Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
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,...
EU’s Data Privacy Law Places AI Use in Insurance Under Closer Scrutiny
May 22 2018 // Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools...
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22 2018 // Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s...
CNA Hardy Names Leroy as French Country Manager
May 21 2018 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, is has appointed Delphine Leroy as country manager for France. Reporting to Stuart Middleton, CEO Continental...
Why Lloyd’s Chose Brussels for Post-Brexit Outpost: CEO Beale
May 21 2018 // Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington,...
It’s Up to Insurers to Prevent Brexit Disruption of Policies, Warns EU Chief
May 17 2018 // There is no guarantee that Brexit won’t disrupt millions of insurance and derivative contracts and it is still up to firms to take preventive measures, the European Union’s financial services chief said on...
Aspen Seeks OK for Post-Brexit Insurance Subsidiary in Ireland
May 16 2018 // Bermuda’s Aspen Insurance Holdings Limited has asked the Central Bank of Ireland to authorize a new insurance subsidiary in Dublin, Ireland. Aspen said it is pursuing the new Irish subsidiary – Aspen Insurance...
GDPR Insurance: Coverage for Fines Hard to Find But Other Non-Compliance Costs Insurable
May 16 2018 // The civil fines for non-compliance with the European’s new data privacy law can be steep but organizations across Europe should not expect to have their insurance cover them. Unless the business or organization is in...
UK, France, Germany Huddle on Iran Oil Tanker Insurance
May 15 2018 // If European powers are to succeed in holding together a nuclear deal with Iran that the U.S. abandoned a week ago, then one issue they’ll need to consider is the insurance of oil tankers hauling the Persian Gulf...
U.S. Warns European Businesses on Sanctions If They Do Business with Iran
May 13 2018 // European countries and companies that continue to do business with Iran could face U.S. sanctions, National Security Adviser John Bolton said Sunday. Part of the flaw with the Iran deal that President Donald Trump rejected...
Oil Shippers Face Insurance Uncertainty with Return of U.S. Sanctions on Iran
May 11 2018 // Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran after President Trump said on Tuesday he was reinstating a raft of sanctions against the Persian Gulf country. The...
Aon’s April Catastrophe Report: Storms Deal Blow in U.S.; Floods Take 78 Lives in Africa
May 10 2018 // During April, five separate storm systems caused severe thunderstorms across the United States, the strongest of which affected the Plains, Midwest, Southeast, Mid-Atlantic, and the Northeast, with nearly 70 tornado...
With Just Weeks to Go for GDPR, Europe’s Regulators Say They’re Underfunded, Unprepared
May 9 2018 // FRANKFURT/BRUSSELS/PARIS— Europe’s General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web. There’s one problem: many of the...
Tokio Marine Receives Approval for Subsidiary in Luxembourg
May 8 2018 // Tokio Marine Group said it has received regulatory approval from Luxembourg’s Commissariat aux Assurances and the Japanese Financial Services Authority to set up a new insurance company in Luxembourg. The new...
Sompo Completes Integration of Nipponkoa Insurance of Europe as Subsidiary
May 8 2018 // Bermuda-based specialty insurer and reinsurer Sompo International Holdings Ltd. said that the integration of Sompo Japan Nipponkoa Insurance Company of Europe Limited (SJNKE) into Sompo International reached a significant...
Insurers Advance Post-Brexit Hub Plans Despite Promises of Transition
May 7 2018 // Lloyd’s of London, AIG, Allianz and other insurers are ignoring assurances and establishing new hubs in Britain and the European Union before Brexit in March 2019 to ensure access to customers. The moves come despite...
