Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected
Jul 6 2022 // Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter. Even the toughest hypothetical scenarios in the...
EU Lawmakers Pass Landmark Rules to Rein In Tech Giants, but Enforcement a Concern
Jul 6 2022 // EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators’ limited...
Del Vecchio’s Successor Shares Same Vision for Building Generali Into European Leader
Jul 6 2022 // Leonardo Del Vecchio’s right-hand man was named on Monday to succeed the Italian billionaire — who died last week — as chairman of the family’s Delfin holding company. Francesco Milleri, the...
Ardonagh Europe to Acquire Léons Group in the Netherlands
Jul 5 2022 // Ardonagh Europe Ltd., the Dublin-based subsidiary of The Ardonagh Group, announced it has agreed to acquire Léons Group, an independent family-owned insurance brokerage and consultancy firm in the...
Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models
Jun 30 2022 // Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for...
EU Antitrust Enforcers Accept Offer From Irish Insurers’ Association
Jun 30 2022 // EU antitrust enforcers accepted on Thursday an offer from Irish insurers’ association Insurance Ireland to open up its data sharing platform to non-members and apply fair criteria to access it aimed at averting a...
EU Seeks Agreement on Ground-Breaking Regulations for Crypto Assets
Jun 30 2022 // The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, crypto assets are largely...
Marsh Launches Cyber Incident Management Service to Support UK, European Clients
Jun 28 2022 // Insurance broker Marsh announced the launch of its Cyber Incident Management (CIM) service to support clients headquartered in the UK and Continental Europe to prepare for, respond to, and recover from cyber incidents, as...
Europe Asset Managers Eye Halting Non-ESG Products to Meet Net-Zero Goals: Survey
Jun 27 2022 // Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC...
Parliament Cautions Regulators: UK Finance, Insurance Yet to Feel Full Brexit Impact
Jun 24 2022 // Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance...
UK Should Avoid Hasty Financial Services Reforms Following Brexit: Lawmakers
Jun 23 2022 // Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance...
EU Balks at U.S. Plan to Use Insurance to Cap Russian Oil Prices
Jun 22 2022 // European officials are skeptical of a U.S. push to set a price cap on Russian oil by potentially easing an EU ban on insurance for the transportation of crude and petroleum products from Russia, according to people...
People Moves: Arch Insurance Int’l Names AXA XL’s Longley as Head of Professional Indemnity; WTW Direct & Facultative Taps AGCS’ De Jager for European Property
Jun 21 2022 // This edition of Internationl People Moves details appointments at Arch Insurance International and Willis Towers Watson (WTW). A summary of these new hires follows here. Arch Insurance Int’l Names AXA XL’s...
Top EU Court Says Insurer Must Pay Spanish Claim in Galicia Oil Spill
Jun 21 2022 // BRUSSELS – Spain on Monday won backing from Europe’s top court in its mutli-million euros damage claim against The London Steam-Ship Owners Mutual Insurance Association for a massive oil spill on its...
Lloyd’s Broker Servca Launches Malta Office to Spearhead European Expansion
Jun 16 2022 // Servca, the independent Lloyd’s broker that specializes in non-standard medical, financial and professional lines insurance, announced the opening of an office in Malta to spearhead the expansion of its European...
EU Aviation Watchdog Raises Alarm About Western-Made Aircraft Flying in Russia
Jun 16 2022 // The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made aircraft continuing to fly in Russia without access to spare parts and proper...
UK Lawmakers Warn About Watering Down Post-Brexit Financial Regulation
Jun 16 2022 // Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules to boost London’s competitiveness, or stray from global standards, a UK parliamentary...
People Moves: WTW Asia Hires Aon’s Tilney, Promotes Nassaouati; DUAL Europe Names Allianz’s Wijchman as Commercial Dir.; Liberty GTS Promotes Lee as APAC Mgr.
Jun 15 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW), MGA Dual, and Liberty Global Transaction Solutions. A summary of these new hires follows here. WTW Asia Hires Aon’s...
EU Regulator Sees No Safety Problem With A350 Paint at Center of Legal Dispute
Jun 15 2022 // Europe’s top aviation safety regulator said on Tuesday he had seen no evidence that paint or surface erosion on A350 jets, which are at the center of a legal dispute between Airbus and Qatar Airways, represented a...
Munich Re Issues Green Bond in U.S. Market — a First for European Insurer
Jun 6 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has sucessfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By issuing...
