All the headlines from our Europe Topic Page, ordered by recency.
Oct 28 2008 // Aon announced that part of its White Rock operation, described as a “unique group of insurance and reinsurance vehicles with operations in key domiciles including Bermuda, Gibraltar, Guernsey and Luxembourg,”...
Oct 23 2008 // The current financial crisis will require unprecedented levels of global coordination to resolve it because no country is immune to its effects, European Commission President Jose Manuel Barroso said on Thursday.Speaking...
Oct 21 2008 // The European Commission said on Friday that it intends to make proposals to control risks in the $60 trillion credit derivatives market, which is seen as one of the causes of the worst financial crisis in 80...
Oct 20 2008 // The by now all too familiar litany of the world’s financial woes took pride of place at A.M. Best’s well-attended conference (over 240 attendees) in London on October 15.Roger Sellek, the rating agency’s...
Oct 20 2008 // Although the nation’s attention is focused on the financial crisis it is worth thinking about how this mess will affect attitudes toward government intervention.The July issue of The Atlantic magazine, published...
Oct 20 2008 // Darleen Madden has been elected president of the Independent Insurance Agents of Dallas (IIAD) for a term beginning Sept.1, 2008, through August 2009.Madden is co-owner of Glenn-Madden & Associates located in Dallas,...
Oct 20 2008 // One of Pat Oliphant’s more recent editorial cartoons shows presidential candidate John McCain held in the trunk of an enraged elephant labeled “The Economy.” “My friends,” says McCain to a...
Oct 10 2008 // The Federation of European Risk Management Associations (FERMA) has issued a bulletin welcoming the vote by the European Parliament on October 7, which endorsed a “vast majority of the special amendments regarding...
Oct 9 2008 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Bermuda-based Arch Reinsurance Ltd. and...
Oct 9 2008 // European insurance shares rose sharply on Thursday, as Dutch insurer Aegon announced steps to boost capital and reduce risk, while British peer Aviva Plc bolstered its hedges against slumping stock markets.Aegon, which has...
Oct 7 2008 // European governments struggled on Monday to shelter banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one.Germany...
Oct 7 2008 // “Non-life insurance premiums are flat or declining while claims costs are escalating in Western Europe’s major markets,” said a bulletin from A.M. Best. “Meanwhile, life insurers’ growth is...
Oct 3 2008 // Swiss Re announced a partnership with Zurich-based CelsiusPro to offer weather risk transfer solutions to European companies. Swiss Re said it would “provide the risk capacity and expertise to support...
Oct 2 2008 // Shockwaves from the global credit crisis spread on Thursday, threatening industry and jobs worldwide and putting pressure on the U.S. Congress to finish up a $700 billion bailout of the U.S. financial sector.The fate of...
Sep 29 2008 // Fortis, the Belgian-Dutch banking and insurance giant, faced a takeover or break-up as European Central Bank President Jean-Claude Trichet held emergency talks with Dutch and Belgian lawmakers to restore faith in the...
Sep 29 2008 // Marsh announced that three new executives – Steve Powney, Steven Lewis and Tricia Burgess – have all joined its International Surety Practice from Aon’s Surety and Guarantee team.Powney will lead the...
Sep 29 2008 // U.S. lawmakers rejected a $700 billion bailout plan for the financial industry in a shock vote that sent global markets sliding as the world credit crisis claimed more banks.By a vote of 228-to-205 the House rejected a...
Sep 26 2008 // The New York-based Navigators Group announced the hiring of Paul Hennessy as President, Navigators Holdings (UK), Ltd. He will be responsible for Navigators’ operations in Europe, the Middle East and Asia, and will...
Sep 25 2008 // Zurich Financial Services has announced the following appointments within its Risk Management Group.Adrian Zweig (50, Swiss citizen), currently Head of Strategic Asset Allocation and Asset and Liability Management (ALM),...
Sep 24 2008 // In a bulletin from its London Office, Aon Consulting notes that an “Advocate-General at the European Court of Justice today rejected Age Concern’s claim that forcing people to retire at or after 65 without...