Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
2019 Cyber Insurance Predictions: Strong Drivers for Growth Ahead
Jan 15 2019 // Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the...
Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter
Jan 14 2019 // The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy,...
Uncertainty over Brexit Takes Toll on UK Financial Services Sector: Survey
Jan 14 2019 // Uncertainty over Brexit and the economy have led demand for Britain’s financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC...
EU Lawmakers Seek to Beef Up Financial Services Protections Ahead of Brexit
Jan 10 2019 // The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc’s reliance on Britain’s financial...
Swiss Re Corporate Solutions Launches Parametric Water-Level Insurance in Europe
Jan 10 2019 // Swiss Re Corporate Solutions announced it is launching parametric water-level insurance called “FLOW.” This new index-based product is designed to protect companies in Europe from the financial impact of high...
Allianz-Backed Fintech Startup N26 Raises New Funds for Push into U.S.
Jan 10 2019 // N26 GmbH, the German banking app that’s backed by billionaires Peter Thiel and Li Ka-shing, has raised new funds at a valuation of $2.7 billion, making the company one of Europe’s most valuable non-listed...
Deadly Winter Storm Blasts Europe with Heavy Snow and Winds
Jan 9 2019 // Deadly winter weather blasted Europe for yet another day Tuesday, trapping hundreds of people in Alpine regions, whipping up high winds that caused flight cancellations and increasing the risks of more deadly...
R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Kitsune
Jan 8 2019 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary Accredited Insurance (Europe) Ltd. has signed a new program underwriting partnership with Kitsune Ltd., a UK managing...
If Brexit Deal Is Rejected, UK Would Enter Uncharted Territory: PM May
Jan 7 2019 // Prime Minister Theresa May said on Sunday [Jan. 6] that Britain would be in uncharted territory if her Brexit deal is rejected by parliament later this month, despite little sign that she has won over skeptical...
U.S. Signs Agreement with UK on Post-Brexit Insurance Regulation
Jan 7 2019 // The U.S. Treasury and U.S. Trade Representative have officially signed an agreement with the United Kingdom to provide insurance regulatory continuity after Britain exits the European Union. The agreement is similar to one...
UK Prime Minister’s Party Opposes Brexit Deal, as Uncertainty Hits Economy
Jan 4 2019 // British Prime Minister Theresa May’s bid to push her Brexit plans through parliament was dealt another blow on Friday when a survey showed most of her own party’s members oppose the agreement and would prefer...
R&Q’s EU Program Manager, Accredited, Forms Partnership with CPD Underwriting
Jan 3 2019 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary Accredited Insurance (Europe) Ltd. has signed a new program underwriting partnership with CPD Underwriting Solutions Ltd.,...
Final Insured Losses for Europe’s Cyclone Burglind Reach €756M ($862.1M): PERILS
Jan 3 2019 // The final estimate of insured property losses from Europe’s Extratropical Cyclone Burglind, also known as Eleanor, have risen to €756 million ($862.1 million), according to PERILS, the independent Zurich-based...
Arch Insurance Europe Finalizes Purchase of Ardonagh’s UK Commercial Lines Business
Jan 3 2019 // Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business, which generated more than £150...
Chubb European Group Completes Redomicile to France in Preparation for Brexit
Jan 2 2019 // Chubb European Group announced it has redomiciled its businesses from London to France, effective Jan. 1, consistent with its previously announced Brexit preparations. The move, which was approved by regulators in July...
Competition in Artificial Intelligence Is Like New Space Race: Viewpoint
Jan 2 2019 // It’s been another year of relentless artificial-intelligence hype and incremental AI achievement. Machines still beat humans only in carefully constructed environments or at narrow tasks. The good news is that, as...
Obstacles to May’s Brexit Deal Can Be Overcome with EU Clarification: UK Minister
Dec 28 2018 // Prime Minister Theresa May’s Brexit deal can be passed by the British parliament if the European Union provides clarification that the Northern Irish “backstop” will be temporary, foreign minister Jeremy...
UK Business Confidence Sinks as Risk of No-Deal Brexit Grows: Report
Dec 27 2018 // Business leaders’ confidence in the British economy has sunk to its lowest level in more than 18 months as the risk of a no-deal Brexit in a little over three months grows, the Institute of Directors (IoD) said on...
U.S. Signs Agreement with UK Covering lnsurance Regulation Post-Brexit
Dec 21 2018 // As they previously announced they would do, the U.S. Treasury and U.S. Trade Representative have officially signed an agreement with the United Kingdom to provide insurance regulatory continuity after the country exits the...
Rottiers Appointed as CEO of Lloyd’s Brussels
Dec 20 2018 // Sonja Rottiers has been appointed as the chief executive officer of Lloyd’s Brussels. She will also be Lloyd’s regional director for Europe, Middle East and Africa, and will take up her position in...
