All the headlines from our Europe Topic Page, ordered by recency.
Aug 15 2011 // Oakland-based catastrophe modeling firm EQECAT has provided risk modeling services to Electricité Réseau Distribution France S.A. (ERDF) for the issuance of a €150 million [$216 million] catastrophe bond transferring...
Aug 12 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of the UK’s Sunderland Marine Mutual Insurance...
Aug 9 2011 // An article on the Lloyd’s web site notes that “news reports on climate change have focused on dire predictions of more hurricanes and increasing flooding due to rising sea levels. But subsidence caused by...
Aug 5 2011 // Allianz and Generali followed rivals in aggressively writing down holdings of Greek government bonds on Friday, fuelling investor concerns about the possible impact on insurers of a worsening sovereign debt crisis.Analysts...
Aug 4 2011 // European shares held steady on Thursday, as strong earnings from insurers provided ballast and hopes that the European Central Bank could show readiness to buy bonds offset worries about slow economic growth in the...
Aug 4 2011 // ING will not be launching a stock market flotation for its insurance operations any time soon and trade buyers are expressing interest, the Dutch bancassurer said on Thursday.European Commission regulators seeking payback...
Aug 3 2011 // The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy mustache and smokes his fair share of cigarettes. Beyond that, he is a mystery,...
Aug 2 2011 // ING could get a far bigger pay-out if it ditched a plan to spin-off its Asian and European insurance units as a single stock market-listed business and instead chose buyers from a long list of interested parties.A trade...
Jul 26 2011 // A.M. Best Europe – Rating Services Limited has removed from under review with negative implications and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of...
Jul 26 2011 // The Federation of European Risk Management Associations (FERMA) has told the European Commission that it should start with “implementation and robust enforcement” of existing EU corporate governance rules on...
Jul 25 2011 // Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Audrey Mondin as Environmental Impairment Liability Underwriter in its Paris Office.LIU said the move resulted from...
Jul 25 2011 // A.M. Best Co. announced that Stefan Holzberger has joined A.M. Best Europe – Rating Services Limited as managing director, analytics. He will be based in London and will report directly to Roger Sellek, CEO –...
Jul 25 2011 // Dutch bancassurer ING is to sell most of its Latin American operation to Colombia’s GrupoSura for 2.6 billion euros ($3.7 bln) in a deal resulting from its state rescue in 2008.ING agreed to split its bank and...
Jul 22 2011 // Major European banks have limited their losses on Greek bonds to just over €5 billion [$7.2 billion] after negotiating a 21 percent haircut on their debt holdings as part of a rescue plan.France’s BNP Paribas is...
Jul 22 2011 // According to new research issued by financial services market research consultancy Finaccord, the market for extended warranties and insurance related to mobile and non-mobile consumer products in Europe was worth around...
Jul 21 2011 // Aon Risk Solutions, the global risk management and insurance brokerage business of Aon Corp., announced three senior-level appointments for Aon GRIP Solutions in Europe, the Middle East and Africa.Aon GRIP Solutions...
Jul 18 2011 // Pressure on Europe’s banks to raise more capital increased on Monday after last week’s stress tests revealed their holdings of European sovereign debt, with likely losses on Greek bonds a growing concern.A...
Jul 18 2011 // German insurer Allianz , owner of the world’s largest bond investor Pimco, favors private investors writing off 25-30 percent of Greece’s debt, company managers were on Monday quoted as saying.Three weeks of...
Jul 14 2011 // PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced that it has extended its market coverage to include Norway and Sweden.The two Nordic markets are in addition to...
Jul 14 2011 // Standard & Poor’s hit back at criticism over the credit rating agencies’ role in the euro zone debt crisis on Thursday, with its German operations head saying rating agencies would lose credibility if they...