Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
XL Catlin Promotes Gerbaud to Head International Environmental
Jun 7 2017 // XL Catlin’s insurance operations announced the promotion of Adias Gerbaud to head international environmental. In her newly expanded role, Gerbaud will be responsible for managing XL Catlin’s environmental...
U.S. P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord
Jun 6 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...
CNA Hardy to Establish Subsidiary in Luxembourg
Jun 6 2017 // Specialty commercial insurer CNA Hardy said it plans to open a new European subsidiary in Luxembourg. The company said it is acting to provide “continuity to our employees, customers and brokers” in the current...
Trump Hands Climate Leadership Role to China to Dismay of Global Leaders
Jun 2 2017 // President Donald Trump’s decision to isolate the U.S. on climate change triggered waves of complaints from government and business leaders around the world and handed China a golden opportunity to burnish its image...
China, EU Re-Commit to Paris Climate Agreement – Even if U.S. Withdraws
Jun 1 2017 // Chinese Premier Li Keqiang said the world’s No. 1 polluter will stick to its pledges to tackle global warming, underscoring the risk of U.S. isolation if President Donald Trump pulls out of the Paris climate...
Trump Expected to End U.S. Participation in Paris Climate Pact
May 31 2017 // President Donald Trump plans to make good on his campaign vow to withdraw the United States from a global pact to fight climate change, a source briefed on the decision said on Wednesday, a move that promises to deepen a...
FM Global Gets License in Luxembourg to Launch Post-Brexit EU Hub
May 31 2017 // U.S. commercial property insurer FM Global has been approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain’s decision to leave...
Greece Aims to Attract U.K. Shipowners, Insurers & Brokers Seeking Brexit HQs
May 31 2017 // The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc. “We’re in contact...
Chubb Names Bryant as Regional Cyber Risk Manager, Europe
May 30 2017 // Chubb announced the appointment of Kyle Bryant to the newly created role of regional cyber risk manager, Europe. In his new role, Bryant will bring together Chubb’s dedicated local cyber risk expertise across its...
Allied World Europe Launches UK Commercial Division
May 30 2017 // Allied World Assurance Co. Holdings AG has announced the launch of its UK Commercial Division. “Our clients tell us they need simple, affordable and flexible insurance solutions and our UK Commercial Division...
UK’s Legal & General Chooses Dublin as Post-Brexit Base for Some Operations
May 26 2017 // British insurer Legal & General said it will move some of its investment management operations to Ireland to ensure it can continue to serve its customers after Brexit. In a win for Dublin’s campaign to attract...
Bermuda Can Withstand Trump’s U.S. Tax Plans, Says Premier Dunkley
May 24 2017 // Bermuda Premier Michael Dunkley said the nation will be able to attract businesses even as U.S. President Donald Trump plans to reduce tax rates to help keep companies onshore. “One of the things that I find very...
Insured Losses for Europe’s Windstorm Thomas Rise to $279.2M: PERILS
May 23 2017 // The latest property insured loss estimate for Windstorm Thomas, which on Feb. 23-24 hit the British Isles, the Netherlands, Belgium and Germany, is €249 million (US$279.2 million), according to PERILS, the independent...
Islamic State Claims Responsibility for UK Terror Attack – Worst Since 2005
May 23 2017 // Prime Minister Theresa May vowed to combat the “ideology” behind Britain’s worst terrorist attack in 12 years after a suicide bombing killed 22 people at a pop concert. Islamic State claimed...
UK Firms Choosing Luxembourg as Brexit HQ May Find Lifestyle Differences
May 22 2017 // Little Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase & Co. to insurance giant American International Group Inc. While many find the Grand Duchy a...
China Eyeing Cyber Rule Delay After Outcry from Foreign Firms: Sources
May 22 2017 // China may delay full implementation of controversial new cyber security rules, giving companies more time to prepare, two people who attended a meeting on Friday between the country’s internet regulator, businesses...
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...
