Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
PERILS Releases European Windstorm Catalogue (1979-2015)
May 18 2017 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has released a storm catalogue containing the gust footprints of more than 200 of the largest European windstorms...
European Cyber Police Hunt for Culprits of Global Ransomware Attack
May 18 2017 // Days after the global cyber attack, U.K. police are trying to figure out whether it was an established network of criminals, state-backed hackers or bored teenagers that crippled the country’s health service. The...
Markel to Set Up Munich-Based Subsidiary in Preparation for Brexit
May 18 2017 // Markel Corp. announced it plans to apply for regulatory approval to establish an insurance company in Germany to ensure that whatever the outcome of the Brexit negotiations it will be able to meet the insurance needs of...
Global Insurers Face High Compliance Costs with New Accounting Rules
May 18 2017 // Insurers in over 100 countries face a “once in a lifetime” accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on...
BHSI Launches Casualty Platform; Leeks Named Head of Casualty, UK & S. Europe
May 16 2017 // Berkshire Hathaway Specialty Insurance (BHSI) is introducing public and products liability insurance in the UK, Ireland and Southern Europe, and employer’s liability insurance in the UK and Ireland, while naming...
Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack
May 15 2017 // Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber...
Global Cyber Attack Expected to Continue but Malware Spread Slows
May 15 2017 // Governments and companies around the world began to gain the upper hand against the first wave of an unrivaled global cyber attack, even as the assault was poised to continue claiming victims this week. More than 200,000...
Uber Faces Biggest Challenge to European Plans in Region’s Top Court
May 12 2017 // Uber faces the biggest challenge yet to its European roll-out after the region’s top court was advised to rule that the U.S. ride-hailing firm is actually a transport service not an app. Although the opinion of the...
Generali Plans Expansion in Asset Management to Boost Profits
May 11 2017 // Generali is looking to buy portfolio management teams to expand its asset management operations and beef up its fee-based business, the Italian group said after reporting a 9 percent fall in first-quarter profits on...
Transamerica Owner Aegon’s Profits Up; Shares Drop on Solvency Concerns
May 11 2017 // Aegon, the Dutch insurer that does most of its business in the United States, on Thursday reported first-quarter net income of 378 million euros ($411 million), helped by the performance of its investment...
AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital
May 10 2017 // AXA Chief Executive Thomas Buberl plans to overhaul the group’s U.S. operations, proposing to float its American life insurance and asset management businesses in 2018 in order to free up capital and pursue takeover...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
Insurance Hub Gibraltar Plans for End of EU Passporting After Brexit
May 9 2017 // Gibraltar is preparing for a post-Brexit setup in which its firms will have no longer access to the European Union market but will maintain a preferential relationship with Britain, a top Gibraltar financial official said...
More Than 25% of UK Financial Firms Make Plans for EU HQs on Brexit: EY
May 9 2017 // More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY. That’s a 50 percent...
Beazley Taps HCC Global’s Segovia to Lead Financial Lines on Continent
May 5 2017 // Specialist insurer Beazley has appointed Lorena Segovia to the newly created role of financial lines regional manager for continental Europe. Based in the company’s new Barcelona office, Segovia will be responsible...
Luxembourg ‘Not Offering’ Special Deals to Lure Financial Firms After Brexit
May 5 2017 // Luxembourg is in talks with a wide range of financial firms looking to relocate out of London as Britain leaves the European Union, but it will not offer sweeteners to undercut rival centers, Finance Minister Pierre...
QBE to Move European HQ from London to Continent After Brexit
May 3 2017 // QBE Insurance Group will move its European base from London to the continent because of uncertainty in accessing the European market after Brexit, the chairman of Australia’s largest international insurer said on...
Complex Solvency II Reporting Puts Off Insurer Investors: Willis Towers Watson
May 2 2017 // The insurance sector is at risk of being further marginalized by investors because performance reporting has become more complicated as a result of Solvency II, according to a report published jointly by Autonomous...
London Market Group Re-Appoints Aubert as Chairman
Apr 28 2017 // The London Market Group (LMG) announced the re-appointment of Nicolas Aubert, head of Great Britain for Willis Towers Watson, as its chair. The last 12 months has seen progress across all LMG’s workstreams, including...
Political Risk Tops List of Worries for Insurers Across Globe: GS Survey
Apr 27 2017 // Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday. Political events have overtaken...
