Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Sompo Global Risk Solutions Launches Team in London to Serve UK, Europe Markets
Jul 2 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in...
Allianz Global Corporate & Specialty Restructures to ‘Regain Profitability’
Jul 1 2020 // Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain profitability and market leadership in the corporate and specialty...
UK Proposals for Financial Services ‘Unacceptable:’ EU Brexit Negotiator
Jul 1 2020 // LONDON – British proposals to give the City of London access to the European Union are “unacceptable” because they seek to maintain the benefits of the single market without the obligations, the...
Report Highlights Need for Better Risk Management on Europe’s Container Ship Routes
Jun 29 2020 // A Dutch safety watchdog said Thursday [June 25] that it is “undesirable” for large container ships to use a shipping route through an environmentally sensitive, shallow sea off the coast of the Netherlands,...
SoftBank May Sue Wirecard Accountant EY; EU Probes Germany’s Regulator
Jun 26 2020 // The European Union is investigating Germany’s financial regulator over the collapse of payments company Wirecard in a rare move that heaps embarrassment on Berlin days before it is due to take over the EU’s...
Ireland, Luxembourg Lag in Support for Policing EU Data Privacy Compliance
Jun 25 2020 // Ireland and Luxembourg, European headquarters to Google, Facebook, Twitter and Amazon, need a substantial boost in resources to deal with data breaches by U.S. tech giants, a European Union report said. The report by the...
Global Institutional Investors, Including Insurers, Urge Brazil to Control Deforestation
Jun 24 2020 // A group of 29 global investment firms that manage $3.7 trillion are demanding meetings with Brazilian diplomats around the world to call on right-wing President Jair Bolsonaro’s government to stop soaring...
UK, EU Likely to Miss Deadline for Accessing Financial Services After Brexit: Sources
Jun 24 2020 // Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services, leaving just six months before a potentially messy UK exit, financial industry and EU...
UK Insurance Broker Ardonagh Group Secures $2 Billion Loan for Acquisitions
Jun 23 2020 // UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender. The group is refinancing its debt with a 1.575...
No-Deal Brexit Would Deepen Economic Pain for UK’s Coronavirus-Hit Companies
Jun 16 2020 // Trade talks between the EU and UK have struggled in recent weeks, increasing the prospect that Britain departs the bloc without a deal and that businesses face an extreme shock when the divorce takes effect. It’s a...
Germany’s Rhine River at Dangerously Low Levels, Which Could Disrupt Shipping
Jun 9 2020 // Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades, prompting fears of shipping disruption on Europe’s most important inland waterway. After spring showers...
Senators Seek to Expand U.S. Sanctions to Insurance for Russia-Europe Pipeline
Jun 4 2020 // U.S. senators will announce a bill this week expanding sanctions on Russia’s Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas. The...
Billionaire Del Vecchio Doesn’t Seek Merger Between Generali and AXA or Zurich: Source
Jun 3 2020 // Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger with rivals AXA or Zurich, a source close to the billionaire said on...
No-Deal Brexit Could Hobble UK’s Recovery from Coronavirus Pandemic
Jun 3 2020 // The threat of a no-deal Brexit is back — and with it the risk that the UK economy’s shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into the last...
Farm Workers Getting Sick, Spreading Coronavirus As Peak Produce Season Begins
May 29 2020 // All of the roughly 200 employees on a produce farm in Tennessee tested positive for Covid-19 this month. In New Jersey, more than 50 workers had the virus at a farm in Gloucester County, adding to nearly 60 who fell ill in...
Google Urges EU to Use Current Laws, Not New Ones, to Regulate Artificial Intelligence
May 29 2020 // Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and cautioned against a one size fits all regulatory framework because of AI’s...
Allianz and Generali Plan to Sell Life Insurance Assets: Sources
May 28 2020 // Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as...
EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks
May 26 2020 // A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday. This would involve...
Report: Financial Community Sees Climate Risk as Improperly Priced
May 21 2020 // Climate risk is widely seen in the financial community as being improperly priced. A recent survey with an emphasis on the financial sector shows the overwhelming majority of respondents think that climate risk has only...
Brexit Talks Become Acrimonious as UK Slams EU’s ‘Unworthy’ Trade Offer
May 20 2020 // Boris Johnson’s chief Brexit negotiator accused the European Union of offering the UK only a “low-quality” trade deal as talks between the two sides descended into acrimony. In a dramatic intervention in...
