europe Windstorm at $2-$3 Billion
Nov 7 2013 // Catastrophe modeling firm AIR Worldwide has estimated that insured losses from Windstorm Christian (known as St. Jude in the UK) will range between €1.5 billion €2.3 billion [$2 to $3 billion], with the majority of...
ING to Speed up Reorganization after Revised Deal with EU
Nov 6 2013 // ING Groep NV, the biggest Dutch financial-services company, will complete its reorganization two years earlier than planned after winning regulators’ permission to combine its Japanese insurance unit with European...
Emerging Economies Nearing Half of Global Warming Emissions
Nov 1 2013 // Total greenhouse gas emissions by China and other emerging nations since 1850 will surpass those of rich nations this decade, complicating U.N. talks about who is most to blame for global warming, a study showed on...
Hyperion Insurance Head David Howden on U.S. Expansion by MGA DUAL
Oct 31 2013 // David Howden, the chief executive of the London-based Hyperion Insurance Group, founded the company in 1994, “as a business to take on wholesale products in the international market,” he explained in a...
Zurich Insurance Says ‘Confident’ on Profitability Measure
Oct 31 2013 // Zurich Insurance Group AG, Switzerland’s biggest insurer [3rd largest in Europe], said it is still “confident” its non-life unit can improve a profitability target with cost cutting after it announced in...
UPDATE: AIR Worldwide Reports on European Windstorm Christian
Oct 30 2013 // Catastrophe modeling firm AIR Worldwide continued its analysis of Windstorm “Christian,” which smashed into southern Britain Monday, October 28, knocking over trees, flooding lowlands, and disrupting land, sea,...
Europe Battered by Winter Storm Christian: AIR Worldwide Analysis
Oct 29 2013 // Catastrophe modeling firm AIR Worldwide reported that “winter storm ‘Christian’ (known as ‘St. Jude in the United Kingdom) battered the western shores of southern Great Britain early on Monday,...
Storm Kills Five in UK, Netherlands; Causes Power Cuts, Travel Chaos
Oct 28 2013 // Hurricane strength winds battered Britain and the Netherlands on Monday, killing five people, cutting power and forcing the cancellation of hundreds of flights and train journeys before the storm barreled further into...
AIG Hires XL Group’s Maag as CEO of Europe, Middle East
Oct 25 2013 // American International Group Inc. hired Seraina Maag from XL Group Plc to run the Europe, Middle East and Africa region as Chief Executive Officer Robert Benmosche reshapes the insurer’s leadership. Maag, 45, will be...
ACE Appoints Weirsema to Strengthen Multinational Services in Europe
Oct 22 2013 // The ACE Group announced the appointment of Hendrik-Jan Wiersema as Global Client Executive as it continues to invest in its offering to global clients requiring worldwide insurance programs. ACE explained that its...
Europe a Reinsurance Buyer’s Market Says Willis Re; Rates Down 5-10%
Oct 22 2013 // In a report from Baden-Baden, Willis Re, the reinsurance arm of Willis Group Holdings plc, notes that “increased capacity, competition and changing market dynamics have created a buyer’s market for European...
Say Cheese: EU Strikes Trade Deal with Canada; Looks to U.S.
Oct 21 2013 // The European Union and Canada agreed a multibillion-dollar trade pact on Friday that will integrate two of the world’s largest economies and pave the way for Europe to clinch an even bigger deal with the United...
