Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Bees Endangered by Neonicotinoid Pesticides: EU Food Safety Regulator
Feb 28 2018 // Wild bees and honeybees are put at risk by three pesticides from a group known as neonicotinoids, Europe’s food safety watchdog said on Wednesday, confirming previous concerns that prompted an EU-wide ban on use of...
Europe’s Storm Friederike (aka David) to Cost Insurers €1.5B (US$1.8B): PERILS
Feb 28 2018 // The initial insured price tag for Extratropical Cyclone Friederike, also known as David, is an estimated €1.5 billion (US$1.8 billion), according to PERILS, the independent Zurich-based organization that provides...
Update: UK Prime Minister Rejects EU Draft Brexit Deal as Unacceptable
Feb 28 2018 // The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell. Brexit talks once again look to be stuck around the intractable issue of...
Avoiding Post-Brexit Chaos in Insurance Market Is Top Concern of Bank of England
Feb 27 2018 // Avoiding chaos in the insurance market due to Britain’s European Union exit is a top Bank of England priority and making sure cross-border contracts continue to pay out after Brexit is a major concern, its deputy...
Bank of England Will Not ‘Go Soft’ on Enforcing EU Solvency II Capital Rules
Feb 27 2018 // The Bank of England will not “go soft” on enforcing European Union capital rules for insurers, but will look at ways to make it easier for new entrants to boost competition in the industry, its deputy governor...
Europe Regulator Proposes Hacking, Geo-Awareness Protections for Drones
Feb 26 2018 // Europe’s aviation safety authority has proposed anti-hacking measures and geo-awareness technology for small drones to avoid collisions with aircraft or people, taking an important step toward Europe-wide...
Global Directors Beware: Are You Ready for EU’s Data Protection Regulation?
Feb 26 2018 // On May 25, 2018, the European Union (EU) General Data Protection Regulation (GDPR) will go into effect in the 28 EU member states. Companies, the world over, are now rushing to meet the deadline for compliance but how many...
UK Marine Insurer Steamship Mutual Chooses Netherlands for Post-Brexit HQ
Feb 22 2018 // British ship insurer Steamship Mutual plans to set up a new Dutch subsidiary to ensure continued access to trade in the European Union in case Britain loses single market access. “We are about to apply for a license...
Europe’s Windstorm Burglind (aka Eleanor) Estimated to Cost $802.5M: PERILS
Feb 16 2018 // Initial insured losses for Extratropical Cyclone Burglind (also known as Eleanor) are estimated at €643 million (US$802.5 million), according to PERILS, the Zurich-based organization that provides industry-wide...
UK Supports Post-Brexit Mutual Recognition System for London’s Financial Services
Feb 16 2018 // Britain’s government is ready to push for the kind of Brexit plan for financial services that the City of London has long favored, but which has already run into opposition in Brussels, two government officials said...
London Will Be Weakened as Financial Center After Brexit, Warns Bundesbank Exec
Feb 15 2018 // The U.K.’s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world’s leading financial centers, Bundesbank Executive Board member Joachim...
Gas Trading Platform Pegas Developing Temperature Products to Hedge Weather Risks
Feb 15 2018 // European gas trading platform Pegas said it is developing temperature products, which if approved could go live next year and help energy operators hedge weather risks. “A final plan will be presented to the...
Help Wanted: Data Protection Officers to Aid Anxious Firms with EU Data Law
Feb 14 2018 // They may not have the cachet of entrepreneurs, or geek chic of developers, but data protection officers are suddenly the hottest properties in technology. When Jen Brown got her first certification for information privacy...
January Windstorms to Cost Europe’s Insurers More Than $2B: Aon
Feb 9 2018 // European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon Benfield’s...
Everest Insurance Hires Aspen’s Sanders to Lead Europe Credit & Political Risk Business
Feb 8 2018 // Everest Re Group Ltd. announced that Paul Sanders has joined Everest Insurance as head of their European Credit and Political Risk insurance business. Sanders joins Everest with over 20 years of experience in the London...
UK Businesses Issue ‘Urgent Appeal’ for More Clarity on Brexit Blueprint
Feb 7 2018 // UK Plc issued an “urgent appeal” to Prime Minister Theresa May to get off the fence on Brexit or risk serious damage to business. The British Chambers of Commerce warned in an open letter that there is...
Brexit Transitional Deal Needed by End of March, Says FCA’s Bailey
Feb 6 2018 // The head of the U.K. Financial Conduct Authority added urgency to Brexit negotiations by saying European governments must reach a transitional agreement for financial services by the end of March to avoid the risks...
EU Will Not Offer Post-Brexit Passporting for UK Insurers, Banks: Diplomats
Jan 31 2018 // European Union negotiators see no room for discussion with Britain on maintaining “passport” access to EU financial markets for its banks after Brexit, but they are willing to look at free trade in the sector,...
Worldwide Broker Network Names Gambonini as Global P/C Consultant
Jan 31 2018 // The Worldwide Broker Network (WBN) announced the appointment of Antoinette “Toni” Gambonini as global property & casualty consultant. In this role, Gambonini will work with WBN member companies on six...
International Underwriting Association Calls for EU Registry of Cyber Claims Data
Jan 31 2018 // A more coherent, consistent recording of cyber incidents would help the insurance industry better understand the frequency and cost of cyber claims, according to a report published by the International Underwriting...
