Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
UK Financial Services Minister Confident Brexit Deal Will Be Agreed
Jan 29 2019 // Britain is working hard for a Brexit deal but it would still be prudent to put in place contingency measures in case no agreement is reached, UK financial services minister John Glen said on Monday. Parliament will vote on...
Irish Data Regulator Probes Twitter over Privacy Rules Breach
Jan 28 2019 // Twitter’s lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), said on Friday it was investigating the company for a breach notification received from the social networking...
Here Are Range of Brexit Options Being Proposed by U.K. Parliament
Jan 28 2019 // With U.K. Prime Minister Theresa May refusing to budge from her Brexit position, members of Parliament are proposing a range of amendments demanding a change of direction. Some overlap and some complement each other. The...
U.S. Privacy Regulation Tested by Facebook Scandals
Jan 24 2019 // Facebook Inc.’s repeated privacy scandals have infuriated users, lawmakers and data-security advocates who are clamoring for a forceful government response. That job mainly falls to Joe Simons, who is under pressure...
Support Grows for Delaying UK’s Exit from EU, as Brexit Deadline Looms
Jan 24 2019 // The risk of a no-deal Brexit appears to be receding after calls for a delay to the U.K.’s exit from the European Union won powerful backing in London and other EU capitals. The pound rose. Senior figures in the...
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Jan 24 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
France Fines Google $57M for Breaching EU’s Data Privacy Rules Under GDPR
Jan 23 2019 // France’s data protection watchdog fined Alphabet’s Google 50 million euros ($57 million) on Monday [Jan. 21] for breaching European Union online privacy rules, the biggest such penalty levied against a U.S....
Drone Travel Chaos at Gatwick Airport Cost EasyJet Nearly $20 Million
Jan 22 2019 // EasyJet lost 15 million pounds ($19 million) during 36 hours of travel chaos sparked by drones flying into London’s Gatwick Airport in December, the budget airline said on Tuesday, adding it should serve as a...
BHSI Offers Transactional Liability Cover in UK & Europe, Appoints Martin from Enstar
Jan 22 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its North American Transactional Liability Insurance business into the UK and Europe and has appointed Ed Martin as head of Transactional Liability,...
PM May Refuses to Rule Out No-Deal Brexit, but Seeks Further EU Concessions
Jan 22 2019 // British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish...
AXA XL Transfers XL Insurance from UK to Dublin as Post-Brexit HQ
Jan 18 2019 // AXA XL has completed the transfer of its European Union insurance company, XL Insurance Co. SE (XLICSE), from the UK to Dublin, Ireland. XLICSE is a wholly owned subsidiary within the AXA XL division of AXA Group,...
What’s Next for Brexit After UK Parliament Rejects May’s EU Divorce Deal?
Jan 18 2019 // Prime Minister Theresa May’s Brexit deal has been thrown out by Parliament. She’s now in talks with rival politicians to find a way forward before presenting a Plan B on Monday. If her plan isn’t...
Germany, China Agree to Expand Market Access in Insurance, Banking, Finance
Jan 18 2019 // Germany and China on Friday signed agreements to strengthen coordination in banking, finance and capital markets, and pledged to further open market access and deepen cooperation to broaden economic ties. The agreements...
Guy Carpenter Forms New Division, Makes Post-JLT Merger Leadership Appointments
Jan 17 2019 // Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of...
Brexit Update: City of London Prepares for Worst, Hopes for Best
Jan 17 2019 // Dismay, confusion, relief — and hope. The City of London had a range of reactions to the U.K. Parliament’s overwhelming rejection Tuesday night of Prime Minister Theresa May’s blueprint for quitting the...
Final Insured Losses for Europe’s Storm Friederike/David Estimated at €1.7B: PERILS
Jan 17 2019 // The final loss estimate for Extratropical Cyclone Friederike, also known as David, reached €1.672 Billion ($1.906 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide...
Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey
Jan 16 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
UK-EU Divorce in Disarray with Just 10 Weeks to Go Before Brexit Leave Date
Jan 16 2019 // Prime Minister Theresa May was trying to forge consensus in parliament on a Brexit divorce agreement on Wednesday after the crushing defeat of her own deal left Britain’s exit from the European Union in disarray 10...
May’s Brexit Deal Rejected by Parliament in Landslide Vote
Jan 15 2019 // Prime Minister Theresa May’s Brexit deal was rejected by Parliament in a humiliating defeat, her plan for leaving the European Union all but dead. She now faces a confidence vote in her government. The House of...
UK Prime Minister’s Brexit Deal Faces Crushing Parliamentary Defeat
Jan 15 2019 // Prime Minister Theresa May is set to see her Brexit deal rejected in the biggest Parliamentary defeat for a British government in 95 years after her last minute pleas for support appeared to fall on deaf ears. The battle...
