All the headlines from our Europe Topic Page, ordered by recency.
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...
May 2 2007 // The European Union called on developing countries Tuesday to take action to reduce greenhouse gases, as delegates worked to finalize a report detailing measures needed to save the planet.The draft report from the...
Apr 30 2007 // ACE European Group announced from its London office that its Commercial Premises Pollution Liability (PPL) product is available online via its fully automated e-commerce platform – ACE Online.ACE said it is...
Apr 27 2007 // Italy’s Generali Group has concluded an agreement with PPF Group N.V., an international financial group, headquartered in Amsterdam, Netherlands, which is 95 percent controlled by Petr Kellner, a Czech entrepreneur...
Apr 20 2007 // A.M. Best Co. announced that Roger Sellek will be joining the rating agency as Managing Director – Global Financial Services for A.M. Best Europe in early May.He will work from Best’s London offices and will...
Apr 16 2007 // Swiss Re announced that it has successfully closed the €329 million ($446 million) European Clean Energy Fund to further investment. “The Fund, a UN accredited investment vehicle, provides capital to European clean...
Apr 16 2007 // The management of Swiss-based reinsurer Converium issued a bulletin urging its shareholders to reject the offer by France’s SCOR Group, which has already acquired a 32.9 percent stake in Converium (See IJ web site...
Apr 9 2007 // Eighteen years ago an Irish insurance conference would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...
Mar 29 2007 // In separate bulletins A.M. Best announced that it has downgraded the financial strength rating of The Steamship Mutual Underwriting Association (Bermuda) Limited (the Club) and its UK operation Steamship London to...
Mar 27 2007 // London-based Xchanging announced plans for an initial public offering, and the listing of its shares on the London Stock Exchange. The offer is limited to the UK and selected European countries; no listing will be made in...
Mar 21 2007 // XL Capital Ltd. has appointed Fiona Muldoon to the expanded role of Senior Vice President and Corporate Strategy, Development and Planning Officer. She previously served as Senior VP and Financial Planning Officer for the...
Mar 20 2007 // The International Commission on Holocaust Era Insurance Claims (ICHEIC) announced that its claims and appeals processes have concluded. More than $300 million in awards were distributed to more than 48,000 Holocaust...
Mar 19 2007 // 18 years ago an Irish insurance conference probably would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...