All the headlines from our Europe Topic Page, ordered by recency.
Jul 22 2015 // Paris-based AXA has entered into exclusive negotiation with Genworth Financial to acquire 100 percent of Genworth Lifestyle Protection Insurance (Genworth LPI), for a total cash consideration of 475 million euros.Genworth...
Jul 20 2015 // A sweeping global reform of tax systems is under way and will have profound implications for the insurance industry, the London-based International Underwriting Association has warned.Responding to public concerns about...
Jul 17 2015 // A European task force set up to look into safety after the Germanwings crash on March 24 has made six recommendations that will now be reviewed by the European Commission.The task force representing airlines, crew, doctors...
Jul 15 2015 // Willis Group Holdings Plc has hired Brian Shea as head of Europe for the investment banking division as the insurance broker seeks to arrange more deals.Shea, 49, joins from reinsurer SCOR SE. He was previously the head of...
Jul 14 2015 // Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich Re.Total natural...
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...
Jul 10 2015 // A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as...
Jul 7 2015 // A list, compiled by the ACE European Group, sets out the “new wave of interrelated, fast-changing risks, reflecting rapid changes in the global economic landscape and the increasing role of technology and...
Jul 7 2015 // Swiss Re Corporate Solutions announced that it has opened an office in Madrid, Spain, to reinforce its presence in the Iberian Peninsula. It will offer the company’s range of products and customized services via a...
Jul 2 2015 // It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until...
Jul 1 2015 // DUAL Group, the underwriting arm of Hyperion Insurance Group, announced its launch into Central and Eastern Europe (CEE), following the acquisition of the majority stake of Toruń, Poland-headquartered insurance...
Jun 29 2015 // China is seeking a fair, global system to tackle climate change and is about to make a joint announcement on the environment, Chinese Premier Li Keqiang said before a summit in Brussels with top European Union officials on...
Jun 26 2015 // The European Union’s plan for a unified capital market needs more work to protect investors from losses if it is to provide the economic boost policymakers’ are hoping for, a top British regulator said on...
Jun 24 2015 // The global insurance industry gained momentum in 2014, with total direct premiums increasing by 3.7 percent to $4.778 trillion after having stagnated the previous year, according to Swiss Re’s latest...
Jun 23 2015 // The low interest rate environment represents a significant challenge for insurers, according to a report published by A.M. Best.“European insurers are struggling to generate investment income as the majority of their...
Jun 23 2015 // Over 30 years ago, Karen Clark produced the first catastrophe model – for hurricanes. Since then the use of these valuable tools has changed the face of the re/insurance industry. They are indispensable for the...
Jun 22 2015 // CNA Hardy has appointed Andy Clements as distribution director, Europe. He will report to Elliot Miller, head of UK regions and Luc Malâtre, VP field operations.Clements will be responsible for building effective and long...
Jun 19 2015 // QBE European Operations has announced plans to grow its casualty business in the MENA region. Laetitia Parfitt joined the team in Dubai this week as senior casualty underwriter. Parfitt will be responsible for developing...
Jun 16 2015 // Low interest rates together with highly liquid and stable financial markets have prompted European insurers to tap the capital markets in their efforts to lower the cost of capital and optimize levels of risk-adjusted...
Jun 15 2015 // The vast majority of UK businesses (70 percent) are failing to address the importance of embedding a positive risk culture*, according to survey conducted by UK business insurance specialist QBE European Operations, which...