All the headlines from our Europe Topic Page, ordered by recency.
Jul 18 2005 // XL Hit with $183M Reserve Increase: Bermuda’s XL Capital Ltd. announced that its second quarter results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191...
Jul 18 2005 // To paraphrase an old adage: “Nothing concentrates the overall mind of the property/casualty insurance community as much as the approaching certainty of large loss events.” So, it’s no wonder that many...
Jul 18 2005 // Luke J. Nolan Jr., director of Aon Construction Services Group, was elected president of the Dallas/Fort Worth chapter of the Construction Financial Management Association (CFMA). His election marks the first time in the...
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...