Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU Looks to Strengthen Cyber Defenses
Sep 14 2017 // Growing cyber crime has spurred proposals to strengthen the European Union’s specially dedicated security agency and set up a fund to help countries who suffer such attacks. An increase in ransomware attacks such as...
Lacking Political Support, Global Capital Rule for Insurers Stalls
Sep 11 2017 // The first global standard for investors to compare how much capital insurers from different countries hold to keep policies safe is caught in a transatlantic tussle, casting doubt on whether it is practical, industry and...
Chubb Picks France for Post-Brexit European Headquarters If UK Exits EU
Sep 11 2017 // Chubb Limited intends to relocate its European Union headquarters to France if the United Kingdom leaves the EU as expected in March 2019. The insurer said the decision to choose France as Chubb’s preferred...
Marsh Restructures Management in New Risk & Digital, Placement & Specialties Divisions
Sep 7 2017 // Marsh announced a new global management structure, which includes new appointments to its executive management team and two new divisions. Marsh’s global management structure includes the newly formed Global Risk...
Re/Insurance Broker BMS Launches Spain-Based BMS Iberia
Sep 6 2017 // BMS Group Ltd., the London-based specialist insurance and reinsurance broker, announced the launch of a new European venture, BMS Iberia. The operation will be spearheaded by recently appointed directors Fernando Claro in...
Tokio Marine Plans to Set Up Luxembourg Unit in Preparation for Brexit
Sep 6 2017 // Tokio Marine Group announced that it is seeking regulatory approval to establish an insurance company in Luxembourg, to be prepared for Brexit. Through several of its subsidiaries, principally Tokio Marine HCC and Tokio...
Brexit Could Be Reversed if Economic Pain Sways Public Opinion: Former Minister
Sep 6 2017 // Brexit could be reversed if economic pain prompts a change in public opinion that brings a new generation of political leaders to power in Britain, former Conservative minister Michael Heseltine said. Heseltine, who helped...
UK Insurers Face Looming Brexit Deadline to Move Contracts with EU Clients
Aug 30 2017 // Insurers in Britain face crunchtime within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain is not due to leave the...
UK Economy Begins to Feel Brexit Pinch – or Perhaps Brexit Punch
Aug 25 2017 // Britain’s economy is beginning to feel the Brexit pinch, or perhaps given the strong performance of the rest of the world economy, it should be punch. After a prolonged period of relatively benign economic numbers...
UK Financial Services Sector Seeking ‘Ambitious’ Brexit Trade Agreement
Aug 24 2017 // The UK’s financial sector is seeking an “ambitious” trade pact between Britain and the European Union to try to prevent a costly shift of jobs and business to the continent once the country leaves the...
NexAssure to Launch MGA for Europe, Middle East Business
Aug 23 2017 // NexAssure Group is set to open a specialist managing general agent, NexAssure Agency (UK) Ltd. in London and has appointed a senior underwriter Mark Angel as head of Specialty to lead the company’s expansion into...
Europe’s Cities Resist Use of Security Infrastructure Despite Vehicle Terror Attacks
Aug 22 2017 // Europe has experienced around a dozen cases of drivers using a car or truck to plow into pedestrians like last week’s attack in Barcelona, but cities have not rushed to mitigate the risks by changing their...
QBE H1 Profits Rise 73% on Australia/N. Zealand Rate Hikes, N. America Growth
Aug 21 2017 // QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to...
Global Insured H1 Losses from Natural, Man-Made Disasters Were $23B: Swiss Re
Aug 18 2017 // Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled US$23 billion, while economic losses during the same period came to US$44 billion – an indication of the extent of...
UK-EU Post-Brexit Trade Deal ‘Desirable but Not Essential’: Report
Aug 18 2017 // A UK trade deal with the European Union after Brexit is desirable but not essential, the Institute of Economic Affairs said, in support of Prime Minister Theresa May’s repeated assertion that no deal is better than a...
5 Suspected Terrorists Shot Dead by Police After Barcelona’s Deadly Attack
Aug 18 2017 // Five suspected terrorists were killed by police and six civilians were injured in a confrontation in a town south of Barcelona, hours after 13 people died when a van rampaged down the city’s iconic Las Ramblas...
Update: Vehicle Plows into Barcelona Pedestrians with 13 Dead, 50 Injured
Aug 17 2017 // A van plowed into pedestrians on Barcelona’s most iconic avenue at the height of the tourist season in a terrorist attack that left 13 people dead and echoed similar incidents in other European...
4 European Reinsurers Maintain Pricing Discipline in Tough Market: Fitch
Aug 17 2017 // The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market...
UK Seeks Interim Post-Brexit Transitional Deal with EU
Aug 15 2017 // Britain has said it wants an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods, but that it will also seek the right to negotiate other trade deals — a...
UK’s Dithering Over Transitional Brexit Deal Must Stop: Opinion
Aug 14 2017 // The Brexit deadline of March 2019 creeps ever closer, and exit talks are under way — but Britain’s government still doesn’t know what it wants. This failure to set a clear goal, much less devise a...
