Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Coronavirus Pandemic Will Have Severe Impact on Social Inflation: Fitch’s Mazzuoli
Sep 15 2020 // Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has led the insurance...
Google’s YouTube Sued for $3 Billion in UK over Use of Children’s Data
Sep 15 2020 // Alphabet Inc.’s Google faces a multibillion-dollar lawsuit in the UK over claims that YouTube routinely breaks privacy laws by tracking children online. The suit, filed on behalf of more than 5 million British...
Facebook Going to Court in Ireland to Salvage Its EU to U.S. Data Transfer Practices
Sep 11 2020 // Facebook Inc. launched legal action on Friday against Ireland’s Data Protection Commission in an attempt to halt a proposed order that could stop the company from transferring data from the European Union to the...
Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase
Sep 11 2020 // Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as a result of hefty coronavirus claims and low interest rates. The good news for companies,...
EU Wants Better Self-Regulation by Facebook, Google, Twitter; Plans Liability Changes
Sep 11 2020 // Two years after agreeing to a self-regulatory code of practice to tackle disinformation, Facebook, Alphabet’s Google, Twitter and other tech rivals must try harder to be more effective, the European Commission said...
More Questions Raised Following EU Ruling on U.S. Data Transfer Privacy Shield
Sep 10 2020 // The key mechanism used by Facebook to transfer data from the European Union to the United States “cannot in practice be used” for such transfers, according to Ireland’s Data Protection Commission,...
European Insurers Worried Regulators May Block COVID-19 Dividends
Sep 9 2020 // Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The pandemic will likely lead to...
Fears of Brexit With No Trade Deal Rise Over State Aid Dispute
Sep 4 2020 // The chances of Britain leaving the European Union without a trade deal have risen sharply as negotiations have been threatened by London’s insistence that it have full autonomy over its state aid plans, negotiators...
Pandemic Shows Why Climate Change Is Major Economic Risk, Says Europe’s Schnabel
Aug 31 2020 // The coronavirus pandemic demonstrates in the clearest terms why central banks must take a bigger role in fighting climate change even if the issue at first appears unrelated to monetary policy, European Central Bank board...
Germany’s Merkel Urges Stronger Global Effort on Climate Change
Aug 28 2020 // German Chancellor Angela Merkel said on Friday that global efforts to combat climate change were insufficient, and that she would accelerate the fight to combat it in coming years. At a news conference, she said the...
European Union Safety Agency to Start 737 MAX Flight Tests
Aug 27 2020 // The European Union Aviation Safety Agency (EASA) said on Thursday it plans to begin flight tests of U.S. planemaker Boeing Co.’s 737 MAX plane in Vancouver, Canada, in the week starting Sept. 7. The test flights will...
EU Officials Erase Brexit from Meeting Agenda Citing Scant Progress in Talks with Britain
Aug 27 2020 // A discussion about the negotiations over Britain and the European Union’s post-Brexit relationship has been dropped from the agenda of a meeting of EU envoys next week because the talks have stalled, an EU diplomat...
Limited Liability Protection for Drugmakers Hampers EU Coronavirus Vaccine Deals
Aug 26 2020 // The European Union is offering only partial protection to vaccine makers against legal risks from side-effects of their potential COVID-19 shots, European officials said, in a move that is hampering deals and contrasts...
Marco Capital Targets Europe’s P/C Insurance Run-Off Market
Aug 24 2020 // Newly-launched Marco Capital Holdings Limited plans to pursue property/casualty insurance run-off opportunities in Continental Europe, the UK and Lloyd’s of London. Marco enters the European run-off arena with...
Britain, EU Report Little Progress on Post-Brexit Deal
Aug 24 2020 // Britain and the European Union made scant progress towards a deal on future ties in talks last week, and their chief negotiators blamed each other for the stalemate as time ticks down to an end-of-year...
Dispute Among EU Regulators Delays Twitter Data Privacy Fine
Aug 20 2020 // Some European Union regulators objected to Ireland’s preliminary ruling in a landmark privacy investigation of Twitter, the lead regulator said on Thursday, triggering a process where a majority decision will be...
As Harvest Losses Continue, German Farmers Seek Insurance Subsidy
Aug 18 2020 // Germany’s 2020 grain harvest will fall below average for the third year in a row as farmers grapple with extreme weather conditions, the DBV farmer’s association said on Tuesday. The grain harvest this year is...
Europe Urged to Focus on Those Who Must Pay Off Debt After Pandemic
Aug 18 2020 // Rebuilding Europe after the coronavirus pandemic will be akin to the post-World War II reconstruction effort and the bloc must reaffirm its core values despite challenges from global powers, former European Central Bank...
Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties
Aug 17 2020 // Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co’s...
Insured Losses for Europe’s Storm Sabine (aka Ciara/Elsa) Estimated at €1.6B: PERILS
Aug 11 2020 // The industry loss footprint for extratropical cyclone “Sabine” – also known as “Ciara” and “Elsa” – is estimated at €1.61 billion (US$1.9 billion), according to PERILS, the...
