Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Munich Re CFO Schneider to Retire, Succeeded by ERGO’s Jurecka
Jul 17 2018 // Munich Re’s Chief Financial Officer Jörg Schneider, who turns 60 this year, will retire from the Munich Re board of management at his own request on Dec. 31, 2018. The Supervisory Board of Munich Re has appointed...
UK PM’s Brexit Plans Threatened by Euroskeptics; Others Support 2nd Referendum
Jul 16 2018 // Theresa May’s long-running battle with her divided Conservative Party took a potentially more dangerous turn, as one of her former ministers began assembling lawmakers to vote against her Brexit plans. Euroskeptic...
U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance
Jul 16 2018 // New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers,...
Trump Apologizes to UK Prime Minister for ‘Fake News’ Criticisms of Brexit Plan
Jul 14 2018 // President Donald Trump said on Friday the United States and Britain could secure a “great” post-Brexit trade deal, lavishing praise on Prime Minister Theresa May and contradicting his own withering assessment...
Trump Criticizes UK Prime Minister’s Brexit Plan, Saying He Would Have Done It Better
Jul 13 2018 // U.S. President Donald Trump said a free trade deal with Britain might be impossible if London went ahead with Prime Minister Theresa May’s proposals for post-Brexit ties with the European Union, in damaging remarks...
UK Banks, Insurers Support Global Standards for Regulation After Brexit: Watchdog
Jul 13 2018 // Britain’s banks and insurers want to stick to global standards on financial regulation after Brexit and are not calling for a “race to the bottom” to win business from European rivals, the head of...
Financial Services Industry Slams Latest UK Proposal for Post-Brexit EU Trade Ties
Jul 13 2018 // Britain’s financial industry slammed U.K. Prime Minister Theresa May’s latest proposal for Brexit, with some calling it the worst outcome possible. In some of their most forthright comments since the referendum...
EU Dismisses UK Concerns About Post-Brexit Continuity of Insurance Contracts
Jul 12 2018 // The Bank of England’s warning that Brexit threatens trillions of pounds of financial contracts is falling on deaf ears in Brussels. Valdis Dombrovskis, the European Union’s head of financial-services policy,...
Europe’s Banks Move to Greener Finance in Response to Climate Change Risks
Jul 12 2018 // Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change. “It is coming, it’s a trend that’s...
Facebook Faces £500,000 Fine in UK over Cambridge Analytica Data Privacy Violations
Jul 11 2018 // Facebook Inc. could be fined a symbolic 500,000 pounds ($664,000) by the U.K.’s privacy regulator after the social network giant failed to prevent key user data falling into the hands of a political consultancy that...
China’s Anbang Insurance Eyes Sale of Fidea, as 1st European Divestment: Sources
Jul 10 2018 // Anbang Insurance Group Co. is exploring a sale of Belgian insurer Fidea, people with knowledge of the matter said, in what would be the troubled Chinese insurer’s first European divestment since it was seized by the...
Travelers Europe Launches Stand-Alone Cyber Product for UK, Ireland Businesses
Jul 9 2018 // Travelers Europe announced the availability of Travelers CyberRisk, a new standalone cyber insurance product for organizations of all sizes in the United Kingdom and Ireland. Travelers CyberRisk provides liability and...
UK’s Top Brexit Officials Resign, Creating New Uncertainties for Business
Jul 9 2018 // Just as Prime Minister Theresa May softened her plan for leaving the European Union — a move that companies welcomed — the resignation of the U.K.’s top Brexit officials and foreign secretary creates new...
Brexit Begins to Hit UK Financial Services as EU Counterparts See Big Gains: Study
Jul 9 2018 // Britain’s financial-services industry is suffering a drop in foreign investment while some of its European counterparts enjoy big gains, according to a new study that shows the starkest indication yet of...
World’s Largest Tech Companies May Be Violating EU’s New Data Privacy Law
Jul 5 2018 // Some of the world’s largest technology companies might be breaking the European Union’s new data privacy law, according to an analysis of their policies conducted by artificial intelligence...
California’s Data Privacy Law a Concern, Opportunity for Insurance Industry
Jul 3 2018 // California is on track to have what will be the nation’s most far-reaching law to give consumers more control over their personal data. The new law may be both a big concern, as well as a new and important...
Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €724M ($842.3M): PERILS
Jul 3 2018 // The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €724 million (US$842.3 million), according to PERILS, the Zurich-based organization that provides industry-wide...
Luxembourg Runs Low on Large Offices for Insurers, Banks Seeking Post-Brexit HQs
Jul 2 2018 // Luxembourg is so tiny that map-makers have been known to give up and pretend it’s not there. So as the minuscule financial hub continues to draw London firms opening up a post-Brexit presence in the European Union,...
FERMA, Latin American Risk Mgmt. Group ALARYS Partner to Offer Rimap Certification
Jun 29 2018 // The Federation of European Risk Management Associations (FERMA) and Latin American risk management association ALARYS signed a memorandum of understanding to jointly promote the FERMA rimap® risk management certification...
EU Needs to Prevent Brexit Threat to Derivative Contracts: BOE’s Carney
Jun 27 2018 // Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of derivative contracts, stepping up pressure on the European Union to act. Unless the EU follows the U.K....
