Specialist insurer Genworth has announced the full placement of a new reinsurance treaty for mortgage insurance (MI) in Europe. The bulletin said the “deal is the first of its kind in Europe,” and that it demonstrates “a new confidence amongst …
The risk management associations of Malta (MARM) and Slovenia (SI.RISK) have been accepted as the latest members of the Federation of European Risk Management Associations (FERMA). Their adhesion brings to a total of 19 the number of countries whose risk …
Standard & Poor’s downgrading of Italian debt hit the euro on Tuesday, although stock investors shrugged off the move to push European stocks higher. Markets remain on edge about Greece’s rickety finances and French banking stress and world stocks as …
Generally speaking the reinsurance industry is in good shape, certainly better than it was in 2008 and 2009, when even mighty Swiss Re needed a bailout from Berkshire Hathaway. A combination of improved models and a greater understanding as to …
Catastrophe risk modeling firm AIR Worldwide has released updates to its Extratropical Cyclone and Earthquake Models for Europe. AIR said it had “significantly expanded” both models to include additional European countries and provide a “consistent and comprehensive assessment of the …
Allied World Assurance Company Holdings, AG announced that Kurt Fleischmann has joined Allied World Europe as Vice President, General Casualty & Professional Lines. He will be based in Zug, Switzerland where Allied World launched a new direct insurance underwriting platform …
Germany plans to lobby other European Union countries to allow the deployment of private armed guards on their merchant ships in high-risk areas as a piracy crisis escalates, ministry officials said. But analysts said the initiative was likely to face …
The leaders of France and Germany face a stark choice in talks on Tuesday over whether to begin steering the embattled euro zone towards closer fiscal union or risk watching the bloc unravel. French President Nicolas Sarkozy and German Chancellor …
An article on the Lloyd’s web site notes that “news reports on climate change have focused on dire predictions of more hurricanes and increasing flooding due to rising sea levels. But subsidence caused by drought, which has already become a …
Allianz and Generali followed rivals in aggressively writing down holdings of Greek government bonds on Friday, fuelling investor concerns about the possible impact on insurers of a worsening sovereign debt crisis. Analysts say major European insurers have moderate exposure to …
