Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Arch Capital Chooses Dublin for Its Post-Brexit EU Headquarters
Jun 11 2018 // Bermuda-based Arch Capital Group Ltd. plans to expand the group’s underwriting operations in Dublin to ensure continuity of its operations across the European Union (EU) when the United Kingdom leaves the...
Allianz, UniCredit Form Bancassurance Partnership in Central & Eastern Europe (CEE)
Jun 8 2018 // Allianz Group and UniCredit have signed a long-term bancassurance cooperation agreement in the Central and Eastern Europe (CEE) region. With this agreement, which will gradually start in the second half of 2018, UniCredit...
Lawmaker Calls for UK to Uphold Financial Services Competitiveness After Brexit
Jun 8 2018 // Britain’s financial regulators should have a formal objective to keep London’s banking and insurance sectors globally competitive after Brexit, a senior lawmaker said on Thursday. The now defunct Financial...
Insurance Cutback Among Reasons Europeans Withdrawing from Iranian Oil Market
Jun 7 2018 // European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran, company and trading sources said. The...
RSA Receives Approval for Luxembourg Subsidiary for Post-Brexit EU Business
Jun 6 2018 // Insurer RSA Group has received licence approval for its new insurance subsidiary in Luxembourg from the r Commissariat aux Assurances (CAA). RSA Luxembourg is being established in preparation for the United Kingdom’s...
UK Minister Vows Financial Services to Remain ‘National Priority’ After Brexit
Jun 5 2018 // Financial services will remain a “guiding light” for Britain’s economy after Brexit and there is no intention to “rip up the rulebook” to compete better as a top financial center, a government...
QBE’s Lingafelter to Head Berkshire Hathaway Specialty in Australasia as Colahan Moves to UK, Europe
Jun 4 2018 // Berkshire Hathaway Specialty Insurance (BHSI) has appointed Mark Lingafelter as president, BHSI, Australasia. He assumes responsibility for the BHSI Australasia region from Chris Colahan, who is moving into the role of...
Climate Change at ‘Tipping Point,’ Says Europe’s Biggest Asset Manager
Jun 1 2018 // The world’s deepest-pocketed investors are starting to take climate change seriously, according to Amundi SA. “We are really observing a tipping point among the institutional investors on climate change,”...
European Commission Proposes Motor Insurance Reforms
Jun 1 2018 // The European Commission has proposed a series of proposals to strengthen European Union rules on motor insurance including one to assure that victims of accidents receive full compensation even when an insurer is...
European Corporations Given Guidance on Factoring Climate Risk in Financials
May 31 2018 // The European Bank for Reconstruction and Development has published guidance for companies reporting on the physical impact of climate change in their financial results. Concerns in the financial community that assets are...
More U.S. Firms Follow Europeans in Valuing Apprenticeships to Attract Talent
May 31 2018 // The rise of the apprentice: a European tradition comes to the U.S. The growing number of apprenticeships in the U.S. has more to do with European companies importing the practice into their American operations than with...
European Insurers Bypassing U.S. Treasuries
May 29 2018 // U.S. Treasuries need to get a lot cheaper to attract some European investors. Even with yields at multi-year highs, Treasuries are paying less than their pricier German peers when European insurers account for steep...
GDPR Day 1: Privacy Activist Files Complaints Against Tech Giants Over ‘Forced Consent’
May 25 2018 // As Europe’s new privacy law took effect on Friday, one activist wasted no time in asserting the additional rights it gives people over the data that companies want to collect about them. Austrian Max Schrems filed...
GDPR Day 1: Wake-Up Call for Many; Media Sites Shut EU Access
May 25 2018 // New European privacy regulations went into effect on Friday that will force companies to be more attentive to how they handle customer data. The ramifications were visible from day one, with major U.S.-media outlets...
GDPR Day 1: A New Era in Data Privacy Begins
May 25 2018 // From tech giant Facebook Inc. to libraries and schools, organizations are now subject to the world’s most far-reaching data privacy regulation in a crackdown aimed at protecting people from losing control over their...
Uber Expands Health Insurance Benefit to Drivers in 21 European Countries
May 24 2018 // Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment. The San...
Microsoft to Extend EU Data Privacy Rights Globally. Facebook, Google Not Quite.
May 24 2018 // Microsoft promised this week to give users worldwide the same data and privacy rights Europeans will get under new regulations there. That’s in contrast to some of its tech rivals, who are hedging on how much privacy...
How Data Privacy Laws Could Hamper Insurance Underwriting
May 24 2018 // Complying with the European Union’s new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting quality, A.M. Best...
Lloyd’s Receives Approval for Brussels Subsidiary
May 23 2018 // Lloyd’s of London reported that it has received licence approval from the National Bank of Belgium for Lloyd’s Insurance Co. Lloyd’s Brussels will be able to write non-life risks from the European...
Businesses, Big and Small, Come to Terms with New Data Privacy Law
May 23 2018 // Lisa Meyer’s London hair salon is a cozy place where her mother serves homemade macaroons, children climb on chairs and customers chat above the whirr of hairdryers. Most of the time Meyer is focused on hairstyles,...
