Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Specialist Risk Group Launches Platform for European Operations
Apr 25 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the launch of Specialist Risk Europe, the platform for SRG’s European operations, headquartered in Dublin, Ireland. SRG’s latest...
EU Regulators Set Out Ideas to Help Plug Climate ‘Insurance Gap’
Apr 24 2023 // Issuing “catastrophe bonds” and setting up public-private partnerships could help plug the “insurance gap” to better cover damage from climate change, a discussion paper from the European Central...
Record Heat and Drought Force Europe to Accelerate Climate Adaptation
Apr 21 2023 // The record heat and drought hurting European farmers, power utilities and insurers foreshadows even faster change to the continent’s climate, with scientists warning that feedback loops from a drying Earth likely...
EU Announces $1.2B Plan to Counter Growing Cyber-security Threats
Apr 19 2023 // The European Commission on Tuesday announced a 1.1-billion-euro ($1.2 billion) plan to counter growing cybersecurity threats, underscoring mounting concerns about a series of high-profile hacking incidents. The growing use...
Climate Activists Sue EU for Labeling Gas and Nuclear Investments as ‘Green’
Apr 18 2023 // Greenpeace and other campaign groups are set to take the European Commission to court on Tuesday, seeking to overturn European Union rules that class nuclear energy and natural gas as climate-friendly investments. The...
EU Vote on Human Rights ‘Due Diligence’ Looms for Financial Services Firms
Apr 6 2023 // Financial services companies would be required to take action if their clients were failing to protect human rights and the environment, a preliminary deal due to be voted on later this month by a panel of European Union...
Car Services Groups Warn of Unfair Competition as EU Data Plan Stalls
Apr 4 2023 // Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from U.S. and Chinese tech companies. The vehicle data tussle between...
People Moves: Everest Insurance Names Kendrick as Non-Exec Chair of European Board of Directors; OONA Insurance Appoints Marsh’s Zandueta as President, CEO
Mar 30 2023 // This edition of International People Moves details appointments at Everest Insurance and OONA Insurance (formerly Mapfre Insurance). A summary of these new hires follows here. Everest Insurance Names Chubb’s Kendrick...
EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels
Mar 24 2023 // The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered at the European Central Bank to rethink their treatment of liquidity risk. The watchdogs...
People Moves: Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting; Verlingue Hires Hiscox’s Bethell as Head of Private Clients
Mar 22 2023 // This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue. A summary of these new hires follows here. New Specialty MGA Nirvana Taps Sompo’s...
EU Proposes Clampdown on Companies Using Misleading ‘Green’ Labels
Mar 22 2023 // The European Commission proposed rules on Wednesday that would require companies in Europe to back up climate-friendly claims about their products with evidence, to stamp out misleading green labels for products from...
Britain’s Financial Services Industry Plans Blueprint for Post-Brexit ‘Kickstart’
Mar 21 2023 // Top officials from Britain’s financial sector said on Tuesday they would set out a blueprint later this year to “kickstart” London’s role as a post-Brexit global financial center by 2030. The City...
EU Prepares for Climate Stress Test That Includes Insurers
Mar 14 2023 // The European Union is starting to prepare the region’s next stress test to measure the financial sector’s readiness for climate change, with the exercise set to involve the insurance industry for the first...
Aon Updates Europe Windstorm, Severe Convective Storm Models
Mar 13 2023 // Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that inform current and future...
European Central Bank to Test Cyber Resilience of Banks
Mar 10 2023 // The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise in cyberattacks, including after Russia’s invasion of Ukraine, ECB supervisory chief Andrea Enria...
Update: Britain Says Financial Reforms Will Be in Same ‘Orbit’ as EU, U.S.
Mar 9 2023 // Britain’s revamped financial market rules will largely be aligned with U.S. and European Union regulations to minimize disruption to global companies, its financial services minister Andrew Griffith said on...
Canada Joins U.S. and EU in Banning TikTok From Government Phones
Mar 3 2023 // Canada will bar civil servants from using TikTok Inc. on government-issued mobile devices due to security concerns around data collection. The social media app, which is owned by China’s ByteDance Ltd., will be...
Britain Will Seek to Reset Relations Between City of London and EU
Mar 2 2023 // Britain will seek to reset relations between the City of London and the European Union on Thursday, saying it will stick to high standards in finance and not do anything to undermine financial stability in the bloc in the...
Acrisure Continues European Expansion With Launch of German Subsidiary
Feb 28 2023 // Acrisure, a fintech company that operates a top-10 global insurance broker, announced the formation of Acrisure Deutschland GmbH, a new subsidiary covering the German, Austrian and Swiss markets. Mathias Pahl will serve as...
Declines in Maternal Death Rates Stall Amid Increases in U.S., EU
Feb 24 2023 // Declines in pregnancy- and childbirth-related deaths that took place over a decade and a half have stalled since 2015, as rates increased in some of the world’s wealthiest regions. Maternal mortality increased by 17%...
