All the headlines from our Europe Topic Page, ordered by recency.
Jul 8 2013 // Swiss Re has estimated that its claims burden from recent flooding in central and Eastern Europe is approximately $300 million, net of retrocession and before tax. Industry-wide insured losses are estimated to be between...
Jul 3 2013 // The world suffered unprecedented climate extremes in the decade to 2010, from heatwaves in Europe and droughts in Australia to floods in Pakistan, against a backdrop of global warming, a United Nations report said on...
Jul 2 2013 // London-based specialty insurer Markel International Limited has appointed Mike Richardson as European retail claims manager. Previously claims manager for Markel International’s UK retail division, a position he held...
Jun 28 2013 // President Barack Obama on Thursday cut off longtime U.S. trade benefits for Bangladesh in a mostly symbolic response to dangerous conditions in that country’s garment industry that have cost more than 1,200 lives in...
Jun 26 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS), and...
Jun 25 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1225, which is...
Jun 20 2013 // A.M. Best Co. has downgraded the financial strength rating to ‘B’ (Fair) from ‘B+’ (Good) and issuer credit rating to “bb+” from “bbb-” for American European Insurance...
Jun 20 2013 // “Public disclosure of a company’s social issues is good, but by itself does not show that the risks are under control,” the Federation of European Risk Management Associations (FERMA) has told the...
Jun 20 2013 // Catastrophe modeling firm AIR Worldwide estimates that insured losses in Germany from the recent floods in Central Europe are between €4.0 billion [$5.28 billion] and €5.8 billion [$7.66 billion]. The overall economic...
Jun 18 2013 // The XL Group announced that it has appointed Valérie Devaux-Piquer to the position of Casualty Underwriting Manager, Europe, Reinsurance, effective Sept. 1, 2013.She will take the place of Dieter Kohl, who retires this...
Jun 18 2013 // MAPFRE GLOBAL RISKS announced plans to “enter into new markets and grow in those where it has not consolidated its presence yet,” beginning with efforts to “increase its business operations in...
Jun 17 2013 // The United States and the European Union launched negotiations for the world’s most ambitious free-trade deal on Monday, promising thousands of new jobs and accelerated growth on both sides of the Atlantic.Trade...
Jun 17 2013 // Following its ratings report for the ACE Ltd. Group, A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A+’ (Superior)...
Jun 14 2013 // A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating to “a” from “a-” of...
Jun 14 2013 // Allianz SE, Europe’s biggest insurer, said preliminary estimates show its net losses from the flood claims in Germany, Austria and part of Central Europe are 350 million euros ($467 million).The gross impact, before...
Jun 12 2013 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its annual report on the insurance industry to the President and Congress.Under the Dodd-Frank Wall Street Reform and Consumer...
Jun 10 2013 // PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced the release of satellite-based flood footprints for the ongoing floods in Central Europe, concentrated on...
Jun 7 2013 // The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger.Insured losses may reach 2...
Jun 6 2013 // Severe weather in May caused an estimated $4 billion in insured damage in the U.S. alone and billions more in economic losses around the globe, according to an Aon Benfield report.The Global Catastrophe Recap by Aon...
Jun 6 2013 // Firefighters, soldiers and volunteers in eastern Germany toiled through the night to defend against floods that have submerged towns, villages and farmlands for the second time in 11 years.Crews in Dresden, home to the...