All the headlines from our Europe Topic Page, ordered by recency.
May 7 2009 // Standard & Poor’s Ratings Services has said that its ratings and outlook on German global reinsurer Munich Reinsurance Co. (‘AA-‘/Stable/–) and core related entities) are unaffected by the...
May 1 2009 // Argo Group International Holdings announced that Julian Enoizi has been appointed as CEO of Heritage Managing Agency Ltd., the Lloyd’s business Argo Group acquired in May 2008.Enoizi will join Heritage from CNA...
Apr 28 2009 // A study, published by Marsh, finds businesses continue the trend to self-insure through captives. “Despite the global economic recession and continued soft commercial insurance market, businesses in all parts of the...
Apr 28 2009 // AIG’s near collapse is a credit-crunch case study in how Europe can improve supervision of big cross-border insurers, a top EU market regulator said on Monday.The American insurer has received nearly $180 billion in...
Apr 27 2009 // European Union foreign ministers agreed on Monday to launch talks on a trade pact with Canada worth over $27 billion per year, EU diplomats said. “The ministers gave the green light,” one diplomat told Reuters....
Apr 27 2009 // The Federation of European Risk Management Associations (FERMA) has issued a bulletin welcoming the vote of the European Parliament approving the Solvency II Directive, the new supervisory regime for EU insurance companies...
Apr 27 2009 // Risk Management Solutions announced that Munich Re and Tokio Marine Nisshin Fire have closed a private catastrophe swap based on its industry loss index, Paradex-Europe Windstorm.“This transaction now brings the...
Apr 27 2009 // Standard & Poor’s Ratings Services has issued a new report, – “Europe’s Insurers Feel The Strain, But The Sector Retains Its Strength” – which indicates that for many insurers,...
Apr 23 2009 // The European Parliament voted this week for new regulation of insurers that aims to cut costs by giving one national regulator the lead role in monitoring insurance companies operating across several EU nations.EU...
Apr 20 2009 // Pirates have stepped up their attacks on shipping in the Gulf of Aden and the Indian Ocean. In three days (April 6-8) the marine marauders, based in Somalia, seized four cargo ships and a French yacht (See IJ Web site...
Apr 9 2009 // The Netherlands ING Group said on Thursday that it plans to divest operations worth up to €8 billion ($10.6 billion) to reduce risk and will focus its banking activities on Europe.ING, which was loss-making in 2008...
Apr 7 2009 // The 16-member Federation of European Risk Management Associations (FERMA) issued a statement that it “welcomes the European Commission (EC) Report in favor of renewal of the Insurance Block Exemption Regulation...
Apr 6 2009 // AIGAmerican International Group (AIG) has taken down the most prominent sign at its downtown Manhattan offices. According to a Reuters report, the company replaced the large AIG sign — outside the entrance to its...
Apr 6 2009 // AIGAmerican International Group (AIG) has taken down the most prominent sign at its downtown Manhattan offices. According to a Reuters report, the company replaced the large AIG sign — outside the entrance to its...
Apr 3 2009 // World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again.U.S. President Barack Obama...
Mar 26 2009 // The European Union has joined the Caribbean Catastrophe Risk Insurance Facility’s (CCRIF) 16 member governments – Canada, the World Bank, the United Kingdom, Bermuda, Ireland, France and the Caribbean...
Mar 25 2009 // XL Insurance, the global insurance operations of XL Capital Ltd., announced that it will offer insurance solutions to Upper Middle Market companies in Germany with an annual turnover ranging from approximately €30...
Mar 23 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of the UK-based ACE European Group Limited (AEGL) with stable outlooks. Best said...
Mar 19 2009 // ACE Europe has appointed Mike Reynolds as Marine Manager for the UK & Ireland.He will be responsible for managing the ACE’s marine portfolio written outside of its London market operation through ACE...
Mar 18 2009 // Britain’s Financial Services Authority (FSA) will publish Wednesday a blueprint for a shake-up of global banking regulations aimed at preventing a recurrence of the financial crisis weighing down the world...