Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU’s Data Privacy Law Places AI Use in Insurance Under Closer Scrutiny
May 22 2018 // Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools...
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22 2018 // Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s...
CNA Hardy Names Leroy as French Country Manager
May 21 2018 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, is has appointed Delphine Leroy as country manager for France. Reporting to Stuart Middleton, CEO Continental...
Why Lloyd’s Chose Brussels for Post-Brexit Outpost: CEO Beale
May 21 2018 // Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington,...
It’s Up to Insurers to Prevent Brexit Disruption of Policies, Warns EU Chief
May 17 2018 // There is no guarantee that Brexit won’t disrupt millions of insurance and derivative contracts and it is still up to firms to take preventive measures, the European Union’s financial services chief said on...
Aspen Seeks OK for Post-Brexit Insurance Subsidiary in Ireland
May 16 2018 // Bermuda’s Aspen Insurance Holdings Limited has asked the Central Bank of Ireland to authorize a new insurance subsidiary in Dublin, Ireland. Aspen said it is pursuing the new Irish subsidiary – Aspen Insurance...
GDPR Insurance: Coverage for Fines Hard to Find But Other Non-Compliance Costs Insurable
May 16 2018 // The civil fines for non-compliance with the European’s new data privacy law can be steep but organizations across Europe should not expect to have their insurance cover them. Unless the business or organization is in...
UK, France, Germany Huddle on Iran Oil Tanker Insurance
May 15 2018 // If European powers are to succeed in holding together a nuclear deal with Iran that the U.S. abandoned a week ago, then one issue they’ll need to consider is the insurance of oil tankers hauling the Persian Gulf...
U.S. Warns European Businesses on Sanctions If They Do Business with Iran
May 13 2018 // European countries and companies that continue to do business with Iran could face U.S. sanctions, National Security Adviser John Bolton said Sunday. Part of the flaw with the Iran deal that President Donald Trump rejected...
Oil Shippers Face Insurance Uncertainty with Return of U.S. Sanctions on Iran
May 11 2018 // Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran after President Trump said on Tuesday he was reinstating a raft of sanctions against the Persian Gulf country. The...
Aon’s April Catastrophe Report: Storms Deal Blow in U.S.; Floods Take 78 Lives in Africa
May 10 2018 // During April, five separate storm systems caused severe thunderstorms across the United States, the strongest of which affected the Plains, Midwest, Southeast, Mid-Atlantic, and the Northeast, with nearly 70 tornado...
With Just Weeks to Go for GDPR, Europe’s Regulators Say They’re Underfunded, Unprepared
May 9 2018 // FRANKFURT/BRUSSELS/PARIS— Europe’s General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web. There’s one problem: many of the...
Tokio Marine Receives Approval for Subsidiary in Luxembourg
May 8 2018 // Tokio Marine Group said it has received regulatory approval from Luxembourg’s Commissariat aux Assurances and the Japanese Financial Services Authority to set up a new insurance company in Luxembourg. The new...
Sompo Completes Integration of Nipponkoa Insurance of Europe as Subsidiary
May 8 2018 // Bermuda-based specialty insurer and reinsurer Sompo International Holdings Ltd. said that the integration of Sompo Japan Nipponkoa Insurance Company of Europe Limited (SJNKE) into Sompo International reached a significant...
Insurers Advance Post-Brexit Hub Plans Despite Promises of Transition
May 7 2018 // Lloyd’s of London, AIG, Allianz and other insurers are ignoring assurances and establishing new hubs in Britain and the European Union before Brexit in March 2019 to ensure access to customers. The moves come despite...
European Central Bank Test Simulates Cyber Attacks on Financial Firms
May 3 2018 // The European Central Bank has designed a new test simulating cyber attacks on banks, stock exchanges and other firms that are critical for the functioning of the financial system, it said on Wednesday. The move follows a...
Facebook Loses Bid to Delay EU Data Privacy Suit
May 2 2018 // Ireland’s High Court has refused a request by Facebook to delay referral to Europe’s top court of a landmark privacy case that could strike down legal instruments used by U.S. tech companies to transfer EU...
U.K.-EU Brexit ‘Working Group’ Tasked with Fate of Insurance Policies
May 2 2018 // The European Central Bank and the Bank of England have been drafted in to study the threats that Brexit poses to financial services. Just don’t expect this “technical working group” to save the...
Facebook Wants to Block Top EU Court from Getting Key Privacy Case
May 1 2018 // Facebook bid on Monday to block referral of a landmark privacy case to Europe’s top court by requesting a last-ditch appeal, seeking to avoid a potential ban on the legal instrument it uses to transfer users’...
Beazley Launches GDPR Helpline for UK Policyholders
Apr 25 2018 // Beazley has partnered with international law firm DAC Beachcroft to launch a General Data Protection Regulation (GDPR) helpline for its Beazley Breach Response (BBR) policyholders in the UK. The new GDPR regulations, which...
