Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU Agrees to $60 Price Cap for Russian Oil, Allowing Buyers to Access Insurance
Dec 2 2022 // The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal, according to a Polish diplomat. The price is higher than where Russia already sells most of its...
EU Takes ‘First Step’ to Certify Removals of Carbon Dioxide From Atmosphere
Dec 2 2022 // The European Union set out plans on Wednesday to certify removals of carbon dioxide from the atmosphere, while leaving key details to be worked out later – including how these removals will be counted towards EU...
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
Dec 1 2022 // Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said...
Mosaic Insurance Launches Frankfurt Office to Boost European Growth
Nov 29 2022 // Bermuda-based Mosaic Insurance is ramping up its global growth plan with the opening of an office in Frankfurt, Germany to meet high demand for cyber and transactional liability coverage through Continental Europe. The...
EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants
Nov 29 2022 // Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on “cloud computing” giants such as Amazon, Microsoft, Google and...
People Moves: Tysers Insurance Brokers Names Former Chubb Exec Kendrick as Chair; Tokio Marine HCC Int’l Promotes Herrero as CEO for European Operation
Nov 28 2022 // Tysers Insurance Brokers Names Former Chubb Exec Kendrick as Chair Tysers Insurance Brokers, the London-based broker, announced the appointment of Andrew Kendrick as non-executive chair. The appointment is effective Dec....
Liberty Mutual Explores $1 Billion Sale of Europe Businesses
Nov 23 2022 // Liberty Mutual Holding Co. is exploring a sale of its businesses in Spain, Portugal and Ireland, according to people familiar with the matter, joining other American insurers retreating from the region. The US insurer is...
Is Britain Starting to Have Second Thoughts About Brexit?
Nov 23 2022 // Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. More than six years after voting to leave the European Union, the UK is facing a prolonged recession, a deep cost-of-living...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
Nov 22 2022 // Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK’s exit from the European Union. Since the Irish unit includes the...
UK Insurers Provide Test Case for Post-Brexit ‘Unshackling’ From EU Capital Rules
Nov 17 2022 // The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to “unshackle” the City of London after leaving the European...
Bank of England Chief Questions Government Plan for Post-Brexit Financial Rules
Nov 17 2022 // Bank of England Governor Andrew Bailey took the British government to task on Wednesday over its plan to give itself veto powers over post-Brexit financial rules written by independent regulators, including the central...
EU Monitors FTX Collapse as Major Crypto Law Enters Final Stages
Nov 16 2022 // The European Union is monitoring the collapse of crypto exchange FTX Group as the bloc tries to cross the finish line on adopting a broader set of regulations for digital assets. The bloc is examining whether the crisis...
European Countries Face Strikes, Protests Due to High Energy Prices, Cost of Living
Nov 15 2022 // European countries are facing strikes and protests due to high energy prices and mounting costs of living. Here are details of some recent and current industrial actions and demonstrations. BRITAIN * More than 70,000...
People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines
Nov 15 2022 // This edition of International People Moves details appointments at Marsh, SCOR, and Chubb Global Markets, A summary of these new hires follows here. Marsh Names Adamantiadis as CEO, Continental Europe Marsh, the insurance...
Ukraine War, Geopolitics Fuel Cyber Attacks: EU Agency
Nov 4 2022 // Geopolitics such as Russia’s invasion of Ukraine has led to more damaging and widespread cybersecurity attacks in the year to July, EU cybersecurity agency ENISA said in its annual report on Thursday. ENISA’s...
Europe’s Biggest Copper Smelter Hit as Part of Wider Cyberattack on Metals Industry
Oct 31 2022 // Aurubis, Europe’s biggest copper smelter, said on Friday it had been targeted as part of a wider cyberattack on the metals and mining industry which had forced it to shut down its IT systems and disconnect them from...
People Moves: Argenta Taps AXIS Re’s Haynes as Marine XoL U/W; Fusion Names Senior Hires in Singapore, Hong Kong; BMS Appoints Tesei for European Energy Reinsurance
Oct 27 2022 // This edition of International People Moves details appointments at Argenta Syndicate Management Ltd. (ASML), Fusion and BMS Group. A summary of these new hires follows here. Argenta Appoints AXIS Re’s Haynes as...
Brexit Results in ‘Substantial Negative Impact’ on Trade Between UK and EU: Report
Oct 19 2022 // Brexit resulted in a “substantial negative impact” for trade in both directions between the European Union and the UK, according to Ireland’s Economic and Social Research Institute. Trade from UK to the...
EU’s Sanctions Against Russia Could Deprive Some of World’s Tanker Fleet of Insurance
Oct 19 2022 // The European Union’s latest sanctions on Russian petroleum could end up depriving a swath of the world’s tanker fleet of industry standard insurance, a move that threatens to undermine US efforts to avert an...
EU, U.S. Eye Level Playing Field for EU Electric Cars in U.S. Market
Oct 14 2022 // European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric car makers, the same status as U.S. ones in the U.S. market, to avoid what the EU calls discrimination against...
