Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Brexit Without Trade Deal Could Have Dire Economic Consequences: CBI
Mar 7 2017 // If the UK leaves the European Union without being able to complete a Brexit trade deal, it could be forced into World Trade Organization tariffs – an option that is under serious consideration by the UK...
Global Political Environment Puts Business Interruption Top of Mind
Mar 6 2017 // According to the Summer/Fall 2016 Edition of the Clements Worldwide Risk Index, business interruption is the leading cause of losses for companies, multinational organizations and nongovernmental organizations (NGOs) that...
EU Nations May Be Competing ‘Unfairly’ to Attract UK Finance Firms After Brexit
Mar 3 2017 // The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial...
Canada’s Echelon Insurance Gets Danish Regulatory Nod to Sell Europe Unit
Mar 1 2017 // Canada-based Echelon Financial Holdings Inc. announced it has received regulatory approval from the Danish Financial Services Authority for the sale of its European operations. This completes the necessary regulatory...
Testing of EU Banks’ Cyber Defenses Needs Common EU Approach: Official
Feb 28 2017 // European Union countries should test bank defenses against cyber attacks using a common set of requirements, a senior EU official said on Tuesday, as the bloc plans measures to boost the retail market for financial...
Self-Driving Nissan Car Begins Tests on Streets of London
Feb 27 2017 // Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company’s first European tests of an autonomous...
Chubb Names Krishnan to Lead Global Accounts; Lakickas Is Division EVP
Feb 27 2017 // Chubb has announced two senior management appointments to its Global Accounts division, serving large and complex clients in Europe and around the world. Suresh Krishnan, currently executive vice president, Global...
UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit
Feb 24 2017 // U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry...
EU Lawmakers Call for Law Regulating Rise of Robots, Including Self-Driving Cars
Feb 24 2017 // European lawmakers on Feb. 16 called for EU-wide legislation to regulate the rise of robots, including an ethical framework for their development and deployment and the establishment of liability for the actions of robots...
Europe’s Windstorm Egon to Cost Insurers an Estimated US$223.3M: PERILS
Feb 23 2017 // The initial estimate of the insured property market loss for extra-tropical cyclone Egon, which hit France and Germany in January, is €212 million (US$223.3 million), according to PERILS, the independent Zurich-based...
EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England
Feb 23 2017 // EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’ claim, the Bank of England said on Wednesday. Officials from Aviva and Legal & General, two...
UK Plans to Trigger Brexit Negotiations in Early March: Government Sources
Feb 16 2017 // Prime Minister Theresa May intends to trigger Britain’s withdrawal from the European Union as close as possible to the EU summit taking place on March 9 and March 10, according to two government officials involved in...
Solvency II Drives Demand for Reinsurance During 1/1 Renewals: Fitch
Feb 16 2017 // The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. The main...
Ed Announces Series of Appointments and One Departure
Feb 15 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, has announced several appointments over the past few weeks in the areas of international property and casualty, marine and energy, finance, and...
Lloyd’s Sees Political Risk Insurance Opportunity in Trump, Brexit
Feb 15 2017 // Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial...
Nichols Resigns as AXIS Re’s CEO; Ekberg Named Interim Head of Reinsurance
Feb 14 2017 // Bermuda-based AXIS Capital Holdings Ltd. announced that John “Jay” Nichols has resigned from his position as chief executive officer of AXIS Re. Nichols has agreed to remain with the company in a transitional...
U.K. Tech Startups Weigh Moving HQs to Continent on Brexit Worries
Feb 14 2017 // British technology startups are beginning to stress out over Brexit. Initially confident their industry wouldn’t be harmed by Britain’s break from the European Union, U.K. tech entrepreneurs are now girding for...
Undoing U.S. Financial Regulations Could Bar U.S. Firms from EU
Feb 10 2017 // Some U.S. financial institutions could be locked out of the European market if Donald Trump’s administration repeals global rules imposed in the wake of the financial crisis, a top EU official said on Friday. Valdis...
RSA Global Risk Solutions Launches New Structure to Enhance Client Focus
Feb 10 2017 // RSA has introduced a new Global Risk Solutions (GRS) operating model aimed at delivering brokers and customers improved access to decision-makers and enabling GRS to operate with more focus in its chosen markets. Effective...
UK Moves Closer to Triggering EU Exit Talks – with Bumpy Road Ahead
Feb 9 2017 // Theresa May’s latest Brexit victory should leave her happy — but might ultimately come at a price. Late on Wednesday, the U.K. prime minister persuaded the House of Commons to back her original 137-word draft...
