Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
UK Insurers, Banks to Get Regulatory Transition Period in Event of Hard Brexit
Mar 1 2019 // British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit. The Bank of England and Britain’s...
R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Stabilis
Feb 28 2019 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary, Accredited Insurance (Europe) Ltd., has signed a new program underwriting partnership with Stabilis MGA Ltd., a UK...
UK Financial Markets at Risk of Disruption with Hard Brexit: Regulator
Feb 28 2019 // Financial markets are still at risk of disruption if there is a no-deal Brexit, Britain’s Financial Conduct Authority said on Wednesday. FCA Chief Executive Andrew Bailey told a House of Lords committee that despite...
Britain Adopting EU Laws So Financial Firms Ready for ‘Any’ Brexit Outcome, Says Minister
Feb 26 2019 // Britain’s financial sector will continue to function properly whatever form Brexit takes, a junior minister said on Tuesday, though the head of an industry body said it would back proposals to avert Britain leaving...
Unpicking the Complicated Finances of UK Insurance Exec, Pro-Brexit Donor Banks
Feb 25 2019 // Ever since Brexit supporter Arron Banks made the largest political donation in British history he’s been dogged by questions about where he got the money. For a man who told the Financial Times he was worth 100...
UK Prime Minister to Be Forced to Request 3-Month Brexit Delay: EU Sources
Feb 22 2019 // The European Union expects U.K. Prime Minister Theresa May to be forced to request a three-month delay to Brexit, two EU officials said. Discussions between the two sides suggest May will ask for an extension to the...
Global Broking Network Brokerslink Appoints Gavriel as European Regional Manager
Feb 21 2019 // Global broking network Brokerslink has appointed Christos Gavriel to the role of regional manager for Europe. Gavriel has a strong background in insurance having previously held various international roles at AIG before...
MGA Coalition Covers Firms with Cyber Exposure Under EU’s Data Privacy Law
Feb 20 2019 // Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European...
Aviva Gets Court Approval to Move Assets to Ireland as Part of Wider Brexit Wave
Feb 20 2019 // England’s High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion) in assets to a new Irish company just before the starting gun is fired...
UK Probe of Wholesale Brokers Finds No Evidence of Anti-Competitive Behavior
Feb 20 2019 // Britain’s wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for an industry already spending millions of pounds on Brexit. London’s insurance...
Allianz Targets Tech, Insurance Investments with $1.1B Venture Capital Fund
Feb 20 2019 // European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a...
A.M. Best Makes Senior Management Changes, Restructures Organization
Feb 19 2019 // A.M. Best announced that Roger Sellek will step down as CEO of its Europe, Middle East and Africa (EMEA) and Asia Pacific (AP) regions at the end of March. As part of its succession planning process, A.M. Best has also...
UK-EU Negotiators Work to Find Brexit Deal Compromise with Time Running Out
Feb 19 2019 // U.K. and European officials are working on a new legal text for the most contentious part of the Brexit deal, but time is running out for Prime Minister Theresa May to persuade a fracturing Parliament to unite behind her...
What’s Next for Brexit? Options Include Disorderly, Delayed or No Brexit
Feb 15 2019 // Britain’s parliament last month demanded Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen. With just six weeks until the United...
Insurer Lancashire to Use Lloyd’s EU Hub in Brussels After Brexit
Feb 15 2019 // Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. “We...
UK PM May Scrambles to Find Brexit Compromise as Clock Ticks Down
Feb 15 2019 // British Prime Minister Theresa May is preparing to compromise with the European Union over the future of Ireland’s border, with just two weeks left to save her Brexit deal. Brexit Secretary Stephen Barclay privately...
Chubb Appoints Bryant as Head of Financial Lines, Continental Europe
Feb 14 2019 // Chubb announced the appointment of Kyle Bryant to the newly created position of head of Financial Lines for Continental Europe. In this role, Bryant will have responsibility for leading Chubb’s Financial Lines team...
UK Insurer Aviva Prepares for ‘Hard Brexit’ by Transferring Assets from UK
Feb 14 2019 // Aviva Plc asked a London court to approve the transfer of assets totaling 9 billion euros ($10.2 billion), saying the uncertainty from Brexit was “intensifying” as it joined other insurers and banks triggering...
EU Markets Regulator Seeks Rapid Response Powers for Post-Brexit Problems
Feb 14 2019 // The European Union’s markets regulator urged lawmakers on Wednesday to give it “rapid” response powers to deal with problems that may arise after Brexit. The European Parliament has proposed that the...
AXA XL Merges European Teams with Job Losses Expected
Feb 12 2019 // AXA XL announced another step in its post-merger integration which is expected to lead to job losses in Europe. AXA XL said it began transferring employees in Europe into a single employing company at the beginning of...
