Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Metlife Plans to Expand Its European Hub in Dublin: Source
Oct 11 2016 // MetLife Inc., the U.S. insurer, is close to finalizing a decision to expand its operations in Ireland, according to a person familiar with the matter. New York-based MetLife may announce its plan to grow its Irish presence...
British Financial Industry Tallies Lost Jobs, Revenue from ‘Hard Brexit’
Oct 5 2016 // Britain’s financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that would leave it with restricted access to the European Union’s single...
Britain’s Financial Sector Fears Damage from Brexit Lobbying Squabbles
Oct 3 2016 // Large banks in Britain have clashed with other parts of the financial sector about who should be leading efforts to lobby the government over Brexit. Failing to present a united front could be damaging as the industry,...
European Union Nations Fast-Track Approval of Paris Climate Agreement
Sep 30 2016 // European Union nations agreed to a fast-track ratification by the 28-member bloc of the Paris climate agreement, a step that could enable the most sweeping accord to combat global warming to come into force next month. The...
European Food Safety Agency to Release Data on Weedkiller Roundup
Sep 30 2016 // Europe’s food safety watchdog will release data from some of the scientific studies it reviewed in its assessment of glyphosate, an ingredient in Monsanto’s widely used herbicide Roundup and subject of a fierce...
UK Financial Sector’s Optimism Plunges in Wake of Brexit Vote
Sep 27 2016 // Optimism about the outlook for Britain’s financial services sector is at its lowest point since the financial crisis, a survey of finance firms showed on Monday. The latest survey of 115 financial services firms by...
Insurers Encouraged by Latest Round of Covered Agreement Talks
Sep 27 2016 // Insurers say they are encouraged by the most recent developments in the covered re/insurance agreement negotiations between the United States and European Commission. Following the latest round of the talks, held Sept....
More than 3/4s of UK CEOs Mull Moving Headquarters as Result of Brexit: KPMG
Sep 26 2016 // The U.K.’s vote to leave the European Union has left more than three-quarters of chief executive officers saying they would consider moving their headquarters or operations outside Britain, according to a survey of...
Gibraltar Weighs Post-Brexit Reinvention if UK Loses Passporting Rights
Sep 23 2016 // Gibraltar, a rocky British enclave on Spain’s southern tip that has positioned itself as a springboard for finance to the European Union, may have to reinvent itself after Britain voted to split from the bloc. Fund...
Demand for Environmental Impairment Liability Cover Rises in Europe: Marsh
Sep 23 2016 // There has been a marked increase in the number of companies purchasing environmental impairment liability (EIL) cover across Europe in recent years, mainly due to an increase in regulation and buyer awareness, according to...
Lloyd’s to Move Some Business to EU if UK Loses Post-Brexit Passporting
Sep 22 2016 // The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its...
States Seek Delay in European Union Insurance Investor Rules
Sep 20 2016 // Most European Union states want to postpone new EU rules meant to protect investors in life insurance, funds and other retail financial products because parts of the reform might be misleading. In a joint statement, 23 of...
Deutsche Bank Balks at $14 Billion U.S. Demand to Settle Securities Claims
Sep 16 2016 // Deutsche Bank said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany’s...
Lloyd’s Enjoys ‘Healthy Pipeline’ of Entrants Despite Brexit, Chairman Says
Sep 15 2016 // The Lloyd’s of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain’s vote to leave the European Union casts doubt over its European...
To Cut Costs, Reinsurers Should Lower Brokers’ Fees, Says Lloyd’s Chairman
Sep 15 2016 // Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to reduce costs, according to Lloyd’s of London Chairman John Nelson. The brokers need to cut profit...
Chubb Promotes Keaney to International High Net Worth Underwriting VP
Sep 12 2016 // Chubb announced that Jamie Keaney, formerly European Personal Risk Services underwriting manager, has been promoted to the new role of vice president and chief underwriting officer for International Personal Risk Services,...
Greenlight Re Expanding into Europe, Asia with New Partnership
Sep 9 2016 // Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting. The...
Allianz Expands Global Environmental Impairment Liability Team
Sep 8 2016 // Allianz Global Corporate & Specialty (AGCS) is expanding its global Environmental Impairment Liability (EIL) team with new senior hires in the North American and Mediterranean regions. “Environmental claims pose...
Viewpoint: How Trade Agreements Could Help P/C Insurers in Global Market
Sep 8 2016 // The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected...
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best
Sep 8 2016 // Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from their taking advantage of cheap and bountiful reinsurance capacity, A.M. Best said in a new...
