Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
People Moves: AXIS Specialty Europe Names Mullarkey as CEO; SCOR Syndicate Appoints Arch’s Biggas as Active Underwriter
Apr 1 2022 // This edition of International People Moves details appointments at AXIS Specialty Europe and SCOR Syndicate. A summary of these new hires follows here. AXIS Specialty Europe Names Mullarkey as CEO AXIS Capital Holdings...
People Moves: WTW Promotes Richardson to Europe Leader for Ins. Consulting & Tech; Miller Launches French Cargo Team; Tamesis DUAL Hires Argenta’s Toth as Dir. of U/W
Mar 29 2022 // This edition of International People Moves details appointments at the brokers Willis Towers Watson (WTW) and Miller, along with the MGA Tamesis DUAL. A summary of these new hires follows here. WTW Promotes Richardson to...
Big Tech Blackout Set to Be Averted With EU-U.S. Data Pact
Mar 28 2022 // The European Union and U.S. broke the deadlock on a new data-transfer pact, potentially avoiding a doomsday scenario for tech giants such as Meta Platforms Inc. and thousands of other firms that rely on free flows of...
European Union Lawmakers Agree to Force Foreign Firms to Comply With ESG Rules
Mar 23 2022 // European lawmakers have agreed to force roughly 28,000 foreign subsidiaries to comply with the bloc’s ESG rules, marking a blow to representatives for U.S. corporations who had lobbied for the opposite outcome. In a...
EU Proposes Cyber-Security Rules for EU Institutions Amid Rising Cyber Attack Worries
Mar 22 2022 // EU countries should put in place a framework to manage cyber-security risks at EU institutions, the European Commission said on Tuesday, amid concerns about rising cyber attacks that could disrupt key activities and steal...
Financial Market Volatility From Russia-Ukraine War Likely to Affect European Insurers
Mar 22 2022 // The Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions, according to Fitch Ratings. The rating agency...
People Moves: AXA XL Promotes Europe Managers; WTW Names Bassi for Insurance Consulting & Tech; Sedgwick Appoints Horrocks UK Head of Fraud Tech, Intelligence
Mar 17 2022 // This edition of International People Moves details appointments at AXA XL, Willis Towers Watson and Sedgwick. A summary of these new hires follows here. AXA XL Promotes 2 Regional Managers in Europe Peter Knaus AXA XL...
Consumers Risk Losing All Their Crypto Investments, EU Regulators Warn
Mar 17 2022 // Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement on Thursday. “Consumers...
Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia
Mar 14 2022 // Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia. The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and...
Insured Losses From February’s Windstorms in Europe Could Reach €4.5 Billion: RMS
Mar 2 2022 // Insured losses from February’s windstorms Dudley and Eunice will likely fall between 3.0 and 4.5 billion Euro (US$3.4 and US$5.1 billion), with Germany accounting for around 40% of the total loss, according to risk...
Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk
Feb 25 2022 // Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2 billion-$5.6 billion), the majority of which are expected in Germany, UK, and the...
Startup MGA Rising Edge Targets Low-Layer D&O Business
Feb 24 2022 // The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent in 2021, which focuses solely on directors and officers liability insurance. CEO Philippe...
IMF Warns Britain About Relaxing High Regulatory Standards for Insurers, Banks
Feb 23 2022 // A push to make London more attractive as a global financial center after Brexit must not threaten high standards of solvency and behavior at banks, insurers and markets, the International Monetary Fund said on...
EU Orders Hungary to Cancel Its Veto of Sale of Aegon Unit to Vienna Insurance
Feb 22 2022 // Hungary was ordered by the European Union to cancel its decision to block the sale of Dutch insurer’s Aegon NV’s local unit to Vienna Insurance Group AG. The European Commission gave Hungary a March 18 deadline...
UK to Ease Solvency II Insurance Capital Rules to Unlock ‘Billions of Pounds’
Feb 22 2022 // Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment, financial services minister John Glen said on Monday. The...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A summary of these new hires follows here. AXA XL to Promote De Rosa to...
UK Braces for ‘Storm Eunice’ and Hurricane-Strength Gusts on Friday
Feb 17 2022 // Britain’s Met Office issued a rare red weather warning for parts of the UK, saying hurricane-strength gusts of 90 miles (145 kilometers) an hour are set to hit the country on Friday. The weather service said the most...
Tripwire for Real War? Cyber’s ‘Fuzzy’ Rules of Engagement
Feb 16 2022 // President Joe Biden couldn’t have been more blunt about the risks of cyberattacks spinning out of control. “If we end up in a war, a real shooting war with a major power, it’s going to be as a consequence...
Storms With Hurricane Gusts Set to Batter NW Europe, Driving Wind Power Generation
Feb 16 2022 // Storms across northwest Europe are set to drive electricity generation from wind farms to records this week in gusty conditions that threaten to disrupt transportation and down power lines. Weather forecasters in the UK,...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
Feb 15 2022 // There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a...
