Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Battery Fires Make Headlines as Electric Vehicle Sales Take Off
Oct 20 2020 // First, Hyundai Motor Co. made headlines about its electric cars catching fire. Five days later, it was General Motors Co. and Ford Motor Co. The next day, it was BMW AG. Vehicles going up in flames aren’t new to the...
Post-Brexit Reality: Europe Will Still Need London for Finance and Business – Opinion
Oct 20 2020 // Brexit could one day give the European Union an opportunity to challenge the City of London’s dominance as a global financial hub. Right now, however, the EU is in no condition to take advantage. As talks on...
UK Should Adjust Rules for Financial Services to Stay Competitive After Brexit: Study
Oct 19 2020 // Britain should tweak financial rules after full Brexit to keep London’s financial hub competitive and deepen ties with growth markets in Asia, a think tank said in a study on Monday. Britain accounted for nearly a...
AXA Completes €1B Sale in Central, Eastern Europe Business to UNIQA
Oct 16 2020 // AXA said that it has completed the sale of its life and savings, property and casualty, and pension businesses in Poland, Czech Republic and Slovakia to Austria’s UNIQA Insurance Group for a total cash consideration...
EU Leaders to Pressure Britain for Trade Concessions in Troubled Brexit Talks
Oct 15 2020 // European Union leaders meeting in Brussels on Thursday will pressure Britain for concessions in their troubled Brexit talks, saying a trillion euros worth of trade could be sunk if London does not budge on fisheries, fair...
BHSI Hires Kidd from AIG as Head of Third Party Lines in Ireland
Oct 13 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced that Louise Kidd has joined its growing European team as head of Third Party Lines in Ireland. Louise Kidd Kidd comes to BHSI with nearly two decades of industry...
UK’s Post-Brexit Privacy Protections Fail EU Data Protections, Activist Warns
Oct 12 2020 // UK privacy protections were criticized by an activist who told the European Union that the British shouldn’t be trusted to protect user data after Brexit. The personal data of EU citizens “do not at present...
Bank of England Sees Few Threats to Financial Stability from Brexit
Oct 9 2020 // Britain’s full exit from the European Union could be bumpy for investors as banks staff new hubs in the bloc, but there are few threats to wider financial stability, the Bank of England said on Thursday. Britain left...
London Company Market Grew 10% in 2019
Oct 8 2020 // Premium income for the London company market grew by 10% last year with £21.436 billion of large commercial and wholesale risks underwritten by firms in the City. A new report from the International Underwriting...
EU Climate Service Says September Was World’s Warmest on Record
Oct 7 2020 // Last month was the world’s hottest September on record, with unusually high temperatures recorded off Siberia, in the Middle East, and in parts of South America and Australia, the European Union’s Copernicus...
EU Sources Say Brexit Deal with Britain on Social Benefits ‘Closer’: Reuters
Oct 7 2020 // Britain and the EU are closer to agreement on reciprocal social security rights for their citizens after Brexit, two diplomatic sources said, with one describing talks last week on an elusive trade deal as “one of...
Top EU Court Rules Mass Spying on Phone, Internet Data Is Unlawful
Oct 6 2020 // The European Union’s top court ruled on Tuesday that unrestrained mass surveillance of phone and internet data is unlawful, in a move which could curb the powers of spying agencies in France and other EU...
Allianz CEO Cautions European Governments on Spending for Coronavirus Recovery
Oct 6 2020 // Allianz CEO Oliver Baete said on Tuesday that European governments needed to be careful about spending record amounts on the COVID-19 crisis as many ordinary people would be angry when they were handed such a vast...
Legacy Reinsurer Premia Agrees to Buy Navigators Holdings (Europe) from The Hartford
Oct 5 2020 // Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. has agreed to acquire Navigators Holdings (Europe) NV and its associated companies from The Hartford. Navigators’ associated companies are...
SCOR Global P&C Restructures with Aim to Be More Responsive on Regional Basis
Oct 5 2020 // SCOR Global P&C is making a number of changes to its organizational structure to be more responsive on a regional basis, according to SCOR Global P&C CEO Jean-Paul Conoscente, who sent a message to clients on...
More Than 7,500 Financial Services Jobs Move to Europe from London: EY Brexit Tracker
Oct 1 2020 // More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said on Thursday. Banks, insurers and asset...
Private Equity Firm Hg Invests in Hyperion in Transaction Valued at US$5 Billion
Sep 30 2020 // Hg, the European private equity investor focused on software and service businesses, announced it will make a significant long-term equity investment in Hyperion Insurance Group Ltd., the insurance intermediary. The...
Reinsurance Experience in Africa, Asia Sets MGA Tempo Underwriting Apart
Sep 29 2020 // Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. “For a reinsurance MGA to be successful and to have a strong offering,...
Major U.S. Tech Firms Look to Be Ignoring Europe’s Data Privacy Rules
Sep 28 2020 // Technology firms’ compliance with European restrictions on transatlantic data transfers is shockingly poor, Austrian privacy campaigner Max Schrems said on Monday, publishing a survey of companies including Facebook...
EU Strikes Low-Cost Deal With AstraZeneca to Pay COVID-19 Vaccine Claims
Sep 28 2020 // European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different terms to a deal struck with Sanofi, an EU official told Reuters. The...
