Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
S&P and Fitch Chop Britain’s ‘AAA’ Rating After Brexit Vote
Jun 28 2016 // Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week’s vote to leave the European Union would hurt its...
QBE Weighs Brexit-Effect; Marsh Considers Some Brexit Scenarios
Jun 28 2016 // QBE Insurance Group announced this week that it will be reviewing its UK-based operations in light of last week’s vote in the UK to leave the European Union. “The referendum outcome may require a revised...
Britain’s Vote to Leave EU Hikes Concerns over UK Insurers’ Capital Strength
Jun 28 2016 // Market falls triggered by Britain’s vote to leave the European Union will hit British insurers’ capital, raising concerns over their ability to pay dividends or hand cash back to investors. New European capital...
RMS Updates Cat Models for Terrorism, Europe Windstorm & US Flood
Jun 27 2016 // Global catastrophe risk management firm RMS has released version 16.0 of its catastrophe modeling platform, which includes updates to both the Europe Windstorm Clustering Model and Terrorism Modeling suite. Also included...
Brexit or ‘Regrexit’? That Is Still the Question…
Jun 27 2016 // To leave, or not to leave: that is the question. Still. After Britain’s historic vote to leave the European Union, there is no indication that a so-called Brexit will happen soon. It maybe never will. Prime Minister...
Chubb Names P/C Insurance Risk Engineering Leaders for Europe
Jun 24 2016 // Chubb announced the leadership of its property & casualty (P/C) risk engineering team in Europe, all effective immediately. Paul Brooke, formerly head of property risk engineering, UK and Ireland for legacy ACE, will...
Re/Insurance Business Leaders Begin to Comment on Post-Brexit World
Jun 24 2016 // The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to untangle...
Update: Britain Votes to Leave EU; Prime Minister Cameron Resigns
Jun 24 2016 // Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. Global financial markets...
World Awaits Outcome of UK’s EU Referendum
Jun 23 2016 // Britons were voting on Thursday on whether to stay in the European Union in a referendum that could change the face of Europe and is being nervously watched by financial markets and politicians across the world. A British...
Factbox: Weighing Value of Financial Services in UK Economy on Day of Brexit Vote
Jun 23 2016 // Britain, Europe’s biggest financial hub, votes today on whether to stay in or leave the European Union. The country’s financial and professional services industries are considered as the most vulnerable to an...
New U.S. Rules Seen ‘Major Step’ for Drone Industry; Rules on Deliveries Still to Come
Jun 22 2016 // The Obama administration is opening U.S. skies to more commercial drones with long-awaited regulations that the government hopes will spawn new businesses inspecting bridges, monitoring crops and taking aerial...
Brexit Would Create Extra Burden for Reinsurers, Caution CEOs
Jun 22 2016 // While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives suggested here. Plan B...
AXA Awaits Result of Brexit Vote Before Building London’s Tallest Tower
Jun 21 2016 // AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London. “We have not launched the...
‘Brexit’ Would Damage UK’s Leadership Position in Insurance: Aon
Jun 21 2016 // Aon Plc Chief Executive Officer Greg Case, who moved the insurance broker to London from Chicago four years ago, said the U.K.’s centuries-long leadership in the industry would be damaged if voters choose to leave...
How Autonomous Car Sales Will Accelerate in Next Two Decades
Jun 20 2016 // Global sales of autonomous vehicles will reach nearly 21 million vehicles by 2035, a substantial increase from previous estimates, according to a forecast from auto industry information firm IHS Automotive. Roughly 600,000...
AIG CEO Hancock Finds Common Ground, Transparency with Activist Directors
Jun 16 2016 // Activist investors Carl Icahn and John Paulson are making American International Group (AIG) more transparent through their representation on its board, the U.S. insurer’s president and chief executive Peter Hancock...
BHSI Opens German Office, Fills Key Roles in Northern Europe
Jun 16 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has opened an office in Düsseldorf, Germany, and filled key...
AIG Weighs Moving Its European Hub from London if ‘Brexit’ Triumphs
Jun 16 2016 // American International Group Inc. will consider establishing an operations center within the European Union if the U.K. votes to leave the political bloc, according to Chief Executive Officer Peter Hancock. “If a...
Brexit Would Threaten UK’s Access to EU via Single Passport: Officials
Jun 15 2016 // Britain’s partners are stepping up warnings that if it votes next week to leave the European Union, banks and financial firms based in London could lose their money-spinning EU “passports.” The City of...
Insurers Provide Cover for German Banks Stashing Billions of Euros
Jun 14 2016 // Europe’s top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid paying a penalty by parking it at the European Central Bank, company executives told Reuters. The...
