Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
IMF Warns Britain About Relaxing High Regulatory Standards for Insurers, Banks
Feb 23 2022 // A push to make London more attractive as a global financial center after Brexit must not threaten high standards of solvency and behavior at banks, insurers and markets, the International Monetary Fund said on...
EU Orders Hungary to Cancel Its Veto of Sale of Aegon Unit to Vienna Insurance
Feb 22 2022 // Hungary was ordered by the European Union to cancel its decision to block the sale of Dutch insurer’s Aegon NV’s local unit to Vienna Insurance Group AG. The European Commission gave Hungary a March 18 deadline...
UK to Ease Solvency II Insurance Capital Rules to Unlock ‘Billions of Pounds’
Feb 22 2022 // Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment, financial services minister John Glen said on Monday. The...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A summary of these new hires follows here. AXA XL to Promote De Rosa to...
UK Braces for ‘Storm Eunice’ and Hurricane-Strength Gusts on Friday
Feb 17 2022 // Britain’s Met Office issued a rare red weather warning for parts of the UK, saying hurricane-strength gusts of 90 miles (145 kilometers) an hour are set to hit the country on Friday. The weather service said the most...
Tripwire for Real War? Cyber’s ‘Fuzzy’ Rules of Engagement
Feb 16 2022 // President Joe Biden couldn’t have been more blunt about the risks of cyberattacks spinning out of control. “If we end up in a war, a real shooting war with a major power, it’s going to be as a consequence...
Storms With Hurricane Gusts Set to Batter NW Europe, Driving Wind Power Generation
Feb 16 2022 // Storms across northwest Europe are set to drive electricity generation from wind farms to records this week in gusty conditions that threaten to disrupt transportation and down power lines. Weather forecasters in the UK,...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
Feb 15 2022 // There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a...
UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments
Feb 14 2022 // Vitesse PSP, the London-based fintech that specializes in digital solutions for global payments and counts numerous insurers among its customers, announced it has raised $26 million in Series B funding. The Series B...
Takeaways from Our Conversation on More M&As, Cannabis ‘Frappucinos’ on Tap for 2022
Feb 14 2022 // Powered by InsuranceJournal.tv New Frontier Data, a producer of cannabis research and intelligence, released its “22 for 22 Report,” in January, which imparts a definitive air of optimism mixed with few...
Google’s Online Ad Business Targeted in European Publishers’ Antitrust Complaint
Feb 11 2022 // BRUSSELS – Alphabet unit Google on Friday became the target of an antitrust complaint by the European Publishers Council over its digital advertising business, which could potentially strengthen EU antitrust chief...
Zurich Insurance Reports 35% Increase in 2021 Operating Profit to $5.7 Billion
Feb 10 2022 // Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the financial...
Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack
Feb 9 2022 // FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the...
People Moves: QBE Promotes Shallow as Head of Marine; Beazley Names MS Amlin’s Hunter for Open Mkt. Property; TigerRisk Hires Liberty’s Hodges for Analytics, Int’l
Feb 8 2022 // This edition of International People Moves details appointments at QBE, Beazley and TigerRisk Partners. A summary of these new hires follows here. QBE Promotes Shallow as Head of Marine QBE has appointed Kevin Shallow as...
Cyber Attack Targeting German Fuel Storage Stretches to 6th Day
Feb 8 2022 // A cyber attack targeting fuel storages in Germany and parts of northern Europe stretched into a sixth day with little visibility over when things will get back to normal. Mabanaft Germany, whose systems were breached,...
EU Regulators Call for Action to Catch Up to Potential Systemic Risk of Digital Finance
Feb 7 2022 // Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union...
People Moves: Howden Appoints Former WTW Executive Aubert as CEO of France
Feb 7 2022 // Howden, the London-based insurance broker, announced the appointment of industry veteran Nicolas Aubert as CEO, France. After holding roles in various countries, notably in the UK market where he held major positions at...
Google Sued by Price Comparison Provider, PriceRunner, for $2.4 Billion
Feb 7 2022 // STOCKHOLM — Swedish price comparison firm PriceRunner said on Monday it was suing Alphabet-owned Google for about 2.1 billion euros ($2.4 billion), the latest firm to take legal action alleging the search giant...
Natural Disasters Cost Insurers $116B in 2021, or 63% Higher Than Average: Gallagher Re
Feb 4 2022 // Insured losses from major natural catastrophes in 2021 – excluding COVID-related losses – have so far reached an estimated US$116 billion, the third largest total since 2011, and about 63% higher than the average loss...
Hackers Target Key Fuel-Distribution Firms in Europe
Feb 3 2022 // Europe’s fuel-supply network fell victim to a cyberattack — less than a year after the biggest refined petroleum pipeline in the U.S. was halted by a hack. The situation was serious “but not grave,”...
