Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Insured Losses for Europe’s Storm Ciara-Sabine Could Hit $2 Billion: Modeling Firms
Feb 14 2020 // Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Europe’s winter storm Ciara (also known as Sabine) will range between €1.1 billion and €1.9 billion (US$1.2 billion and...
Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh
Feb 12 2020 // Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth quarter rise in prices was the largest...
Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit
Feb 12 2020 // N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations citing the country’s departure from the European Union. The Berlin-based digital bank will close UK...
UK, EU Remain at Odds over Financial Services’ Market Access
Feb 11 2020 // Britain wants a stable relationship with the European Union for “decades to come” in financial services, Britain’s finance minister Sajid Javid said on Tuesday, but received an instant rebuttal from...
Storm Ciara Batters Europe with Hurricane-Force Winds, Killing at Least 5 People
Feb 11 2020 // A strong winter storm that has battered Europe with hurricane-force winds and heavy rains and killed at least five people moved eastward Monday, causing severe travel disruptions across the continent. After striking...
Nissan Autonomous Car Completes 230-Mile Journey in Britain
Feb 6 2020 // CRANFIELD, England – A Nissan car has completed a 230-mile journey autonomously in Britain, the longest and most complex such trip in the country as carmakers race to develop the driverless technologies set to...
Axa in Talks to Sell Eastern, Central European Business to Austria’s Uniqa
Feb 5 2020 // Axa SA is in advanced talks to sell its central and eastern European operations to Austria’s Uniqa Insurance Group AG, people familiar with the matter said. The insurers aim to reach an agreement in the coming weeks...
Britain’s Insurance Sector Urged to Compete by Selectively Diverging from EU Rules
Feb 5 2020 // A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial center. Britain left the...
Google, Tinder Face Irish Regulatory Inquiries Over Location Data Handling
Feb 5 2020 // Irish regulators have launched separate inquiries into Google and dating app Tinder over how they process user data, in a new round of regulatory scrutiny aimed at tech companies. Ireland’s Data Protection Commission...
EU Prepares for Coming of Facial Recognition– On Its Privacy Terms
Feb 3 2020 // The European Union has accepted there is no escape from facial recognition, but is seeking to ensure any roll-out that includes U.S. and Chinese players will abide by European values like strict personal privacy. Facial...
UK and EU Commence Sparring Over Post-Brexit Trade Rules
Feb 3 2020 // The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he...
A Divided Britain Must Now Seek New Identity Outside European Union
Jan 31 2020 // At 10 a.m. inside Aux Merveilleux de Fred, a patisserie in the heart of London’s French quarter, the air is thick with the aroma of butter. Aicha Boubakri, 30, is arranging neat rows of pastel-colored cream pastries...
Brexit Day Is Finally Here; Now the Hard Part Begins: Opinion
Jan 30 2020 // London and Brussels are two hours apart by train but on Friday, the day the U.K. officially leaves the European Union, the two cities will feel worlds apart. The Brits are planning a Brexit celebration worthy of a...
Brexit Impact on UK Insurers Dictated by Trade Talks, Possible Economic Hit: AM Best
Jan 30 2020 // From an operational point of view, the United Kingdom’s departure from the European Union on Jan. 31, 2020 will have little immediate impact on AM Best-rated insurers in the UK or EU, according to the ratings agency...
European Insurers Balk at EU Raising Capital Requirements Due to Cyber, Climate Risks
Jan 30 2020 // Insurers in Europe may need to put aside money to protect their policyholders should they become insolvent, and regulators should be able to be shut them down swiftly without the need for taxpayer bailouts, a top EU...
Electricity Can’t Hold Candle to Artificial Intelligence in Significance: Alphabet CEO
Jan 28 2020 // Google’s chief executive officer has left no doubt about how important he thinks artificial intelligence will be to humanity. “AI is one of the most profound things we’re working on as humanity....
Factbox: What’s Ahead for UK Financial Services Sector and Brexit Trade Deal?
Jan 28 2020 // Britain leaves the European Union at 2300 GMT on Friday but has yet to negotiate a deal on future trading relations with the bloc. The EU is Britain’s biggest market for financial services, worth about 26 billion...
Cyber Attacks in Europe, Middle East Could Be Work of Turkey-Sponsored Hackers
Jan 27 2020 // Sweeping cyber attacks targeting governments and other organizations in Europe and the Middle East are believed to be the work of hackers acting in the interests of the Turkish government, three senior Western security...
U.K. Financial Services Firms Prepare for Worst in Brexit Trade Talks
Jan 27 2020 // Britain’s finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle...
U.K. Financial Services Firms Must Prepare for Failure of Brexit Trade Deal: Regulator
Jan 24 2020 // Financial firms in Britain should be ready in case no trade agreement is struck with the European Union by December, a senior U.K. regulator said on Thursday. Britain leaves the EU next week, followed by a “business...
