Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Sompo International Hires Allied World’s James to Run International Insurance Business
Jan 23 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance...
EU Privacy Regulators Expected to Raise Fines Under GDPR Data Protection Rules
Jan 22 2020 // European Union privacy regulators are gearing up to make full use of expanded powers under new data protection rules, according to a report that found 114 million euros ($126.5 million) in fines have been levied so far for...
IBM Calls For Rules to Curb Bias in Artificial Intelligence
Jan 22 2020 // IBM called for rules aimed at eliminating bias in artificial intelligence to ease concerns that the technology relies on data that bakes in past discriminatory practices and could harm women, minorities, the disabled,...
Everest Re Taps NewRe’s Klinger as Head of Continental Europe, Succeeding Knipper
Jan 21 2020 // Everest Re Group Ltd. has announced that Artur Klinger will join the Everest Reinsurance Division during mid-to-late 2020 as managing director of Continental Europe, succeeding Stephan Knipper who will retire after 33...
U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report
Jan 16 2020 // Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had to contend with changes...
Chubb Names Côté as Head of Major Accts, Europe; Brionne as France Country President
Jan 16 2020 // Chubb announced a series of changes to its European leadership team: a new head of Major Accounts for Europe; a new country president for France and a new director of Accident & Health Continental Europe. Nadia Côté...
Earth Is Hotter Than at Any Time Since Start of Industrial Revolution: Report
Jan 10 2020 // The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost two centuries ago. That’s the conclusion of Europe’s Copernicus Climate Change Service, which...
U.K. Lawmakers Approve EU Exit at End of January with 11 Months of Trade Talks Ahead
Jan 9 2020 // Lawmakers approved legislation on Thursday which will allow Britain to leave the European Union on Jan. 31 with an exit deal, ending more than three years of tumult over the terms of the unprecedented divorce. They voted...
Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker
Jan 9 2020 // Coverys European Holdings Ltd. (CEH), the London-based agency platform that invests in managing general agencies (MGAs) in Europe and the U.K., announced it acquired AEC SpA, a Lloyd’s coverholder, broker, third...
‘Impossible’ to Agree to Full EU-U.K. Brexit Trade Deal by Year End: EU Head
Jan 9 2020 // Britain will find it “basically impossible” to negotiate all aspects of its future relationship with the European Union by the end of this year, the head of the European Commission said on Wednesday, adding...
Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re
Jan 8 2020 // Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the average of the past 30 years, according to Munich Re’s catastrophe...
Trump Administration Seeks to Limit ‘Overreach’ of Regulation of Artificial Intelligence
Jan 8 2020 // The White House on Tuesday proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach,” and said it wants European officials...
U.K. Financial Services Firms Pay Record Taxes with Future Prospects Clouded by Brexit
Jan 7 2020 // Britain’s financial industry paid a record near-$100 billion in taxes in the year to March, reaffirming its central role in funding the state at a time when its future prospects have been clouded by Brexit. The 75.5...
BHSI Taps AIG’s Browne as Ireland Country Manager, Head of Casualty, U.K. & Europe
Jan 7 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Hilary Browne to the dual role of country manager for Ireland and head of Casualty for U.K. and Europe. Browne comes to BHSI with nearly 20 years of...
Climate Change, Cyber Warfare Risks Are Key London Market Issues for 2020: IUA
Jan 3 2020 // Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in its business plan for 2020. The association said it is establishing a new market...
Germany Aims to Thwart African Swine Fever Edging Closer to Borders
Dec 31 2019 // German hunting dogs are being trained to sniff out dead wild boar, authorities are stockpiling electric fences along the eastern frontier and the government in Berlin is urging drivers not to toss ham-sandwich scraps out...
City of London’s Unity Begins Cracking over Brexit Trade Deal: Opinion
Dec 23 2019 // Boris Johnson’s triumphant U.K. election victory makes Brexit a near certainty next month. For the City of London, Britain’s split from its biggest trading partner is a huge leap into the unknown; one that will...
U.K. Business Executives, Economists, Politicians React to New BoE Boss Bailey
Dec 20 2019 // Britain’s new government named Andrew Bailey as the next Bank of England boss on Friday. Following is reaction to his appointment. LIZ MARTINS, UK ECONOMIST, HSBC “In terms of Mr Bailey’s position on the...
U.K. Names Bailey as Bank of England Chief, Succeeding Carney
Dec 20 2019 // Andrew Bailey will be the next head of the Bank of England after the government chose to replace Mark Carney with the U.K.’s top financial regulator, just as Britain faces the next phase of Brexit. He’ll start...
Airlines Liable for Hot Drink Burns During Flights, EU Court Rules
Dec 19 2019 // Airlines are liable for a hot drink accidentally spilled and hurting a passenger, the European Union’s top court said in a dispute involving a carrier founded by the late-Formula One motor-racing champion Niki...
