Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources
Apr 14 2021 // BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar...
Confidence Among UK CFOs Hits Record High, Helped by Vaccinations, Brexit Hopes
Apr 12 2021 // Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by the country’s coronavirus vaccinations and hopes for less Brexit disruption, a survey of chief finance...
Update: Aon Offers to Sell Assets to Gain EU Antitrust Approval for $30B Willis Bid
Apr 12 2021 // BRUSSELS – Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover target Willis Towers Watson to gain EU antitrust approval for its $30 billion acquisition bid, a...
People Moves: Dietrich Named CEO, Hiscox Europe; Hartford’s Milner to Canopius; Agile Risk’s Foster to IGI; HDI Promotes Digman
Apr 9 2021 // This wrap-up of International People Moves details recent appointments at Hiscox, Canopius, IGI and HDI Global. A summary of these new hires follows here. Hiscox Robert Dietrich Specialist global insurer Hiscox has...
European Union Institutions Targeted in Major Cyber Attack
Apr 7 2021 // A range of European Union institutions including the European Commission were hit by a significant cyber attack last week. A spokesperson for the commission said that a number of EU bodies “experienced an IT security...
Britain Shouldn’t Blindly Adopt EU Rules Just to Keep Business in London: BoE’s Brazier
Mar 30 2021 // LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank of England executive director for financial stability Alex Brazier said on...
SPACs Have Rocketed in U.S. but Europe Has Moved More Slowly. Here’s Why.
Mar 29 2021 // STOCKHOLM — “I get an email almost every morning from some SPAC seller telling me to do a SPAC with them,” said Johnny Boufarhat, CEO of Hopin, a virtual events platform. “It’s interesting,...
What Has Changed After Brexit for London’s Financial Center?
Mar 29 2021 // LONDON — Britain and the European Union agreed a new post-Brexit financial services pact on Friday that will allow them to cooperate on regulation but does little to improve the City of London’s access to the...
City of London Is Realizing that EU Will Limit Access for Financial Services: Lawmaker
Mar 26 2021 // LONDON – There is a growing realization that Britain should not wait for unlikely European Union access for financial services but get on with building a more competitive City of London, a senior lawmaker said on...
British Report Says London Joining EU Financial Services Market May Not Be Worth It
Mar 24 2021 // The City of London may be better off staying out of the EU’s financial services market as it would have to sacrifice autonomy over setting rules to win full access, a report by Britain’s upper house of...
Central Europe Could Face Megadroughts as Climate Change Hits
Mar 23 2021 // Policy makers who are raising the alarm over water scarcity could still be underestimating the scale of droughts in store for central European economies, according to new research. More frequent dry spells over the last...
Britain Says Financial Services Agreement With EU Should Come Soon
Mar 18 2021 // Britain expects to seal a financial services cooperation pact with the European Union shortly, a senior finance ministry official told a conference on challenges from market fragmentation. The City of London’s ties...
EU Threatens to Ban COVID Vaccine Exports to Britain
Mar 18 2021 // BRUSSELS – The European Union threatened on Wednesday to ban exports of COVID-19 vaccines to Britain to safeguard scarce doses for its own citizens facing a third wave of the pandemic that would jeopardize plans to...
‘Green’ Investment Funds Less Vulnerable to Climate-Related Shocks: EU Watchdog
Mar 17 2021 // Funds investing in “brown” or polluting companies would be hit far harder than environmentally friendly “green” funds in a climate-related market shock, the European Union’s securities...
EU Prepares to Get Tougher on Asset Managers that ‘Greenwash’ Sustainable Credentials
Mar 10 2021 // LONDON/BRUSSELS – For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is about to get a lot tougher. Under a suite of new EU finance rules due to be...
UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built
Mar 5 2021 // Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes it harder to build trust, the bloc’s...
Climate Change Activists ‘Welcome’ AIG CEO Zaffino; EU Urges More Insurance
Mar 4 2021 // Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic. The Atlantic Meridional Overturning Circulation during the 20th century has weakened more than at any other time over the...
Update – Aon’s $30B Bid for Willis Towers Watson Faces EU Antitrust Warning: Reuters
Mar 3 2021 // BRUSSELS – Aon will face a list of objections by the EU’s antitrust watchdog which it must overcome with concessions to proceed with its $30 billion bid for Willis Towers Watson, two people familiar with the matter...
European Union Weighs Emergency Approvals for COVID Vaccines
Mar 2 2021 // The European Commission said on Tuesday that it was considering emergency approvals for COVID-19 vaccines as a faster alternative to more rigorous conditional marketing authorisations which have been used so far. The move...
Post-Brexit Exodus of Staff and Assets from London to EU Slows
Mar 2 2021 // LONDON – The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on...
