All the headlines from our Europe Topic Page, ordered by recency.
Jun 18 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Everest Reinsurance Co. (Ireland) Ltd. S&P also said the outlook on Everest Re...
Jun 16 2009 // the ACE European Group announced the opening of a new branch office in Istanbul, Turkey, as it expands its presence across Central and Eastern Europe.ACE said it has “obtained a letter from Turkey’s Under...
Jun 15 2009 // Assurex Global Year Founded: 1954 Locations: 500 offices on six continents Employees: 20,000 Annual Premium Volume: $28 billion Annual Revenue: $3.4 billionAssurex Global wasn’t fully “global” until the...
Jun 11 2009 // A survey, conducted by Marsh and the independent research group Ipsos, has concluded that almost all European financial institutions have reviewed their approach to risk since the onset of the global financial crisis,...
Jun 9 2009 // European Union Finance ministers were set on Tuesday to renew commitments to post-recession debt reduction but without tying themselves for now to a starting date.The ministers from the 27 European Union countries were...
Jun 9 2009 // Guy Carpenter & Company has published the latest installment in its series of updates on key legislative and legal developments impacting insurers and reinsurers in Continental Europe. The briefing addresses the...
Jun 8 2009 // “Financial institutions did not empower their risk management functions enough to curb the activities of risk takers which played a major role in the near collapse of the international financial system in...
Jun 4 2009 // The UK’s Amlin plc announced that it has entered into an agreement to acquire Fortis Corporate Insurance N.V. (FCI), an important provider of corporate P/C insurance in the Netherlands and Belgium, from the Dutch...
Jun 4 2009 // The Association of British Insurers has issued a statement warning that regulators and governments “must not harm other industries, such as insurance, as they deal with the banking crisis.”In a new report,...
May 27 2009 // Banks will be more closely scrutinized under European Union plans unveiled on Wednesday to apply lessons from the credit crunch and better protect investors shaken by the worst financial crisis in decades.The European...
May 26 2009 // France and Germany suggested on Monday that rich nations should collectively guarantee deep cuts in greenhouse gases by 2020 while giving flexibility to laggards such as the United States to catch up later.France said the...
May 22 2009 // The European Union’s trade commissioner ruled out on Friday finalizing a strategic pact with Russia before it joins the World Trade Organization and warned Moscow against introducing new protectionist...
May 20 2009 // The European Union and China hope to relaunch their political and economic relations at a summit on Wednesday and create a “new global order” to combat the financial crisis, dwindling world trade and climate...
May 18 2009 // Standard & Poor’s Ratings Services issued a statement that its ratings and outlook on Germany’s Allianz SE (AZSE), currently ‘AA’/Stable/’A-1+’, and various core operating entities...
May 18 2009 // In a recently published special report from BestWeek, A.M. Best analyzes the relative economic strength Europe’s 10 largest insurance groupsand the top five European reinsurers.“Ever since American...
May 18 2009 // A good old-fashioned fight has developed between Bermuda-based Validus Holdings and the Max Capital Group over the latter’s planned amalgamation with IPC Re. At the end of March, Max announced that it had made a deal...
May 18 2009 // At least the global depression has focused people’s minds on some important issues. The Group of 20 (G20) meeting in London acknowledged the need for more capital to shore-up the world’s financial system...
May 14 2009 // More European insurers unveiled writedowns on their investments in a second wave of first-quarter results on Thursday, although some said sales were proving relatively resilient.Analysts said investors were left with...
May 14 2009 // The U.S. Chamber of Commerce has issued a bulletin which raises its “concerns that the European Commission’s levy of a record setting antitrust fine against Intel is part of a larger, troubling...
May 11 2009 // “More insurance and other financial policies that apply across Europe’s national boundaries must be developed over the next five decades, as large migrant groups join the over fifties as a major market for...