Europe News

Survey Shows Europe’s Top 10 P&C Insurers Grew Premiums by 5.2% in 2010

Spain’s MAPFRE has published its 7th annual survey of Europe’s non-life insurers, ranking them by gross premiums written. The survey found that “all the companies achieved an increase in premium revenues as well as excellent results, especially driven by their …

Accounting Issues Could Stall France’s Greek Debt Plan

Accounting issues remain a formidable obstacle facing private sector investors currently considering the French banking sector’s plan for restructuring Greek government debt. The plan’s focus was initially on how to avoid triggering credit default swaps written on Greece, and preventing …

S&P Reports European Insurers Still ‘Nervous’ Despite Gains

Standard & Poor’s Ratings Services has issued a report which “discusses why it thinks the European insurance industry seems nervous as it enters the second half of 2011.” The report – “European Insurance Credit Trends: Despite Strong Balance Sheets, Insurers …

Many Aon Benfield Conference Delegates See 2014 Better for Solvency II Start

FERMA Elects New Board Members

The Federation of European Risk Management Associations (FERMA) has elected three new board members who will serve from now until June 2014. They are: Helle Friberg of the Danish association DARIM Igor Mikhaylov from the Russian association RUSRISK Arnout van …

Amy Winehouse’s European Tour in Doubt; Insurance Coverage Too

The video is painful to watch, an artistic train wreck for all to see. The question is what Amy Winehouse is going to do next. The five-time Grammy Award winner, whose battles with alcohol and drug abuse have long overshadowed …

Everest Re Names Gourgeon as European General Manager

The Bermuda-based Everest Re Group has appointed Jean-Luc Gourgeon to the position of European General Manager, based in London. He most recently served as the Chief Underwriting Officer for PARIS RE Group and CEO of PARIS RE France, having spent …

Travelers Europe Appoints Felisky as Chief Risk Officer

Travelers Europe announced that Kendra Felisky has been appointed to the “newly created position of Chief Risk Officer, Europe, covering both Travelers Syndicate Management and Travelers Insurance Company.” She will be responsible for enterprise risk management in Europe “including the …

Europe’s Lethal E.coli Strain May be Deadliest Yet

More than 1,600 people have been infected by a toxic strain of E.coli bacteria that has killed at least 17 and may be the deadliest yet in human history, health officials said on Friday. Germany is at the center of …

Eurocontrol: No Major Ash Impact on Air Traffic

No significant disruptions of air traffic are expected in Europe in coming days as a result of volcanic activity, Eurocontrol said Thursday. The air traffic agency said activity from Iceland’s Grimsvotn volcano has declined sharply. “As a result, there are …