Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Ratings Recap: Ansvar, ARABIA (Jordan), ARABIA (Lebanon), ARABIA (Saudi Arabia), Transmonde
Mar 29 2013 // A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Australia’s Ansvar Insurance Limited, both with stable...
Allianz Seals Deal with Turkey’s Yapı Kredi for Insurance Acquisition/Distribution
Mar 28 2013 // Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty...
Austerity Threatens Europe’s Competitive Edge in Infrastructure
Mar 28 2013 // Europe’s carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world. But thanks to austerity budgets that are slashing infrastructure spending just...
France Threatens to Delay Quick Start of EU-U.S. Trade Talks
Mar 26 2013 // France threatened on Monday to delay the swift start of EU-U.S. trade talks if its red lines on culture and farm produce are not respected. Brussels and Washington hope to start negotiations in June on a transatlantic...
Last Ditch Cyprus Bank Deal Brings Little Relief; Much Uncertainty
Mar 25 2013 // At a Cypriot pawnbroker, one of the few growth industries in Europe’s debt-ridden south, someone had vented the anger of an island: “Thieves” was scrawled across the window, in bright red paint. The...
Supreme Court to Hear Drugmakers’ ‘Pay for Delay’ of Generic Products Case
Mar 22 2013 // The U.S. Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper products off the market. U.S. and state regulators say...
Russia Rebuffs Cyprus Aid; EU Awaits Bailout ‘Plan B’
Mar 22 2013 // Cyprus’ finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a bailout deal with the European Union before Tuesday or face the collapse of its...
Carnival Cruise Ships To Be Out of Service Longer Than Expected
Mar 21 2013 // The Carnival Triumph, which was crippled by an engine fire in the Gulf of Mexico last month leaving 4,200 people stranded for five days, will be out of service longer than initially expected, Carnival Cruise Lines...
FERMA Calls on EU Parliament to Enforce Minimum Disclosure Standards for All Broker Business
Mar 20 2013 // The Federation of European Risk Management Associations (FERMA) is calling on the European Parliament to ensure that all insurance buyers are entitled to a minimum European standard of disclosure in the revised Insurance...
Cyprus Bank Deposit Tax Sets ‘Dangerous Precedent,’ Says IIF Head
Mar 19 2013 // A proposal to impose a tax on bank deposits in Cyprus sets an “incredibly dangerous precedent” and undermines confidence built up in recent months over Europe’s handling of its debt crisis, the head of a...
Aon Unveils 2013 Interactive Political Risk Map; Focus on Emerging Markets
Mar 19 2013 // To complement its print version, Aon Risk Solutions, the global risk management business of Aon plc, has unveiled a new online and interactive political risk map with data going back more than 15 years. Aon explained the...
More U.S. Than European Drivers on Phone: Study
Mar 19 2013 // Distracted driving is more widespread in the U.S. than in Europe, according to a study that surveyed drivers about their cellphone and texting habits. More U.S. drivers reported talking on their cellphones behind the wheel...
National Weather Service Chief Focused on Improving Forecasting
Mar 14 2013 // Computing power gives Europeans a commanding advantage when it comes to weather forecasting and storm tracking, but the new head of the National Weather Service hopes to see the United States regain its leadership in that...
Finaccord Reports on Bancassurance in Global Markets
Mar 14 2013 // A new report from UK based market research, publishing and consulting firm Finaccord notes that “emerging markets in the Asia-Pacific region and Latin America offer the most growth potential for bancassurers but the...
Aon Benfield’s Impact Forecasting Launches New Cat Scenario Models
Mar 14 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a suite of new scenario models to generate loss estimates for specific historic or hypothetical events. The bulletin...
India Set to Halt Iran Oil Imports over Refinery Insurance Coverage
Mar 8 2013 // India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on...
EU Parliament Head Sees ‘Enormous Opportunity’ in U.S. Trade Deal
Mar 8 2013 // The head of the European parliament has come out firmly in favor of a trade deal with the United States, soothing concerns that the increasingly influential body could block a deal on which talks are due to start in...
EU Fines Microsoft $731 Million for Breaking Browser Choice Promise
Mar 6 2013 // The European Union fined Microsoft Corp €561 million [$731.5 million] on Wednesday for failing to offer consumers a choice of web browser, a charge that will act as a warning to other technology firms involved in...
Sources: Spain’s Bankinter, Apollo Global Team up to Bid for Generali’s BSI Bank
Mar 5 2013 // Spain’s Bankinter has joined forces with U.S. investment fund Apollo Global Management to bid for Italian insurer Generali’s Swiss private bank BSI in a deal worth up to €2 billion ($2.6 billion), three...
Willis Changes Management for Central, East Europe; Middle East, Africa
Mar 5 2013 // Willis Group Holdings announced that Toby Wemyss has been appointed as Regional CEO of the Group’s Central and Eastern Europe, Middle East and Africa operations, effective April first. He will be based in London and...
