All the headlines from our Europe Topic Page, ordered by recency.
Feb 5 2004 // The Chubb Corporation reported that net income in the fourth quarter of 2003 was $72.3 million or $0.38 per share, compared to net income of $56.6 million or $0.33 per share in the fourth quarter of 2002.Operating income,...
Feb 5 2004 // Bermuda’s XL Capital Ltd. announced that its global Property and Casualty insurance subsidiary, XL Insurance Switzerland (XLIS), is to fund a career education program developed and offered by the Careers Guidance...
Feb 2 2004 // Roy Perry, a British Conservative member of the European Parliament, has called for an investigation by the European Court of Justice, the EU’s highest court, of the accusations against Lloyd’s and the U.K....
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Jan 20 2004 // Boston’s AIR Worldwide Corporation announced that its Extratropical Cyclone Model for Europe has been incorporated into CLASIC/2, AIR’s detailed risk modeling software system.“The model, which...
Jan 20 2004 // Zurich Financial Services announced a decision to regroup the company’s businesses in Europe to create one Business Division. Effective March 1, the new division will comprise Continental Europe, the United Kingdom,...
Jan 19 2004 // Robert Goodman, a veteran investment banker who specializes in the insurance sector, has joined Rothschild as a Managing Director in its Financial Institutions Group based in New York. Gerald Rosenfeld, CEO of Rothschild...
Jan 14 2004 // California-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, announced that it has performed the risk analysis for the Pylon Ltd. securitization...
Jan 9 2004 // A report from Moody’s Investors Service notes a stable rating outlook for Italy’s rated P/C insurers and a steady improvement in results since 2001.“The continued upturn for most of the seven rated...
Dec 30 2003 // Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level.Preliminary portions of the study had been presented at the recent...
Dec 16 2003 // The Imagine Group announced from its Barbados headquarters that it has completed the acquisition of a two-thirds equity interest in Greenwich Managing Agency at Lloyd’s.The bulletin said Greenwich would be renamed...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Dec 11 2003 // Delegates attending the current meeting of the United Nations Environment Programme (UNEP) in Milan heard a report, prepared by Munich Re, estimating that the cost of natural disasters, most of which were weather-related...
Nov 20 2003 // Ewald Kist, an enthusiastic runner, will soon have more time to train for the next ING New York City Marathon. He will be 60 next year, and the Netherlands-based Company announced that on reaching that milestone he will...
Nov 17 2003 // A.M. Best Co. announced that it has affirmed the ‘A’ (Excellent) financial strength rating of ACE Europe’s Belgian subsidiary, ACE Insurance S.A. – NV, with a stable outlook.“The rating...
Nov 12 2003 // Legislative initiatives within the European Union, as well as at the United Nations, the European Parliament and various countries reportedly are currently aimed at introducing a liability regime for dealing with...
Nov 12 2003 // French insurer Axa is seeking further acquisitions on the European continent, but according to a statement by CEO Henri de Castries it is not looking to purchase Italy’s Generali, Reuters has reported. “That is...
Nov 10 2003 // Rating outlooks across the European insurance and reinsurance markets remain negative despite positive trends emerging in some sectors, Standard & Poor’s Ratings Services said in a report.“Although...