Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
FM Global Chooses Luxembourg as Post-Brexit EU HQ
Apr 26 2017 // U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain’s decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned...
Large Claims Becoming More Expensive, Complex & Global: Allianz
Apr 25 2017 // Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty...
Liberty Taps XL Catlin’s McKay for New Distribution & Client Mgmt Role
Apr 25 2017 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kerry McKay to the newly created role of head of Distribution and Client Management for Continental Europe. He will report directly to...
Demand Rises for Political Risk Cover as Buyers Think the Unthinkable
Apr 25 2017 // Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say...
U.K. Has 1st Day Without Burning Coal for Power Since 1880s
Apr 24 2017 // The U.K. had its first full day without burning coal to make electricity since the Industrial Revolution more than a century ago, according to grid operator National Grid Plc. “Friday 21st April 2017 was the first...
Global Insurance Industry Set to Grow by 4.5% in 2017-2018: Munich Re
Apr 21 2017 // The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re. While premium income is...
Slow Computers & Internet, Outdated Systems Demoralize EU Workers: Survey
Apr 20 2017 // It was the third hour of doing nothing that broke James Scott. The 25-year-old researcher was sitting at his desk at an insurance firm in northern England when the internet went down. And with it went access to all of his...
Uber Sees EU Growth Despite Impending EU Court Ruling, Denmark Setback
Apr 19 2017 // Uber Technologies sees opportunities to expand in the Europe Union, despite withdrawing its ride-hailing service from Denmark and facing the possibility of an EU court ruling that could mean tougher rules for the firm, an...
UK Prime Minister May Seeks Early Election to End Brexit Divisions
Apr 18 2017 // U.K. Prime Minister Theresa May said she will seek an early election on June 8, in an unexpected gamble aimed at strengthening her hand going into talks on leaving the European Union. The surprise statement came less than...
Insured Losses for Europe’s Storm Zeus Estimated at US$200M: PERILS
Apr 13 2017 // The initial estimate of insured property market losses for extratropical cyclone Zeus, which mainly hit France on March 6-7, is €192 million (US$200 million), according to PERILS, the independent Zurich-based...
Political Risk a Growing Concern, Say Brokers, Insurers
Apr 13 2017 // Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more rapid pace than...
AXIS Re Names XL Catlin’s Leahey as Senior Cat U/W for Europe, MENA
Apr 12 2017 // AXIS Capital Holdings Ltd. announced the appointment of Michael Leahey as vice president and deputy head of Catastrophe Underwriting for Europe, Middle East and North Africa (MENA), and Israel, for AXIS Re. In addition to...
Beazley Joins EbixExchange Accounting Platform
Apr 11 2017 // Ebix Europe, the electronic messaging communications specialists for the global re/insurance market, announced that insurer Beazley is the latest carrier to join its EbixExchange accounting platform. Using ACORD standards,...
Liberty Specialty Markets Taps Equinox Global’s Paton as European Head of GFR
Apr 10 2017 // Liberty Specialty Markets (LSM), the London-based subsidiary of Liberty Mutual Insurance Group, has appointed Alexandra Paton as head of Continental Europe for Global Financial Risks (GFR). Paton will be based in both...
EU to Pay €60M to Britain for Repair of 2015-16 Flood Damage – Despite Brexit
Apr 5 2017 // Britain will get 60 million euros (51.3 million pounds) from the European Union to repair damage caused by the floods last year, a lawmaker said on Tuesday. Britain had asked for EU support to rebuild infrastructure...
PERILS Releases Updated Exposure Database
Apr 4 2017 // PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released the 2017 update of the PERILS Industry Exposure Database (IED). The updated database is composed of more...
City of London Will Survive Brexit – Even if Many Jobs Move to Continent: Official
Apr 3 2017 // The City of London should emerge largely unscathed from Brexit even though thousands of banking and insurance jobs could move to the continent, the financial district’s policy chief said. The “City” or...
Brussels Hopes to Lure Other Finance Firms After Its Success with Lloyd’s
Mar 30 2017 // Brussels expects to lure other financial players after convincing Lloyd’s of London, the world’s largest specialty insurance market, to make the city its post-Brexit European hub. While Lloyd’s choice on...
Lloyd’s to Open EU Insurer in Brussels in Preparation for Brexit
Mar 30 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation for the UK’s exit from the European Union. The Brussels’...
UK at Risk of Exiting EU on ‘WTO Terms,’ Thereby Opening Legal Minefield
Mar 29 2017 // Failure to strike a trade deal with the European Union by a two-year deadline would force Britain to adopt World Trade Organization arrangements, bringing with it a host of new negotiations and complications. In a...
