Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Analysis: Britain’s Proposed Post-Brexit Financial Services Law Underwhelms Industry
Jul 21 2022 // Britain’s reform of post-Brexit financial services is more about catching up with rivals than unleashing a “Big Bang 2.0” as it sidesteps calls to cut taxes on banks or ease curbs on hiring foreign staff...
Update: Climate Change Alarm Sounded as Wildfires Rage Across Europe
Jul 20 2022 // Emergency services battled wildfires across swathes of southern Europe amid mass evacuations on Wednesday, as warnings sounded in London after Britain’s hottest day that the fight against climate change needed to be...
Britain Initiates Post-Brexit ‘Transformation’ of Financial Services
Jul 20 2022 // British financial regulators will have to promote the global competitiveness of the country’s financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister...
Record Heatwave Scorches Europe, as Wildfires Continue to Rage in France, Spain
Jul 19 2022 // Britain was forecast to see temperatures hit 40C (104F) for the first time on Tuesday after logging its warmest night on record, while wildfires raged across parched countryside in France, Spain and elsewhere. As a...
New UK Finance Minister Targets Flexibility of Post-Brexit Financial Regs, Solvency II
Jul 19 2022 // Britain’s government must focus on sound public finances and avoid further fueling inflation by pumping up demand, new finance minister Nadhim Zahawi is due to say in his first major speech on Tuesday. Zahawi will...
UK Regulator May Lack Bandwidth to Push Post-Brexit Competitiveness: Policymaker
Jul 19 2022 // The Bank of England may not have enough resources to implement an extra objective of maintaining Britain as a competitive global financial center, a policymaker designate said on Monday. Britain’s government is due...
Europe Battles Wildfires in Intense Heat That Scientists Blame on Climate Change
Jul 18 2022 // JERTE, Spain – Authorities across southern Europe battled on Sunday to control huge wildfires in countries including Spain, Greece and France, with hundreds of deaths blamed on soaring temperatures that scientists say...
EU Court Upholds Greece’s Claim to ‘Feta’ in Snub to Denmark
Jul 15 2022 // Greece on Thursday scored a win in its fight to protect their right to the term ‘Feta’ as Europe’s top court reprimanded Denmark for not blocking local companies from using the name for sales outside the...
VW Sees EU Top Court Ruling Against Its Emissions Software as Confirmation
Jul 14 2022 // Volkswagen’s software that altered car emissions constituted an illegal defeat device in certain driving conditions, the EU’s top court ruled on Thursday, while the automaker said the ruling confirmed its...
People Moves: Lloyd’s Europe Hires Heugues From Ageas as Chief Underwriter; Parsyl Staffs London Marine Cargo Office
Jul 8 2022 // Lloyd’s Europe reports the appointment of Bertrand Heugues as chief underwriting officer effective 14 July. He will be responsible for overseeing underwriting, delegated authority management, claims and the...
Ryan Specialty Expands European Presence With Launch of Madrid Office
Jul 7 2022 // Ryan Specialty announced it has opened an office in Madrid as a next step in the evolution of the firm’s transactional risk managing general underwriter, Ryan Specialty Transactional Risks International. Madrid is...
UK Government Chaos Sparks Fears in City of London of More Post-Brexit Limbo
Jul 7 2022 // City of London executives have expressed anxiety that the turmoil rocking the UK government may delay or derail post-Brexit reforms aimed at boosting competition and growth. The resignations of Chancellor Rishi Sunak and...
Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected
Jul 6 2022 // Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter. Even the toughest hypothetical scenarios in the...
EU Lawmakers Pass Landmark Rules to Rein In Tech Giants, but Enforcement a Concern
Jul 6 2022 // EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators’ limited...
Del Vecchio’s Successor Shares Same Vision for Building Generali Into European Leader
Jul 6 2022 // Leonardo Del Vecchio’s right-hand man was named on Monday to succeed the Italian billionaire — who died last week — as chairman of the family’s Delfin holding company. Francesco Milleri, the...
Ardonagh Europe to Acquire Léons Group in the Netherlands
Jul 5 2022 // Ardonagh Europe Ltd., the Dublin-based subsidiary of The Ardonagh Group, announced it has agreed to acquire Léons Group, an independent family-owned insurance brokerage and consultancy firm in the...
Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models
Jun 30 2022 // Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for...
EU Antitrust Enforcers Accept Offer From Irish Insurers’ Association
Jun 30 2022 // EU antitrust enforcers accepted on Thursday an offer from Irish insurers’ association Insurance Ireland to open up its data sharing platform to non-members and apply fair criteria to access it aimed at averting a...
EU Seeks Agreement on Ground-Breaking Regulations for Crypto Assets
Jun 30 2022 // The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, crypto assets are largely...
Marsh Launches Cyber Incident Management Service to Support UK, European Clients
Jun 28 2022 // Insurance broker Marsh announced the launch of its Cyber Incident Management (CIM) service to support clients headquartered in the UK and Continental Europe to prepare for, respond to, and recover from cyber incidents, as...
