All the headlines from our Europe Topic Page, ordered by recency.
May 25 2012 // European Union backing for extra infrastructure finance may sound like a deliberate distraction from deadlock over much bigger euro bonds, but in fact it is a great idea – the trouble is the tiny sums involved and...
May 23 2012 // The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products...
May 22 2012 // The U.S. Senate unanimously approved on Monday a package of new economic sanctions on Iran’s oil sector just days ahead of a meeting in Baghdad between major world powers and Tehran.The sanctions add to a raft of...
May 22 2012 // Euler Hermes, the world’s No. 1 trade credit insurer, said it might restrict the cover it provides to exporters doing business with Greece, citing fears the debt-laden nation could be forced out of the...
May 22 2012 // The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday.In its...
May 18 2012 // Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common...
May 17 2012 // PERILS, the Swiss-based insurance data provider, reports that “in contrast to an unusually quiet European windstorm season in 2010/11, the 2011/12 season was very active.” PERILS said it had “investigated...
May 17 2012 // SaveOurSeafarers, the organization that supports anti-piracy measures and aids the crews who are taken by pirates, has expressed its approval of the air strikes carried out by the naval forces of the European Union on...
May 17 2012 // Iranian petrochemical exports have plunged nearly 90 percent in the last two weeks as most maritime firms, including those in Iran, cannot find insurance to transport the cargo due to EU sanctions, according to traders and...
May 16 2012 // The European Union’s naval force off the Somali coastline on Tuesday carried out its first air strikes against pirate targets on shore, officials said.Maritime aircraft and attack helicopters took part in the attacks...
May 15 2012 // If European countries are not prepared to bail out fellow euro zone members, maybe they should just abandon the whole concept of a common currency, Canadian Finance Minister Jim Flaherty said on Monday in some of his most...
May 14 2012 // The European Commission on Friday approved a restructuring plan for Dutch bank and insurer ING made during the financial crisis as compatible with the European Union’s internal market, but also opened an...
May 11 2012 // European ship owners could violate impending EU sanctions against Iran without even knowing it every time they set sail, leaving them vulnerable to being blacklisted, the managing director of leading industry group...
May 9 2012 // The UK is seeking to persuade fellow European Union members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian oil, arguing that it could lead to a damaging spike in oil prices,...
May 9 2012 // The UK’s Financial Services Authority (FSA) announced that it has fined Mitsui Sumitomo Insurance Company (Europe) Ltd (MSIEu) £3.345 million [$5.4 million] “for serious corporate governance failings, and...
May 7 2012 // EU nations are dithering over how to fill a multi-billion-euro fund to help tackle climate change, just as the region’s executive body hosts talks with countries likely to bear the brunt of extreme weather.The...
May 7 2012 // Swiss Re Ltd. Announced that it has secured $400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd., which it described as a “flexible program that allows Swiss Re to cede wind risks in...
May 3 2012 // A court in Mannheim, Germany ruled on Wednesday that Microsoft infringed Motorola Mobility’s patents and ordered Microsoft to remove its Xbox 360 gaming consoles and Windows 7 operating system software from the...
May 2 2012 // Europe looks to be entering a credit crunch, with loans harder to get and those that are made coming on tougher terms.Strikingly, banks are being tight despite falling demand for credit, pointing to a nasty interaction...
Apr 30 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of...