Latest Greece Headlines
All the headlines from our Greece Topic Page, ordered by recency.
Update: Massive Search Continues for Wreckage from Missing EgyptAir Flight
May 19 2016 // The disappearance of an EgyptAir jetliner carrying 66 people over the Mediterranean Sea triggered a massive search for evidence amid concern that a deliberate act may have knocked the plane from the sky. The Egyptian...
Greek Shipowner Arrested for Fraud After Insurers Question Alleged Pirate Attack
Apr 13 2016 // A Greek shipowner was arrested by London police as he left court after testifying in a $77 million lawsuit against the insurers of a ship that was allegedly damaged by pirates off the coast of Yemen. Police officers told...
Greece’s Eurobank to Sell 80% Stake in Insurance Unit to Fairfax for $345 Million
Dec 23 2015 // Greece’s third-largest lender Eurobank agreed to sell an 80 percent stake in its Eurolife ERB insurance subsidiary to Canada’s Fairfax Financial Holdings Ltd for €316 million ($345 million) on Tuesday,...
University in West Virginia to Require Risk Management Training of Greek System
Sep 14 2015 // Marshall University is requiring its fraternity and sorority chapters to undergo training for risk management and party hosting after hundreds of students had to be dispersed by police last month. Marshall says in a news...
Munich Re’s ERGO May Cancel Purchase of Greek Insurer on Instability
Jul 10 2015 // Munich Re’s ERGO Insurance unit may cancel its planned 90.1 million euro ($100 million) acquisition of Greece’s ATE Insurance SA if the country doesn’t return to stability. “Depending upon how the...
A.M. Best: Eurozone Insurers Remain Robust Despite Instability in Greece
Jul 10 2015 // The impact of Greece exiting the eurozone is likely to hit market confidence in the region, although (re)insurers operating in the economic bloc are well positioned to withstand a continued period of volatility, according...
Fairfax’s Potential Hit from Greek Exposure to be Limited – RBC Report
Jun 30 2015 // Fairfax Financial Holdings, which bet on a successful turnaround in Greece in 2014, stands to take a hit from a Greek default, but one-time gains and other factors are likely to soften the blow, the Royal Bank of Canada...
European Central Bank Warns of Risks to Insurers of Low Interest Rates
May 29 2015 // The European Central Bank said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the euro zone’s...
Allianz’s El-Erian Cites ‘Illusion of Liquidity’ as Biggest Market Risk – CNBC
Feb 18 2015 // Mohamed El-Erian, chief economic adviser at Allianz SE, said Tuesday that Ukraine and Greece are major market risks, but that the biggest risk is the “illusion of liquidity.” “The biggest risk is this...
Opinion: ECB QE, Small, but Imperfectly Formed: James Saft
Jan 26 2015 // QE [quantative easing], European Central Bank style, passed the markets test but will have a harder time doing as well for the euro zone economy or the currency union project. Mario Draghi’s plan to buy €60 billion...
Hundreds Saved From Italian Ferry; 8 Fatalities and Some Feared Missing
Dec 30 2014 // Eight people died and several may be missing after rescue teams completed the evacuation of 427 people following a fire on an Italian ferry traveling from Greece to Italy, defying rough seas and high winds. “It has...
Italian Ferry Fire Under Control, Rescue Effort Continues
Dec 29 2014 // Italian rescue teams evacuated 340 passengers amid rough seas and high winds from an Italian ferry after a fire broke out yesterday during a route off the Greek island of Corfu. An operation led by Italy put out the fire...
University of Virginia Fraternities to Be Reinstated Jan. 9
Dec 9 2014 // The University of Virginia will lift a ban on its more than 30 fraternities and related activities, in place since Nov. 22, on Jan. 9, President Teresa A. Sullivan said. The reinstatement will be in conjunction with a new...
UVA May Extend Ban on Fraternity Activities as Board Pledges Improved Safety
Nov 26 2014 // University of Virginia leaders said Tuesday that a ban on fraternity activities may be extended and pledged to increase campus safety and change the school’s sex, alcohol and fraternity culture after a searing report...
Aon Benfield Buys Safe Brokers to Enhance Presence in Greece, Cyprus
Nov 4 2014 // Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has acquired Safe Brokers to strengthen its investment in the Greek and Cypriot markets. Safe Brokers is an independent reinsurance broker with...
Colleges Look to Control Fraternities, Hazing As Tragic Incidents Multiply
Sep 29 2014 // The death of a Clemson University sophomore is the latest incident to raise alarms about safety at fraternities on U.S. campuses, with more colleges cracking down on dangerous behavior. Clemson, in South Carolina, said...
Allianz, Munich Re’s Ergo Said to be in Talks to Buy Greek Insurer Agrotiki
Jun 18 2014 // Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar...
Campus Culture Change: ‘Deadliest’ College Fraternity Nixes Pledging
Mar 10 2014 // Sigma Alpha Epsilon, one of the largest U.S. fraternities and the deadliest, said it would ban pledging, citing the toll that hazing has taken on its recruits and its reputation. SAE announced yesterday what it called a...
INTERVIEW-Greece, BlackBerry, Ireland – ‘Cautious’ Bets for Canada’s Fairfax
Dec 5 2013 // Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a “cautious” strategy he employs to manage Fairfax Financial’s $23.3...
OECD Advises ECB to Come to Euro Zone’s Rescue Again
May 29 2013 // The European Central Bank, which shored up the euro zone last year, needs to act again to lift the bloc out of recession, the OECD said on Wednesday, calling for bold steps beyond just interest rate cuts. The 17-nation...
