Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
London Company Market Premiums Rise by 8.1% in 2018 to £28.4B ($34.7B)
Oct 10 2019 // Gross written premiums written by the London company market have increased by 8.1% to £28.437 billion ($34.7 billion) in 2018, according to a report published by the International Underwriting Association (IUA) Gross...
Hard Brexit Would Have ‘Significant Impact’ on U.K., Europe: Allianz Global Investors
Oct 9 2019 // Andreas Utermann has long brushed off the risk of a hard Brexit, arguing even a managed separation would be a nightmare for the U.K. Now that scenario is shaping up as the biggest worry for the money managers at Allianz...
Brexit Talks Stall as EU Leaders Cast Doubt on Reaching Deal by Oct. 31
Oct 7 2019 // Prospects of a Brexit deal faded after talks between the two sides stalled and European leaders cast doubt on reaching an agreement in time for Oct. 31. French President Emmanuel Macron and Irish Prime Minister Leo...
PM Johnson, EU Have One Week to Agree on New Brexit Plan, or Another Delay Looms
Oct 4 2019 // Prime Minister Boris Johnson and the European Union have given themselves a week to agree on a Brexit plan. Otherwise, the U.K. will be heading for either a no-deal exit or another humiliating postponement of its departure...
Liberty Mutual Completes Acquisition of 3 AmTrust European Businesses
Oct 4 2019 // Liberty Mutual Insurance announced it has completed the acquisition of three European subsidiaries of AmTrust Financial Services: Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance Spain. “Completing...
RSA Luxembourg Appoints Conran as Permanent CEO
Oct 4 2019 // Rachel Conran has been appointed as the permanent CEO of RSA Luxembourg, subject to regulatory approval. Conran has been the interim CEO since August 2018 and joined RSA earlier this year as chief underwriting officer for...
Regional Greenhouse Gas Initiative Grows by Another State
Oct 3 2019 // Pennsylvania Gov. Tom Wolf on Thursday ordered his administration to start working on regulations to bring Pennsylvania into the Regional Greenhouse Gas Initiative. The initiative is a nine-state consortium that sets...
Generali Weighs at Least $3.3B in Mid-Sized Insurance, Asset Management M&A
Oct 3 2019 // Assicurazioni Generali SpA, Italy’s biggest insurer, may invest at least 3 billion euros ($3.3 billion) to grow through mid-size acquisitions in insurance and asset management, according to Chief Executive Officer...
UK PM’s Ultimatum to EU: Negotiate Brexit on His Terms, or Face No-Deal Divorce
Oct 2 2019 // Boris Johnson is poised to issue an ultimatum to the European Union on Wednesday: negotiate Brexit on his terms within the next nine days, or face a no-deal divorce. A key EU player has already rejected the prime...
Cyber-Attacks Named as Top Business Risk in U.S., Canada and Europe, by WEF Survey
Oct 1 2019 // Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum, in partnership with Zurich...
Here’s How EU Officials Rate Chances of Brexit Deal – as Deadline Looms
Sep 30 2019 // It’s endgame time (again) on Brexit. A month before the U.K.’s scheduled departure, it seems to be anyone’s guess whether Prime Minister Boris Johnson will get a revised divorce deal with the European...
Europe’s Money Laundering Scandals Expand with Criminal Probe of ABN Amro
Sep 27 2019 // Europe’s widening money laundering scandals took a new turn as ABN Amro Bank NV disclosed a criminal probe over alleged failures to check on clients and report suspicious transactions, a further sign of woe in an...
AXA XL Appoints Ex-Zurich Executive Longo as Country Leader, Italy
Sep 27 2019 // AXA XL Insurance announced the appointment of Saverio Longo as country leader, Italy. He will join AXA XL in November and will be based in Milan. He succeeds Simona Fumagalli, who was appointed head of International...
EU Loses Faith in PM Johnson’s Ability to Deliver Brexit Divorce Deal by Oct. 31
Sep 27 2019 // The European Union is rapidly losing faith that U.K. Prime Minister Boris Johnson can deliver a divorce deal by the Oct. 31 deadline, as Brexit talks stumble. EU officials view Johnson’s inflammatory rhetoric against...
AI Specialist omni:us Awarded €1.6M from EU to Enhance AI-Powered Claims Platform
Sep 26 2019 // Artificial intelligence provider, omni:us has been awarded €1.6 million ($1.8 million) from the European Commission* to help it further develop its machine learning powered insurance claims platform. The grant to...
U.K. PM Johnson Vows to Exit EU (With or Without a Deal) After Historic Court Defeat
Sep 24 2019 // A defiant Boris Johnson hit back at the U.K.’s top judges and vowed to take the country out of the European Union next month, despite suffering an unprecedented legal defeat over his Brexit strategy in the highest...
Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks
Sep 24 2019 // Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry. “I’m going to give you a speech without a joke, I’m...
Travelers to Transfer European Business to Dublin Subsidiary in Preparation for Brexit
Sep 24 2019 // Travelers Insurance Co. Ltd., the U.K. subsidiary of The Travelers Cos., has received approval from the High Court of England and Wales to transfer the portfolios of all relevant in-force policies and historic liabilities...
Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO
Sep 23 2019 // There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions...
As Brexit Fatigue Grows, the Political Will to Prevent No-Deal Exit Is Evaporating
Sep 19 2019 // Brexit from afar is looking like a disaster about to happen. One European official, watching the situation up close, compared it to two cars driving at high speed toward each other with each expecting the other to swerve...
