Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
French Telecom Groups Eye Moves into Online Banking – and Eventually Insurance
Jul 14 2017 // French billionaire Patrick Drahi plans to launch an online bank by spring 2019 across the euro zone countries where his telecoms group Altice operates, a source close to the matter said on Thursday. Mobile operators are...
FERMA European Risk Management Certification Available Online
Jul 13 2017 // The Federation of European Risk Management Associations (FERMA) announced that its European Certification program is now available online. The first online examinations will start in September. “This is a major step...
Brexit Deal Must Protect Insurance Sector’s Benefits to UK Economy: ABI
Jul 13 2017 // The insurance and long-term savings sector is one of the UK’s most productive industries, adding more than £40 billion (US$51.5 billion) a year to the economy and helping Britain thrive, according to a study...
Generali to Sell $50B German Life Business to Restructure in Europe: Sources
Jul 13 2017 // Generali has put its 44 billion euro ($50 billion) German life insurance portfolio up for sale as it restructures in Europe, sources close to the matter said. Morgan Stanley is evaluating options, including a sale, for...
Looming EU Cyber Rules to Provide ‘Shot in Arm’ for Cyber Market: A.M. Best
Jul 12 2017 // The European Union’s looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive fines for failure to comply. That’s the bad news. The...
Former Texas Businessman Gets 7 Years for Scamming London Insurer
Jul 11 2017 // A former Texas businessman was sentenced to seven years in prison and ordered to repay nearly $4 million in an insurance scam targeting a British company. Federal prosecutors say 66-year-old Wesley Michael Woodyard was...
Brexit Should Preserve Free Trade for Financial Services: FCA’s Bailey
Jul 7 2017 // Finance firms should not be forced by regulators to change location after Britain leaves the European Union in 2019, Andrew Bailey, chief executive of the UK’s Financial Conduct Authority told a Reuters Newsmaker...
Ironshore International’s M&A and Tax Insurance Unit Opens Frankfurt Office
Jul 7 2017 // Ironshore International’s Mergers & Acquisitions and Tax Insurance unit announced it has opened an office in Frankfurt, Germany, through Ironshore Agency Ltd., to expand its European presence. Ironshore M&A...
UK Risks Losing Status as Europe’s Top Finance Center After Brexit: Report
Jul 6 2017 // Britain will lose its status as Europe’s top financial center unless it keeps borders open to specialist staff, improves infrastructure and expands links with emerging economies, TheCityUK said in a report published...
Ex-Swiss Re CEO Liès to Be Named Chair of Zurich Insurance, Succeeding de Swaan
Jul 6 2017 // Zurich Insurance Group’s board of directors announced it will elect the former group CEO of Swiss Re, Michel M. Liès, as its new chairman. The election will be held at the group’s annual general meeting on...
EXIN Buys 75% Stake in Ethniki Insurance from National Bank of Greece for $819M
Jun 30 2017 // EXIN Financial Services Holding B.V. has purchased a 75 percent stake in insurer Ethniki Hellenic General Insurance S.A. from the National Bank of Greece (NBG) for €718 million (US$819.2 million). Amsterdam-based EXIN...
EU Aims to Hike Old-Age Protection with Proposal for Pan-Europe Pension Product
Jun 29 2017 // The European Commission proposed on Thursday establishing a new pan-European pension product to increase private savings for old age and boost the growth of an EU industry currently worth some 700 billion euros ($800...
MS Amlin to Re-Domicile its Post-Brexit European Headquarters to Belgium
Jun 28 2017 // MS Amlin, the specialist global re/insurer, plans to re-domicile its European business, Amlin Insurance Societas Europaea (AISE), to Belgium in response to Brexit. MS Amlin said it will keep its global headquarters in...
‘WannaCry’-Like Cyber Attack Spreading to Firms Globally
Jun 27 2017 // A new cyberattack similar to WannaCry is spreading from Europe to the U.S. and South America, hitting port operators in New York, Rotterdam and Argentina, disrupting government systems in Kiev, and disabling operations at...
Major Ransomware Attack Spreads from Europe to U.S.
Jun 27 2017 // A new cyber attack similar to WannaCry is spreading from Europe to the U.S., hitting port operators in New York and Rotterdam, disrupting government systems in Kiev, and disabling operations at companies including Rosneft...
Existing EU Contracts Must Be ‘Grandfathered’ After Brexit to Avoid Complexity: Lloyd’s CEO Beale
Jun 26 2017 // Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd’s of London Chief Executive...
Brexit Critics Now Emboldened to Block Prime Minister’s Plans for ‘Hard Brexit’
Jun 23 2017 // When she called a snap election in April, Theresa May said she needed voters’ backing to silence rivals in Parliament who were trying to frustrate her plans for Brexit. Instead, the British prime minister’s...
UK Plans $1B-Plus Investment in Driverless & Electric Vehicle Technology
Jun 22 2017 // The UK government plans to invest more than 800 million pounds ($1 billion) in new driverless and zero-emission vehicle technology as it seeks to boost its economy while leaving the European Union. Investment in research...
Legacy Specialist Compre to Acquire Irish Captive Insurer Equinox CA Europe
Jun 20 2017 // Compre, the independent insurance and reinsurance legacy specialist, today announces it has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin. The...
UK, EU Insurers & Banks Need ‘New System’ for Their Post-Brexit Business
Jun 20 2017 // British and European Union banks need a new system to let them do business with each other after Brexit to avoid splitting markets, Britain’s finance minister Philip Hammond said on Tuesday. Britain, the EU’s...
