All the headlines from our Europe Topic Page, ordered by recency.
Jun 11 2002 // The European Commission (EC) in Brussels has announced proposals to harmonize the European Union’s automobile insurance regulations.The EC wants all policies to cover third party liability up to € 1 million...
May 29 2002 // AXIS Specialty Limited, the newly formed Bermuda-based insurer, announced that it has received Irish Government approval to commence business as an insurer and reinsurer from its European headquarters in Dublin,...
May 28 2002 // The European Commission (EC), the European Union’s highest regulatory authority, has extended the scheduled end of aid programs by individual governments to Europe’s airlines until the end of June.Following...
May 27 2002 // The European Commission, the European Union’s highest regulatory authority, has approved inreon the joint venture established by Swiss Re and Munich Re in December 2000, to provide online reinsurance exchange...
Apr 5 2002 // Six of the world’s largest insurance companies announced that they intend to establish a joint venture in Luxembourg, named Special Risk Insurance and Reinsurance Luxembourg S.A. (SRIR), to provide “limited...
Mar 28 2002 // The European Commission has approved the complex series of deals between Zurich Financial Services and Germany’s Deutsche Bank first announced last September. Under the terms of their agreement Zurich will acquire a...
Mar 26 2002 // The European Commission, under the leadership of Transport Commissioner Loyola de Palacio, seems poised to extend emergency terrorist coverage for the airlines of EU member states for another two months. The emergency...
Mar 18 2002 // Eureko, the pan-European consortium of insurers, has indicated that its plans to list its shares on several European stock markets may have to be postponed, due mainly to the fall in profits from asset management...
Mar 11 2002 // After the record losses from the WTC attacks, two cash calls, a buffeting by the rating agencies, a proposed reorganization of its basic financial structure and an audit by the National Assoc-iation of Ins-urance...
Mar 11 2002 // Elton John’s “I’m Still Standing” could become Lloyd’s theme song—it’s a better fit than “Candle in the Wind.” After the record losses from the WTC attacks, two cash calls,...
Mar 11 2002 // If anyone needs proof that the Internet is no longer a curiosity, the reinsurance industry is a good place to start looking. Reinsurance companies aren’t generally known for the rapidity with which they adopt...
Feb 26 2002 // A report commissioned by the European Financial Services Round Table (EFR) has concluded that “the completion of the single market for financial services in Europe would create substantial benefits for consumers...
Feb 11 2002 // Many European countries observed Sunday, Jan. 27 as Holocaust Memorial Day, a time set aside to honor the memory of the 12 million human beings—over six million of them Jewish—who perished at the hands of the Nazis...
Jan 28 2002 // Fortune magazine has named Sweden’s Skandia as one of the one of the ten “greatest workplaces” in Europe, following a survey of journalists, securities analysts, business school professors, consultants...
Jan 28 2002 // On Jan. 3, French reinsurer SCOR Group launched the second installment of its innovative Atlas Re catastrophe bond, with technical analysis and parameters provided by Newark, Calif.-based Risk Management Solutions (RMS)...
Jan 24 2002 // Former Secretary of State Lawrence Eagleburger reportedly stormed out of a meeting with European insurers yesterday, and abruptly resigned his position as Chairman of the International Commission on Holocaust Era Insurance...
Jan 8 2002 // Standard & Poor’s announced that it has placed Mitsui Sumitomo Insurance Co. (Europe) Ltd. (MSI Europe), formerly known as Mitsui Marine & Fire Ins. Co. (Europe) Ltd.’s double-‘A’...
Jan 2 2002 // The long wait is finally over, as more than 300 million people in 12 member countries of the European Union finally said goodbye to their francs, marks and liras and began using Euros. The conversion is the culmination of...
Dec 20 2001 // London’s Financial Times carries a report that the European Commission has completed a preliminary investigation of Lloyd’s operations and may well “open formal proceedings against the UK...
Dec 7 2001 // Of the hundreds of compromises and agreements reached before China was formally admitted to the World Trade Organization last month, one dispute stubbornly refused to go away – the clash between American...