European market News

Willis Re Appoints Hannover Re’s Carroll to Western Europe Team

Willis Re has appointed Ronnie Carroll as head of Structured Solutions for Europe West and senior UK client advisor. He will report to Alkis Tsimaratos, managing director, head of Europe West. Carroll joins from Hannover Re where he was a …

Liberty Specialty Markets Appoints Sinz as Head of Europe

London-based Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kadidja Sinz to the new role of head of Europe. Sinz will be responsible for leading and directing the specialty and commercial insurance business in Continental Europe. …

BHSI Opens German Office, Fills Key Roles in Northern Europe

Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has opened an office in Düsseldorf, Germany, and filled key executive roles in Northern Europe. “We are laying the foundation to …

Solvency II Will Increase Reinsurance Buying Demand: Fitch

Solvency II will increase insurers’ demand for reinsurance products as they seek to strengthen their capital positions via risk transfer, according to a report published by Fitch Ratings. Reinsurance can help reduce volatility or improve the certainty of cash flows, …

BHSI to Expand Specialty Business into Europe; Bolt & Koehler to Lead Operations

Berkshire Hathaway International Insurance Ltd. announced it will offer a specialty insurance solution to Europe with its affiliate, Berkshire Hathaway Specialty Insurance, subject to regulatory approval. Tom Bolt has been named as president, UK and Southern Europe, effective June 1, …

‘Brexit’ Will Create Real ‘Risks & Uncertainties’ for Lloyd’s & London Market

A UK exit from the European Union will create a “rarely experienced” level of uncertainty for Lloyd’s, the London market as well as the UK and other European economies, according to Sean McGovern, Lloyd’s chief risk officer and general counsel. …

Chubb Names Country Presidents to Lead Continental European Operations

Chubb has appointed the country presidents who will lead its operations in Continental Europe, with immediate effect. The country presidents will report to Jeff Moghrabi, division president, Continental Europe. These and other appointments in the region are listed below: France.Nadia …

RSA Appoints Stewart as Chief Risk Officer for UK and Western Europe

London-based RSA has appointed Doug Stewart to the new role of chief risk officer for the UK and western Europe. Stewart will be responsible for the governance of significant risks to the UK and Western European businesses, including strategic, insurance, …

ACE Appoints Two Senior Leaders in European Management Team

ACE Group announced two appointments within its European management team, with immediate effect. Drazen Jaksic, currently executive vice president for Combined Insurance in Europe and Asia Pacific, has been appointed to the role of senior vice president, Accident and Health …

ACE Appoints Leadership Team for Chubb Group’s European Division

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, Finland, France, Germany, Gibraltar, Hungary, Ireland, Italy, Netherlands, …