Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
London’s Status as Global Finance Center at Risk from Brexit, Warn Leading Bankers
Apr 13 2018 // Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance center as companies prepare to shift jobs out of London to preserve access to...
EU Regulators Urge Insurers, Banks to Take ‘Timely Action’ to Avoid Brexit Disruption
Apr 12 2018 // European Union regulators urged banks, investors and customers on Thursday to take “timely action” to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit. Britain leaves the EU...
PERILS Issues Updated Industry Exposure Database for Australia, Europe & Turkey
Apr 11 2018 // PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released a 2018 update of its Industry Exposure Database (IED). The updated country IEDs have again been produced...
Sompo Int’l to Form Retail Insurance Platform to Integrate International Businesses
Apr 10 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced it will establish a retail platform designed to integrate all the operations of Sompo Holdings Inc....
Beazley Names Bergler as Head of Broker Relations for Continental Europe
Apr 10 2018 // Specialist insurer Beazley has announced the appointment of Andreas Bergler as head of Broker Relations for Continental Europe. At the same time, the company said, Martin Fricke would succeed Bergler as head of treaty in...
UK Regulator FCA Calls for Coordination with EU to Assure Smooth Brexit
Apr 9 2018 // Britain’s financial watchdog called on Monday for immediate coordination with European Union counterparts to ensure that Brexit is as smooth and stable as possible for markets. The Financial Conduct Authority (FCA)...
Facebook ‘Willing’ to Meet with EU Regulators over Widening Data Scandal
Apr 6 2018 // Facebook Inc. expressed a “willingness to engage” with European Union regulators in the wake of fresh evidence showing that data on most of the social network’s 2 billion users could have been accessed...
Zurich Taps AXA’s Blanc as CEO of EMEA, Succeeding Shaughnessy
Apr 5 2018 // Zurich Insurance Group announced that Gary Shaughnessy will step down from his role as chief executive officer for Europe, Middle East & Africa (EMEA) and as a member of Zurich’s executive committee in the fourth...
Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €680M ($837.8M): PERILS
Apr 3 2018 // The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €680 million (US$837.8 million), according to PERILS, the Zurich-based organization that provides industry-wide...
Specialty Insurer Fortegra Financial Corp. Launches EU Subsidiary in Malta
Mar 29 2018 // Fortegra Financial Corp., a Jacksonville-based international specialty insurer and subsidiary of Tiptree Financial, announced the creation of a wholly owned European subsidiary in Malta. The unit, called Fortegra Europe...
UK Regulators Seek to Reassure Insurers, Banks About Brexit Transition Period
Mar 29 2018 // U.K. financial regulators sought to reassure banks and insurers that they can rely on a transition period to ease their adjustment to Brexit, putting pressure on the European Union to do the same. The statements on...
Brexit Effect: Fewer UK Financial Services Jobs Expected to Shift to EU, Says Reuters
Mar 28 2018 // The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of UK-based workers in...
How Will London’s Position as Global Financial Center Be Affected by Brexit?
Mar 28 2018 // Is London’s position as the largest international center of finance slipping as a result of Brexit? London has been a critical artery for the flow of money around the world for centuries. The financial services...
How Trump Policies Contribute to Dire Scenario for Workers’ Compensation
Mar 26 2018 // At a time when the nation’s workers’ compensation system is facing an aging workforce and a pending widespread labor shortage, federal policies on immigration and health insurance promise to exacerbate these...
Bank of England Will Soon Update Insurers, Banks on Latest Brexit Approach
Mar 23 2018 // The Bank of England said it would update banks and insurers next week on its approach to Brexit given that Britain and the European Union have now adopted a transition deal. “The Bank of England welcomes the EU...
European Insurtech Investment Growth Surpasses North America in 2017: Accenture
Mar 22 2018 // Global investment in the insurance technology (insurtech) industry surged in 2017, with Europe emerging as a new insurtech hub outside the U.S., according to new research from Accenture. The research, which includes new...
Facebook Will Dodge EU’s Tough New Data Rules – as GDPR Is Effective in May
Mar 22 2018 // Markets had already delivered their verdict before the European Union’s data privacy watchdogs could express outrage toward Facebook Inc. And while the social media giant lost as much as $60 billion in value earlier...
Deloitte Taps Europol’s Wainwright to Help Run Cyber-Security Practice
Mar 22 2018 // Europol Executive Director Rob Wainwright is leaving the EU intelligence agency he’s led for almost a decade to help run Deloitte LLP’s cyber-security practice, as companies wake up to the growing...
UK Broker Group BIBA Forms Agreement with WBN to Help EU Clients After Brexit
Mar 21 2018 // The British Insurance Brokers’ Association (BIBA) has formed an agreement with the Worldwide Broker Network (WBN) so that BIBA’s UK-based brokers are introduced to WBN’s EU-based brokers — thereby...
Lloyd’s CEO Warns Insurance Policies’ Continuity at Risk Under Brexit
Mar 21 2018 // Lloyd’s of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there’s an agreement on how they should be treated in post-Brexit Europe. “Regulators...
