World Bank Board of Directors' Review Date for FYR Macedonia and Serbia's Membership Contributions set after Serbia's Loan Negotiations Successfully Conclude

On March 3rd, the World Bank Board of Directors will review for approval US$10 million worth of loans to fund the Europa Re membership contributions of FYR Macedonia and Serbia. The negotiations for Serbia’s loan were completed in early February, and FYR Macedonia’s Europa Re membership was finalized in late...

Europa Re Website Launched

The Europa Re website was launched on January 13. 2011 to provide Europa Re’s current and potential partners with in-depth information about the company’s structure and operations. The Europa Re website will be updated regularly to reflect the company’s progress. Please check back regularly for updated information!

Europa Re Exemplifies the Goals for Risk Transfer Set Forth in the 2010 Cancun Agreement

The 2010 Cancun Agreement calls for enhanced action on climate change adaptation, with significant focus on the role of insurance and other risk transfer mechanisms in adaptation. It establishes the Cancun Adaptation Framework (CAF), which has the objective of enhancing action on adaptation. There are nine action areas for adaptation...

FYR Macedonia to Join Europa Re in Spring 2011 after Two Days of Intense Discussions

FYR Macedonia’s membership to Europa Re was finalized on December 17, 2010 after two days of intense discussions between the World Bank and FYR Macedonian officials. FYR Macedonia will join the Facility as a new member in the spring of 2011. FYR Macedonia is seeking Europa Re membership to increase...

World Bank and Serbia Successfully Complete Technical Discussions for Financing Serbia's Europa Re Membership Contribution

The World Bank and Serbia have successfully completed technical discussions on a loan that will finance Serbia’s shareholder contribution to Europa Re. The completion of these talks mark an important milestone in Serbia’s efforts to join Europa Re. Negotiations to finalize the technical discussions will take place on January 27,...

Europa Re seeks Experienced Reinsurance & Insurance Partners

Europa Re is requesting proposals from experienced insurance and reinsurance professionals in setting up a database for:

  • The occurrence of natural events like earthquake, windstorm and flood in South East and Central Europe and the Caucasian region;
  • The propensities to losses emanating from such events and...