Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
UK’s EU Draft Divorce Deal Preferable to No-Deal Brexit, Says FCA
Nov 30 2018 // Britain’s draft divorce settlement with the European Union is preferable to a no-deal Brexit even though this would leave it without a say over EU financial rules, its finance industry watchdog said on Thursday. The...
No-Deal Brexit Could Be Worse for UK Economy than 2008 Financial Crisis: BoE
Nov 29 2018 // Britain risks suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it leaves the European Union in a worst-case Brexit scenario in four months’ time, the Bank of England...
Markel International to Partner with Yacht Insurer Pantaenius
Nov 28 2018 // Markel International, the specialist insurer, will partner with Pantaenius GmbH, the European yacht insurance provider, to strengthen and broaden the capabilities and services that together they provide their clients...
UK Economy Could Take 10.7% Economic Hit with No-Deal Brexit: Gov’t Report
Nov 28 2018 // The U.K. will suffer a major economic hit if Parliament rejects Theresa May’s Brexit deal and the country crashes out of the European Union with no new trade arrangements in place, according to official analysis. A...
Update: AXA Expects Profits to Be Boosted by Its $15 Billion XL Deal
Nov 28 2018 // AXA, Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia. The French...
IBM Joins Critics Calling for Regulation of Tech Firms’ Personal Data Use
Nov 28 2018 // International Business Machines Corp. Chief Executive Officer Ginni Rometty joined a growing chorus of tech executives lambasting web platforms, like Google and Facebook Inc., over their collection of user data and urged...
Brexit Deal Could Reduce UK Economy by 4% by 2030: Think Tank
Nov 27 2018 // The British government’s Brexit deal with Brussels is likely to mean Britain’s economy will be 3.9 percent smaller by 2030 than if it were to stay in the European Union, a leading think tank said on Monday. The...
XL Insurance to Cut Coal Industry Business Under Parent AXA’s Climate Order
Nov 26 2018 // AXA, France’s biggest insurer, has extended its climate change policy to its recently acquired XL division, joining a growing list of European insurers that have taken action to help to tackle global warming. AXA,...
EU Leaders Approve Brexit Treaty, Which Faces Rejection in UK Parliament
Nov 26 2018 // European Union leaders finally sealed a Brexit deal on Sunday, saying the package agreed with Prime Minister Theresa May was the best Britain will get in a warning to the British parliament not to reject it. “Those...
If UK Lawmakers Don’t Approve Draft Brexit Deal, What Comes Next?
Nov 23 2018 // Theresa May has now presented the results of her two-year Brexit negotiation to Parliament. Next month she’s set to ask lawmakers to approve the deal. And everyone — except perhaps the prime minister —...
Factbox: Key Elements of EU-UK Draft Deal for Post-Brexit Relationship
Nov 22 2018 // Britain and the European Union have agreed in principle on a text setting out their future relationship. The deal is pending endorsement by the bloc’s leaders at a summit on Sunday. Here are some key elements of the...
EU, UK Agree Draft Text for Post-Brexit Ties Although Some Wrangles Remain
Nov 22 2018 // Britain and the European Union have agreed a draft text setting out a close post-Brexit relationship, though wrangling with Spain over control of Gibraltar must still be settled before EU leaders meet on Sunday in order to...
SCOR Launches Paris-Based P/C Specialty Insurer to Ensure Post-Brexit Continuity
Nov 22 2018 // SCOR announced the formation of SCOR Europe SE, a Paris-based P/C specialty insurance company, to ensure the continuity of services after Brexit. With effect from Jan. 1, 2019, SCOR Europe SE, a fully owned subsidiary of...
Generali Earmarks €4 Billion ($4.6 Billion) for Acquisitions, Growth
Nov 21 2018 // Generali has earmarked up to four billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia to fuel earnings. Italy’s top insurer — which...
UK Companies’ Role in Alleged Danske Money Laundering a ‘Disgrace’: Whistleblower
Nov 21 2018 // British company structures which hide the identity of those behind them were branded a disgrace by the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal involving Danske...
A.M. Best Discusses What’s Ahead for UK Insurers as Brexit Deadline Looms
Nov 21 2018 // When the UK withdraws from the EU, and at the end of any transition period, passporting rights that currently exist between the UK and countries in the European Economic Area (EEA) are expected to cease, said A.M. Best in...
UK Companies Prepare for Disorderly Brexit and Supply Chain Disruptions
Nov 21 2018 // British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a disorderly Brexit. With...
Bank of England Pressures EU to Deliver No-Deal Brexit Fix for Financial System
Nov 20 2018 // The Bank of England turned up the pressure on the European Union to deliver legislation within weeks to avert a breakdown of access to London’s crucial financial infrastructure in a no-deal Brexit. “By early to...
Prime Minister May’s Brexit Deal Has Fatal Defect: Opinion
Nov 20 2018 // Last week Theresa May unveiled her draft agreement with the European Union on the terms of Britain’s exit. The reaction was exactly as expected. Remainers despaired because the deal is so much worse than staying in...
Brexiteer Plot to Oust UK Prime Minister May Falters
Nov 20 2018 // Evidence is mounting that the plot to oust U.K. Prime Minister Theresa May is faltering. To trigger a vote of no confidence in her leadership, a total of 48 Conservative lawmakers need to submit letters, texts or emails...
