All the headlines from our Europe Topic Page, ordered by recency.
Dec 28 2007 // Munich Re’s loss figures for 2007 from natural catastrophes concludes that “despite the general absence of extreme events, overall economic losses had reached $75 billion by the end of December – an...
Dec 23 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Dec 19 2007 // Swiss Re has released a preliminary “sigma” report detailing the extent of 2007’s catastrophe losses. According to its initial estimates, more than 20,000 people were killed by natural and man-made...
Dec 17 2007 // A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company...
Dec 14 2007 // The U.N. climate chief warned on Thursday that a deadlock between the United States and the European Union over pollution cuts threatened to derail talks aimed at launching negotiations for a new global warming...
Dec 11 2007 // Marsh announced from its London office that Hutton Swinglehurst has been named as a Senior Vice President and Matthew Hogg as a Vice President of its global Communications, Media and Technology Practice (CMT). Both men...
Dec 11 2007 // A.M. Best Co announced that Nick Charteris-Black will be joining the rating agency during the first quarter of 2008 as Director – Global Financial Services for A.M. Best Europe.He will be located in Best’s...
Dec 5 2007 // A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of China Insurance (NZ) Company Limited of New Zealand with a stable outlook. The ratings...
Dec 3 2007 // Following the departure of Daniel Glaser to Head Marsh (See related article), American International Group announced the promotion of three executives in its Foreign General insurance operations.Alexander R. Baugh will...
Nov 29 2007 // Zurich Financial Services announced changes in the claims division of its global corporate and European General insurance units.Jutta Kath, 47, who is currently Chief Claims Officer for Global Corporate, has been appointed...
Nov 27 2007 // Willis Group Holdings announced that Flavio Piccolomini, former CEO of Willis’ Italian operations, Willis Italia Spa, has been appointed CEO for Continental Europe, including the Nordic region. He will report to...
Nov 21 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on France-based insurer MMA IARD Assurances Mutuelle (MMA IARD) to ‘A’ from...
Nov 16 2007 // Guy Carpenter & Company, LLC announced that its Instrat ® unit has introduced a new, fully probabilistic flood model for the Czech Republic. “The model provides insurers with a reliable, high-quality set of...
Nov 16 2007 // Standard & Poor’s announced that it will be holding conferences on the European bank sector across Europe. The meetings will concentrate on “how financial institutions are managing their way through the...
Nov 15 2007 // A notice published in the Federal Register seeking comments for a broad Treasury Department review of financial regulation is biased in favor of federal regulation of insurance and foreign business entities, according to...
Nov 13 2007 // Guy Carpenter & Company, LLC has announced a number of key executive appointments to its European and Asia Pacific broking operations.Nick Frankland, formerly CEO of UK Operations, has been appointed to the newly...
Nov 8 2007 // Sean McGovern, Lloyd’s Director and General Counsel, accused the opponents of reforming the U.S. collateral trust rules on reinsurance of introducing the “latest red herring” into the debate.In a strongly...
Nov 7 2007 // W. R. Berkley Corporation announced that it has agreed in principle to purchase the 20 percent minority interest in W. R. Berkley Insurance (Europe), Limited held by Kiln Ltd. for approximately $50.1 million (£24.5...
Nov 6 2007 // Standard & Poor’s has published an “Industry Report Card” on Europe’s insurers, which examines their situation “in the aftermath of the subprime credit crunch,” the findings of an...
Nov 6 2007 // Standard & Poor’s Ratings Services has assigned its ‘BBB+’ rating on Medical Insurance Australia Pty Ltd., a national medical indemnity insurer and the largest in South Australia, with a stable...