Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Financial Services Industry Slams Latest UK Proposal for Post-Brexit EU Trade Ties
Jul 13 2018 // Britain’s financial industry slammed U.K. Prime Minister Theresa May’s latest proposal for Brexit, with some calling it the worst outcome possible. In some of their most forthright comments since the referendum...
EU Dismisses UK Concerns About Post-Brexit Continuity of Insurance Contracts
Jul 12 2018 // The Bank of England’s warning that Brexit threatens trillions of pounds of financial contracts is falling on deaf ears in Brussels. Valdis Dombrovskis, the European Union’s head of financial-services policy,...
Europe’s Banks Move to Greener Finance in Response to Climate Change Risks
Jul 12 2018 // Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change. “It is coming, it’s a trend that’s...
Facebook Faces £500,000 Fine in UK over Cambridge Analytica Data Privacy Violations
Jul 11 2018 // Facebook Inc. could be fined a symbolic 500,000 pounds ($664,000) by the U.K.’s privacy regulator after the social network giant failed to prevent key user data falling into the hands of a political consultancy that...
China’s Anbang Insurance Eyes Sale of Fidea, as 1st European Divestment: Sources
Jul 10 2018 // Anbang Insurance Group Co. is exploring a sale of Belgian insurer Fidea, people with knowledge of the matter said, in what would be the troubled Chinese insurer’s first European divestment since it was seized by the...
Travelers Europe Launches Stand-Alone Cyber Product for UK, Ireland Businesses
Jul 9 2018 // Travelers Europe announced the availability of Travelers CyberRisk, a new standalone cyber insurance product for organizations of all sizes in the United Kingdom and Ireland. Travelers CyberRisk provides liability and...
UK’s Top Brexit Officials Resign, Creating New Uncertainties for Business
Jul 9 2018 // Just as Prime Minister Theresa May softened her plan for leaving the European Union — a move that companies welcomed — the resignation of the U.K.’s top Brexit officials and foreign secretary creates new...
Brexit Begins to Hit UK Financial Services as EU Counterparts See Big Gains: Study
Jul 9 2018 // Britain’s financial-services industry is suffering a drop in foreign investment while some of its European counterparts enjoy big gains, according to a new study that shows the starkest indication yet of...
World’s Largest Tech Companies May Be Violating EU’s New Data Privacy Law
Jul 5 2018 // Some of the world’s largest technology companies might be breaking the European Union’s new data privacy law, according to an analysis of their policies conducted by artificial intelligence...
California’s Data Privacy Law a Concern, Opportunity for Insurance Industry
Jul 3 2018 // California is on track to have what will be the nation’s most far-reaching law to give consumers more control over their personal data. The new law may be both a big concern, as well as a new and important...
Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €724M ($842.3M): PERILS
Jul 3 2018 // The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €724 million (US$842.3 million), according to PERILS, the Zurich-based organization that provides industry-wide...
Luxembourg Runs Low on Large Offices for Insurers, Banks Seeking Post-Brexit HQs
Jul 2 2018 // Luxembourg is so tiny that map-makers have been known to give up and pretend it’s not there. So as the minuscule financial hub continues to draw London firms opening up a post-Brexit presence in the European Union,...
FERMA, Latin American Risk Mgmt. Group ALARYS Partner to Offer Rimap Certification
Jun 29 2018 // The Federation of European Risk Management Associations (FERMA) and Latin American risk management association ALARYS signed a memorandum of understanding to jointly promote the FERMA rimap® risk management certification...
EU Needs to Prevent Brexit Threat to Derivative Contracts: BOE’s Carney
Jun 27 2018 // Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of derivative contracts, stepping up pressure on the European Union to act. Unless the EU follows the U.K....
International Underwriting Association Publishes Brexit Contract Continuity Clause
Jun 26 2018 // A Brexit clause has been published by the International Underwriting Association (IUA) to help companies manage insurance contracts as the UK leaves the European Union. The Brexit Contract Continuation Clause aims to...
EU Will Not Ease Post-Brexit Market Access for UK Insurers, Banks: Official
Jun 26 2018 // The European Union’s default market access for foreign financial firms will not be eased for Britain after Brexit and improvements to the equivalence regime will apply to all third countries, an EU official told...
Modernization, Underwriting Systems & Brexit Top COO Priorities: Lloyd’s Market Assn.
Jun 25 2018 // Market modernization, underwriting systems upgrades and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers (COOs), a survey commissioned by the Lloyd’s Market...
Thousands of UK Jobs at Risk over Slow Brexit Negotiations, Business Groups Caution
Jun 25 2018 // Prime Minister Theresa May faces a new onslaught over her Brexit plans from corporate Britain, after the U.K.’s five main business lobbies urged her to make progress in the negotiations or risk losing jobs and...
Most Global Organizations Fail to Learn from Cyber Mistakes: WTW Survey
Jun 22 2018 // A majority of executives around the world feel their organizations can do better when it comes to learning from their past cyber mistakes, according to the results of a global survey conducted by The Economist Intelligence...
U.S. Missing Out on ‘Huge Economic Opportunity’ of Climate Change Fight: Canada
Jun 22 2018 // Canada has an environmental message for Donald Trump: you can’t stop the global campaign against climate change and you will hurt the U.S. by abandoning the battle. Canadian Environment and Climate Change Minister...
