Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Insured Losses for Europe’s Storm Sabine (aka Ciara) Estimated at €1.55B: PERILS
Mar 24 2020 // The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according to PERILS, the independent Zurich-based...
Swiss Re Names da Victoria Lobo as Market Executive for Western, Southern Europe
Mar 24 2020 // Swiss Re has announced that Nikhil da Victoria Lobo, currently managing director and head of Americas for its Public Sector Solutions (PSS) Division, has been appointed market executive for Western and Southern Europe...
Supply Chain Problems Move from China to U.S. and Other Nations
Mar 23 2020 // Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most...
Western Supply Chains Begin to Buckle on Expanding Coronavirus Lockdowns
Mar 23 2020 // Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI
Mar 20 2020 // Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result of the coronavirus outbreak because pandemic-related claims are excluded from most business interruption...
Coronavirus Strikes Post-Brexit Trade Talks with Top Negotiators in Isolation
Mar 20 2020 // The coronavirus has struck at the heart of the post-Brexit trade talks between Britain and the European Union, with both sides’ top negotiators now in isolation. David Frost, the UK’s chief negotiator, is...
EU Insurers Must Preserve Capital Positions as Coronavirus Crisis Escalates: Watchdog
Mar 18 2020 // Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the European insurance watchdog...
EU Regulators Ask Firms to Delay M&A Antitrust Filings Due to Coronavirus
Mar 17 2020 // European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of agreed deals. Among the...
Europe’s Soccer Clubs May Face $1B Bill if Coronavirus Forces Season Cancellation
Mar 16 2020 // If the coronavirus forces Europe’s soccer leagues to cancel the rest of the season, TV networks may be able to demand more than $1 billion in compensation. The move to suspend international games and competitions in...
Coronavirus Drives Patients to Online Doctors, Spurring Telemedicine Sector
Mar 13 2020 // The new coronavirus that’s forcing lockdowns and roiling economies is spurring a silent revolution in the field of telemedicine. As COVID-19 spreads across Europe, leaving new patients in its wake, the fear of...
Europe’s Storm Dragi-Eberhard Cost Insurers €782M (US$882.9M): PERILS
Mar 9 2020 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its fourth and final loss estimate of €782 million (US$882.9 million) for Europe’s Extratropical...
Coronavirus Wreaks Havoc on Global Businesses as Infections Pass 100,000
Mar 6 2020 // The number of people infected with the new coronavirus surpassed 100,000 across the world on Friday, as the outbreak reached more countries and economic damage intensified, with business districts beginning to empty and...
European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans
Mar 5 2020 // Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak. For many companies it...
Lawsuits Against Businesses Over Coronavirus Have Begun. More to Come?
Mar 4 2020 // The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits. Hospitals, restaurants, day care centers, nursing homes and hotels may face claims that they...
U.S. Lags Europe in Driver Assist Technology Safety Testing
Mar 2 2020 // Autopilot, Super Cruise and Drive Pilot are different names given to technology that automates steering and braking in a growing number of vehicles, but none of it can safely “pilot” cars without regular human...
UK Threatens to Walk Away from EU Trade Talks if Quick Progress Isn’t Made
Feb 28 2020 // Britain published its opening demands for trade talks with the European Union on Thursday, delivering a blunt threat to walk away from the table if there is no progress within four months. The two sides appear headed for a...
UK Financial Services Sector Could Take a Back Seat to Fishing in EU Trade Talks
Feb 27 2020 // Britain will likely secure only temporary access to the European Union financial market under a broader trade deal in which finance may take a back seat to sectors such as fishing, financial industry officials said on...
Russia Blamed for Massive Cyber Attack Against Nation of Georgia in 2019
Feb 21 2020 // Georgia accused Russian military intelligence of organizing a “paralyzing” cyber attack last year and called for a reaction by the international community. Russia’s GRU was behind the...
In an About-Facebook, Zuckerberg Likes Internet Regulation As Way to Win Public Trust
Feb 18 2020 // For years, Facebook Inc. lobbied governments against imposing tough regulations, warning in some cases that they could harm the company’s business model. Now, it’s pleading for new rules for the good of its...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair
Feb 14 2020 // As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known...
