Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
People Moves: BHSI Promotes 3 in UK Exec & Professional Lines Team; Chubb Global Markets Taps AIG’s Collins as Head of Airline; bolttech Names Schädler CEO, Europe
Jan 6 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Chubb Global Markets and the insurtech bolttech. A summary of these new hires follows here. BHSI Promotes 3 Senior...
People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK
Jan 5 2023 // Aon Names Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA Insurance broker Aon plc has named Agostino (Ago) Fulciniti as head of strategy execution for Commercial Risk Solutions in EMEA,...
European Cities Break Temperature Records in Winter Heat Wave
Jan 4 2023 // Europe has broken temperature records already this year, with cities from Berlin to Warsaw recording their warmest ever start to the month. Temperatures in the German capital reached 16C (60.8F) on New Year’s Day, a...
Exxon Sues to Force EU to Scrap New Windfall Profits Tax on Oil Companies
Dec 29 2022 // U.S. oil major Exxon Mobil Corp. is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits...
EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Strategy
Dec 20 2022 // The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green Deal strategy that aims to make its economy climate-neutral by mid-century. Under a...
EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
Dec 20 2022 // European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling economy weakens resolve to punish Moscow for war in Ukraine. EU leaders agreed on Thursday...
Markets/Coverages: QBE Europe Launches Warranty & Indemnity Product; Miller Launches D&O Product for UK Construction Sector
Dec 16 2022 // QBE Europe Launches Warranty & Indemnity Product QBE announced the introduction of Warranty and Indemnity (W&I) insurance in Europe for the first time to further support customers. The new product reflects an...
Climate Change Could Cost Pension Funds Billions of Euros: EU Watchdog
Dec 14 2022 // Pension funds across the European Union would lose billions of euros from their investments in polluting industries without action to mitigate the impact of climate change, the bloc’s first stress test of its kind...
UK’s Post-Brexit Financial Services Reforms Fall Short of Promised ‘Big Bang’
Dec 12 2022 // The UK set out a package of financial services reforms that cuts across dozens of areas but fell short of the “Big Bang” that politicians were promising earlier this year and is unlikely to deliver the dramatic...
G7 Price Cap on Russia Oil Not to Blame for Tanker Queues: EU Says
Dec 9 2022 // The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on the way to the Mediterranean, the...
European Central Bank Urgently Seeks Regulation After Multiple Crypto Bubbles Burst
Dec 8 2022 // Crypto assets are here to stay so their regulation is urgently needed to protect investors and the stability of the global financial landscape, European Central Bank board member Fabio Panetta said on Wednesday. Crypto...
EU Agrees to $60 Price Cap for Russian Oil, Allowing Buyers to Access Insurance
Dec 2 2022 // The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal, according to a Polish diplomat. The price is higher than where Russia already sells most of its...
EU Takes ‘First Step’ to Certify Removals of Carbon Dioxide From Atmosphere
Dec 2 2022 // The European Union set out plans on Wednesday to certify removals of carbon dioxide from the atmosphere, while leaving key details to be worked out later – including how these removals will be counted towards EU...
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
Dec 1 2022 // Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said...
Mosaic Insurance Launches Frankfurt Office to Boost European Growth
Nov 29 2022 // Bermuda-based Mosaic Insurance is ramping up its global growth plan with the opening of an office in Frankfurt, Germany to meet high demand for cyber and transactional liability coverage through Continental Europe. The...
EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants
Nov 29 2022 // Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on “cloud computing” giants such as Amazon, Microsoft, Google and...
People Moves: Tysers Insurance Brokers Names Former Chubb Exec Kendrick as Chair; Tokio Marine HCC Int’l Promotes Herrero as CEO for European Operation
Nov 28 2022 // Tysers Insurance Brokers Names Former Chubb Exec Kendrick as Chair Tysers Insurance Brokers, the London-based broker, announced the appointment of Andrew Kendrick as non-executive chair. The appointment is effective Dec....
Liberty Mutual Explores $1 Billion Sale of Europe Businesses
Nov 23 2022 // Liberty Mutual Holding Co. is exploring a sale of its businesses in Spain, Portugal and Ireland, according to people familiar with the matter, joining other American insurers retreating from the region. The US insurer is...
Is Britain Starting to Have Second Thoughts About Brexit?
Nov 23 2022 // Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. More than six years after voting to leave the European Union, the UK is facing a prolonged recession, a deep cost-of-living...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
Nov 22 2022 // Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK’s exit from the European Union. Since the Irish unit includes the...
