Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
No-Deal Brexit Is Still Possible with Trade Talks Remaining Snagged
Dec 1 2020 // A senior British minister said on Tuesday there was still a chance of a turbulent Brexit without a trade deal as talks with the European Union had snagged on fishing, governance rules and dispute resolution. Just 30 days...
Lloyd’s Gets Nod to Transfer European Policies to Lloyd’s Europe in Time for Brexit
Nov 30 2020 // Lloyd’s, the world’s leading insurance and reinsurance market, has received final approval from the High Court of England and Wales to transfer policies in the European Economic Area to Lloyd’s Insurance...
HDI Global Specialty Renews Agreement with German MGA AMANIKI
Nov 30 2020 // HDI Global Specialty SE has announced the renewal of its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI. The agreement also sees AMANIKI move from a co-insurance panel of capacity...
Vienna Insurance Bolsters Position in E. Europe with Purchase of Aegon Unit
Nov 30 2020 // Vienna Insurance Group AG bolstered its position as the biggest insurer in central and eastern Europe by agreeing to buy Aegon NV’s business in the region and in Turkey for 830 million euros ($990 million),...
Europeans Buy Older Cars to Avoid Public Transport During Pandemic
Nov 30 2020 // LONDON/MADRID – Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport? Welcome to Pandemic Motors, we have just what you need. Across Europe, people are snapping up old...
Established Insurers Could See Market Share Squeezed by Fintechs, EU Says
Nov 25 2020 // Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech firms are expected to...
Brexit Trade Talks Make ‘Genuine Progress,’ but Risk of No Deal Remains
Nov 25 2020 // The head of the European Union’s executive on Wednesday reported “genuine progress” in Brexit talks but said the risk of Britain leaving the EU without a new trade deal on Dec. 31 remained, an outcome she...
No-Deal Brexit Would Cause More Damage to UK than COVID: BoE’s Bailey
Nov 24 2020 // Bank of England Governor Andrew Bailey said on Monday a no-deal Brexit would cause longer-term damage to Britain’s economy than the COVID-19 pandemic, and the impact of the change might be felt for...
UK Finance Minister Is Optimistic About Brexit Deal – But Not at Any Price
Nov 23 2020 // British finance minister Rishi Sunak has said there is genuine progress in Brexit talks with the European Union, but that it would be better to walk away from a bad trade deal than tie Britain’s hands in the...
UK Hasn’t Compromised Enough for Brexit Trade Deal as Deadline Looms, EU Warns
Nov 20 2020 // The European Union warned that the UK hasn’t moved sufficiently to overcome the three main obstacles to a post-Brexit trade deal as three of the bloc’s leaders called for contingency plans to be stepped up in...
Lawmakers Aim to Ensure UK Financial Services Stay Competitive Globally After Brexit
Nov 20 2020 // Britain’s lawmakers launched an inquiry on Friday aimed at ensuring its financial services remain globally competitive after the country’s full departure from the European Union next month. “We’ll...
World Encouraged by Moderna, Pfizer Vaccines’ Success in Trials
Nov 16 2020 // Moderna Inc.’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report results that far...
U.S. Expected to Grant Safety Clearance for Boeing’s 737 MAX This Week
Nov 16 2020 // After a standoff with global regulators, management turmoil and a massive safety review, Boeing Co. is set to win U.S. approval on Wednesday to resume flights of its grounded 737 MAX. But the largest U.S. airplane maker...
Goldman Eyes More Business From Europe’s Insurers With Barclays Hire
Nov 13 2020 // Goldman Sachs has poached Barclays’ insurance banker Marguerite Bion to win more business from Europe’s biggest insurers as industry consolidation heats up amid anemic profitability and tightening...
U.S. Sanctions to Target Insurers In Fight Against Russia-to-Germany Nord Stream 2
Nov 12 2020 // The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that’s been halted almost...
UK Hopes New Task Force Reassures Business Leaders Over Brexit
Nov 12 2020 // Britain will attempt to reassure nervous business leaders that it appreciates the need for clarity on rules outside of the European Union by setting up a task force to discuss challenges 50 days before the transition...
EU Still Seeking Clarity Over Britain’s Financial Services, Insurance Rules
Nov 10 2020 // The European Commission is still waiting for Britain to say if it will diverge from European Union rules before Brussels can decide on UK financial market access, a spokesman for the EU executive body said on...
Q&A: Where Drugmakers Are in the Race for COVID-19 Vaccine
Nov 9 2020 // Drugmakers and research centers around the world are working on COVID-19 vaccines, with large global trials of several of the candidates involving tens of thousands of participants well underway. The following is what we...
EU Warns of New Wave of Consumer Scams Amid COVID Resurgence
Nov 9 2020 // The European Commission on Friday urged online platforms to gird for a fresh wave of consumer scams linked to the resurgence of COVID-19 infections in Europe and said they need to work harder against the spread of...
Coverys European Holdings Subsidiary Acquires Lloyd’s Italian Coverholder Gava
Nov 5 2020 // AEC Wholesale Group, a subsidiary of Coverys European Holdings (CEH), announced the acquisition of Gava S.R.L, a Lloyd’s coverholder based in Brindisi, Italy. AEC Group will assume 100% ownership of Gava, bringing...
