Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Jan 24 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
France Fines Google $57M for Breaching EU’s Data Privacy Rules Under GDPR
Jan 23 2019 // France’s data protection watchdog fined Alphabet’s Google 50 million euros ($57 million) on Monday [Jan. 21] for breaching European Union online privacy rules, the biggest such penalty levied against a U.S....
Drone Travel Chaos at Gatwick Airport Cost EasyJet Nearly $20 Million
Jan 22 2019 // EasyJet lost 15 million pounds ($19 million) during 36 hours of travel chaos sparked by drones flying into London’s Gatwick Airport in December, the budget airline said on Tuesday, adding it should serve as a...
BHSI Offers Transactional Liability Cover in UK & Europe, Appoints Martin from Enstar
Jan 22 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its North American Transactional Liability Insurance business into the UK and Europe and has appointed Ed Martin as head of Transactional Liability,...
PM May Refuses to Rule Out No-Deal Brexit, but Seeks Further EU Concessions
Jan 22 2019 // British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish...
AXA XL Transfers XL Insurance from UK to Dublin as Post-Brexit HQ
Jan 18 2019 // AXA XL has completed the transfer of its European Union insurance company, XL Insurance Co. SE (XLICSE), from the UK to Dublin, Ireland. XLICSE is a wholly owned subsidiary within the AXA XL division of AXA Group,...
What’s Next for Brexit After UK Parliament Rejects May’s EU Divorce Deal?
Jan 18 2019 // Prime Minister Theresa May’s Brexit deal has been thrown out by Parliament. She’s now in talks with rival politicians to find a way forward before presenting a Plan B on Monday. If her plan isn’t...
Germany, China Agree to Expand Market Access in Insurance, Banking, Finance
Jan 18 2019 // Germany and China on Friday signed agreements to strengthen coordination in banking, finance and capital markets, and pledged to further open market access and deepen cooperation to broaden economic ties. The agreements...
Guy Carpenter Forms New Division, Makes Post-JLT Merger Leadership Appointments
Jan 17 2019 // Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of...
Brexit Update: City of London Prepares for Worst, Hopes for Best
Jan 17 2019 // Dismay, confusion, relief — and hope. The City of London had a range of reactions to the U.K. Parliament’s overwhelming rejection Tuesday night of Prime Minister Theresa May’s blueprint for quitting the...
Final Insured Losses for Europe’s Storm Friederike/David Estimated at €1.7B: PERILS
Jan 17 2019 // The final loss estimate for Extratropical Cyclone Friederike, also known as David, reached €1.672 Billion ($1.906 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide...
Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey
Jan 16 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
UK-EU Divorce in Disarray with Just 10 Weeks to Go Before Brexit Leave Date
Jan 16 2019 // Prime Minister Theresa May was trying to forge consensus in parliament on a Brexit divorce agreement on Wednesday after the crushing defeat of her own deal left Britain’s exit from the European Union in disarray 10...
May’s Brexit Deal Rejected by Parliament in Landslide Vote
Jan 15 2019 // Prime Minister Theresa May’s Brexit deal was rejected by Parliament in a humiliating defeat, her plan for leaving the European Union all but dead. She now faces a confidence vote in her government. The House of...
UK Prime Minister’s Brexit Deal Faces Crushing Parliamentary Defeat
Jan 15 2019 // Prime Minister Theresa May is set to see her Brexit deal rejected in the biggest Parliamentary defeat for a British government in 95 years after her last minute pleas for support appeared to fall on deaf ears. The battle...
2019 Cyber Insurance Predictions: Strong Drivers for Growth Ahead
Jan 15 2019 // Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the...
Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter
Jan 14 2019 // The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy,...
Uncertainty over Brexit Takes Toll on UK Financial Services Sector: Survey
Jan 14 2019 // Uncertainty over Brexit and the economy have led demand for Britain’s financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC...
EU Lawmakers Seek to Beef Up Financial Services Protections Ahead of Brexit
Jan 10 2019 // The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc’s reliance on Britain’s financial...
Swiss Re Corporate Solutions Launches Parametric Water-Level Insurance in Europe
Jan 10 2019 // Swiss Re Corporate Solutions announced it is launching parametric water-level insurance called “FLOW.” This new index-based product is designed to protect companies in Europe from the financial impact of high...
