Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF
Jan 12 2017 // Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision to leave the European Union and the ballot-box success of U.S....
Aon Launches Solution to Help Firms Manage Brexit Risks, Opportunities
Jan 10 2017 // Aon plc has launched “Brexit Navigator,” a tailor-made solution designed to help organizations quantify the impact of Brexit risk exposures, and redesign their risk management and risk financing...
Unfettered EU Access Must Be Priority of Brexit Talks: Report
Jan 10 2017 // Britain’s financial services sector must keep its unfettered access to the European Union’s single market after Brexit given that available alternatives don’t provide a sustainable long-term solution, an...
Taiwan’s $2M ATM Theft Linked to Europe’s ATM Heist: Cyber Security Firm
Jan 5 2017 // The group that orchestrated the theft of over $2 million from cash machines at Taiwan’s First Commercial Bank in July was also behind an ATM hacking spree in more than a dozen European nations last year, according to...
Collinson Group Names Munich Re’s Basu as Chief Underwriting Officer
Jan 5 2017 // Collinson Group, the London-based provider of insurance and assistance solutions, has appointed Saugata Basu as chief underwriting officer. In his role, Basu will partner with the group’s capacity providers to...
Chubb Names Lambourne as Head of Multinational Claims, Overseas General Insurance
Dec 28 2016 // Chubb announced that Graham Lambourne, currently Global Clients Claims manager, Europe, has been promoted to the role of head of Multinational Claims for Overseas General Insurance. Lambourne will be responsible for...
Brexit Threatens 10% of London’s Financial Jobs: City of London Corp. Official
Dec 22 2016 // Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. Bankers first called...
Europe’s Insurers, Pensions Seek Higher Yields via Infrastructure Investments
Dec 21 2016 // Europe’s pensions and insurers, seeking returns in infrastructure deals after asset purchases by the European Central Bank gutted yields on bonds, say they’re being crowded out again. Their frustration is...
German Police Resume Hunt for Killer in Christmas Market Terrorist Attack
Dec 21 2016 // German investigators intensified their search for the perpetrator of a deadly truck assault on a Christmas market in Berlin after an initial suspect was released, deepening the fear and uncertainty over what Chancellor...
Newline Group Establishes Branch Office (and EU Platform) in Germany
Dec 19 2016 // London-based Newline Insurance Co. Ltd., a subsidiary of Odyssey Re Holdings, announced it has received regulatory approval to establish a new branch office in Cologne, Germany. Led by Manuel Wirtz, who was appointed...
Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1
Dec 19 2016 // M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a...
Allianz Eyes Purchasing Generali’s French Operations: Sources
Dec 16 2016 // Allianz SE, Europe’s largest insurer, is in discussions with Assicurazioni Generali SpA as it weighs a bid for the company’s French operations, according to people familiar with the matter. Allianz executives...
XL Catlin Enhances Wording for Fine Art & Specie Offering in Europe
Dec 15 2016 // XL Catlin’s insurance operations announced it has enhanced the wording of its all-in-one solution for collectors, arts and jewelry professionals, called Mosaic. The Mosaic coverage, which is available in France,...
More UK Insurers Consider Move to Ireland for Europe HQs: Central Bank
Dec 15 2016 // A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country’s vote to leave the European Union,...
Lloyd’s Insurers Urged to Focus on U/W Discipline as 2016 Losses Loom
Dec 13 2016 // Underwriters at Lloyd’s of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd’s to cut its subscription rates. To...
Berkley Downplays Effects of Trump, Brexit Elections; Remains Optimistic for Insurance
Dec 8 2016 // There could be more political surprises coming after the U.S. election of Donald Trump and Britain’s vote to exit from the European Union but one leading insurance executive isn’t too worried. “I...
UK Gov’t Promises Insurers & Banks London Will Stay Top Finance Center – After Brexit
Dec 6 2016 // The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer...
FinTech Startup, ‘Number26,’ Grows in Europe, Offering Banking, Insurance
Dec 6 2016 // Smartphone-only bank Number26 is now offering its services in 17 countries in the euro zone, expanding from a smaller core of European markets it entered a year ago, it said on Tuesday. The Berlin-based company is backed...
U.K. Financial Firms Paid $91B in Annual Tax: City of London Report
Dec 6 2016 // Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from...
Xceedance Opens Insurance Operations Center in Krakow, Poland
Dec 5 2016 // Xceedance, the Boston-based provider of property/casualty insurance technology, analytics and consulting services, announced the launch of an operations center in Krakow, Poland. The center will provide services and...
