Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU Rules for Responsible Investing to Be Set for Insurers, Asset Managers in 2021
Nov 5 2019 // European Union finance ministers are set to adopt new rules this week that will require asset managers, insurers and pension funds to disclose environmental and social risks in their investments from 2021. The overhaul is...
New EU Brexit HQs Opened by U.K. Financial Firms Face Watchdog Checks in 2020
Nov 5 2019 // New European Union hubs opened by British-based financial firms to avoid Brexit disruption will be scrutinized next year by the bloc’s markets watchdog to check whether they are gaming licensing requirements. This...
Vaping Safety Debate Between Researchers, Activists Intensifies with Mystery Illness
Nov 1 2019 // Portland State University chemistry professor David Peyton had never been attacked with such intensity. Peyton and a group of other chemists discovered almost five years ago that e-cigarettes could sometimes produce more...
All Countries at Risk from Spread of African Swine Fever: OIE
Oct 31 2019 // African swine fever will spread further across Asia where it has devastated herds, and no country is immune from being hit by the deadly animal virus, the head of the World Organisation for Animal Health (OIE) said on...
U.K. Company Insolvencies Rise to Highest Level Since 2014 on Brexit Crisis
Oct 31 2019 // The number of companies in England and Wales unable to pay their debts rose to an almost six-year high in the third quarter as the Brexit crisis intensified. There were 4,355 company insolvencies, 0.4% more than in the...
Broker Aon to Move Jurisdiction of Incorporation to Ireland Due to Brexit
Oct 29 2019 // Insurance broker Aon plans to move its parent company’s jurisdiction of incorporation to Ireland from Britain due to Brexit, it said in a statement on Tuesday. New York-listed Aon will keep its operational...
U.K. Aims to Ensure Post-Brexit Strength of Financial Services Sector: Minister
Oct 28 2019 // Britain will do whatever it can to ensure that its financial sector remains a major global player after Brexit, financial services minister John Glen said on Monday. “This government absolutely believes in the...
EU Agrees to Delay Brexit Until Jan. 31, as U.K. Parliament’s Impasse Continues
Oct 28 2019 // The European Union agreed a three-month flexible delay on Monday to Britain’s exit from the bloc as Prime Minister Boris Johnson pushes for an election after opponents forced him to request an extension he had vowed...
London Financial Firms at Risk of Being Cut Off from EU After Brexit: Official
Oct 24 2019 // Intense dialog between British and European Union financial regulators must start now or London risks being cut off from the bloc after Brexit, a top banking lobbyist said on Wednesday. Banks, insurers and asset managers...
EU Eyes Another Brexit Delay as U.K. Edges Toward Election to Break Impasse
Oct 23 2019 // EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible...
Now Boarding for Brexit: What Businesses Need to Do
Oct 22 2019 // Whether you are a U.S. firm or a firm from some other country and want to do business in the United Kingdom, the Brexit referendum may have changed your mind. In this article, we discuss some of the issues currently faced...
Brexit Creates Opportunities for Specialist Legacy Acquisition Insurers
Oct 18 2019 // Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union...
U.K. and EU Clinch 11th Hour Brexit Deal but Johnson Faces Parliament Hurdle
Oct 17 2019 // Britain secured a Brexit deal with the European Union on Thursday, more than three years after Britons voted to leave the bloc, but Prime Minister Boris Johnson must still win a knife-edge vote in parliament to get the...
EU-Based Britons Fuel Growth in Healthcare Insurance as Post-Brexit Fears Grow
Oct 17 2019 // Some Britons living in the Europe Union are worried about losing access to free healthcare after Brexit, opening up a potentially lucrative new market for European health insurers. “I am indebted to France for my...
Demand for Trade Credit Insurance Grows Rapidly, as Brexit Fuels Insolvency Concerns
Oct 16 2019 // Companies are stepping up purchases of insurance to protect themselves against insolvencies in Britain, industry sources say, in part due to concerns about the impact of Brexit. The UK economy is feeling the pinch from the...
Post-Brexit Trade Deal for Financial Services Less Vital as UK Firms Set Up EU Hubs
Oct 16 2019 // The growing tally of UK-based banks, insurers and asset managers opening hubs in the European Union means that a post-Brexit trade deal in financial services may be of limited importance to either side, the New Financial...
AXA Weighs Selling Central European Business, to Exit Non-Core Markets: Sources
Oct 15 2019 // French insurer AXA is considering selling its Central European business as part of a restructuring to quit markets where it lacks scale, three sources familiar with the situation said. AXA is undergoing a deep...
Finance District Leader Calls Brexit a ‘Moment of High Risk’ for London
Oct 15 2019 // Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number...
London Retains Status as Top Global Financial Services Center, Despite Brexit Chaos
Oct 15 2019 // From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with...
No-Deal Brexit Could Endanger Billions of Data Transfers; Some Firms Move Data Centers
Oct 11 2019 // If Britain hasn’t secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct. 31, billions of data transfers could be thrown into legal limbo. Though not as visible as lines of trucks backing...
