Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Europe Needs Its Own Approach to Coronavirus Tracing, Say German Tech Startups
Apr 15 2020 // Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on Tuesday. Apple and Google...
Italy’s Generali to Pay 2019 Dividend, Resisting EU Regulatory Guidance
Apr 13 2020 // Italy’s biggest insurer Generali on Friday said it would pay its 2019 dividend in two tranches, confirming a total payout of 0.96 euros per share, citing its strong capital position. The announcement flies in the...
Stresses of COVID-19 Hit Businesses, Their Insurers, so Partnership Is Needed: FERMA
Apr 7 2020 // The Federation of European Risk Management Associations (FERMA) has called for enhanced understanding of the insurance needs of European businesses to help them get through the pandemic and recover afterwards. “Many...
European Watchdog Urges Re/insurers to Suspend Dividends During Pandemic
Apr 7 2020 // The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the level of uncertainties connected to the impact of the COVID-19...
Health-Care Providers See Surge in Ransomware Attacks in Europe, U.S.
Apr 3 2020 // When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce. The...
Lemonade Launches in Its 2nd European Country: The Netherlands
Apr 2 2020 // Lemonade, the New York-based insurer that is powered by artificial intelligence, has launched in a second European country – the Netherlands. Dutch consumers can now get contents and liability insurance instantly,...
EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts
Apr 1 2020 // European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, sources said. Without...
Insured Losses from Europe’s Storm Victoria (aka Dennis) Estimated at €286M: PERILS
Mar 30 2020 // The initial insured property loss estimate for Europe’s extratropical cyclone “Victoria,” also known as “Dennis,” is an estimated €286 million (US$318.4 million), according to PERILS, the...
China’s Factories Hit with 2nd Blow from Coronavirus as External Demand Drops
Mar 27 2020 // Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders already made, putting goods ready to be shipped on hold until further notice, or asking...
Pandemic Hampers World’s Weather Forecasts with Halting of Commercial Flights
Mar 26 2020 // The pandemic that has idled scores of commercial flights is having a little-noticed consequence for meteorologists, whose forecasts rely in part on data collected from planes. That means a crucial eye in the sky has...
Insured Losses for Europe’s Storm Sabine (aka Ciara) Estimated at €1.55B: PERILS
Mar 24 2020 // The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according to PERILS, the independent Zurich-based...
Swiss Re Names da Victoria Lobo as Market Executive for Western, Southern Europe
Mar 24 2020 // Swiss Re has announced that Nikhil da Victoria Lobo, currently managing director and head of Americas for its Public Sector Solutions (PSS) Division, has been appointed market executive for Western and Southern Europe...
Supply Chain Problems Move from China to U.S. and Other Nations
Mar 23 2020 // Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most...
Western Supply Chains Begin to Buckle on Expanding Coronavirus Lockdowns
Mar 23 2020 // Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI
Mar 20 2020 // Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result of the coronavirus outbreak because pandemic-related claims are excluded from most business interruption...
Coronavirus Strikes Post-Brexit Trade Talks with Top Negotiators in Isolation
Mar 20 2020 // The coronavirus has struck at the heart of the post-Brexit trade talks between Britain and the European Union, with both sides’ top negotiators now in isolation. David Frost, the UK’s chief negotiator, is...
EU Insurers Must Preserve Capital Positions as Coronavirus Crisis Escalates: Watchdog
Mar 18 2020 // Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the European insurance watchdog...
EU Regulators Ask Firms to Delay M&A Antitrust Filings Due to Coronavirus
Mar 17 2020 // European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of agreed deals. Among the...
Europe’s Soccer Clubs May Face $1B Bill if Coronavirus Forces Season Cancellation
Mar 16 2020 // If the coronavirus forces Europe’s soccer leagues to cancel the rest of the season, TV networks may be able to demand more than $1 billion in compensation. The move to suspend international games and competitions in...
Coronavirus Drives Patients to Online Doctors, Spurring Telemedicine Sector
Mar 13 2020 // The new coronavirus that’s forcing lockdowns and roiling economies is spurring a silent revolution in the field of telemedicine. As COVID-19 spreads across Europe, leaving new patients in its wake, the fear of...
