Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
London Market’s Priorities in 2018 Are Regulation, Brexit, Modernization: IUA
Jan 22 2018 // Regulatory developments, such as the EU’s new data protection law, will dominate priorities for the London company insurance market in 2018, according to the International Underwriting Association in its annual...
Companies Across Globe Race to Comply with EU’s Data Protection Law
Jan 22 2018 // Business is booming for software and privacy experts as companies across the globe spend millions of dollars to comply with a landmark European data protection law, even as many uncertainties remain about how the rules...
Luxembourg Sees No Reason to Change EU ‘Delegation’ Rules After Brexit
Jan 22 2018 // Luxembourg’s finance minister Pierre Gramegna said on Friday the European Commission should stick to the current rules that allow funds managed in London to be domiciled and regulated in another country. His comments...
Edison Motor Launches on Volante’s New UK-Based MGA Platform
Jan 19 2018 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Edison Motor and the appointment of Steven Dickie and Doug Ockwell as joint...
London’s Brexit-Related Job Losses Will Be Fewer Than 1st Feared: Policy Chief
Jan 19 2018 // Britain’s vast financial services industry will suffer far fewer job losses from Brexit than first feared, the City of London’s policy chief told Reuters, in remarks that will boost supporters of leaving the EU...
EU Will Reap Benefits of London Staying Strong Financial Hub After Brexit: Opinion
Jan 17 2018 // Last week, the U.K. government asked German business leaders for help in securing a good deal with the European Union on financial services. The request deserves to be taken seriously. Europe’s businesses have much...
Here Are Some Post-Brexit Scenarios Being Discussed for UK Financial Services
Jan 16 2018 // A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. EU trade negotiator Michel Barnier...
CNA Hardy Names Middleton as CEO of Post-Brexit EU HQ in Luxembourg
Jan 12 2018 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, has appointed Stuart Middleton as CEO of its Luxembourg subsidiary, subject to regulatory approval. The...
Insured Losses for Europe’s Storm Egon Finalized at $329.7M by PERILS
Jan 12 2018 // The final insured loss estimate for windstorm Egon, which primarily affected France and Germany on Jan. 12-13, 2017, is €275 million (329.7 million), according to PERILS AG, the independent Zurich-based company that...
Insured Losses from Europe’s Storm Eleanor/Burglind Estimated at $1.3B-$1.9B: AIR
Jan 12 2018 // Insured losses from winter Storm Eleanor/Burglind, which hit northern Europe on Jan. 3, will range between €1.1 billion ($1.3 billion) and €1.6 billion ($1.9 billion), according to estimates from catastrophe modeling...
Failure to Agree on Brexit Deal Could Jeopardize 500,000 UK Jobs: Study
Jan 11 2018 // What would happen if the U.K. leaves the European Union in March 2019 with no deal on the single market, customs union or transition arrangements? London Mayor Sadiq Khan commissioned a study and the answer was half a...
UK Prime Minister to Meet Finance Heads to Discuss Brexit’s Threat to London
Jan 10 2018 // Britain’s Prime Minister Theresa May will meet executives from major finance companies on Thursday to give them a clearer idea of what Britain’s European Union exit will mean for them. There are concerns that...
UK Names Former Accenture Exec to Oversee London Financial Services Industry
Jan 10 2018 // Prime Minister Theresa May has appointed a former management consultant John Glen as the new City minister to oversee a financial services sector facing upheaval as Britain prepares to leave the European Union. Glen, whose...
London’s Brexit-Related Job Losses May Not Be as High as Initially Feared
Jan 8 2018 // British banking, insurance and asset management job losses to the European Union due to Brexit might not be as heavy as initially feared, the City of London financial district said on Monday. Jeremy Browne, the...
Most UK Tories Oppose 2nd Brexit Vote; 78% of Labour Would Support It
Jan 5 2018 // The overwhelming majority of members of Prime Minister Theresa May’s Conservative Party don’t want there to be a second referendum on Britain’s EU membership, according to a survey published Thursday. For...
Travelers Europe Offers Enhanced Cyber Cover for UK & Ireland Tech Sector
Jan 4 2018 // Travelers Europe announced it has enhanced its offering for technology businesses in the United Kingdom and Ireland with a packaged product to provide improved protection against the unique cyber risks facing IT,...
EU Ruling Upholding Taxi Rules for Uber a Contrast to U.S. Approach
Dec 22 2017 // A European Union decision to treat Uber Technologies Inc. like a taxi company spotlights a trans-Atlantic divide over how governments cope with disruptive technologies and could embolden U.S. cities to restrict the...
Willis Towers Watson Places Cat Bond for France’s Covea Mutual
Dec 21 2017 // Willis Towers Watson Securities said it has structured and placed EUR 90 million of insurance-linked securities (ILS) for Covea Mutual Insurance Group, France’s largest domestic property/casualty insurance group. The...
Travelers Names Rnjak to Lead Its Lloyd’s Platform
Dec 21 2017 // Travelers Europe announced it has appointed Nick Rnjak to lead Travelers Syndicate Management Ltd., its wholly owned platform in the Lloyd’s insurance market. Rnjak most recently served as chief underwriting officer...
Blakey Named President, CEO of Starr Insurance Holdings as Dangelo Retires
Dec 20 2017 // Starr Companies announced the appointment of Steve Blakey as president and chief executive officer of Starr Insurance Holdings. Blakey replaces Chuck Dangelo, who has announced his retirement. Dangelo has been with Starr...
