All the headlines from our Europe Topic Page, ordered by recency.
Mar 12 2007 // The European Council, a working group of EU country ministers, concluded its meeting in Brussels on Friday, March 9, with the announcement of ambitious goals to improve energy efficiency and reduce greenhouse gas...
Mar 12 2007 // Markel Insurance Co. named Thomas K. “Smitty” Smith vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond, Va., branch of Riggs,...
Mar 7 2007 // On 29 October 2003, the European Commission adopted a proposal for a new EU regulatory framework for chemicals. The new system, dubbed REACH (Registration, Evaluation and Authorization of CHemicals), outlined a complex...
Mar 2 2007 // “Changes to Romanian corporate law, making it compulsory for companies to purchase directors’ & officers’ liability insurance (D&O), are creating a surge in demand for cover,” according to...
Feb 22 2007 // Germany’s Allianz released strong growth figures in its preliminary earnings report with net income for the year up by 60 percent from just under €4.4 billion ($5.77 billion) in 2005 to more than €7 billion ($9.2...
Feb 22 2007 // Marsh UK has promoted Roy White as practice leader of its Financial and Professional Services Practice (FINPRO), in Europe, Middle East and Africa.He is based in Marsh’s London office and will assume overall...
Feb 20 2007 // Bermuda-based Max Re Capital Ltd. announced that Walker Rainey, previously Senior VP and CFO of Max Europe Holdings Limited, has been promoted to Executive Vice President and CFO of Max Europe Holdings, effective...
Feb 20 2007 // A.M. Best has published a comment on the recently published figures from a number of global reinsurers following the January treaty renewals, mainly focusing on Europe.Best said most “global reinsurers are...
Feb 14 2007 // The Zurich Financial Services Group has signed an agreement for the purchase of a majority stake in OOO NASTA Insurance Company, headquartered in Moscow, Russia.“In combination with Zurich’s existing Russian...
Feb 13 2007 // Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has announced a number of changes to its executive leadership teams in North America, the United Kingdom and...
Feb 9 2007 // Zurich Financial Services Group announced that “after more than 25 years of dedicated service to Zurich, its employees, its shareholders and its customers, Peter Eckert will be retiring effective February 28,...
Feb 1 2007 // According to a new report the Economist Intelligence Unit (EIU), sponsored by ACE, “nearly 30 percent of senior executives and risk professionals surveyed said their companies had been forced to cancel existing...
Feb 1 2007 // Swiss-based reinsurer Converium has estimated that its gross claims for winter storm Kyrill will be around €25 to €35 million ($32.5 to $46.5 million). Converium said its estimates were “based on an assumed...
Jan 30 2007 // The global debate on Climate Change has gone from a sideshow to the main event, taking over the front pages of many newspapers. The Intergovernmental Panel on Climate Change (IPCC) Conference, currently taking place in...
Jan 30 2007 // Hannover Re said it expects a net loss of €120 to €180 million ($155 to $233 million) before tax as a result of windstorm Kyrill. The bulk of the expenditure is attributable to claims in Germany.Hannover Re said the...
Jan 29 2007 // Warning that “European businesses face uninsurable environmental impairment risks,” the Federation of European Risk Management Associations (FERMA) called on insurers to be less “risk averse.” It...
Jan 29 2007 // Lloyd’s of London announced that Julian James, director-worldwide markets, will be leaving at the end of April to join Lockton International. He has been responsible for all Lloyd’s commercial activities...
Jan 28 2007 // Goldman Sachs, USI HoldingsInsurance broker USI Holdings Corp. agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs and Co., in a transaction valued at approximately $1.4 billion,...
Jan 26 2007 // Swiss Re’s preliminary estimates of its potential net losses from Windstorm Kyrill are around €140 million ($181 million) before tax. Its gross claims estimate is around €220 million ($284 million), but this is...
Jan 23 2007 // Swiss Re has issued a “focused report,” which assess the growth of the catastrophe bond market and calls for the establishment of an independent agency to “aggregate European claims data and provide the...