Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Ebix Europe to Provide Tech Services for Ropner Insurance Services
May 1 2013 // Ebix Europe, a subsidiary of Atlanta-based Ebix, Inc., which provides global insurance trading platforms and messaging products, has been appointed by marine broker Ropner Insurance Services to provide its London market...
EU to Ban Neonicotinoid Pesticides Blamed for Harming Bees
May 1 2013 // The European Union will ban three of the world’s most widely-used pesticides for two years because of fears they are linked to a plunge in the population of bees critical to the production of crops. The executive...
‘Business As Usual’ Following Departures of AIG Execs
Apr 29 2013 // American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway. “It’s...
EU Supports French Demand; Trade Talks with U.S. Should not Cover Culture
Apr 26 2013 // European Union lawmakers have backed French demands to exempt culture from a proposed free-trade pact between Europe and the United States, keeping Paris on side and raising the chances that the talks can start on...
ABI Reports UK is the ‘Whiplash Capital of Europe’
Apr 22 2013 // Research from the Association of British Insurers highlights the fact that the UK is the ‘Whiplash Capital of Europe’. According to the ABI “eight in ten personal injury claims following road traffic...
U.S., UK Want Financial Services Included as Part of Trade Pact
Apr 19 2013 // The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British Ambassador to the United States said on Thursday. The...
Ratings Recap: GIG-Egypt, Univé Her, Infrassure
Apr 19 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of Arab Misr Insurance Group S.A.E. (GIG-Egypt), both with...
Chubb Europe Makes Management Changes; Marcello for Financial Lines
Apr 16 2013 // Chubb Insurance Company of Europe announced two appointments in its financial lines business. Julie Marcello has been named to the role of European Chubb Specialty Insurance Manager. Chubb Specialty Insurance (CSI) manages...
Best Affirms Samsung Fire & Marine Insurance Company of Europe Ratings
Apr 15 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of...
PCI Urges Progress on U.S.-EU Trade Pact for Trans-Atlantic Insurance Market
Apr 12 2013 // The Property Casualty Insurers Association of America (PCI) has issued a statement urging negotiators to make progress on enhancing the proposed U.S.-EU Trade agreement to include mutual recognition of the U.S. and EU...
U.S. Chamber Joins Partners to Support Transatlantic Trade Agreement
Apr 11 2013 // The U.S. Chamber of Commerce said it has “joined with its partners in the Business Coalition for Transatlantic Trade (BCTT) and leaders in government from both the U.S. and EU for an event to formally launch the...
Joint Bonds Needed to Save the Euro Says George Soros
Apr 11 2013 // All euro zone governments need to issue bonds jointly to ensure that the common currency survives the sovereign debt crisis, investor George Soros said on Tuesday. Soros, a liberal philanthropist who rose to fame as an...
U.S. Aims to Reshape World Trade Rules with Regional Pacts Says VP Biden
Apr 10 2013 // The United States hopes to use a proposed regional free trade agreement in the Asia-Pacific and another with the European Union to reshape global rules for trade, Vice President Joe Biden said on Friday. “Our goal is...
ABI Warns Travel Sickness Could Cost Uninsured Brits over $1,300
Apr 9 2013 // Uninsured British travelers who fall ill on their holiday this summer could face an average extra £900 [$1,376] holiday bill according to the Association of British Insurers. The ABI’s bulletin noted that...
German Minister Says Tax Haven Report Will ‘Increase Pressure’
Apr 5 2013 // German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus...
Aon Benfield Cat Report: Severe Winter Causes $1.8bn Econ. Loss in Europe
Apr 5 2013 // The latest catastrophe report for the month of March from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, highlights the sub-freezing temperatures across Europe, which have...
India Plans Reinsurance Pool to Cover Refiners Handling Iran Oil
Apr 3 2013 // India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global...
PERILS Updates European Cat Exposure Database for 2013; 1.9% Rise in Values
Apr 2 2013 // PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has released an update for 2013 of its European Industry Exposure Database, which contains updated market-wide...
Investors Wary of ‘Slow Panic’ on Growth after Cyprus Rescue
Apr 1 2013 // World markets have reacted calmly to the twists and turns of Cyprus’s financial rescue in the last fortnight but many investors fear the economic fallout is yet to come. They have sold European assets, rather than...
Allianz Teams with Borealis Infrastructure to Buy Czech Gas Pipeline Operator
Apr 1 2013 // Germany’s Allianz SE has partnered with Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), to acquire Czech Republic pipeline firm N4G. Each will...
