Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Beazley Taps XL Catlin’s Taboada, Zurich’s Misol as Financial Lines U/Ws, Spain
Oct 30 2017 // Specialist insurer Beazley continues to build its international specialty lines team, with the appointments of Estefania Taboada and Ana Misol as financial lines underwriters in Barcelona. Their appointments follow the...
UK Faces Bad Deal for Brexit, Gloomy Outlook: S&P, Fitch
Oct 30 2017 // Standard and Poor’s and Fitch held their credit ratings for Britain unchanged on Friday [Oct. 27], but both remained gloomy about the outlook due to the likelihood of the country reaching a bad deal in its divorce...
Global Re/Insurers Seek Premium Hikes After Costly 3rd Quarter
Oct 27 2017 // Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in insured losses,...
EU President Tusk Believes UK Could Reverse Its Plans for Brexit
Oct 25 2017 // European Union President Donald Tusk revived the notion that the U.K. will stay in the bloc after all, as British Prime Minister Theresa May struggles with persistent splits in her government. Speaking 16 months to the day...
UK Must Secure Brexit Transition Deal or Risk Losing Jobs: Business Leaders
Oct 23 2017 // The British government must act urgently to secure a Brexit transition deal or risk losing jobs and investment in the country, business leaders representing millions of workers are due to warn. In a draft letter due to be...
Dutch Insurer Aegon Eyes Acquisitions Such as Smaller Competitor ASR
Oct 23 2017 // Aegon NV, the Dutch insurer that generates most of its business from the U.S., is scouting for acquisitions and has looked at companies including smaller rival ASR Nederland NV amid consolidation in the domestic market,...
5 Risk Management Associations to Develop Mutual Recognition of Certifications
Oct 19 2017 // Five of the world’s largest risk management associations have agreed to work together towards a recognition of their respective risk management designations/certification programs. The organizations, ALARYS (Latin...
Marsh Appoints Fahrig as CEO of Continental Europe Region
Oct 17 2017 // Marsh announced the appointment of Siegmund Fahrig as CEO of its Continental Europe region, effective immediately. Fahrig succeeds Flavio Piccolomini, who was recently appointed CEO of Marsh’s International Division....
May 2018 Deadline for EU’s Cyber Rule, GDPR, Spurs Corporate Action: Marsh
Oct 17 2017 // The upcoming implementation of the European Union’s General Data Protection Regulation (GDPR), which takes effect in May 2018, has elevated cyber risk to the top of the corporate agenda for organizations doing...
Ireland Readies for Hurricane Ophelia, One of Its Strongest Storms in 50-Plus Years
Oct 13 2017 // Ophelia strengthened into a Category 2 hurricane forecast to strike Ireland, where one of the nation’s strongest storms in half a century threatens everything from farms to a golf course owned by the family of U.S....
Beazley Begins Underwriting at New Dublin-Based Subsidiary
Oct 10 2017 // Specialist insurer Beazley has underwritten its first policies through its new Dublin-based insurance company, which was authorized by the Central Bank of Ireland in July. The company, Beazley Insurance, is rated...
Insurers to Crack Down on Illegal Fishing by Denying Coverage
Oct 6 2017 // A coalition of insurance firms agreed on Friday to crack down on pirate fishing by banning coverage for trawlers whose illegal catches are worth at least $10 billion a year. Firms would deny insurance for vessels on a...
German Firms with UK Operations Should Prepare for ‘Hard Brexit’
Oct 5 2017 // German firms with a presence in Britain should make provisions now for a “very hard Brexit,” Germany’s biggest industry group said on Thursday, because the government in London does not know what it...
Everest Re Taps AXIS Re’s Heizmann as Head of European Credit & Surety
Oct 4 2017 // Everest Re Group Ltd. announced that Markus Heizmann will join Everest Reinsurance (Ireland), dac, as head of its Zurich-based credit & surety operations. He will work alongside Laurent Arnould, head of Financial...
Willis Towers Watson Launches Facultative Re Hub for Germany, Austria, Switzerland
Oct 4 2017 // Willis Towers Watson has launched a hub that will focus on facultative reinsurance business across the German-speaking region of Germany, Austria and Switzerland (DACH). The broker said the hub will further enhance its...
Growing List of Re/Insurers Make Decisions on Post-Brexit EU Headquarters
Oct 3 2017 // Everest Re Group Ltd. has said its Dublin-based unit has received approval from the Central Bank of Ireland to become a non-life insurer, joining a growing list of insurers setting up regulated EU operations in case...
Everest Re Gets Nod to Launch Irish Insurer for EU Business; Aon’s Cross Is CEO
Oct 3 2017 // Everest Re Group Ltd. announced today that its Dublin-based subsidiary has been granted authorization in principle by the Central Bank of Ireland to operate as an authorized non-life insurer in Ireland. This entity, to be...
UK Regulators Eye Post-Brexit ‘Interim’ Status for EU-Based Financial Firms
Oct 2 2017 // Britain’s regulators could grant interim permission for European Union investment and trading firms to continue operating in the UK after the country leaves the bloc in 2019. Andrew Bailey, chief executive of the...
Climate Researchers Warn of Hotter Summers, More Wildfires, in Southern Europe
Sep 29 2017 // Climate researchers are warning that Europeans should prepare for the return of “Lucifer,” saying the hellishly named heat wave that hit parts of the continent this summer could become a regular occurrence due...
Lloyd’s Expects $4.5 Billion Hit from Hurricanes Harvey, Irma
Sep 28 2017 // Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability. Although losses from natural...
