Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Germany’s Rhine River at Dangerously Low Levels, Which Could Disrupt Shipping
Jun 9 2020 // Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades, prompting fears of shipping disruption on Europe’s most important inland waterway. After spring showers...
Senators Seek to Expand U.S. Sanctions to Insurance for Russia-Europe Pipeline
Jun 4 2020 // U.S. senators will announce a bill this week expanding sanctions on Russia’s Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas. The...
Billionaire Del Vecchio Doesn’t Seek Merger Between Generali and AXA or Zurich: Source
Jun 3 2020 // Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger with rivals AXA or Zurich, a source close to the billionaire said on...
No-Deal Brexit Could Hobble UK’s Recovery from Coronavirus Pandemic
Jun 3 2020 // The threat of a no-deal Brexit is back — and with it the risk that the UK economy’s shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into the last...
Farm Workers Getting Sick, Spreading Coronavirus As Peak Produce Season Begins
May 29 2020 // All of the roughly 200 employees on a produce farm in Tennessee tested positive for Covid-19 this month. In New Jersey, more than 50 workers had the virus at a farm in Gloucester County, adding to nearly 60 who fell ill in...
Google Urges EU to Use Current Laws, Not New Ones, to Regulate Artificial Intelligence
May 29 2020 // Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and cautioned against a one size fits all regulatory framework because of AI’s...
Allianz and Generali Plan to Sell Life Insurance Assets: Sources
May 28 2020 // Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as...
EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks
May 26 2020 // A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday. This would involve...
Report: Financial Community Sees Climate Risk as Improperly Priced
May 21 2020 // Climate risk is widely seen in the financial community as being improperly priced. A recent survey with an emphasis on the financial sector shows the overwhelming majority of respondents think that climate risk has only...
Brexit Talks Become Acrimonious as UK Slams EU’s ‘Unworthy’ Trade Offer
May 20 2020 // Boris Johnson’s chief Brexit negotiator accused the European Union of offering the UK only a “low-quality” trade deal as talks between the two sides descended into acrimony. In a dramatic intervention in...
Coronavirus Blocks Farm Laborers from Working in UK – in Possible Foretaste of Brexit
May 18 2020 // Britain’s fruit and vegetable farmers have long dreaded their country’s exit from the European Union, worrying that it would keep out the tens of thousands of Eastern European workers who come every year to...
Europe Faces Sweltering Summer with Below-Average Rainfall: Scientists
May 18 2020 // Europe is set for a sweltering and tinder dry summer this year, posing trouble for farmers, utilities and transportation on inland waterways. That’s the conclusion of scientists at the Copernicus Climate Change...
Everest Insurance Taps Patel from AIG Europe as UK Head of Transactional Risk
May 13 2020 // Everest Insurance announced the appointment of Sujal Patel as the UK Head of Transactional Risk for Everest Global Markets, which includes Everest Insurance Ireland, dac. and Lloyd’s Syndicate 2786. Patel brings more...
Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh
May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...
National Governments Must Help Provide Insurance for Future Lockdowns: EU Regulator
May 11 2020 // National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its...
Billions Will Experience ‘Sahara’ Like Heat in Next 50 Years, Report States
May 8 2020 // Roughly a third of the global population could experience an average annual temperature of 84.2 degrees Fahrenheit (29C) in the next 50 years, with temperatures currently found in small part of the planet, mostly...
FERMA Forms Task Force to Find Solution for Non-Damage BI Cover – Such as Pandemic
May 7 2020 // The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks. “Our aim is to...
Global Temperatures in April Matched Warmest on Record: European Climate Group
May 6 2020 // Temperatures in April were on par with the previous warmest April on record four years ago, with extremely high temperatures in some parts of Europe, Greenland and Antarctica. Above-average global temperatures meant April...
German Judge Casts Doubt on VW’s Defense in Landmark Diesel-Damages Case
May 5 2020 // A German federal court judge cast doubt on Volkswagen’s reasoning after the carmaker urged the court to dismiss a claim for damages brought by an owner of a diesel powered VW Sharan family van. Tuesday’s...
RMS Releases High Definition Models for European Severe Convective Storm
May 5 2020 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of new European Severe Convective Storm (EU SCS) High Definition Models. The models represent 50,000 years of simulation of hail and...
