All the headlines from our Europe Topic Page, ordered by recency.
Nov 19 2006 // Nortel Networks – $2.4 billion settlement; Royal Ahold – $1.1 billion settlement; Vivendi Universal – billion dollar settlement pending. None of these companies are U.S.-based (they are Canadian, Dutch...
Nov 13 2006 // Ace European Group has named Stephanie Cryer as its UK and Ireland Commercial Property and Package Product Manager. She joins ACE from Chubb where she was most recently the London Strategic Marketing manager and previously...
Nov 10 2006 // As the Republican Neo-Con Light Brigade charged into the Democratic Valley of Death on Tuesday Nov. 7th, echoes of another far off war could be heard. It will be 88 years on Saturday that the guns finally fell silent,...
Nov 9 2006 // Zurich Financial Services Group has announced some major personnel changes affecting its Group Executive Committee, following the planned retirement of Chief Operating Officer Peter Eckert on February 28, 2007.Zurich gave...
Nov 8 2006 // In a report, Major (Re)Insurers Address Legacy Reserving Issues, While U.S. Hurricane Season Is Quiet, Standard & Poor’s Ratings Services notes that the “most significant development in recent months for...
Nov 6 2006 // European PLUS conference explores an emerging international D&O marketMaybe it’s part of the globalization process; maybe it’s due to the increasing sophistication of private investors and fund managers,...
Nov 5 2006 // Maybe it’s part of the globalization process; maybe it’s due to the increasing sophistication of private investors and fund managers, or maybe it’s the legal profession prospecting for additional income...
Oct 26 2006 // Boston-based consultant and catastrophe risk modeler AIR Worldwide Corporation has released a new analysis of European extratropical cyclones, which confirms that Europe could experience a winter storm resulting in insured...
Oct 25 2006 // Fitch Ratings has assigned an “AA-” insurer financial strength (IFS) rating to XL Re Europe Limited with a stable outlook. “The rating assignment follows the announcement that XL Re Europe will be XL...
Oct 24 2006 // ACE European Group has expanded its e-commerce offerings to UK brokers with the launch of a Directors & Officers (D&O) product on the Acturis broker platform.“The auto-rated cover, specifically developed...
Oct 19 2006 // Standard & Poor’s Rating Services has assigned its “A+” counterparty credit and financial strength ratings to newly created, Dublin-based XL Re Europe Ltd. The new Company will assume all non-life...
Oct 19 2006 // Bermuda’s XL Capital Ltd. has received approval for a new fully licensed European reinsurance company, XL Re Europe Limited, based in Dublin, which will become its European reinsurance platform. XL previously...
Oct 17 2006 // A.M. Best Co. has upgraded the financial strength rating to “A+” (Superior) from “A” (Excellent) and the issuer credit rating (ICR) to “aa-” from “a+” on ACE European Group...
Oct 17 2006 // Arch Reinsurance Ltd. is opening a branch office in Zurich, Switzerland. The new office will focus on regional business that is complementary to the existing relationships of Arch Re in Bermuda. The new office will also...
Oct 10 2006 // Time and resource constraints are hindering risk managers’ efforts to help their organizations prepare for catastrophes, such as power outages, avian flu or extreme weather, according to the latest Economist...
Sep 28 2006 // Independent reinsurance and risk intermediary Benfield has just released its latest European Quarterly Report, entitled “Hoping for the Best,” covering the first half results of European reinsurance groups.The...
Sep 27 2006 // Following its positive decision last May, the European Commission formally accepted the applications by Bulgaria and Romania to join the European Union as of January 1, 2007. They will increase the number of EU member...
Sep 26 2006 // Euler Hermes ACI, the US subsidiary of the Euler Hermes group, a global credit insurance provider, has issued its latest analysis of the global economy which concludes that although the IMF outlook remains positive,...
Sep 25 2006 // Are we doing things we really should be doing from a regulatory standpoint to cut the cost of regulation? asked Property Casualty Insurers Association of America President and CEO Ernie Csiszar during the International...
Sep 21 2006 // Germany’s Allianz announced that it has reached an agreement with employee representatives of its Italian subsidiary RAS Holding S.p.A on “the future structure for the operational and corporate codetermination...