Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
ECB Decision to Extend Quantitative Easing Hits European Insurers’ Shares
Dec 4 2015 // Shares of European insurers fell after the European Central Bank decided to extend its quantitative easing program until at least March 2017 and broaden the range of assets purchased. The decision is...
ACE Appoints Leadership Team for Chubb Group’s European Division
Nov 24 2015 // ACE Ltd. announced members of the leadership team it intends to appoint for the European Group of the new Chubb Group’s Overseas General Insurance division, which includes Austria, Belgium, Czech Republic, Denmark,...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
U.S. to Pursue Covered Agreement with EU for Re/Insurers
Nov 22 2015 // The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based...
Large British Insurers Get Major Exemption from Proposed EU Audit Rules
Nov 20 2015 // Britain’s biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union rules will...
Buffett’s Favored Banker, Trott, Plans European Expansion with London Office
Nov 19 2015 // Warren Buffett’s favored banker, Byron Trott, is planning to expand his investment and financial advisory firm BDT Capital Partners in Europe with a London office to attract billionaire clients, sources familiar with...
Global Acts of Terrorism Cost $52.9 Billion in 2014 – Highest Price Since 9/11
Nov 17 2015 // In the wake of Friday’s massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York’s Twin Towers. In 2014, acts of terror cost the world $52.9...
It’s 2026, There’s a Food Security Crisis- How Does World Respond?
Nov 12 2015 // The year is 2026. Flooding, worsened by climate change, has devastated Bangladesh and driven millions of hungry refugees to its border with India. Worried about unrest and disease, India asks other nations for help. The...
German Advisers Warn Europe’s Low Interest Rate Policies Risk Financial Stability
Nov 12 2015 // The German government’s panel of economic advisers said on Wednesday the European Central Bank’s low interest rates were creating substantial risks, and Finance Minister Wolfgang Schaeuble warned of a...
Insurance and Safety Issues Delay Iran’s Entry into Global Oil Tanker Market
Nov 12 2015 // Even after Western sanctions are lifted, Iran’s oil tanker fleet is expected to face more hurdles before many of the vessels can start trading again due to insurance hiccups and tougher requirements over sea...
The Perilous North Atlantic – Europe’s War Time American Lifeline
Nov 10 2015 // Crossing the North Atlantic on a modern ocean liner is a pleasant and mostly uneventful experience these days. But gazing into the depths of the presently rather stormy ocean evokes the past, and the deadly conflicts,...
EU Expected to Agree to Securitization Plan by Year End, to Boost ABS Market
Nov 10 2015 // European Union finance ministers should reach a deal by the end of the year on a plan to revamp the securitization market in Europe, the European commissioner for financial services said on Tuesday. The European market for...
Allianz’ Q3 Profit Down 15% as Earnings Decline at P&C, Asset Management Units
Nov 6 2015 // Allianz SE, Europe’s biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset management units declined. Net income fell to 1.36 billion euros ($1.48 billion)...
A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
Nov 2 2015 // Europe’s largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases...
EU, U.S. Insurance Organizations Call for ‘Full Inclusion’ in the TTIP
Oct 16 2015 // The American Insurance Association (AIA), Insurance Europe, and the American Council of Life Insurers (ACLI) have jointly issued a bulletin that reiterates their support “for the full inclusion of insurance in the...
Drugs Prices Much Higher in U.S. Than in Other Countries: Research
Oct 12 2015 // U.S. prices for the world’s 20 top-selling medicines are, on average, three times higher than in Britain, according to an analysis carried out for Reuters. The finding underscores a transatlantic gulf between the...
Willis Launches European Motor Risk Model for 3rd Party Exposures
Oct 12 2015 // Willis Group Holdings plc has launched a modeling tool that enables risk managers to forecast third party motor risk across Europe. The Dynamic Casualty Forecast tool uses Willis’ proprietary data so that a client...
New FERMA President to Focus on Success of Professional Certification Program
Oct 9 2015 // The new president of the Federation of European Risk Management Associations (FERMA), Jo Willaert, says the success of FERMA’s new professional certification program, rimap, is a principal objective of his two-year...
European Property Underwriting Forms Capacity Agreement with 3 Risk Partners
Oct 6 2015 // European Property Underwriting Limited (EPU), a London-based property owners MGA, has secured an exclusive capacity arrangement with three risk transfer partners, led by HDI Gerling, with major co/reinsurance...
ACE Enhances ACE Travel Smart for European Business Travel Insurance Buyers
Oct 6 2015 // ACE Group has launched two further enhancements to its ACE Travel Smart duty of care proposition for European business travel insurance buyers. The first of the new services is an online dashboard for human resources and...
