Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Coronavirus Blocks Farm Laborers from Working in UK – in Possible Foretaste of Brexit
May 18 2020 // Britain’s fruit and vegetable farmers have long dreaded their country’s exit from the European Union, worrying that it would keep out the tens of thousands of Eastern European workers who come every year to...
Europe Faces Sweltering Summer with Below-Average Rainfall: Scientists
May 18 2020 // Europe is set for a sweltering and tinder dry summer this year, posing trouble for farmers, utilities and transportation on inland waterways. That’s the conclusion of scientists at the Copernicus Climate Change...
Everest Insurance Taps Patel from AIG Europe as UK Head of Transactional Risk
May 13 2020 // Everest Insurance announced the appointment of Sujal Patel as the UK Head of Transactional Risk for Everest Global Markets, which includes Everest Insurance Ireland, dac. and Lloyd’s Syndicate 2786. Patel brings more...
Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh
May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...
National Governments Must Help Provide Insurance for Future Lockdowns: EU Regulator
May 11 2020 // National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its...
Billions Will Experience ‘Sahara’ Like Heat in Next 50 Years, Report States
May 8 2020 // Roughly a third of the global population could experience an average annual temperature of 84.2 degrees Fahrenheit (29C) in the next 50 years, with temperatures currently found in small part of the planet, mostly...
FERMA Forms Task Force to Find Solution for Non-Damage BI Cover – Such as Pandemic
May 7 2020 // The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks. “Our aim is to...
Global Temperatures in April Matched Warmest on Record: European Climate Group
May 6 2020 // Temperatures in April were on par with the previous warmest April on record four years ago, with extremely high temperatures in some parts of Europe, Greenland and Antarctica. Above-average global temperatures meant April...
German Judge Casts Doubt on VW’s Defense in Landmark Diesel-Damages Case
May 5 2020 // A German federal court judge cast doubt on Volkswagen’s reasoning after the carmaker urged the court to dismiss a claim for damages brought by an owner of a diesel powered VW Sharan family van. Tuesday’s...
RMS Releases High Definition Models for European Severe Convective Storm
May 5 2020 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of new European Severe Convective Storm (EU SCS) High Definition Models. The models represent 50,000 years of simulation of hail and...
Brexit Trade Talks Back on Agenda After COVID-19 Hiatus, Facing Tight Timetable
May 1 2020 // Banks are dusting off their no-deal Brexit plans as concerns deepen that Britain and the European Union won’t agree a trade deal by December as the COVID-19 pandemic compounds fundamental disagreements over future...
Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies
Apr 29 2020 // Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters. This follows several years of continuous growth in underwriting...
German Economy Relies on Rhine River – But Levels Are Low Without April Rainfall
Apr 28 2020 // Germany’s spring showers haven’t materialized this year, and that’s drying out the country’s most important river, prompting concerns that key industrial goods might have trouble making it to their...
Earthquake Hits Croatia, a Month After Another Tremor Causes Damages of $6B
Apr 23 2020 // An earthquake rattled Croatia’s capital, a month after a stronger tremor left Zagreb in need of $6 billion for renovation, adding to a growing list of costs as the European Union battles the coronavirus. The...
Conspiracy Theorists Set Fire to Europe’s 5G Network Towers, Claiming Link to COVID-19
Apr 22 2020 // The CCTV footage from a Dutch business park shows a man in a black cap pouring the contents of a white container at the base of a cellular radio tower. Flames burst out as the man jogs back to his Toyota to flee into the...
AXA XL Forms New Leadership Team, Aims to Restructure with Regional Business Units
Apr 21 2020 // AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review. Key proposed changes to the operating model include the creation of a single global...
Ferrari Provides Coronavirus Tests so Employees Can Return to Work
Apr 21 2020 // Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume...
More White Collar Employees Starting to Face Pay Cuts, Layoffs
Apr 20 2020 // First, it was bars, restaurants, hotels. And clothing stores, movie theaters, entertainment venues. And countless small businesses, from bookstores to barber shops. Now, the record-setting flood of layoffs unleashed by the...
European Risk Mgmt Group FERMA Supports National Backstops for Future Pandemics
Apr 17 2020 // The Federation of European Risk Management Associations (FERMA) support the development of government backstops to increase financial resilience against future pandemic risks – similar to what already exists in many...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S.
Apr 16 2020 // Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to the coronavirus pandemic, said the company in a...
