Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Portugal Battles Wildfire as Intense Heat Wave Continues Across Europe
Aug 7 2018 // Emergency services in Portugal continued their fight Monday against a major, four-day wildfire on the south coast that threatened to engulf a hillside town overnight. The Civil Protection Agency said 44 people required...
No-Deal Brexit Doomsayers Could Be Helping UK Prime Minister in Negotiations
Aug 7 2018 // Is a no-deal Brexit becoming more likely? U.K. Trade Secretary Liam Fox puts the chances at 60 percent. And while Theresa May sees that as an overestimate, her office has been careful not to dispute Fox’s argument...
UK Is Facing Messy, No-Deal Brexit, Warns Trade Secretary Fox
Aug 6 2018 // Prime Minister Theresa May’s ministers are ratcheting up warnings that Brexit talks risk ending in failure, with International Trade Secretary Liam Fox on Sunday predicting a messy split from the European...
Odds of No-Deal Brexit Are ‘Uncomfortably High,’ Warns BOE’s Carney
Aug 3 2018 // Mark Carney threw himself back into the thick of the Brexit debate on Friday, saying the chance of the U.K. dropping out of the European Union without a deal is “uncomfortably high.” The intervention suggests...
Allianz Beats Q2 Profit Estimates with Help of PIMCO Bond Fund Unit
Aug 3 2018 // Allianz SE said strong growth across its businesses lifted second-quarter profit as Europe’s largest insurer keeps the market waiting on any acquisitions it will undertake. The gains help keep Allianz on track to...
CNA Hardy’s EU Subsidiary Granted Insurer License in Luxembourg
Aug 2 2018 // CNA Hardy, the specialist commercial insurer writing business within the Lloyd’s and company markets, announced that its new European subsidiary has successfully been granted an insurance company license by...
Broker THB Taps Bertelkamp from Ansvar Insurance as European Operations Director
Aug 1 2018 // THB, the London-based specialist re/insurance broker and AmWINS subsidiary, announced the appointment of Ko Bertelkamp as operations director of THB Europe, effective immediately. Ko Bertelkamp is based in Amsterdam and...
UK’s Financial Services Exports Highlight Need to Keep Post-Brexit Access: Officials
Aug 1 2018 // Britain’s exports of financial services to the European Union hit a record high last year, highlighting the need for the City to preserve access to the bloc after Brexit, industry officials said on Tuesday. Exports...
Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources
Jul 31 2018 // Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU,...
India Weighs Comprehensive Data Privacy Bill, Similar to EU’s GDPR
Jul 31 2018 // A draft of a sweeping data privacy bill has been submitted to India’s government that, if enacted, will restrict the transfer and storage of information on more than 1 billion people by global technology corporations...
Chubb Takes New Steps in Its Brexit Preparations to Redomicile to France
Jul 27 2018 // Chubb European Group announced it has achieved an important regulatory step in its Brexit preparations to redomicile its businesses to France. This provides Chubb’s customers “with continuous, uninterrupted...
Markel’s New German Insurer Rated ‘A’ by A.M. Best
Jul 27 2018 // Markel Corp. announced that its newly licensed German insurance company, Markel Insurance SE (MISE), has been given an “A” financial strength rating by A.M. Best. MISE has been established to meet the insurance...
International Underwriting Association Issues 2nd Brexit Contract Continuity Clause
Jul 27 2018 // A second Brexit contract continuity clause has been published by the International Underwriting Association (IUA). The association in June issued a policy clause to help companies manage insurance contracts as the UK...
Fires, Floods & Heatwaves on 3 Continents: Blame the Jet Stream, a Warming World
Jul 27 2018 // Sweltering? Swimming? Choking on wildfire smoke? Blame it on the jet stream and a warming world. Kinked, buckled, stuck or stalled, it doesn’t matter how you describe it, the jet stream — the ribbon of wind...
Trump, EU Agree to Trade Talks; Place Auto Tariffs on Hold
Jul 26 2018 // In what the EU chief called a “major concession,” U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing...
Global H1 Insured Natural Disaster Losses 40% Lower than 10-Year Average: Aon
Jul 26 2018 // Global insured losses from natural disasters for the first half were preliminarily estimated at US$21 billion, which is 40 percent lower than the 10-year average of US$35 billion and 19 percent lower than the 18-year...
Insurers, Banks Warned to Prepare for Market Turmoil on Brexit Day
Jul 26 2018 // The Bank of England is war-gaming with lenders and insurers for potential market turmoil on Brexit day. Sam Woods, the central bank’s top supervisor, said contingency planning for Britain’s withdrawal from the...
Brexit Is Greatest Structural Challenge Facing London Company Market: IUA Chairman
Jul 26 2018 // Brexit is the greatest structural challenge facing the London company market, said the chairman of the International Underwriting Association, Malcolm Newman. The UK’s break from the EU is affecting insurers, brokers...
Extreme Weather in Europe and Asia Sparks Wildfires, Floods
Jul 26 2018 // Extreme weather that’s gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that’s parched crops and sparked devastating forest fires. Temperatures have...
Willis Towers Watson Strengthens Facultative Reinsurance Team in France
Jul 25 2018 // Willis Towers Watson announced it has reinforced its existing facultative reinsurance business in France by strengthening and growing its Paris-based team. The global advisory, broking, and solutions company has...
