Europe News

Finaccord Forecasts Growth for Europe Professional Indemnity Coverage

A new study from financial market research consultants Finaccord forecasts that the market for professional indemnity insurance across ten European countries – Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Sweden, Switzerland and the UK – will be worth around €7 …

Liberty International Underwriters in Europe Launches Football Charity Appeal

The London office of Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, announced that it is organizing a charity football match at Charlton Athletic’s Valley ground on Thursday May 19 at 3pm, in a bid …

ACE Appoints Cote Continental Europe Financial Lines Manager

The ACE group has announced the appointment of Nadia Cote to the position of Financial Lines Manager for Continental Europe (CE) and Central and Eastern Europe (CEE). She will report to Serge Osouf, Executive Vice-President CE/CEE and Senior Advisor Emerging …

Genden Appointed CEO of Travelers Europe

The Travelers Companies announced that Sean Genden has been named CEO of Travelers Europe, charged with supporting its “strategic and growth initiatives in the European property and casualty market.” He previously served as COO of Travelers Europe, and will now …

Willis Re Upbeat on S&P’s New Insurer Capital Model

After several years of uncertainty, coupled with no small amount of angst, Willis Re, the reinsurance broker for Willis Group Holdings, has published a reassuring report on Standard & Poor’s new criteria for assessing insurers’ economic capital models. Willis Re …

EU Regulator: ‘No Major Threat’ to Europe’s Insurers from Japan Crisis

European insurers face no major threat from the turmoil ensuing from last week’s earthquake and tsunami in Japan, the European Union’s insurance watchdog said on Thursday. “From a European viewpoint, the impact is not severe, it is under control and …

Study Finds Auto Insurance and Services Add Profits for Car Makers, Dealers

Sales by car manufacturers and dealers of additional services to car buyers may mean the difference between profit and loss. A new study from the financial market research group Finaccord concluded that sales of “motor [auto] insurance, extended warranties, pre-paid …

Lockton Warns Europe Organizations are on ‘Borrowed Time’ for Data Breaches

A new white paper from international brokers Lockton – Exposed in Europe, Data Breaches and Their Impact in a Changing Legal and Regulatory Environment – warns European organizations that “prefer not to notify data breaches are living on borrowed time.” …

Cooper Gay Launches European Markets Integrated Trading Unit

London-based Cooper Gay, an independent global wholesale, reinsurance and specialist retail insurance broker, has launched Cooper Gay European Markets, which it describes as an “integrated trading unit to provide clients with a consistent, timely and balanced service for their risk …