Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU Contributes $15.8M to Caribbean Catastrophe Risk Insurance Facility
Apr 18 2016 // The European Commission has agreed to contribute €14 million ($15.8 million) so the governments of Central American countries and the Dominican Republic can access to “low cost, high quality catastrophe risk...
Most U.K. Public Companies Haven’t Formed ‘Brexit’ Contingency Plans: Survey
Apr 15 2016 // More than three-quarters of U.K. public companies surveyed by an auditors’ group haven’t discussed contingency planning for the nation’s potential exit from the European Union with the chairman or the...
Europe Terrorist Attacks in 2015 ‘Most Lethal’ in Nearly a Decade: Aon Risk Map
Apr 13 2016 // As terrorists increasingly target private citizens and public gatherings, last year marked the most lethal year for terrorist violence in Europe in nearly a decade, according to Aon Risk Solutions’ 2016 Terrorism and...
Simplifying Derivatives Rules Will Help Regulators Spot Systemic Risks: Industry
Apr 13 2016 // Regulators won’t get a clear picture of risks in the $550 trillion derivatives market until they prune trade reporting rules, a group of 13 industry bodies said on Wednesday. The collapse of Lehman Brothers bank in...
Fintech Revolution May Threaten 250,000 Jobs as Europe Insurers Seek Cost Cuts
Apr 7 2016 // The rush is on to replace people with software in Europe’s insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is accelerating its cost...
‘Brexit’ May Threaten UK Shipping, Marine Insurance Sectors
Apr 6 2016 // If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is...
‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
EU Lowers Insurers’ Capital Requirements to Spur Infrastructure Investments
Apr 1 2016 // The European Union lowered capital requirements on insurance companies to spur investment in long-term infrastructure projects as policy makers struggle to revive the bloc’s flagging economy. Risk charges for...
Ontario Teachers’ Pension Plan (Lead ANV Investor) Assesses ‘Brexit’ Effect
Apr 1 2016 // The Ontario Teachers’ Pension Plan, one of the biggest investors in British infrastructure, said it is assessing daily the risk that Britain will leave the European Union and is considering hedging the currency risk...
Beazley Provides Data Breach Response Insurance in Canada
Mar 31 2016 // Beazley announced the launch of the company’s flagship Beazley Breach Response (BBR) product in Canada, which is data breach response insurance that protects the personal data of up to five million individuals per...
British SME Owners Develop Contingency Plans for Potential ‘Brexit’
Mar 29 2016 // Above a factory floor of machines carving metal to within a millionth of a meter, Stephen Cheetham is preparing his company for the unknown: a British exit from the European Union. Since the government announced a...
2015 Global Insured Losses Lowest Since 2009 Despite El Niño Effects: Carpenter
Mar 25 2016 // One of the strongest El Niño periods on record and a positive phase of the North Atlantic Oscillation were the climate drivers in 2015 that led to an exceptional season of Pacific tropical storms and severe windstorms and...
Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT
Mar 25 2016 // The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence...
Strong Reinsurer Results Hide Difficult Business Conditions: S&P, Fitch Reports
Mar 24 2016 // Weak business conditions in the reinsurance industry are being masked by a low level of catastrophes and a high level of reserve releases, said Standard & Poor’s Ratings Services and Fitch Ratings in new...
AIR Says Brussels Attacks Have Limited Insurer Impact; FERMA Issues Comment
Mar 24 2016 // The deadly coordinated attacks in Brussels on March 22, which killed 33 people and wounded 260. are expected to have limited impact on the insurance industry, according to catastrophe modeling firm AIR Worldwide. Loss of...
Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re
Mar 22 2016 // The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power increasingly moving to the center, according to the findings of a new global survey...
Update: Explosions Rip Through Brussels Airport & Subway; Death Toll Rises
Mar 22 2016 // Belgium was on the highest terror-alert level after three bombings in Brussels on Tuesday killed at least 31, injured more than 180 and raised fears of follow-up attacks. Prime Minister Charles Michel, condemning the...
Chubb Names Claims Management Team in Europe
Mar 22 2016 // Chubb announced a number of appointments within its claims management team in Europe, with immediate effect. All the following positions will report to Peter Murray, director of claims for Chubb in Europe and will be based...
Why Ridesharing Won’t Hurt Car Sales
Mar 21 2016 // Car sharing usage will significantly increase, particularly in urban areas among young residents, however most consumers will still opt to own their own cars and car sharing will not significantly hurt car sales, according...
‘Brexit’ Could Cost U.K. $145B in Economic Output & 950,000 Jobs by 2020: Study
Mar 21 2016 // Leaving the European Union might cost the U.K. 100 billion pounds ($145 billion) in lost economic output and 950,000 jobs by 2020, the Confederation of British Industry said as it stepped up its campaign against a...
