Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Global Regulators’ Rethinking of Risk Assessment Welcomed by Large Insurers
Nov 21 2017 // Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry. The Financial Stability Board said on Tuesday it could take a different...
UK P&I Insurer Chooses Dublin as EU Headquarters After Brexit
Nov 21 2017 // British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the second of these specialized providers to opt for...
Factbox: Growing List of Insurers Decide on Post-Brexit EU Headquarters
Nov 21 2017 // Sompo International Holdings, a Bermuda-based unit of Japanese insurer Sompo, said it will set up a subsidiary in Luxembourg, in case Britain does not have access to the single market after Brexit. Below are...
Technology Risk Mgmt Association TechAssure Names New Member in Germany
Nov 20 2017 // TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named German insurance brokerage BüchnerBarella as a new member, effective...
UK P&I Insurer North to Form Dublin Subsidiary as EU Post-Brexit Hub
Nov 20 2017 // British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to announce such a...
EU Wants Insurers to Plug Investment Gap, but Bank Partners Needed: Regulator
Nov 17 2017 // Efforts to get insurers to plug Europe’s investment gap by backing riskier assets could be undermined if banks are unwilling to share crucial credit data with them, a European Union insurance regulator said. EU...
EU Insurers Have Raised Their Exposure to Riskier Investments: EU Regulator
Nov 17 2017 // Insurance companies, in their search for yield, have increased their exposure to bonds with lower credit ratings and to less liquid securities like non-listed equities and loans, according to a survey by Europe’s...
Europe’s Re/Insurers Cut Coal Investments by $20B; U.S. Firms Fail to Act: Report
Nov 16 2017 // Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken “meaningful action,” campaign group Unfriend Coal said on Wednesday. Government...
JPMorgan Warns of Market Disruption If Clearing Houses Cut-Off by Brexit
Nov 15 2017 // Financial markets face Brexit day upheaval if clearing houses in Britain are abruptly cut off from continental customers, a senior JPMorgan bank official said on Wednesday. Sally Dewar, international head of regulatory...
Russian Cyber Attacks Target Major U.K. Industries, Says Top Spy
Nov 15 2017 // Britain’s National Cyber Security Centre publicly confirmed for the first time that Russia has carried out internet assaults on major U.K. energy, technology and media companies, as tensions escalate over the...
Humans Must Fight the Driverless Dystopia: Viewpoint
Nov 14 2017 // Two iconic figures in the car industry — former General Motors head of product development Bob Lutz and Renault-Nissan-Mitsubishi Alliance Chairman Carlos Ghosn — have recently outlined competing visions for the future...
AXA Simplifies Structure with 5 Geographies; New Management Committee Formed
Nov 14 2017 // AXA Group announced it is simplifying its operating model by creating five global geographies: France, Europe, the U.S., Asia, and International. In addition, it has created a single, refocused Corporate Center, which is...
Dublin Attracts Wave of U.S. Financial Services Firms Seeking Post-Brexit EU Hubs
Nov 14 2017 // American direct investment in financial services that would normally head for Britain will be diverted in part to Dublin because of Brexit, Ireland’s financial services minister Michael D’Arcy said on Friday...
Zurich to Transfer German Legacy Medical Practice Portfolio to Catalina
Nov 7 2017 // Zurich Insurance Group announced that its subsidiary Zurich Insurance plc has entered into an agreement with Catalina Insurance Ireland DAC (Catalina) to transfer its German legacy medical malpractice book to Catalina. The...
London Market’s IUA Warns Against Expansion of EU Motor Insurance Directive
Nov 6 2017 // The European Motor Insurance Directive (MID) should not be extended to include liability for accidents on private property, warned the International Underwriting Association (IUA). An expansion of the EU directive’s...
Despite Earthquake Risk, UK Ready to Begin Fracking – Again
Nov 6 2017 // Six years after Britain’s first fracking operation was stymied by earth tremors, its shale gas industry is poised to try again with a technology that could transform the UK gas market and drastically reduce its...
Update: EU to Weigh Tax Havens’ Blacklists Following Leak of Paradise Papers
Nov 6 2017 // European Union states will on Tuesday bring forward a discussion on plans for a tax havens’ blacklists after newly leaked documents revealed investments by wealthy individuals and institutions around the globe,...
China May Be Poised to Outpace U.S., Europe in Insurtech Innovation
Nov 3 2017 // Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular – may be poised to outpace U.S. and European counterparts developing insurtech innovations. Unencumbered by...
UK Could Lose 75,000 Insurance, Banking Jobs as a Result of Brexit: Regulator
Nov 1 2017 // Sam Woods, Britain’s top banking regulator, said a consultancy’s estimate that Brexit could cause as many as 75,000 job losses in banking and insurance is “plausible” if the U.K. leaves the European...
Beazley Launches Suite of Financial Lines Products in Spain
Oct 31 2017 // Specialist insurer Beazley has unveiled a comprehensive suite of financial lines products in Spain, designed for the needs of a broad range of commercial and financial organizations. Led by Lorena Segovia, Beazley’s...
