All the headlines from our Europe Topic Page, ordered by recency.
Jun 25 2007 // Risk Management Solutions has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe risk relating to securities issued by Fremantle Ltd, a Cayman...
Jun 25 2007 // Zurich Financial Services Group has established a new business unit for its direct business in Europe effective July 1, 2007. Called quite plainly “Direct Business,” the new unit will be part of Zurich’s...
Jun 19 2007 // The National Association of Insurance Commissioners has released a report on the activities of the International Commission on Holocaust Era Insurance Claims (ICHEIC).Authored by ICHEIC Chairman Lawrence S. Eagleburger and...
Jun 15 2007 // Aspen Re, a subsidiary of Aspen Insurance Holding Limited, announced the launch of Aspen Re in Europe along with plans to open an office, to be based in Zurich, that will act as the hub for Aspen’s European...
Jun 15 2007 // The European Court of Justice has upheld Britain’s workplace safety law, dismissing a legal claim by the European Commission that it violated EU rules. Under EU law, employers must ensure a safe and healthy workplace...
Jun 7 2007 // The UK’s Royal & Sun Alliance Insurance Group has signed an agreement to acquire 50 percent of GD II – Global Direct Insurance Investments B.V. (GDI), a joint venture with Direct Insurance Financial...
Jun 4 2007 // Cadence, Strategic Independent Agents AllianceCadence Insurance Services of Colorado Springs, Colo., became a member of the Strategic Independent Agents Alliance, a network of independent insurance agencies. Cadence...
May 31 2007 // Standard & Poor’s Ratings Services has issued a report – “Beware Solvency II: As The 2010 Implementation Date Looms Closer, European Insurers Should Ignore It At Their Peril” -, warning the...
May 29 2007 // The Federation of European Risk Management Associations notified the European Commission that the level of transparency of broker commissions is still “not entirely satisfactory.” FERMA first proposed changes...
May 25 2007 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies has published a report on the “Recent Legislative and Judicial Trends in Continental Europe...
May 21 2007 // The ACE European Group has opened two new offices in Budapest, Hungary and Prague, Czech Republic, as part of its expansion plan for Central and Eastern Europe.Peter Dudas will head ACE’s Hungarian operation as...
May 18 2007 // Financial executives at the world’s largest companies expect the severity of their most prevalent business risks to remain constant or intensify through 2009, according to the “Managing Business Risk Through...
May 18 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “B+” (Good) from “A-” (Excellent) and issuer credit rating (ICR) to “bbb-” from “a-” of Merchants...
May 16 2007 // Zurich Financial Services Group enjoyed a very good first quarter with all of its business units showing profit gain. Highlights for the period included the following: –Net income of $1.387 billion, a 71 percent...
May 15 2007 // Germany’s Allianz, which has been steadily expanding its activities in Eastern Europe, is now realizing strong results from its ventures. Revenues from Central and Eastern Europe in the first quarter of 2007 reached...
May 10 2007 // Somebody at SCOR must have seen “The Godfather” recently, as the French reinsurer finally made Converium an offer it couldn’t refuse. After nearly three months of wrangling and battling press releases the...
May 9 2007 // More than 1,000 diplomats have begun working on a new accord to control greenhouse gases, with developing countries calling for more money and expertise to help them fight the potentially catastrophic effects of global...
May 8 2007 // “Climate change will grow in importance for risk managers as the fight against global warming intensifies following the latest report of the Intergovernmental Panel on Climate Change (IPCC),” according to...
May 7 2007 // What insurers in U.S. and worldwide are doing to address the effects of climate changeRecent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate...
May 7 2007 // Recent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate change and its impact on the insurance industry. Even so, most insurers have just begun...