All the headlines from our Europe Topic Page, ordered by recency.
Dec 5 2008 // Marsh’s London office has issued a warning that companies that use chemical substances in the European Union (EU) could risk insurance implications “associated with their failure to adhere to the EU’s...
Dec 5 2008 // ACE Europe has appointed Jim Duncan as Property & Casualty Country Manager for Ireland, based in its Dublin office.He will assume full management responsibility for ACE’s P&C product lines distributed...
Dec 1 2008 // Paying landowners to let forests grow is promoted by the United Nations as a viable way to fight global warming, but experts first have to puzzle out how to insure trees against going up in smoke.Under U.N. plans, owners...
Dec 1 2008 // ACE Europe has announced the appointment of Colin McKellar as Director of Scotland, based in its Glasgow office.He “will assume full management responsibility for all Property & Casualty (P&C) and Accident...
Nov 26 2008 // ACE Limited has followed up its move to Zurich, Switzerland, as part of the redomestication of the Group’s holding company (See IJ web site –...
Nov 25 2008 // Overhauls of U.S. market supervision and European policy coordination are needed to plug regulatory gaps highlighted by the market crisis, the OECD said in its latest economic outlook.Initially billed as a first step to...
Nov 21 2008 // A Dutch insurer’s experimental bid to tap the U.S. government for bailout cash looks doomed to failure, closing off an avenue for other insurers. Aegon NV said this week it was mulling buying a small U.S. bank to...
Nov 20 2008 // The European Commission approved on Thursday Belgian State guarantees intended to facilitate the financing of Fortis Bank.“The Commission found the aid to be in line with its guidance communication on state aid to...
Nov 19 2008 // Lloyd’s and RAND have issued a new report on transatlantic litigation trends. The spread of what Lloyd’s Chairman Lord Peter Levene has called the “compensation culture,” is becoming an increasing...
Nov 17 2008 // Miller Insurance Services Limited announced that Adam Piper has joined the company as a Development Director – Corporate Risks UK & Europe.He has more than 22 years of industry and business development...
Nov 17 2008 // Both A.M. Best and Fitch Ratings have reacted negatively to the news that the Exporters Group has entered into an agreement to transfer renewal rights to Australia’s QBE Holdings.Best put its financial strength...
Nov 17 2008 // The consumer chiefs of the European Union and the United States called on China on Monday to crack down on unsafe products, especially toys, ahead of Christmas.More than 20 million Chinese-made toys were recalled worldwide...
Nov 14 2008 // Recession has struck much of Europe, data showed on Friday, confirming a widespread economic downturn that world leaders hope to tackle at a weekend summit in Washington.The worst financial crisis in 80 years has weakened...
Nov 12 2008 // Business leaders around the world back greater regulation in response to the global financial crisis, a survey showed on Wednesday, with support strongest for curbs on credit rating firms, hedge funds and structured...
Nov 10 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Arch Reinsurance Europe Underwriting Ltd. (Arch Re Europe), a newly formed Ireland-based...
Nov 5 2008 // Political leaders urged U.S. President-elect Barack Obama on Wednesday to help forge a new economic order and lead the world out of its worst financial crisis since the 1930s.Excitement about the election of Democrat Obama...
Nov 2 2008 // The by now all too familiar litany of the world’s financial woes took pride of place at A.M. Best’s conference in London on Oct. 15. Roger Sellek, the rating agency’s managing director-global financial...
Oct 31 2008 // Coface, the Paris-based business specialist, has issued a bulletin, which notes that the “credit crisis is spreading throughout Europe amid a deepening financial crisis, leading to a sudden squeeze in banking credit,...
Oct 30 2008 // Marsh announced the creation of a dedicated binding authority and consumer placement service in London to meet the needs of clients globally. “This team will be the access point to the London and European insurance...
Oct 30 2008 // The ACE European Group has appointed Nikolay Dmitriev as Country Manager for its Russian operation, ACE Insurance Company CJSC. He replaces Andreas Wania who moved to the role of Regional Manager Central Eastern Europe,...