Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
European Union Safety Agency to Start 737 MAX Flight Tests
Aug 27 2020 // The European Union Aviation Safety Agency (EASA) said on Thursday it plans to begin flight tests of U.S. planemaker Boeing Co.’s 737 MAX plane in Vancouver, Canada, in the week starting Sept. 7. The test flights will...
EU Officials Erase Brexit from Meeting Agenda Citing Scant Progress in Talks with Britain
Aug 27 2020 // A discussion about the negotiations over Britain and the European Union’s post-Brexit relationship has been dropped from the agenda of a meeting of EU envoys next week because the talks have stalled, an EU diplomat...
Limited Liability Protection for Drugmakers Hampers EU Coronavirus Vaccine Deals
Aug 26 2020 // The European Union is offering only partial protection to vaccine makers against legal risks from side-effects of their potential COVID-19 shots, European officials said, in a move that is hampering deals and contrasts...
Marco Capital Targets Europe’s P/C Insurance Run-Off Market
Aug 24 2020 // Newly-launched Marco Capital Holdings Limited plans to pursue property/casualty insurance run-off opportunities in Continental Europe, the UK and Lloyd’s of London. Marco enters the European run-off arena with...
Britain, EU Report Little Progress on Post-Brexit Deal
Aug 24 2020 // Britain and the European Union made scant progress towards a deal on future ties in talks last week, and their chief negotiators blamed each other for the stalemate as time ticks down to an end-of-year...
Dispute Among EU Regulators Delays Twitter Data Privacy Fine
Aug 20 2020 // Some European Union regulators objected to Ireland’s preliminary ruling in a landmark privacy investigation of Twitter, the lead regulator said on Thursday, triggering a process where a majority decision will be...
As Harvest Losses Continue, German Farmers Seek Insurance Subsidy
Aug 18 2020 // Germany’s 2020 grain harvest will fall below average for the third year in a row as farmers grapple with extreme weather conditions, the DBV farmer’s association said on Tuesday. The grain harvest this year is...
Europe Urged to Focus on Those Who Must Pay Off Debt After Pandemic
Aug 18 2020 // Rebuilding Europe after the coronavirus pandemic will be akin to the post-World War II reconstruction effort and the bloc must reaffirm its core values despite challenges from global powers, former European Central Bank...
Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties
Aug 17 2020 // Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co’s...
Insured Losses for Europe’s Storm Sabine (aka Ciara/Elsa) Estimated at €1.6B: PERILS
Aug 11 2020 // The industry loss footprint for extratropical cyclone “Sabine” – also known as “Ciara” and “Elsa” – is estimated at €1.61 billion (US$1.9 billion), according to PERILS, the...
AstraZeneca Gets Protection from Future Product Liability Claims for COVID Vaccine
Aug 3 2020 // AstraZeneca has been granted protection from future product liability claims related to its COVID-19 vaccine hopeful by most of the countries with which it has struck supply agreements, a senior executive told...
Travelers Europe Enhances CyberRisk Product for UK and Ireland
Aug 3 2020 // Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The...
EU Begins to Tackle Cyber Warfare with Targeted Sanctions
Jul 31 2020 // Taking a firm geopolitical stand, the European Union imposed sanctions on targeted individuals and entities from Russia, China and North Korea in a sign that it was tackling cyber warfare head on. As part of the measures,...
COVID-19 Pandemic to Intensify Risks for Insurers: EU Regulator
Jul 30 2020 // Insurers in the European Union are confronted with risks on several fronts that are intensified by the COVID-19 pandemic, and could face lengthy legal battles from claims relating to lockdowns, the bloc’s insurance...
London Expects Only Half of Bankers to Return to Their Offices by Year-End
Jul 30 2020 // London’s normally buzzing financial districts will still be a pale shadow by the end of the year, as banks plan for no more than half their staff, who have mostly worked from home throughout the COVID-19 pandemic, to...
Finland’s Sampo Oyj Explores Cash Offer of UK Insurer Hastings
Jul 30 2020 // Finnish insurance group Sampo Oyj is exploring an entry into the UK market with a potential bid for general insurer Hastings Group Holdings Plc. Sampo and Hastings’s biggest shareholder, Rand Merchant Investment...
Guy Carpenter Names Piatti as Managing Director of Global Risk Solutions
Jul 28 2020 // Guy Carpenter announced today the appointment of Andrea Piatti as a managing director, Global Risk Solutions. Piatti will be responsible for serving clients in the customized reinsurance space across Europe and Middle East...
Firms Need Immediate Rethink on U.S. Data Transfers, Says EU Privacy Watchdog
Jul 28 2020 // Companies seeking to transfer data to the United States must revert to new arrangements with immediate effect after the Privacy Shield transatlantic pact was declared invalid last week, a European Union watchdog said on...
Insurtech Zego Partners with E-Scooter Firm, Ginger, to Insure 1st UK E-Scooter Trial
Jul 28 2020 // London-based insurtech Zego has partnered with e-scooter company, Ginger, to provide insurance for the UK’s first ever e-scooter trial, which has just launched in the Tees Valley, a city region in the north east of...
UK, EU Clash over Post-Brexit Trade Deal as End-of-Year Transition Period Looms
Jul 24 2020 // Britain and the European Union clashed on Thursday over the chances of securing a free trade agreement, with Brussels deeming it “unlikely” but London holding out hope one could be reached in September. Since...
