All the headlines from our Europe Topic Page, ordered by recency.
Jun 11 2008 // In a recent address Callum McCarthy, the Chairman of the UK’s Financial Services Authority, took stock of the current regulatory regime for financial services in the UK.“The turbulence in financial markets...
Jun 11 2008 // The European Commission has proposed shaking up how the European Union’s insurance sector covers risk.Solvency II aims to protect policyholders better and spur competition in the 27-nation European Union while making...
Jun 11 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ junior subordinated long-term debt rating on the €250 million ($387 million) undated, subordinated notes issued by Austria-based Wiener...
Jun 11 2008 // New European Union rules that shake up how insurers offset risk and protect policyholders must not be rushed despite a 2012 deadline, a senior British regulator said on Tuesday.European Commission proposals known as...
Jun 6 2008 // European Union countries should limit the civil liability of auditors in order to encourage new firms to enter a sector now dominated by four firms and in this way protect European capital markets, the EU executive arm...
Jun 5 2008 // Ministers from major trading nations will try to keep struggling world talks alive today, June 5, with supporters saying a deal could help offset the global food crisis and soften the economic slowdown.Ministers from the...
Jun 4 2008 // Aon announced that environmental insurance specialist Simon Johnson, Ph.D., has joined the firm as director in the Aon Environmental Services Group, a unit of Aon Risk Services.He will be based in London, and will...
Jun 3 2008 // Asian insurers, particularly China’s major players, are likely seize the credit crunch as an opportunity to snap up assets in Europe and the United States, senior insurance figures said on Tuesday.“Asian...
May 29 2008 // “Global insurance industry acquisitions in 2007 were driven by non-U.S. insurers, primarily Western European firms-who clearly see value in this market,” stated Sherry Manetta, director at Conning Research...
May 29 2008 // Italy’s Generali dropped out of the running for Royal Bank of Scotland’s insurance arm on Wednesday, hours ahead of a first bid deadline, prompting speculation that interest in the asset is fading.RBS,...
May 28 2008 // ACE Europe announced the appointment of Pat Drinan as National Distribution and Development Director for the UK & Ireland. He will be responsible for developing broker relationships and distribution of ACE’s...
May 28 2008 // Zurich Financial Services Group announced that Markus Hongler, currently CEO of Zurich Switzerland, has been appointed CEO of Zurich Insurance Ireland Limited (ZIIL), Zurich’s main EU-wide risk carrier for general...
May 27 2008 // Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor...
May 23 2008 // Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor...
May 23 2008 // Bermuda-based AXIS Capital Holdings Limited announced that AXIS Specialty Europe Limited, one of its European operating subsidiaries, has been authorized by the Australian Prudential Regulation Authority (APRA) to operate...
May 22 2008 // Standard & Poor’s Ratings Services has changed the outlook on its ‘B’ long-term counterparty credit rating on Triad Financial Corp. to negative from stable. “The outlook change reflects the...
May 21 2008 // Germany’s Allianz is in talks about the future of its Dresdner Bank unit and sees a real chance for banking consolidation in Germany, its chief executive said on Wednesday in remarks that boosted German bank...
May 20 2008 // Mediators in the core agriculture and industrial goods negotiations at the World Trade Organization (WTO) issued new proposals on Monday, clearing the way for a meeting of ministers to clinch an outline trade deal.The...
May 19 2008 // European Union Trade Commissioner Peter Mandelson said on Monday he saw the makings of an international trade agreement in new proposals drafted by the World Trade Organization.The WTO is expected to issue negotiating...
May 15 2008 // “Businesses could be facing a future liability crisis if they do not face up to growing litigation issues,” Lloyd’s warns in its latest report -“‘Directors in the Dock – is business...