Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Sompo International Receives Luxembourg OK for Post-Brexit P/C Subsidiary
Apr 23 2018 // Bermuda-based property/casualty insurer and reinsurer Sompo International Holdings Ltd. said it has received the regulatory approvals from the Ministry of Finance of Luxembourg to establish a new subsidiary, SI Insurance...
U.S., Europe Order Emergency Checks on 700 Engines Like One in Southwest Accident
Apr 23 2018 // U.S. and European airline regulators on Friday ordered emergency inspections within 20 days of nearly 700 aircraft engines similar to the one involved in a fatal Southwest Airlines engine blowout last week, citing risks of...
Facebook to Restrict Number of Users Protected Under EU’s New Privacy Law: Reuters
Apr 23 2018 // If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc. users around the world would be protected by it. The online social network...
AIG Prepares for Brexit with Authorization of UK, Luxembourg Subsidiaries
Apr 20 2018 // American International Group Inc. announced the authorization of new insurance companies in the United Kingdom and Luxembourg in preparation for the UK’s exit from the European Union. The formation of the two new...
Generali to Sell Belgian Operations to Athora Holding for $668.3M in Cash
Apr 19 2018 // Italy’s Generali has agreed to sell its Belgian operations to Athora Holding Ltd. for approximately €540 million ($668.3 million) in cash. The transaction is expected to close in the second half of 2018, subject to...
Spanish Mayor Offers Gibraltar’s Insurers a Solution for Post-Brexit Access to EU
Apr 19 2018 // A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea on the southern tip of...
Facebook Begins Complying with EU’s Privacy Rules; Global Users to Be Protected
Apr 18 2018 // Facebook Inc. is starting to comply with new privacy rules in Europe. And then, to get ahead of scrutiny everywhere else, the company said it will provide the same protections to the rest of its 2 billion users. Users in...
Insured Losses from Europe’s Storm Friederike Rise to €1.63B (US$2.0B): PERILS
Apr 17 2018 // PERILS AG has issued its second loss estimate of €1.63 billion for Europe’s windstorm Friederike, also known as David. Friederike caused property damage in the British Isles, Belgium, the Netherlands and Germany on...
U.K. Insurance Exec Denies Misuse of His Firms’ Data to Influence Brexit Vote
Apr 17 2018 // A prominent campaigner to leave the European Union, Arron Banks, denied allegations on Tuesday by a former employee of political consultancy Cambridge Analytica that he had misused personal data for political...
U.K. Businesses Against Uncertainty of Second Brexit Referendum
Apr 17 2018 // The plot to reverse Brexit is missing a key ally: U.K. business. Companies have been among the most outspoken critics of the split from the European Union, and many have much to lose from the divorce. But as a group of...
London’s Status as Global Finance Center at Risk from Brexit, Warn Leading Bankers
Apr 13 2018 // Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance center as companies prepare to shift jobs out of London to preserve access to...
EU Regulators Urge Insurers, Banks to Take ‘Timely Action’ to Avoid Brexit Disruption
Apr 12 2018 // European Union regulators urged banks, investors and customers on Thursday to take “timely action” to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit. Britain leaves the EU...
PERILS Issues Updated Industry Exposure Database for Australia, Europe & Turkey
Apr 11 2018 // PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released a 2018 update of its Industry Exposure Database (IED). The updated country IEDs have again been produced...
Sompo Int’l to Form Retail Insurance Platform to Integrate International Businesses
Apr 10 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced it will establish a retail platform designed to integrate all the operations of Sompo Holdings Inc....
Beazley Names Bergler as Head of Broker Relations for Continental Europe
Apr 10 2018 // Specialist insurer Beazley has announced the appointment of Andreas Bergler as head of Broker Relations for Continental Europe. At the same time, the company said, Martin Fricke would succeed Bergler as head of treaty in...
UK Regulator FCA Calls for Coordination with EU to Assure Smooth Brexit
Apr 9 2018 // Britain’s financial watchdog called on Monday for immediate coordination with European Union counterparts to ensure that Brexit is as smooth and stable as possible for markets. The Financial Conduct Authority (FCA)...
Facebook ‘Willing’ to Meet with EU Regulators over Widening Data Scandal
Apr 6 2018 // Facebook Inc. expressed a “willingness to engage” with European Union regulators in the wake of fresh evidence showing that data on most of the social network’s 2 billion users could have been accessed...
Zurich Taps AXA’s Blanc as CEO of EMEA, Succeeding Shaughnessy
Apr 5 2018 // Zurich Insurance Group announced that Gary Shaughnessy will step down from his role as chief executive officer for Europe, Middle East & Africa (EMEA) and as a member of Zurich’s executive committee in the fourth...
Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €680M ($837.8M): PERILS
Apr 3 2018 // The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €680 million (US$837.8 million), according to PERILS, the Zurich-based organization that provides industry-wide...
Specialty Insurer Fortegra Financial Corp. Launches EU Subsidiary in Malta
Mar 29 2018 // Fortegra Financial Corp., a Jacksonville-based international specialty insurer and subsidiary of Tiptree Financial, announced the creation of a wholly owned European subsidiary in Malta. The unit, called Fortegra Europe...
