Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
R&Q’s Accredited Europe Signs 6-Year Program Management Deal with UK Insurtech
May 24 2022 // The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., announced it has signed a six-year program management agreement with Policy Expert, a...
Munich Re Issues Green Bond in U.S. Market, in a First for a European Insurer
May 24 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By...
Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers
May 16 2022 // Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated natural catastrophe claims and a first round of claims reserves from the Russia-Ukraine war,...
EU Agrees to Tougher Cyber-Security Rules for Key Sectors, Including Financial Services
May 16 2022 // EU countries and lawmakers agreed on Friday to tougher cyber-security rules for large energy, transport and financial firms, digital providers and medical device makers amid concerns about cyber attacks by state actors and...
Major European Power Cable Suppliers Face UK Class Action Over Alleged Cartel
May 11 2022 // Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages over allegations that a cartel led to inflated electricity charges for at least 30 million consumers...
EU to Weaken Russia Oil Sanctions, but Keeps Plan to Prohibit Insurance of Shipments
May 9 2022 // The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though it aims to keep a key shipping provision that will hinder Moscow’s ability to export its...
Europe’s Top Court Rules Against Compensation for Banco Popular Investors
May 6 2022 // Europe’s top court said on Thursday that Banco Popular shareholders who took part in its capital increase in 2016 are not entitled to compensation for losses suffered after the Spanish bank was wound down and...
EU Regulator Warns of Increased Risk to Airlines as Result of Ukraine War
May 5 2022 // The European Union’s Aviation Safety Agency (EASA) regulator warned on Thursday of increased risks to airlines due to the war in Ukraine, such as civil planes being accidentally targeted as well as an increased risk...
EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban
May 4 2022 // The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that could dramatically impair Moscow’s ability to ship its oil anywhere in the world. The bloc is proposing to...
Musk-Owned Twitter Will Have to Follow EU’s Rules: Commissioner
May 2 2022 // A top EU official doesn’t expect to have a problem with Elon Musk, who is pursuing a free-speech agenda in his takeover of Twitter Inc., so long as the billionaire follows the region’s content rules. European...
Ebix Europe Launches Exposure Management Platform: ExposureHub
Apr 28 2022 // London market reform technology specialist Ebix Europe announced the launch of its new platform, ExposureHub, for re/insurance exposure management. Ebix describes ExposureHub as a versatile and geospatially rich platform,...
Britain Proposes Post-Brexit Relaxation of Solvency II Capital Rules for Insurers
Apr 28 2022 // Britain launched public consultation on Thursday for a post-Brexit relaxation of capital rules for insurers, in a step the government said would increase investments in long-term infrastructure. Britain inherited rules...
‘SLAPP’ Lawsuits Used by Rich and Powerful to Silence Critics Face EU Crackdown
Apr 27 2022 // Wealthy individuals including Russian oligarchs, states and corporations that abuse the legal system to gag journalists and dodge oversight face a European Union-wide crackdown including potential fines. A proposed law on...
Tech Giants Could Face Billions in Fines Under EU’s New Content Rules
Apr 25 2022 // The world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation after lawmakers reached an agreement on its scope early Saturday. The landmark Digital...
Climate Change Exacerbates Extreme Weather in Europe: Report
Apr 25 2022 // Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer on record, according to scientists at the Copernicus Climate Change...
Update: Greece Seizes Russian Crude Oil Tanker as Part of EU Sanctions
Apr 19 2022 // Greece has impounded a Russian oil tanker off the island of Evia, the Greek coastguard said on Tuesday, as part of European Union sanctions imposed on Moscow over its invasion of Ukraine. Earlier this month, the EU banned...
EU’s Tweak to Sanctions Allows Some Aircraft Lessors to Sell Stranded Jets to Russia
Apr 15 2022 // An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held in Russia to the airlines now operating them without permission. The measure, published April 8,...
Reuters – Oil Traders to Cut Russia Oil Purchases to Avoid Falling Foul of EU Sanctions
Apr 14 2022 // Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on...
People Moves: Aon Names Ferreira LatAm CEO of Reinsurance Solutions; Fidelis Promotes Herget in D&F Property; MGA DUAL Europe Names Ghilosso as Chair
Apr 12 2022 // This edition of International People Moves details appointments at Aon, Fidelis Insurance and MGA DUAL Group. A summary of these appointments follows here. Aon Names Ferreira as LatAm CEO of Reinsurance Solutions, Muñoz...
Senior EU Officials Targeted With Israeli Spyware: Sources
Apr 11 2022 // Senior officials at the European Commission were targeted last year with spy software designed by an Israeli surveillance firm, according to two EU officials and documentation reviewed by Reuters. Among them was Didier...
