Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
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...
Leaked Analysis Paints Gloomy Post-Brexit Picture for UK: BuzzFeed Report
Jan 30 2018 // Britain’s economy will be worse off after Brexit whether it leaves the EU with a free trade deal, with single market access, or with no deal at all, according to a government analysis leaked to BuzzFeed News. The...
Bloomberg Interview with Lloyd’s CEO Beale in Davos: Economic Outlook, Asia Growth, Cyber, Brexit and More
Jan 26 2018 // Lloyd’s of London, the world’s oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the...
Cyber VC Firm, Advised by Ex-Intelligence Officials, Plans Europe M&As
Jan 26 2018 // A venture capital fund advised by former British and U.S. intelligence officials is planning a string of acquisitions to create a pan-European cyber security specialist. C5 Capital aims to create a regional managed...
Insurance Industry Making ‘Significant Contributions’ in Climate Change Battle, Report Shows
Jan 25 2018 // The insurance industry is making significant contributions to building socio-economic resilience to climate change and supporting the transition to a low-carbon economy in their role as risk management experts and...
Insured Natural Disaster Losses in 2017 Were 38% of Economic Costs of $353B: Aon
Jan 24 2018 // Insured losses for last year’s 330 natural catastrophes reached US$134 billion, or 38 percent of their economic price tag of $353 billion, according to a report published by Impact Forecasting, Aon Benfield’s...
KKR-Backed Optiv Plans to Offer Cyber Security Services in Europe
Jan 24 2018 // Optiv Security, an acquisitive Denver-based company backed by private equity firm KKR, is expanding into Europe where it will offer its cyber security management and consultancy services, executives said on Tuesday. Optiv...
