All the headlines from our Europe Topic Page, ordered by recency.
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...
Jan 22 2007 // Catastrophe risk modeler AIR Worldwide has issued a bulletin estimating insured losses from Winter Storm Kyrill (or Cyril) at between €4 billion and €8 billion ($5.18 billion and $10.37 billion). The GDV German...
Jan 19 2007 // The mild winter weather that much of Europe has been enjoying for the last month came to a sudden halt earlier this week when the most violent storm to hit the continent since 1999 swept in from the Atlantic. So far 28...
Jan 18 2007 // Germany’s Allianz SE, Europe’s largest insurer in terms of gross premiums written, is set to get even bigger. The Munich-based Company announced plans to acquire the remaining 42.4 percent of the shares in...
Jan 18 2007 // Accenture has signed a 10-year, $100 million business processing outsourcing (BPO) agreement with AIG Europe S.A. The Agreement provides for Accenture to set up an IT platform and insurance support services to AIG...
Jan 18 2007 // The European Union and China on Wednesday kicked off negotiations on expanding cooperation in trade, climate change and other fields, starting a process that is expected to take at least a year to complete.Benita...
Jan 9 2007 // Newark Calif.-based Risk Management Solutions, a leading provider of products and services for the management of natural hazard risk, announced the acquisition of HailCalc Europe, which it described as “the first...
Jan 8 2007 // The ACE European Group has launched an expanded IT hardware and network security policy, available exclusively online under the name ComputerGuardPlus. “The policy, which includes cover for the losses resulting from...
Jan 2 2007 // Romania and Bulgaria, two of Europe’s poorest countries, officially became members of the European Union on New Year’s Day, bringing the total to 27. Celebrations in Bucharest and Sofia greeted the two...
Dec 29 2006 // While recognizing that economic losses from natural catastrophes were considerably lower in 2006 than in 2005, Munich Re warned the industry against becoming too complacent.In a bulletin on the reinsurer’s web site...
Dec 26 2006 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit ratings of “aa-” of German-based Allianz Societas Europaea (Allianz SE) and its subsidiaries. Best...
Dec 22 2006 // The Dublin-based study group Research and Markets announced the addition of “Insurance: Global Industry Guide” to their offering.The bulletin described the new study as “an essential resource for...
Dec 15 2006 // A new report from Standard & Poor’s Equity Research – European Investment Outlook – Riding A Wave Of Volatility – foresees the volume of mergers and acquisition in Europe exceeding the €1.3...
Dec 15 2006 // The Bermuda-based Catlin Group Limited announced plans to establish four new European offices in early 2007 in Paris, Barcelona, Zurich and Innsbruck. “The new locations will build on Catlin’s strategy to open...
Dec 13 2006 // A.M. Best Co. has upgraded the financial strength rating (FSR) to “A” (excellent) from “A-” (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of the UK-based...
Dec 12 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and upgraded the issuer credit ratings (ICR) to “a+” from “a” of Renaissance Reinsurance Ltd. and...
Dec 5 2006 // Driven in part by increased demands from regulatory and rating agencies, enterprise risk management (ERM) has become integral to insurers’ business processes around the world. Sixty percent of survey respondents...