Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
UK Financial Services Sector to Remain Largely Unscathed from Brexit: Barclays’ Chief
Jul 25 2018 // Britain’s banking industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top two financial centers for the foreseeable future, Barclays’ Chairman John McFarlane...
Fewer Than 5,000 UK Financial Services Jobs Expected to Move by ‘Day One’ of Brexit
Jul 25 2018 // Fewer than 5,000 financial jobs might move out of Britain by “Day One” of Brexit and future relocations will depend on new trading terms with the European Union, Bank of England Deputy Governor Sam Woods said...
Sweden Wildfires Destroy More Than $100M Worth of Forested Land
Jul 24 2018 // Swedish authorities said the risk of fires spreading across the country will hit “extreme” levels this week as emergency services battle dozens of blazes that have already destroyed more than $100 million worth...
Greek Wildfires Claim at Least 74 Lives in Worst Blazes Since 2007
Jul 24 2018 // Greek firefighters say that at least 74 people were killed in wildfires in the country’s Attica region, which includes Athens, as a summer heatwave has increased the risk of blazes across Europe. The fires struck two...
UK Faces ‘Abject Future’ After Brexit, Warns Former Lloyd’s Chairman
Jul 24 2018 // The U.K. is facing a grim future after Brexit because of the failure of the its politicians to govern responsibly, the former chairman of insurance market Lloyd’s of London wrote in a letter to the Financial...
There Is ‘Real Risk of Brexit No-Deal by Accident,’ Warns UK Foreign Secretary
Jul 23 2018 // British Foreign Secretary Jeremy Hunt said the U.K. will not “blink” in Brexit negotiations, as he warned the European Union it risks forcing the country to crash out of the bloc with no deal. On his first trip...
Sweden Battles 50 Wildfires with Help of Firefighters Across Europe
Jul 23 2018 // As wildfires raging through Sweden exhaust local emergency services, Europe is sending hundreds of people to help contain multiple blazes across the country. France, Germany and Denmark have dispatched more than 100...
UK Insurance Entrepreneur Banks Denies New Allegation of Links with Russia
Jul 23 2018 // British businessman Arron Banks has denied an allegation made by a former business partner that he approached Russians about investing in his diamond mines, and that the money raised went instead to his campaign to leave...
Markel Licensed to Form Insurer in Germany, Securing Post-Brexit EU Access
Jul 20 2018 // Markel Corp. announced it has been granted a license by the German federal financial supervisory authority, BaFin, to establish an insurance company in Germany. Following Brexit, the United Kingdom’s exit from the...
UK Insurers, Banks ‘Must Plan for Hard Brexit’ if Transition Deal Fails: Regulator
Jul 19 2018 // Britain’s banks and insurers must plan for a “hard” Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels. “With...
MGAs Working with Insurtech Firms to Bolster Customer Centricity: Survey
Jul 18 2018 // Managing general agents (MGAs) are increasingly interested in working with insurtech firms to enable their businesses to become more customer-centric, according to a new survey of UK MGAs. More than 42 percent of survey...
Lindeboom Retires as Co-Managing Director of THB Europe, Succeeded by Borges
Jul 18 2018 // THB, the London-based specialist insurance and reinsurance broker, announced new leadership at THB European Division, based in Amsterdam. Paul Lindeboom, co-managing director of the division, will retire as planned from...
Loss Estimate for Europe’s Storm Friederike (aka DAVID) Rises to €1.7B ($2.0B): PERILS
Jul 17 2018 // The third insured loss estimate for extratropical Cyclone Friederike, also known as “David,” has risen to €1.675 billion ($2.0 billion), according to PERILS, the independent Zurich-based organisation that...
KBW Hires Sarkar to Its Insurance Investment Banking Group in New York
Jul 17 2018 // Keefe, Bruyette & Woods Inc. (KBW), a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector and a wholly owned subsidiary of Stifel Financial Corp., has hired Rajib...
Munich Re CFO Schneider to Retire, Succeeded by ERGO’s Jurecka
Jul 17 2018 // Munich Re’s Chief Financial Officer Jörg Schneider, who turns 60 this year, will retire from the Munich Re board of management at his own request on Dec. 31, 2018. The Supervisory Board of Munich Re has appointed...
UK PM’s Brexit Plans Threatened by Euroskeptics; Others Support 2nd Referendum
Jul 16 2018 // Theresa May’s long-running battle with her divided Conservative Party took a potentially more dangerous turn, as one of her former ministers began assembling lawmakers to vote against her Brexit plans. Euroskeptic...
U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance
Jul 16 2018 // New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers,...
Trump Apologizes to UK Prime Minister for ‘Fake News’ Criticisms of Brexit Plan
Jul 14 2018 // President Donald Trump said on Friday the United States and Britain could secure a “great” post-Brexit trade deal, lavishing praise on Prime Minister Theresa May and contradicting his own withering assessment...
Trump Criticizes UK Prime Minister’s Brexit Plan, Saying He Would Have Done It Better
Jul 13 2018 // U.S. President Donald Trump said a free trade deal with Britain might be impossible if London went ahead with Prime Minister Theresa May’s proposals for post-Brexit ties with the European Union, in damaging remarks...
UK Banks, Insurers Support Global Standards for Regulation After Brexit: Watchdog
Jul 13 2018 // Britain’s banks and insurers want to stick to global standards on financial regulation after Brexit and are not calling for a “race to the bottom” to win business from European rivals, the head of...
