Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments
Feb 14 2022 // Vitesse PSP, the London-based fintech that specializes in digital solutions for global payments and counts numerous insurers among its customers, announced it has raised $26 million in Series B funding. The Series B...
Takeaways from Our Conversation on More M&As, Cannabis ‘Frappucinos’ on Tap for 2022
Feb 14 2022 // Powered by InsuranceJournal.tv New Frontier Data, a producer of cannabis research and intelligence, released its “22 for 22 Report,” in January, which imparts a definitive air of optimism mixed with few...
Google’s Online Ad Business Targeted in European Publishers’ Antitrust Complaint
Feb 11 2022 // BRUSSELS – Alphabet unit Google on Friday became the target of an antitrust complaint by the European Publishers Council over its digital advertising business, which could potentially strengthen EU antitrust chief...
Zurich Insurance Reports 35% Increase in 2021 Operating Profit to $5.7 Billion
Feb 10 2022 // Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the financial...
Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack
Feb 9 2022 // FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the...
People Moves: QBE Promotes Shallow as Head of Marine; Beazley Names MS Amlin’s Hunter for Open Mkt. Property; TigerRisk Hires Liberty’s Hodges for Analytics, Int’l
Feb 8 2022 // This edition of International People Moves details appointments at QBE, Beazley and TigerRisk Partners. A summary of these new hires follows here. QBE Promotes Shallow as Head of Marine QBE has appointed Kevin Shallow as...
Cyber Attack Targeting German Fuel Storage Stretches to 6th Day
Feb 8 2022 // A cyber attack targeting fuel storages in Germany and parts of northern Europe stretched into a sixth day with little visibility over when things will get back to normal. Mabanaft Germany, whose systems were breached,...
EU Regulators Call for Action to Catch Up to Potential Systemic Risk of Digital Finance
Feb 7 2022 // Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union...
People Moves: Howden Appoints Former WTW Executive Aubert as CEO of France
Feb 7 2022 // Howden, the London-based insurance broker, announced the appointment of industry veteran Nicolas Aubert as CEO, France. After holding roles in various countries, notably in the UK market where he held major positions at...
Google Sued by Price Comparison Provider, PriceRunner, for $2.4 Billion
Feb 7 2022 // STOCKHOLM — Swedish price comparison firm PriceRunner said on Monday it was suing Alphabet-owned Google for about 2.1 billion euros ($2.4 billion), the latest firm to take legal action alleging the search giant...
Natural Disasters Cost Insurers $116B in 2021, or 63% Higher Than Average: Gallagher Re
Feb 4 2022 // Insured losses from major natural catastrophes in 2021 – excluding COVID-related losses – have so far reached an estimated US$116 billion, the third largest total since 2011, and about 63% higher than the average loss...
Hackers Target Key Fuel-Distribution Firms in Europe
Feb 3 2022 // Europe’s fuel-supply network fell victim to a cyberattack — less than a year after the biggest refined petroleum pipeline in the U.S. was halted by a hack. The situation was serious “but not grave,”...
Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh
Feb 2 2022 // Global commercial insurance prices increased 13% in the fourth quarter of 2021, a decline from the 15% increases seen in both the second and third quarters, according to Marsh’s latest Global Insurance Market...
People Moves: Liberty GTS Expands in Europe; AEGIS London Promotes Yeldham to CUO; Brit Names Argo’s Allen, MAP’s Poynder for Property Facilities Team
Jan 28 2022 // This edition of International People Moves details appointments at Liberty Global Transactions, AEGIS London and Brit Ltd. A summary of these new hires follows here. Liberty Global Transaction Solutions Expands European...
UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market
Jan 20 2022 // Commercial motor insurer Zego announced a European expansion plan by launching in the Netherlands and ramping up operations in France, while aiming to identify other target territories during 2022. The company, which...
People Moves: WTW Hires Magilton to Lead Canada Risk & Broking, Powney to Head Surety for Europe/UK; Hiscox Re & ILS Names MS Amlin’s Wilken as CUO
Jan 6 2022 // This edition of International People Moves details appointments at Willis Towers Watson and Hiscox. A summary of these new hires follows here. WTW Hires Canada Risk & Broking Leader, Europe/UK Practice Leader for...
2021 Ranked as Fifth Hottest Year by EU Climate Change Service
Jan 5 2022 // The year 2021 ended as the fifth hottest in records maintained by the European Union’s Copernicus Climate Change Service that go back to 1979. That finding comes from publicly available data analyzed by Zeke...
European Floods in Mid-July Cost Insurers $12B, Topping Non-U.S. Events in 2021
Jan 4 2022 // The most significant non-U.S. loss event in 2021 was the mid-July flooding in Western Europe, according to CRESTA, the Zurich-based insurance industry organization that provides a global standard for risk aggregation zones...
Run-Off Specialist Premia Acquires Navigators Holdings (Europe) from The Hartford
Dec 29 2021 // Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. announced it has completed the acquisition from Hartford Financial Services of Navigators Holdings (Europe) NV and its subsidiaries, which include...
Firms Want U.S. to Support EU Proposals to Rein In Big Tech Platforms
Dec 29 2021 // Critics of tech giants like Alphabet’s Google pressed Commerce Secretary Gina Raimondo for a January meeting after she expressed concern about proposed legislation in Europe aimed at reining in the U.S....
