All the headlines from our Europe Topic Page, ordered by recency.
Apr 27 2005 // Bermuda’s other major insurer, XL Capital Ltd., joined ACE (See previous article) in reporting slightly lower profits for the first quarter of 2005, as it posted net income of $442.9 million or $3.18 per share,...
Apr 26 2005 // Allianz Global Risks, the industrial business unit of Germany’s Allianz, announced its intention to raise the division’s “activity and profile in Liability insurance.” In an on-line interview on the...
Apr 18 2005 // GAO Study Explores Examples of How Public-Private Insurance Partnerships OperateA new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government...
Apr 14 2005 // Radian Asset Assurance Inc., a leading provider of municipal bond insurance and financial guaranty services, announced that Iain MacDonald has agreed to join the company as VP-International Public Finance in its growing...
Apr 7 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) and the issuer credit ratings of “a” of the operating companies of Germany’s GE Frankona Group....
Mar 31 2005 // A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event or series of...
Mar 25 2005 // Houston-based Linsure Holdings, Inc. has announced the launch of “Linsure Directo” through its wholly owned European subsidiary Linsure Iberica S.A. Linsure is a diversified holding company with strategic...
Mar 21 2005 // ACE European Group announced the creation of three new business units “to target growth opportunities in specific property and casualty (P&C) business lines in the UK and Ireland.” The new units are ACE...
Mar 10 2005 // Aviva (formerly CGNU/Norwich Union) announced a net operating profit for 2004 of £2.344 billion ($4.5 billion), a 25 percent increase from 2003’s £1.72 billion ($3.3 billion). The U.K.’ largest insurer also...
Mar 1 2005 // QBE announced on Tuesday it had agreed to acquire Greenhill Underwriting Group, subject to regulatory approval, to enhance its strength and profile in the continental European market.Greenhill is a UK-based underwriting...
Feb 23 2005 // Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance and risk consulting services through its subsidiaries, announced the opening of a London insurance branch following the receipt,...
Feb 21 2005 // European January reinsurance renewals confirm A.M. Best Co.’s expectations that underwriting discipline is being maintained, despite wide capacity availability. The rating agency noted that overall premium rates have...
Feb 8 2005 // Insurers around the globe are making progress – quickly in some areas – with using an integrated risk and capital management approach to drive business decisions, according to the third biennial survey of risk...
Jan 26 2005 // Bermuda-based PartnerRe Ltd. announced that claims relating to its exposure to Windstorm Erwin, which hit Northern Europe in early January, are expected to be between $50-$60 million. Windstorm Erwin battered Northern...
Jan 24 2005 // In a collection of works titled The Life of Reason, the philosopher George Santayana wrote, “Those who cannot remember the past are condemned to repeat it.” There’s now a momentous shift underway in the...
Jan 20 2005 // The European Union has approved a deal between Fortis, the Belgian-Dutch financial services giant, and Banco Comercial Português (BCP), Portugal’s biggest private bank and a major insurer.The approval gives Fortis...
Jan 19 2005 // Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, announced the appointment of John J. Byrne as Chief Underwriting Officer...
Jan 18 2005 // ACE European Group confirmed that as of Jan.1, 2005 its belgian subsidiary, ACE Insurance S.A. N.V., has successfully transferred its insurance and reinsurance portfolio into ACE European Group Limited (AEG).“ACE...
Jan 17 2005 // Navigators Underwriting Agency Ltd., a subsidiary of The Navigators Group Inc. announced the establishment of Navigators NV with the opening of a new office in Antwerp, Belgium.The new specialist marine underwriting unit...
Jan 13 2005 // California isn’t alone in trying to cope with deadly weather. Northern Europe has been lashed by the most powerful storm to hit the continent since Lothar and Martin ravaged France, Switzerland and Germany in...