Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
UK Insurers & Banks Make Contingency Plans for ‘Hard Brexit’: BofE’s Carney
Nov 15 2016 // Banks based in Britain may start to relocate activities to other countries about 1-1/2 years before a British departure from the European Union if a “hard Brexit” looks likely, Bank of England Governor Mark...
Aon Launches Cyber Risk Mgmt Solution in Response to EU Data Protection Law
Nov 8 2016 // Aon plc has launched a risk management solution designed to help organizations prepare for a new data protection law due to come into force on May 25, 2018. The law, known as the EU General Data Protection Regulation, or...
Climate Change Is Major Concern for 78% of SMEs: Zurich Report
Nov 4 2016 // Climate change is a major concern for small and medium-sized enterprises (SMEs), according to Zurich Insurance Group’s fourth annual global SME survey. Almost four-fifths (78 percent) of SMEs surveyed expected risks...
UK Court Says Parliamentary Approval Needed for Brexit; Government to Appeal
Nov 3 2016 // England’s High Court ruled on Thursday that the British government requires parliamentary approval to trigger the process of exiting the European Union, upsetting Prime Minister Theresa May’s Brexit plans. The...
Financial Services Firms Likely to Flee Britain If ‘Passport’ Regulations Lost ECB’s Lane
Oct 31 2016 // There is likely to be a significant flight of financial activity out of Britain if companies are no longer regulated on equivalent terms to those in the European Union after Brexit, European Central Bank council member...
Northern Ireland Can’t Block Britain’s Brexit: Court
Oct 31 2016 // Northern Ireland’s High Court on Friday rejected an attempt to block Britain’s exit from the European Union, saying that neither the province’s parliament nor its laws could override a decision by the...
EU Floats Uniform Tax Rules for Multinationals to Stem Tax Avoidance
Oct 26 2016 // Multinational companies would have to calculate their tax liabilities according to one set of rules across the European Union under proposals on Tuesday aimed at stopping them shifting profits to avoid taxes. To close the...
UK Employers Downbeat About Economy, Hiring After Brexit Vote: Poll
Oct 26 2016 // The number of British firms that are confident about the economy halved after the Brexit vote, with larger firms and those in regions which voted to stay in the EU more downbeat than those in areas that backed Leave, a...
Willis Re and SpatialKey Partner to Launch European Windstorm App
Oct 24 2016 // Willis Re, the reinsurance division of Willis Towers Watson, has collaborated with SpatialKey Inc. to launch a new European Windstorm app. “This powerful new event response application integrates data from multiple...
Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B
Oct 21 2016 // Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international...
EU Needs Pan-European Pension Product to Cut Complexity, Costs: Regulator
Oct 19 2016 // The European Union needs a common pension product because existing long-term savings offerings are too complex and costly, the region’s industry regulator said. “There are too many products and people...
AIG to Sell Certain Latin American, Central and Eastern Europe Business to Fairfax
Oct 18 2016 // American International Group Inc. is selling its local commercial and consumer insurance operations in Argentina, Chile, Colombia, Uruguay, Venezuela and Turkey to property/casualty insurer Fairfax Financial Holdings...
U.S. Says Trade Talks with Britain Not Possible Until Brexit Resolved
Oct 17 2016 // Britain needs to sort out its relationship with the European Union before it can begin to talk to the United States about any post-Brexit trade deal, U.S. Trade Representative Michael Froman said in Geneva on...
Willis Re Appoints Hannover Re’s Carroll to Western Europe Team
Oct 14 2016 // Willis Re has appointed Ronnie Carroll as head of Structured Solutions for Europe West and senior UK client advisor. He will report to Alkis Tsimaratos, managing director, head of Europe West. Carroll joins from Hannover...
Finance Execs Should Slash Their Pay to Win Back Trust in Business: Lloyd’s CEO
Oct 13 2016 // Finance executives should consider slashing their own paychecks as the U.K. works to exit the European Union in order to win back the trust of people who have lost faith in large businesses, according to Lloyd’s of...
London’s Mayor Khan Warns Exiting EU Could Make UK Poorer
Oct 12 2016 // London Mayor Sadiq Khan told business leaders that he’ll fight any attempt to take the U.K. out of the European Union’s single market, a move he says could make Britain poorer. “If we were to leave the...
Metlife Plans to Expand Its European Hub in Dublin: Source
Oct 11 2016 // MetLife Inc., the U.S. insurer, is close to finalizing a decision to expand its operations in Ireland, according to a person familiar with the matter. New York-based MetLife may announce its plan to grow its Irish presence...
British Financial Industry Tallies Lost Jobs, Revenue from ‘Hard Brexit’
Oct 5 2016 // Britain’s financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that would leave it with restricted access to the European Union’s single...
Britain’s Financial Sector Fears Damage from Brexit Lobbying Squabbles
Oct 3 2016 // Large banks in Britain have clashed with other parts of the financial sector about who should be leading efforts to lobby the government over Brexit. Failing to present a united front could be damaging as the industry,...
European Union Nations Fast-Track Approval of Paris Climate Agreement
Sep 30 2016 // European Union nations agreed to a fast-track ratification by the 28-member bloc of the Paris climate agreement, a step that could enable the most sweeping accord to combat global warming to come into force next month. The...
