Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
The Mounting Cost of Piracy off Coast of West Africa: Opinion
Jul 3 2019 // Remember those Somali pirates? Earlier this decade, they brazenly hijacked giant oil tankers, demanded ransoms in the millions of dollars, and gave Tom Hanks yet another chance to play the everyman overcoming a...
Blast of Hot Air from Sahara Triggers Record Heatwave Across Europe
Jun 28 2019 // Europeans fought to stay cool as a blast of hot air from the Sahara desert sent temperatures to records in large parts of the continent and whipped up concern about climate change. Germany imposed speed restrictions on...
Wegener to Succeed Willaert as President of FERMA
Jun 27 2019 // The Federation of European Risk Management Associations (FERMA) has chosen as its next President Dirk Wegener, global head of Corporate Insurance for Deutsche Bank Group and a member of the German risk management...
Sweltering Heatwave in Germany Sparks Wildfires, Forces Speed Cut on Autobahn
Jun 27 2019 // A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest sign of extreme weather events ruffling Europe’s largest...
AIR Expands Europe Inland Flood Model, Updates UK Storm Surge Analysis
Jun 26 2019 // Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include the country of Poland in its model domain. AIR also announced that it has updated the...
Legacy Specialist Compre Completes 3 Run-Off Acquisitions
Jun 19 2019 // Compre, the London-based independent re/insurance legacy specialist, announced it has signed three transactions involving Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Co. Ltd. (Helvetia), and an undisclosed...
UK Business Executives Grow Increasingly Angry at Brexit Deadlock
Jun 17 2019 // There are only so many ways U.K. business chiefs can express their dismay at the Brexit deadlock engulfing the country. Frustration at politicians has morphed into outright anger in the three years since the referendum on...
ACORD InsurTech Innovation Challenge’s European Winner Is Riskbook
Jun 17 2019 // ACORD, the global standards body for the insurance industry, has announced that Riskbook was the winner of the London semi-final round of the ACORD InsurTech Innovation Challenge (AIIC), with RITA and Optimiz.Claims named...
Threat of No-Deal Brexit Isn’t Likely to Win EU Concessions: UK Business Chief
Jun 14 2019 // Threatening to leave the European Union without a deal isn’t likely to win Britain concessions from the bloc, the country’s biggest business group said in a warning to candidates jostling to succeed Prime...
EU Says It’s Ready for ‘Undesirable’ No-Deal Brexit, but Some Insurers Are Unprepared
Jun 13 2019 // The European Union said it’s ready for the U.K. to leave the bloc without a deal and isn’t planning any further contingency measures. In a progress report on its no-deal Brexit planning, the European Commission...
Lemonade’s European Expansion Begins in Germany
Jun 12 2019 // Lemonade is making good on its promise to expand into Europe, with news that it is now open for business in Germany. The New York-based startup said it has started offering contents and liability insurance in Germany,...
Regulators Warn But Slow to Fix Blind Spots on Rising Risky Corporate Debt
Jun 11 2019 // The steady drumbeat of warnings over the surge in risky corporate borrowing is growing louder and louder. Time and again, regulators in the U.S. and Europe have pointed to the hazards of businesses taking on too much...
MGA Insurtech GetSafe Lands $17M Financing to Fuel European Expansion
Jun 11 2019 // A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe’s new money will help propel an expansion into Great...
Insured Loss Estimate for European Storm Dragi-Eberhard Rises to €798M ($898.1M)
Jun 7 2019 // PERILS AG has disclosed its second loss estimate of €798 million ($898.1 million) for windstorm Dragi-Eberhard. This estimate compares to the initial loss estimate of €740 million ($832.9 million) which was issued by...
Swiss Re Plans IPO of $4.5 Billion UK Subsidiary ReAssure
Jun 7 2019 // Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion. ReAssure,...
Here’s How 11 Tory Contenders for UK Prime Minister Plan to Fix Brexit
Jun 6 2019 // Eleven Conservatives are in the running to succeed Theresa May as U.K. prime minister. Each has their own vision of how to fix Brexit, and their views are so divergent that whoever wins will struggle to unite the party...
London Must Avoid Becoming ‘Offshore’ Financial Center After Brexit, Says CFTC Chief
Jun 5 2019 // Policymakers should “tether” London to the European Union to avoid isolating the region’s largest financial hub, harming the euro zone economy and spawning an offshore financial center, the head of the...
Role of Workplace Hazards in Most Lung Diseases Is Overlooked: Researchers
Jun 5 2019 // More than 1 in 10 people with a range of non-cancerous lung diseases may be sick as a result of inhaling vapors, gas, dust or fumes at work, according to a joint American Thoracic Society and the European Respiratory...
Gallagher Finalizes Acquisition of JLT’s Global Aerospace Operations
Jun 3 2019 // Arthur J. Gallagher, the Rolling Meadows, Ill.-based insurance broker, confirmed the previously announced acquisition of Jardine Lloyd Thompson Group plc’s (JLT) global aerospace operations was completed on June 1,...
UK Business Group Warns Next Tory Party Leader to Avoid No-Deal Brexit
Jun 3 2019 // Prime Minister Theresa May’s successor must avoid a no-deal Brexit or risk losing the Conservatives’ moniker as the party of commerce, the U.K.’s biggest business lobby group said. The task facing the...
