Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Gallagher Re Taps Aon’s Bowen as Chief Science Officer; Aon Names Jursa CEO of Commercial Risk, Czech Republic; Gridel Joins Howden M&A to Lead Europe Biz Devel
Sep 19 2022 // This edition of International People Moves details appointments at Gallagher Re, Aon and Howden M&A. A summary of these new hires follows here. Gallagher Re Names Aon’s Bowen as Chief Science Officer Gallagher...
EU Proposes Rules Targeting Cybersecurity Risks of Smart Devices
Sep 16 2022 // From laptops to fridges to mobile apps, smart devices connected to the internet will have to be assessed for their cybersecurity risks under draft European Union rules announced on Thursday, amid concerns about a spate of...
3M Belgian Settlement Signals Increased Risk of ‘Toxic Torts’ in Europe
Sep 16 2022 // “Toxic torts,” which are lawsuits alleging damage to human health or the environment caused by specific substances, are increasingly common in the United States. They can cost defendants hundreds of millions,...
Greek-Managed Vessel Shipped Coal From Russia Despite EU Sanctions
Sep 15 2022 // A vessel managed by a company based in Greece transported coal from a port in Russia late last month, after European Union sanctions on the commodity had come into force, according to maritime data reviewed by...
Catastrophe Data Company PERILS Expands Coverage to Include European Flood
Sep 13 2022 // PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has announced the expansion of its market coverage to include exposure and event loss data for European floods. The new...
Web-Connected Devices May Have to Meet New EU Cybersecurity Rules
Sep 8 2022 // Providers of internet-connected technology – from Apple iPhone software to baby monitors – will have to meet new cybersecurity requirements in the European Union or face fines and possibly have the product taken off...
EU Plans Price Cap on Russian Gas as Putin Threatens to Halt All Supplies
Sep 7 2022 // BRUSSELS/VLADIVOSTOK, Russia – The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of...
Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing
Sep 7 2022 // Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s...
People Moves: Sompo Int’l Taps Zurich’s Brand as President, Continental Europe; HDI Global Specialty Promotes Candi in Italy Branch; DUAL APAC Promotes 2 Execs
Sep 2 2022 // This edition of International People Moves details appointments at Sompo International, HDI Global Specialty, and DUAL Asia Pacific. A summary of these new hires follows here. Sompo International Taps Zurich’s Brand...
Cyber Attacks on Western European Firms on the Rise Since Ukraine War: Italy Minister
Sep 2 2022 // Italy’s foreign minister said cyber attacks on western European companies have risen following the Russian invasion of Ukraine, as Rome deals with the fallout from hacker actions targeting energy companies earlier...
EU Urged to Simplify Life for Companies by Aligning Climate Reporting With Int’l Rules
Sep 1 2022 // The European Union should make extra time to align its policies with international rules on reporting on climate change to save time in the long run and simplify life for companies, global standard setting board said on...
Win for Qualcomm as No EU Appeal Court Ruling Against $991M Fine
Aug 29 2022 // EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against Qualcomm, people familiar with the matter said, in a major win for the U.S. chipmaker that ends a...
Europe’s Record-Breaking Summer Heat Wave Will Be the Norm by 2035: Report
Aug 25 2022 // Europe’s record-breaking heat wave will be just an average summer in less than 15 years — even if countries meet their climate goals — with regular droughts and fires set to become the norm. By the end of the...
Russian Coal Exports Effectively Halted by EU Ban, With Re/Insurance as Key Factor
Aug 25 2022 // Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the fuel to anywhere in the world. Suek JSC, Russia’s largest thermal coal miner, was...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData
Aug 23 2022 // Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability of property/casualty insurers in 2022-24, according to the London-based data and analytics company...
Europe’s Drought May Be Worst in 500 Years: Report
Aug 23 2022 // Europe is currently in the throes of a drought that appears to be the worst in at least 500 years, according to a preliminary analysis by experts from the European Union’s Joint Research Center. Some 64% of the EU is...
Confusion About ESG Prompts EU Watchdog to Urge Rethinking of Rulebook
Aug 22 2022 // Europe’s markets watchdog is calling for a rethink of the region’s ESG investing rulebook after finding that the existing framework is being misinterpreted. At issue is the tendency of fund managers and their...
War-Damaged Ukraine Nuclear Plant Could Threaten Europe’s Energy Grid
Aug 19 2022 // Diplomats concerned about an atomic accident at a war-damaged nuclear power plant in Ukraine should also turn their attention to a larger and looming danger, according to engineers who study critical...
Insured Losses From February’s European Windstorms Estimated at €3.7B: PERILS
Aug 19 2022 // Insured losses for the European windstorm series, which affected the British Isles and continental Europe in February 2022, are estimated at €3.739 billion (US$3.8 billion), according to PERILS, the independent...
Scope of EU Ban on Russian Coal and Fertilizers Jolts Insurers
Aug 15 2022 // The European Union jolted insurers and shippers by clarifying that a ban on EU entities servicing exports of Russian coal and some fertilizers applies to shipments anywhere in the world. An EU ban on imports of Russian...
