Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Broker New Dawn Risk Group Launches Europe Subsidiary in Malta
Oct 7 2021 // New Dawn Risk Group, the London-based broker, announced the launch of its new European subsidiary, New Dawn Risk (Europe), headquartered in Malta. Like its parent company, New Dawn Risk (Europe) focuses on insurance...
People Moves: Ed Bermuda Names Marsh’s Juul as Head of Casualty; Mosaic Hires Jones From Liberty Specialty Markets; BHSI Promotes 2 for UK & Europe
Oct 5 2021 // This edition of International People Moves details appointments at Ed Bermuda, Mosaic Insurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Ed Bermuda Names Marsh’s...
Swiss Re Estimates Europe’s July Floods to Cost Insurers $12 Billion
Oct 5 2021 // Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately US$12 billion. The insurer also updated its own loss estimate for the July floods at approximately...
Why Post-Brexit Britain Is Economically Isolated, Vulnerable and Running on Fumes
Oct 4 2021 // Lines of cars snake from gasoline stations. Fights break out among angry motorists trying to get fuel. Grocery staples are out of stock on store shelves. A charity warns that doubling heating bills will force a million...
Fortegra Europe Opens Branch in Czech Republic
Sep 23 2021 // Fortegra Europe Insurance Co., a leading international specialty insurer and subsidiary of Tiptree Inc., announced the registration of a branch office in Prague, Czech Republic. Aiming to further strengthen...
EU Plans to Ease Capital Rules for Insurers to Provide €120 Billion Economic Boost
Sep 22 2021 // The European Union proposed changing the bloc’s capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals without eroding...
Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P
Sep 20 2021 // Convex Group Ltd. announced the launch of a Luxembourg-based European insurance entity, Convex Europe SA (CES). Convex received regulatory approval on Sept. 15, 2021 from the Luxembourg regulator, the Commissariat aux...
Analysis: A Divided London? City Tackles Brexit With Twin-Track Finance Revamp
Sep 3 2021 // High in the skyscrapers that have taken root in its warren of medieval streets, City of London grandees are plotting a post-Brexit regulatory revamp to rival New York. The City, as London’s traditional financial...
Insurtech ELEMENT and MGA Parametrix Launch Cloud Outage Insurance in Europe
Aug 25 2021 // ELEMENT, the Berlin-based insurtech, announced a partnership with managing general agent, Parametrix Insurance, launching parametric cloud outage insurance for companies in Germany. The product is designed to cover...
CVC Capital Completes $700M Purchase of RiverStone Europe from Fairfax
Aug 24 2021 // CVC Capital Partners (CVC), the Luxembourg-headquartered private equity firm, announced the completion of its acquisition of RiverStone Europe from Fairfax Financial Holdings Ltd. and OMERS, the pension plan for...
Insured Losses from European Floods Estimated at $6 Billion-$7.7 Billion: RMS
Aug 23 2021 // RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred between July 12 and 18, 2021, will likely range between €5 billion...
Europe Reinsurers’ H1 Profits Climb on Lower COVID Claims, Hardening Prices: Moody’s
Aug 19 2021 // The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits in the first half of 2021, compared with the same period in 2020 — as a result of lower...
European Commission Clears Vienna Insurance Acquisition of Aegon’s Businesses
Aug 13 2021 // The European Commission has granted competition law clearance for Vienna Insurance Group’s proposed acquisition of Aegon’s businesses in Central and Eastern Europe, according to the insurer. The acquisition by...
Blistering Heat in Sicily May Have Just Smashed European Record
Aug 12 2021 // The Italian island of Sicily may have just smashed continental Europe’s heat record, the latest example of how climate change is causing extreme weather events around the globe. Temperatures there reached 48.8...
People Moves: Swiss Re Corporate Solutions Hires AIG’s Blattner-Hoyle to Lead Trade Finance; QBE Names AXA XL’s France as Head of Property, Europe
Aug 10 2021 // This edition of International People Moves covers appointments at two insurers: Swiss Re Corporate Solutions and QBE European Operations. A summary of these new hires follows here. Swiss Re Corporate Solutions Names...
Chronic Scarcity of UK Workers Blamed on COVID and, of Course, Brexit
Aug 3 2021 // On the outskirts of the Scottish town of Kirkcaldy is a crop of new houses on their way to completion. There are two large banners pinned to the perimeter fence with a mobile phone number: “Bricklayers...
Amazon Slapped with Record Fine for Violating EU Data Privacy Rules
Aug 3 2021 // Amazon.com Inc has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data in violation of the bloc’s GDPR rules, as privacy regulators take a more aggressive...
AM Best Assigns ‘A’ Rating to International General Insurance Co. (Europe) SE
Aug 3 2021 // AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Malta-based International General Insurance Co. (Europe) SE. The outlook assigned to...
Broker Ardonagh Group Launches Ardonagh Europe to Expand Buy-and-Build Strategy
Jul 27 2021 // The Ardonagh Group announced the creation of Ardonagh Europe as it prepares to take its buy-and-build model to Europe. Ardonagh Europe will be headquartered in Dublin and led by Conor Brennan, who will also continue to...
Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe
Jul 23 2021 // Insurtech startup bolttech announced it has acquired i-surance, a next-generation B2B2C digital insurance platform based in Berlin. Financial details of the deal were not disclosed. The transaction is part of...
