Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Extreme Icy Weather Paralyzes Travel in Parts of Europe
Jan 18 2024 // Freezing weather in Germany and other parts of Europe threatened widespread road, rail and flight disruptions as the region braced for snowfall and heavy ice build-up. Frankfurt’s airport operator canceled more than...
Brexit Has Cost UK More Than $178 Billion so far: London Mayor
Jan 12 2024 // Britain’s departure from the European Union has reduced the size of its economy by 6% so far – an annual cost of 140 billion pounds ($178 billion) – London mayor Sadiq Khan said on Thursday, with the...
People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London
Jan 5 2024 // Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer of its European broking operations. The newly created role will support...
Extreme Cold Grips Nordic Countries as Floods Hit Western Europe
Jan 4 2024 // Europe experienced stark weather contrasts on Wednesday, with extreme cold and snowstorms disrupting transportation and closing schools in Scandinavia while strong winds and heavy rain in western Europe caused flooding and...
Allianz Seeks to Buy Back Europe’s Biggest Old-School Bond
Jan 4 2024 // Insurance giant Allianz SE is looking to replace the biggest bond remaining under Europe’s old regulatory regime as it taps the market for new issues early on this year. The Munich-based insurer priced a new €1...
European Central Bank’s Cyber Stress Test Will Not Affect Capital Requirements
Jan 3 2024 // The European Central Bank’s cyber resilience stress test in the coming months will not affect bank-specific capital requirements but instead form part of a broader supervisory assessment, the ECB said in a statement...
How Brexit Hobbled Britain’s Race to Space
Jan 2 2024 // Britain’s push to become a “space superpower” is being undermined by political disarray and weak domestic investment, while showing how the nation needs international partners more than ever...
UK Signs Swiss Financial Services Deal, Easing Post-Brexit Access for Insurers, Brokers
Dec 22 2023 // The UK and Switzerland signed an agreement to recognize each other’s laws and regulations in financial services, easing post-Brexit market access for firms including banks, insurers and asset managers. Chancellor of...
Allianz Sponsors Catastrophe Bond for European Windstorm Risks
Dec 20 2023 // Allianz has sponsored a new catastrophe bond which will provide the group with multi-year risk transfer capacity of €250 million to protect itself against European windstorms. Allianz entered into a three-year...
UK to Sign Deal Boosting City of London’s Post-Brexit Ties to Switzerland
Dec 20 2023 // The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between their respective financial centers. Chancellor of the Exchequer Jeremy Hunt will visit Bern...
Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date
Dec 19 2023 // The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation to date, as the bloc settles on a compromise to help it get the bill over the finish...
Here’s What’s Next for the EU’s Landmark Artificial Intelligence Act
Dec 15 2023 // European Union countries and lawmakers last week agreed a provisional deal for artificial intelligence rules aimed at establishing guardrails for the rapid development of AI and setting a global standard in technology...
People Moves: Marsh Announces Group of Promotions in UK, Global Placement Team; Klingspor Succeeds Papanikolaou as CEO, Allianz Central Europe
Dec 13 2023 // This edition of International People Moves details appointments at Marsh and Allianz Central Europe. A summary of these new hires follows here. Marsh Announces Group of Promotions in UK, Global Placement Team Marsh, the...
People Moves: DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit; Chubb’s Overseas General Insurance Names Spagnoli as Head of Consumer Lines
Dec 12 2023 // This edition of International People Moves details appointments at DUAL France and Chubb’s Overseas General Insurance unit. A summary of these new hires follows here. DUAL Europe Taps Hiscox’s Hervé to Launch...
People Moves: Papanikolaou to Succeed Mueller as AGCS CEO and Will Lead Allianz Commercial; May Promoted to CEO of Lloyd’s Europe as Breitburd Steps Down
Dec 11 2023 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS) and Lloyd’s Europe. A summary of these new hires follows here. Papanikolaou to Succeed Mueller as...
European Union Agrees Landmark Deal Governing Use of Artificial Intelligence
Dec 11 2023 // Europe on Friday reached a provisional deal on landmark European Union rules governing the use of artificial intelligence including governments’ use of AI in biometric surveillance and how to regulate AI systems such...
Markets/Coverages: Howden Launches European Cyber & Tech E&O Facility
Dec 8 2023 // Howden, the global insurance group, today announces the launch of one of the first dedicated European cyber and technology errors & omissions line slips for primary business. The product is led by Canopius and IQUW...
People Moves: Ardonagh Group Announces Senior Management and Structural Shakeup; QBE Promotes Purkis in Continental Europe Distribution Team
Dec 7 2023 // This edition of International People Moves details appointments at the broker Ardonagh and QBE Europe. A summary of these new hires follows here. Ardonagh Group Announces Senior Management and Structural Shakeup The...
AXA Weighs $1.1B Disposal of European Protection Insurance Businesses: Sources
Dec 7 2023 // AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth up to 1 billion euros ($1.1 billion), two people close to the matter told Reuters. The French...
Brexit Backer and Inventor James Dyson Loses Libel Lawsuit Against UK Newspaper
Dec 1 2023 // James Dyson, the billionaire inventor of the bagless vacuum cleaner, lost a libel lawsuit on Friday against a British newspaper publisher over a column that branded him a hypocrite who had “screwed”...
