All the headlines from our Europe Topic Page, ordered by recency.
Jul 13 2005 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” for Max Re Ltd. (Max Re). A.M. Best has also affirmed the ICR of “bbb-” of...
Jul 8 2005 // ACE European Group has announced that Michael Furgueson has been appointed President of ACE’s business operations in the United Kingdom and Ireland. He succeeds Carl Bach, who is moving to a new posting with ACE USA,...
Jul 7 2005 // Bermuda-based ACE Limited has announced that Jacques Bonneau, CEO of ACE Tempest Re USA, has been appointed president & CEO of the ACE Tempest Re Group. He will be based in Bermuda and report to Ace President and CEO...
Jul 4 2005 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
Jun 30 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the Spanish insurance group Mapfre Mutualidad de Seguros y Reaseguros, the ultimate parent of the Mapfre Group...
Jun 30 2005 // The Federation of European Risk Management Associations (FERMA) has been taking an increasingly active role in supporting the efforts of the European Commission to expand the use of risk management techniques in the...
Jun 27 2005 // Romanian Prime Minister Calin Popescu Tariceanu announced that GE will locate its next Business Services & Technology Solutions Center in Bucharest, the second such center in Europe.The new center will handle “a...
Jun 27 2005 // New Orleans-based Pan-American Life Insurance Company announced the appointment of Camilo J. Salazar as executive vice president for Distribution, Marketing and Product Management. Salazar’s appointment is effective...
Jun 24 2005 // Standard & Poor’s Ratings Services has published its quarterly report covering the leading European insurers – Industry Report Card: European Insurance. The study concludes: “The current picture for...
Jun 17 2005 // One would have thought that the crisis in the European Union, provoked when French and Dutch voters rejected the proposed EU Constitution, might have caused a bit of soul-searching and reassessment on the part of...
Jun 17 2005 // Marie-Gemma Dequae, president of the Belgian risk management association BELRIM from June 1994 until June 2005, has been named as the next president of the Federation of European Risk Management Associations (FERMA). She...
Jun 8 2005 // St Paul/Travelers (SPT) has become the latest Lloyd’s market insurer to pledge its support for the Kinnect electronic platform that has been in development for the last three years.The SPT division, which operates as...
Jun 8 2005 // The European Parliament has voted its approval of new laws and regulations, which now need to be approved by EU member governments, for the regulation of the reinsurance industry within the 25-member block.The proposed...
Jun 2 2005 // Voters in the Netherlands have overwhelmingly rejected the proposed EU Constitution. Nearly 62 percent of them (participation was around 62.8 percent of eligible voters) expressed their disapproval of the lengthy...
Jun 1 2005 // Peter Mandelson, the European Union’s Trade Commissioner, has expressed his concern about the slow progress being made towards the liberalization of trade barriers. The “Doha Round” (named after the...
May 30 2005 // Seventy percent of the eligible voters in France expressed their opinion on Sunday, May 29 – a turnout not seen in any recent election. Fifty-five percent of them voted a resounding ‘NO’ to the proposed...
May 30 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and debt ratings on seven unregulated insurance and reinsurance holding companies. S&P also raised its...
May 24 2005 // Zurich Financial Services Group (ZFS) announced today that Zurich Insurance Ireland Limited (ZIIL), formerly Eagle Star Insurance Company (Ireland) Ltd., will become an EU-wide risk carrier for Global Corporate business...
May 19 2005 // Zurich Financial Services Group reported strong growth in net income in the first quarter of 2005 with net income up 21 percent to $779 million, compared to $644 million in the first quarter of 2004.Other highlights...
May 9 2005 // The Association of British Insurers (ABI) has issued a bulletin endorsing the European Commission’s new approach to the single market for financial services. Speaking on the day that the Commission published its...