All the headlines from our Europe Topic Page, ordered by recency.
Mar 17 2010 // Europe’s insurers are able to withstand even a major financial crisis, an EU watchdog said on Tuesday, boosting industry hopes for less onerous regulation.EU insurance watchdog CEIOPS, (the Committee of European...
Mar 16 2010 // Swiss Re’s annual sigma study has calculated that “natural catastrophes cost insurers $22 billion in 2009, while man-made disasters cost an additional $4 billion. Insured losses were highest in North America,...
Mar 15 2010 // A bulletin from the Federation of European Risk Management Associations (FERMA) notes that while it “supports the goal of the Solvency II European insurance regulatory regime, which is to enhance policyholder...
Mar 10 2010 // Swiss Re released its preliminary estimates for losses from the magnitude 8.8 earthquake that hit Chile on February 27 – $500 million – and from European windstorm Xynthia – $100 million. Both estimates...
Mar 10 2010 // Standard & Poor’s Ratings Services has assigned its preliminary ‘B-‘ credit rating to the class II-CN3 notes series 2010-1 issued under the principal at-risk variable-rate note program, Successor X...
Mar 9 2010 // Bermuda-based PartnerRe Ltd has issued preliminary estimates of expected claims from the earthquake in Chile and European Windstorm Xynthia.Total insured industry losses from the M8.8 earthquake in Chile, which hit on...
Mar 9 2010 // Loopholes in the United Nations climate treaties could actually amount to an increase in global climate-warming emissions and the chance to rein in temperatures may be slipping away, a draft European Union report...
Mar 5 2010 // Standard & Poor’s Ratings Services has published updated assumptions for assessing European insurance hybrid capital instruments (see “Assumptions: Implications Of Solvency II Proposals For Our European...
Mar 3 2010 // Catastrophe risk modeling firm AIR Worldwide has estimated that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between €1.5 billion and €3 billion [$2 to $4.1...
Mar 1 2010 // A powerful Atlantic storm, named Xynthia, struck along the western coast of Europe Saturday night and most of Sunday, leaving at least 50 people dead in its wake. The storm packed sustained winds over 140 kmh (87.5 mph) as...
Feb 23 2010 // The founder and retired chairman and CEO of the world’s largest insurance broker, Aon, has revealed the management team and a second subsidiary for his new global specialty insurance operation whose first company was...
Feb 22 2010 // The U.S. Chamber of Commerce announced that Peter S. Rashish has been named the new vice president for Europe and Eurasia. He will lead the Chamber’s International Division in “crafting and implementing...
Feb 21 2010 // First Toyota, then Honda – who’s next? 2010 is not starting out as a good year for car companies. Japan’s Toyota Motor Corp. was already in the process of recalling approximately 8 million vehicles, due...
Feb 19 2010 // Two leading European insurers on Thursday unveiled big dividend increases, confirming a sector-wide trend as the industry takes comfort from a steady recovery in its capital strength since the crisis.AXA, Europe’s...
Feb 18 2010 // Efforts to extend the Kyoto climate pact framework risk collapse in a setback to years of diplomatic bargains, as chances fade that the United States will join other rich nations in capping emissions.December’s U.N....
Feb 12 2010 // Shares in Italy’s top motor insurers could become more attractive this year because of the likely success of tariff [premium] increases in a market where rivalry from online and bank sales is still weak. Fund...
Feb 11 2010 // The ACE European Group announced the appointment of Imran Malhi as Account Engineer for its property business. He will provide value-added property services including client management, risk consulting and hazard...
Feb 3 2010 // San Diego-based Barney & Barney LLC, one of the U.S.40 largest insurance brokerages, has announced the creation of a new international position it has established in Stuttgart, Germany. Client Executive Bevin Melody...
Feb 1 2010 // European insurance regulators need a little more time to thrash out a compromise on rules for annuity providers that UK insurers fear could force them to raise up to £50 billion ($81 billion) of capital.Regulators...
Jan 29 2010 // China’s participation in an international naval operation to protect ships from pirates off the coast of Somalia should help improve maritime security in the Horn of Africa, an EU naval commander said Thursday.China...