Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Europe’s Insurers May Face New Capital Rules for Climate Risk
Jan 31 2025 // Europe’s insurance watchdog has called for a recalibration of capital requirements to reflect rising climate-driven disasters across the continent. The European Insurance and Occupational Pensions Authority is...
EU Says Drive to Simplify Will Not Weaken Climate Agenda
Jan 30 2025 // The European Union’s drive to simplify rules will not weaken the bloc’s climate change goals, European Commission President Ursula von der Leyen said. She was speaking on Wednesday after the Commission...
Climate Change Will Lead to Higher Deaths in Europe, Study Shows
Jan 29 2025 // As Europe gets hotter, more people are expected to die from extreme heat, outweighing the reduction in those killed by very cold weather. Cities in northern European regions such as the UK and Ireland and Scandinavia would...
Markets/Coverages: DUAL Europe Launches Cyber Active Protect Solution
Jan 28 2025 // DUAL Europe announced the launch of DUAL Cyber Active Protect, a new product that combines comprehensive cyber insurance with proactive cyber prevention services. It also has launched a new entity – DUAL Cyber Prevention...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch
Jan 24 2025 // The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR, according to a Fitch...
Italy’s Reale Mutua Eyes €1 Billion Deals in Europe Expansion
Jan 22 2025 // Italian insurer Societa Reale Mutua di Assicurazioni is looking to expand in Europe through acquisitions — and it’s ready to consider deals of up to €1 billion ($1 billion) to make it happen. “We’re...
EU Is Set to Shrink ESG Reporting Rules Amid French Demands
Jan 22 2025 // The European Union is set to scale back its highly contested ESG reporting requirements, as France prepares to unveil a formal proposal seeking to limit the scope of the regulatory framework. The French government is...
Generali, BPCE to Form Europe’s Second-Largest Asset Manager
Jan 21 2025 // Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry. The two firms signed a...
People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role as European Product Manager, Professional Indemnity
Jan 21 2025 // This edition of International People Moves details appointments at SCOR UK and SCOR Syndicate as well as QBE. A summary of these new hires follows here. SCOR UK Promotes Mummé-Young to CUO SCOR announced the appointment...
EU Plans Ban on ‘Forever Chemicals’ in Consumer Products
Jan 20 2025 // The European Commission intends to propose a ban on the use of PFAS, or “forever chemicals,” in consumer products, with exemptions for essential industrial uses, the EU’s environment chief told Reuters....
Jack Daniel’s Parent Firm to Cut Workforce, Close Barrel Plant in Kentucky
Jan 16 2025 // LOUISVILLE, Ky. (AP) — Spirits giant Brown-Forman Corp. said Tuesday it’s reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville. The cost-cutting moves come as...
Reeves’ Pressure on UK Watchdogs Spooks Financial Crisis Veterans
Jan 16 2025 // The UK’s push to deregulate its way to growth has got veterans of the last financial crisis worried that it’s sowing the seeds for another crash. Labour, for decades the political party that favored taming the...
Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says
Jan 14 2025 // The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO...
People Moves: Arch Insurance (EU) dac Promotes Smith to CEO, Succeeding Scheuer; BHSI Taps SCOR’s Le Gall as Head of Casualty in France
Jan 13 2025 // This edition of International People Moves details appointments at Arch Insurance and Berkshire Hathaway Specialty Insurance. A summary of these new hires follows here. Arch Insurance (EU) dac Promotes Smith to CEO,...
Europe Warns Airlines on Russia Airspace After Azeri Plane Crash
Jan 10 2025 // The European Union Aviation Safety Agency warned airlines to steer clear of several cities in Russia following the fatal crash of an Azerbaijan Airlines passenger jet that was likely shot down by Russian forces. EASA...
People Moves: WTW Names Wegbrans as Head of Corporate Risk & Broking Europe; Howden Re Taps Aon’s Nicholson, Lockton Re’s Riley for Aviation and Space Team
Jan 9 2025 // This edition of International People Moves details appointments at WTW and Howden Re. A summary of these new hires follows here. WTW Names Wegbrans as Head of Corporate Risk & Broking Europe Insurance broker WTW...
EU Bank Regulator Tightens ESG Rules as Climate Risk Grows
Jan 9 2025 // Europe’s financial regulator for banks said lenders in the bloc must regularly and comprehensively measure ESG risks, in new guidelines designed to shore up the industry amid growing threats to financial stability...
Europe Braces for Snow and Ice With UK Facing Amber Warnings
Jan 3 2025 // Northern Europe is facing freezing temperatures and snow, boosting heating demand and putting more pressure on the region’s depleting gas inventories. There are yellow weather alerts over Scotland on Friday, with the...
European Insurers’ Fundamentals Resilient to Moderating Premium Rates, Falling Yields
Dec 19 2024 // European insurers approached the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to present more challenges, with...
European Central Bank Pitches Plan to Boost Insurance Coverage for Climate Losses
Dec 19 2024 // The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms and other weather disasters that are increasingly being fueled by...
