Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Update: Aon Confirms EU Antitrust Probe of Merger with Willis Towers Watson
Dec 21 2020 // Aon plc confirmed that the European Commission (EC) has initiated a review of the company’s proposed $30 billion bid for Willis Towers Watson. Aon said the Phase II review is a common next step “for a...
PM Johnson Faces Deal-Or-No-Deal Choice as EU Balks at UK’s Brexit Demands
Dec 21 2020 // Boris Johnson faces a choice in the next few hours that will define his premiership: accept a trade deal with the European Union or go it alone. It could scarcely have come at a more difficult time for him. As he faces a...
Brexit Trade Talks Reach Impasse with Both UK and EU Demanding Compromise
Dec 18 2020 // BRUSSELS/LONDON – The European Union said on Friday there were just hours left to strike a Brexit trade deal while Britain called on the bloc to see sense as the two sides race to prevent a turbulent finale to the Brexit...
Solvency II Capital Rules for Insurers Need Changing: EU Watchdog
Dec 17 2020 // The European Union’s capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like banning dividends to preserve solvency during market shocks, the bloc’s...
Brexit Trade Negotiations Make Progress but Success Still Isn’t Certain: EU Chief
Dec 16 2020 // BRUSSELS – Britain and the European Union have moved closer to sealing a new trade deal but it was still unclear if they would succeed, the bloc’s chief executive said on Wednesday. Britain and the EU are in the...
UK Insurtech Zego Gets Dutch Broking License, Enabling Post-Brexit Growth in EU
Dec 16 2020 // Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license provides a foundation for the company’s continued expansion across Europe,...
Applied Underwriters Forms EU Subsidiary for Specialty Business in Europe, Middle East
Dec 16 2020 // Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne. The new company will underwrite several specialty...
Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Reuters
Dec 15 2020 // BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The...
Tortuous Brexit Trade Talks Get New Breath of Life but Next Few Days Are Critical
Dec 14 2020 // BRUSSELS/LONDON – European Union Brexit negotiator Michel Barnier said on Monday that sealing a trade pact with Britain was still possible before the country’s final break with the 27-nation bloc on Dec. 31 but the...
Chubb Launches Digital Team for Continental Europe and UK & Ireland
Dec 11 2020 // Chubb has announced the creation of a new digital team for Continental Europe (CE) and the United Kingdom & Ireland (UK&I). The team has been formed to develop and execute the insurer’s plans to broaden its...
No-Deal Brexit Grows More Likely as UK-EU Trade Talks Remain Deadlocked
Dec 11 2020 // Britain is likely to complete its journey out of the European Union in three weeks without a trade deal, British Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen said on Friday. Britain quit...
Cyber Attack on EU Drug Regulator Has Not Disrupted Work on COVID-19 Vaccines
Dec 11 2020 // BRUSSELS – The head of the European Union drug regulator said on Thursday the agency’s work assessing COVID-19 vaccines had not been disrupted by a cyber attack that took place in the past two weeks. U.S. drugmaker...
Lemonade Launches in France in Its Third European Country
Dec 9 2020 // Lemonade, the New York City-based insurance company powered by artificial intelligence and behavioral economics, has launched in France. The launch marks the third EU country Lemonade has entered, following the...
EU Tells London Banks, Insurers to Get Used to Limited Access
Dec 8 2020 // Britain’s huge financial sector will never again have the same access to the European Union as it did when the country was a member of the bloc, the EU’s financial services chief said. Brexit makes it...
EU Privacy Agency Does Not Expect New EU-US Data Privacy Accord Any Time Soon
Dec 7 2020 // Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU...
Fears Grow of No-Deal-Brexit Chaos as EU-UK Standoff Continues
Dec 7 2020 // BRUSSELS/LONDON – Post-Brexit trade talks hung in the balance on Monday as Britain and the European Union made a last-ditch attempt to bridge significant differences and reach a deal that would avoid a disorderly exit in...
Brexit Trade Talks at ‘Very Difficult Point’ as Clock Ticks to Year-End Deadline
Dec 4 2020 // LONDON/BRUSSELS – European Union officials said on Friday a post-Brexit trade deal could finally be clinched this weekend, but London insisted that negotiations were still “very difficult” and it was...
Brexit Trade Negotiations Are Making ‘Good Progress’
Dec 3 2020 // BRUSSELS – European Union diplomats said on Thursday they hoped a Brexit trade deal with Britain could be agreed by Friday or at the weekend, and EU officials said negotiators were likely to review progress in the next...
Fairfax Announces Sale of RiverStone Europe to Private Equity Firm CVC
Dec 2 2020 // Fairfax Financial Holdings Ltd. announced it has entered into a binding agreement with CVC Capital Partners (CVC) to sell all of its interests in RiverStone Europe to private equity firm CVC Capital Partners for...
BHSI Hires Macfarlane to Lead Downstream Energy Property in Europe
Dec 1 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its capabilities in Europe to underwrite downstream energy property insurance and has named Tom Macfarlane to lead this business segment. “This...
