Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Europe Asset Managers Eye Halting Non-ESG Products to Meet Net-Zero Goals: Survey
Jun 27 2022 // Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC...
Parliament Cautions Regulators: UK Finance, Insurance Yet to Feel Full Brexit Impact
Jun 24 2022 // Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance...
UK Should Avoid Hasty Financial Services Reforms Following Brexit: Lawmakers
Jun 23 2022 // Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance...
EU Balks at U.S. Plan to Use Insurance to Cap Russian Oil Prices
Jun 22 2022 // European officials are skeptical of a U.S. push to set a price cap on Russian oil by potentially easing an EU ban on insurance for the transportation of crude and petroleum products from Russia, according to people...
People Moves: Arch Insurance Int’l Names AXA XL’s Longley as Head of Professional Indemnity; WTW Direct & Facultative Taps AGCS’ De Jager for European Property
Jun 21 2022 // This edition of Internationl People Moves details appointments at Arch Insurance International and Willis Towers Watson (WTW). A summary of these new hires follows here. Arch Insurance Int’l Names AXA XL’s...
Top EU Court Says Insurer Must Pay Spanish Claim in Galicia Oil Spill
Jun 21 2022 // BRUSSELS – Spain on Monday won backing from Europe’s top court in its mutli-million euros damage claim against The London Steam-Ship Owners Mutual Insurance Association for a massive oil spill on its...
Lloyd’s Broker Servca Launches Malta Office to Spearhead European Expansion
Jun 16 2022 // Servca, the independent Lloyd’s broker that specializes in non-standard medical, financial and professional lines insurance, announced the opening of an office in Malta to spearhead the expansion of its European...
EU Aviation Watchdog Raises Alarm About Western-Made Aircraft Flying in Russia
Jun 16 2022 // The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made aircraft continuing to fly in Russia without access to spare parts and proper...
UK Lawmakers Warn About Watering Down Post-Brexit Financial Regulation
Jun 16 2022 // Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules to boost London’s competitiveness, or stray from global standards, a UK parliamentary...
People Moves: WTW Asia Hires Aon’s Tilney, Promotes Nassaouati; DUAL Europe Names Allianz’s Wijchman as Commercial Dir.; Liberty GTS Promotes Lee as APAC Mgr.
Jun 15 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW), MGA Dual, and Liberty Global Transaction Solutions. A summary of these new hires follows here. WTW Asia Hires Aon’s...
EU Regulator Sees No Safety Problem With A350 Paint at Center of Legal Dispute
Jun 15 2022 // Europe’s top aviation safety regulator said on Tuesday he had seen no evidence that paint or surface erosion on A350 jets, which are at the center of a legal dispute between Airbus and Qatar Airways, represented a...
Munich Re Issues Green Bond in U.S. Market — a First for European Insurer
Jun 6 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has sucessfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By issuing...
Owners of Cars With Emissions ‘Defeat Devices’ Can Claim Damages: EU Court Adviser
Jun 3 2022 // BRUSSELS – Owners of vehicles equipped with so-called defeat devices have a right to compensation from the vehicle manufacturer, an adviser to the top EU court said on Thursday in a case brought against...
American Chamber of Commerce Voices Concerns About EU Plan for Foreign Subsidies
Jun 3 2022 // Proposed EU legislation targeting foreign state-backed buyers of European companies prompted by fears of a Chinese buying spree may be impossible to comply with in practice, the American Chamber of Commerce and peer groups...
EU Gives Final Nod to Sanctions Targeting Russia’s Oil, Insurance, Sberbank
Jun 3 2022 // BRUSSELS – The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin’s Feb....
People Moves: DUAL Europe Names 2 in Key Roles; Lockton Re Taps Aon’s Breslin for Capital Mkts.; Chubb Promotes Thompson for Int’l Personal Lines, Hernandez for A&H
Jun 2 2022 // This edition of International People Moves details appointments at the MGA DUAL, Lockton Re and Chubb. A summary of these new hires follows here. DUAL Europe Announces 2 Key Appointments DUAL, the London-based managing...
European Union Seeks to Coordinate Russian Oil Insurance Ban With G-7 Members
Jun 2 2022 // The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere in the world with some Group of Seven members, according to people familiar with the matter, in a...
Weird Rainfall Patterns in Europe Blamed on Climate Change
Jun 1 2022 // Emissions of planet-warming greenhouse gases caused by human activities are directly responsible for long-term dry conditions in the Mediterranean basin and the increasing rainfall over the rest of Europe during winter,...
EU Poised to Approve Sanctions Against Russia, Covering Oil, Banks and Insurance
Jun 1 2022 // European Union ambassadors are set to approve a sixth package of sanctions over Moscow’s invasion of Ukraine, banning most Russian oil imports by year-end and restricting Russia’s ability to ship crude to...
EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed
May 31 2022 // European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine. The sanctions would...
