All the headlines from our Europe Topic Page, ordered by recency.
Dec 12 2013 // A.M. Best Europe – Rating Services Limited has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) of...
Dec 12 2013 // Low interest rates are the biggest risk for European insurers and pension funds, weighing on sales of retirement products, the region’s top industry supervisor said.Interest rates are “putting pressure mostly...
Dec 11 2013 // Chinese hackers eavesdropped on the computers of five European foreign ministries before last September’s G20 Summit, which was dominated by the Syrian crisis, according to research by computer security firm FireEye...
Dec 11 2013 // Catastrophe modeling firm AIR Worldwide has issued a report on the aftermath of Extratropical Cyclone Xaver, which affected large parts of northern Europe, particularly the United Kingdom, Northern Ireland, Germany, the...
Dec 10 2013 // New research by market research consultancy London-based Finaccord forecasts that the market for professional indemnity insurance across ten European countries – namely, Austria, Belgium, France, Germany, Italy,...
Dec 6 2013 // A report from catastrophe modeling firm AIR Worldwide notes that Winter Storm Xaver hit the north of Scotland last night, Thursday the 5th of December, with wind gusts of more than 140 mph (225 km/h), recorded in the...
Dec 6 2013 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has issued its initial loss estimate for windstorm Christian, which affected Western and Northern Europe from 27 to...
Dec 5 2013 // Argo Surety, a division of Argo Group International Holdings, Ltd., now has the capability to issue surety bonds throughout the European Union (EU). Policies will be written through Argo Group’s European subsidiary,...
Dec 5 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Hiscox Insurance Company (Bermuda)...
Dec 5 2013 // Tokio Marine Europe and Kiln, both of which are part of the Tokio Marine Group, announced their intention yesterday to join forces to form a new combined operation as of the first of January 2014, subject to regulatory...
Dec 2 2013 // A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers’ unease over providing cover.A deal...
Nov 27 2013 // The European Central Bank said the risk to financial stability from global market turbulence has increased in the past six months, even as measures of systemic stress have declined.The market turmoil earlier this year amid...
Nov 27 2013 // Assicurazioni Generali SpA, Europe’s third-largest insurer, plans to cut an extra 150 million euros ($204 million) of costs by 2015 and reduce debt to boost profit and strengthen capital.The company increased its...
Nov 26 2013 // China and India’s success in weakening the latest global warming agreement created friction with other developing nations that are seeking to step up the fight against climate change.The two countries insisted on...
Nov 25 2013 // Iran’s nuclear deal with the West is not intended to let more of its oil into the market, the White House said, but an easing of the ban on European shipping insurance may help smooth crude exports to its big Asian...
Nov 22 2013 // Envoys from 190 nations are close to agreeing upon the first building blocks for the next treaty aimed at fighting global warming, sketching the way to worldwide cuts in fossil-fuel emissions.The delegates, due to finish...
Nov 21 2013 // A.M. Best Europe has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Co. and its subsidiaries. Best also affirmed all...
Nov 21 2013 // Allied World Assurance Company Holdings, AG announced that Denis Burniston has been appointed senior vice president, General Casualty, for Allied World Europe to lead the company’s primary casualty operation in...
Nov 21 2013 // German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer “false stimulus” and that monetary policy alone would not...
Nov 20 2013 // Allianz SE, Europe’s biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit.“New...