Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU Sources Say Brexit Deal with Britain on Social Benefits ‘Closer’: Reuters
Oct 7 2020 // Britain and the EU are closer to agreement on reciprocal social security rights for their citizens after Brexit, two diplomatic sources said, with one describing talks last week on an elusive trade deal as “one of...
Top EU Court Rules Mass Spying on Phone, Internet Data Is Unlawful
Oct 6 2020 // The European Union’s top court ruled on Tuesday that unrestrained mass surveillance of phone and internet data is unlawful, in a move which could curb the powers of spying agencies in France and other EU...
Allianz CEO Cautions European Governments on Spending for Coronavirus Recovery
Oct 6 2020 // Allianz CEO Oliver Baete said on Tuesday that European governments needed to be careful about spending record amounts on the COVID-19 crisis as many ordinary people would be angry when they were handed such a vast...
Legacy Reinsurer Premia Agrees to Buy Navigators Holdings (Europe) from The Hartford
Oct 5 2020 // Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. has agreed to acquire Navigators Holdings (Europe) NV and its associated companies from The Hartford. Navigators’ associated companies are...
SCOR Global P&C Restructures with Aim to Be More Responsive on Regional Basis
Oct 5 2020 // SCOR Global P&C is making a number of changes to its organizational structure to be more responsive on a regional basis, according to SCOR Global P&C CEO Jean-Paul Conoscente, who sent a message to clients on...
More Than 7,500 Financial Services Jobs Move to Europe from London: EY Brexit Tracker
Oct 1 2020 // More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said on Thursday. Banks, insurers and asset...
Private Equity Firm Hg Invests in Hyperion in Transaction Valued at US$5 Billion
Sep 30 2020 // Hg, the European private equity investor focused on software and service businesses, announced it will make a significant long-term equity investment in Hyperion Insurance Group Ltd., the insurance intermediary. The...
Reinsurance Experience in Africa, Asia Sets MGA Tempo Underwriting Apart
Sep 29 2020 // Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. “For a reinsurance MGA to be successful and to have a strong offering,...
Major U.S. Tech Firms Look to Be Ignoring Europe’s Data Privacy Rules
Sep 28 2020 // Technology firms’ compliance with European restrictions on transatlantic data transfers is shockingly poor, Austrian privacy campaigner Max Schrems said on Monday, publishing a survey of companies including Facebook...
EU Strikes Low-Cost Deal With AstraZeneca to Pay COVID-19 Vaccine Claims
Sep 28 2020 // European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different terms to a deal struck with Sanofi, an EU official told Reuters. The...
New York Again Ranks as Top Global Financial Hub But London Gains in Volatile Index
Sep 25 2020 // New York again heads the rankings of the world’s leading global financial centres. The Global Financial Centres Index 28, launched by London think tank Z/Yen Group in partnership with the China Development Institute...
Insurers May Cut Allocations to Poorly Performing Hedge Fund Investment Sector
Sep 24 2020 // Having complained for years about hedge funds’ high fees and lackluster performance, insurance firms may be preparing to cut allocations to the sector after its poor performance during recent market upheaval left...
Toyota Insurance in Europe Joins Swiss Re’s Vehicle Risk Rating System
Sep 23 2020 // Toyota is the newest partner in the Swiss Re platform that provides a risk score on vehicles so insurers can develop premiums that reflect new safety features. Through this partnership with Toyota Insurance Services...
COVID-19 Vaccine Makers Expect EU Liability Shield for Unexpected Side-Effects
Sep 22 2020 // Vaccine makers will be indemnified in Europe if their COVID-19 shots cause unexpected side-effects, an industry official said on Tuesday, as nearly 40 firms pursue talks on possible authorisation for shots in...
Banks, Insurers Await ‘Brexit Dividend’ of ‘British-Style’ Regulation
Sep 22 2020 // Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will soon unveil new...
Facebook Tells Irish Court That It Needs Data Transfer Mechanism to Operate
Sep 21 2020 // Facebook has told Ireland’s High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing court documents...
EU’s Barnier Still Hopes for UK Trade Deal Despite Latest Crisis
Sep 18 2020 // The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible despite a new crisis in the tortuous four-year saga, diplomatic...
How Spain’s COVID Tracing App Navigates Europe’s Privacy Protections
Sep 17 2020 // “What does RadarCOVID not do?” a promotional video for Spain’s contact-tracing app asks. The answer: while navigating the country’s decentralized healthcare system, it does not locate users,...
Soccer Star Messi Scores Trademark Victory Over Massi in EU Court
Sep 17 2020 // Barcelona and Argentina captain Lionel Messi has won a legal battle over trademark rights relating to his own logo after the European Union’s top court on Thursday dismissed an appeal against the player from a...
Chances for Brexit Deal With Britain Fade Every Day, Warns European Union Leader
Sep 16 2020 // Every passing day reduces chances for sealing a new trade deal with Britain, the European Union’s chief executive said on Wednesday, warning London that there was “very little time” left to put an...
