Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Update: Uber Braces for UK Legal Battles that Could End Its Reign in London
Jul 21 2020 // Uber Technologies Inc. is bracing for a long summer of legal battles that could see the end of its reign in London and entitle its drivers to a long list of workers’ rights. A dispute over whether its drivers should...
Aviation Broker Piiq Risk Partners Receives License to Operate in France
Jul 20 2020 // Piiq Risk Partners, the global aerospace re/insurance broker, announces that it has received regulatory approval to operate in France. Piiq’s French operation will act as a base for expanding its services across the...
Coronavirus Claims of Estimated €80B Are ‘Manageable’ for Europe’s Insurers: Moody’s
Jul 17 2020 // The coronavirus outbreak has had an adverse, but manageable, impact on the European insurance sector, leading to a drop in company earnings rather than capital erosion, says Moody’s Investors Service in a...
Investors, Insurers Warned of Risk of U.S. Sanctions for Russian Pipeline Ties
Jul 17 2020 // U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlin’s economic leverage...
Castel Acquires Dutch Marine Business from The Hartford
Jul 17 2020 // Castel Underwriting Europe B.V. has agreed to acquire the renewal rights for a Navigators Europe book of predominantly of Dutch marine cargo, inland hull, land-based equipment and liability business from The...
Adviser to EU Judges Says Online Platforms Not Liable for User Copyright Violations
Jul 16 2020 // Google’s YouTube and other online platforms are not liable when users illegally upload copyrighted works onto their platforms, but rightholders can ask for injunctions against the companies, a European Union Court of...
European Union Court Invalidates Special Data Privacy Shield Granted U.S. Firms
Jul 16 2020 // LUXEMBOURG – Europe’s highest court ruled on Thursday that a transatlantic data transfer deal is invalid because of concerns about U.S. surveillance in a decision that could disrupt thousands of companies that...
Just One-Quarter of UK Firms Are Prepared for End-of-Year Brexit Transition: Survey
Jul 14 2020 // Only one-quarter of business leaders say their organizations are fully ready for the end of the Brexit transition period, according to a survey by the Institute of Directors. Nearly half of the 978 company directors polled...
Aviva’s New Boss Has One of Toughest Jobs in European Finance: Opinion
Jul 8 2020 // It’s time for someone else to have a go at one of the toughest jobs in European finance: deciding the future of Aviva Plc. The UK insurer’s pick of Amanda Blanc as chief executive officer has brought a leader...
Arctic Temperatures Soar to Record Levels in June, Stoking Wildfires: EU Data
Jul 7 2020 // GENEVA/MOSCOW – Temperatures in Arctic Siberia soared to a record average for June amid a heat wave that is stoking some of the worst wildfires the region has ever known, European Union (EU) data showed on...
Sompo Global Risk Solutions Launches Team in London to Serve UK, Europe Markets
Jul 2 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in...
Allianz Global Corporate & Specialty Restructures to ‘Regain Profitability’
Jul 1 2020 // Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain profitability and market leadership in the corporate and specialty...
UK Proposals for Financial Services ‘Unacceptable:’ EU Brexit Negotiator
Jul 1 2020 // LONDON – British proposals to give the City of London access to the European Union are “unacceptable” because they seek to maintain the benefits of the single market without the obligations, the...
Report Highlights Need for Better Risk Management on Europe’s Container Ship Routes
Jun 29 2020 // A Dutch safety watchdog said Thursday [June 25] that it is “undesirable” for large container ships to use a shipping route through an environmentally sensitive, shallow sea off the coast of the Netherlands,...
SoftBank May Sue Wirecard Accountant EY; EU Probes Germany’s Regulator
Jun 26 2020 // The European Union is investigating Germany’s financial regulator over the collapse of payments company Wirecard in a rare move that heaps embarrassment on Berlin days before it is due to take over the EU’s...
Ireland, Luxembourg Lag in Support for Policing EU Data Privacy Compliance
Jun 25 2020 // Ireland and Luxembourg, European headquarters to Google, Facebook, Twitter and Amazon, need a substantial boost in resources to deal with data breaches by U.S. tech giants, a European Union report said. The report by the...
Global Institutional Investors, Including Insurers, Urge Brazil to Control Deforestation
Jun 24 2020 // A group of 29 global investment firms that manage $3.7 trillion are demanding meetings with Brazilian diplomats around the world to call on right-wing President Jair Bolsonaro’s government to stop soaring...
UK, EU Likely to Miss Deadline for Accessing Financial Services After Brexit: Sources
Jun 24 2020 // Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services, leaving just six months before a potentially messy UK exit, financial industry and EU...
UK Insurance Broker Ardonagh Group Secures $2 Billion Loan for Acquisitions
Jun 23 2020 // UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender. The group is refinancing its debt with a 1.575...
No-Deal Brexit Would Deepen Economic Pain for UK’s Coronavirus-Hit Companies
Jun 16 2020 // Trade talks between the EU and UK have struggled in recent weeks, increasing the prospect that Britain departs the bloc without a deal and that businesses face an extreme shock when the divorce takes effect. It’s a...
