Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU Parliament Panel Backs Stricter Copyright Rules Opposed by Tech Leaders
Jun 21 2018 // Google, Facebook , Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday. The copyright rules, proposed by...
Allianz’ CEO Seeks Big M&A – But He Doesn’t Want to Pay for It: Opinion
Jun 19 2018 // The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it. Three years into the job, and things...
Climate Change Lawsuits a Growing Threat: Opinion
Jun 18 2018 // Last month, a group of 10 families filed an action against the European Union at the European General Court, the EU’s second highest court. All claim to have suffered loss from climate change. Specifically, they...
CEO of VW’s Audi Arrested in Germany over Emissions Cheating Scandal
Jun 18 2018 // German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal. Munich prosecutors,...
Massive Cyber Attack of UK Retailer Dixons Carphone Prompts Data Watchdog Probe
Jun 15 2018 // The U.K.’s data-protection watchdog said it’s investigating a cyber attack at Dixons Carphone Plc that affected almost 6 million payment cards. The retailer, already struggling with a slowing mobile-phone...
Sompo International Launches Transaction Risk Insurance in Europe
Jun 15 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s European specialty platform has introduced a new...
UK Insurance Entrepreneur Banks Accuses Lawmakers of `Witch Hunt’ to Derail Brexit
Jun 13 2018 // Arron Banks, one of the self-described “bad boys of Brexit,” said he has no business interests in Russia and there was no evidence of a conspiracy connected to Britain’s vote to leave the European...
Navigators Completes Acquisition of Belgian Specialty Insurer for €35M ($41.3M)
Jun 12 2018 // The Navigators Group Inc. has completed the acquisition of Bracht, Deckers & Mackelbert NV (BDM), a specialty underwriting agency, and its affiliated insurance company, Assurances Continentales – Continentale...
Zurich Insurance Buys Minority Stake in InsurTech Startup CoverWallet
Jun 11 2018 // Zurich Insurance Group has acquired a minority stake in CoverWallet, a digital business insurance agency startup. CoverWallet, which launched in 2016, said the investment builds on commercial partnership between the two...
Property MGA EPUL Offers Online Terrorism Cover as Pool Re Alternative in UK
Jun 11 2018 // European Property Underwriting Ltd. (EPUL), the London-based commercial property managing general agent (MGA), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an...
Arch Capital Chooses Dublin for Its Post-Brexit EU Headquarters
Jun 11 2018 // Bermuda-based Arch Capital Group Ltd. plans to expand the group’s underwriting operations in Dublin to ensure continuity of its operations across the European Union (EU) when the United Kingdom leaves the...
Allianz, UniCredit Form Bancassurance Partnership in Central & Eastern Europe (CEE)
Jun 8 2018 // Allianz Group and UniCredit have signed a long-term bancassurance cooperation agreement in the Central and Eastern Europe (CEE) region. With this agreement, which will gradually start in the second half of 2018, UniCredit...
Lawmaker Calls for UK to Uphold Financial Services Competitiveness After Brexit
Jun 8 2018 // Britain’s financial regulators should have a formal objective to keep London’s banking and insurance sectors globally competitive after Brexit, a senior lawmaker said on Thursday. The now defunct Financial...
Insurance Cutback Among Reasons Europeans Withdrawing from Iranian Oil Market
Jun 7 2018 // European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran, company and trading sources said. The...
RSA Receives Approval for Luxembourg Subsidiary for Post-Brexit EU Business
Jun 6 2018 // Insurer RSA Group has received licence approval for its new insurance subsidiary in Luxembourg from the r Commissariat aux Assurances (CAA). RSA Luxembourg is being established in preparation for the United Kingdom’s...
UK Minister Vows Financial Services to Remain ‘National Priority’ After Brexit
Jun 5 2018 // Financial services will remain a “guiding light” for Britain’s economy after Brexit and there is no intention to “rip up the rulebook” to compete better as a top financial center, a government...
QBE’s Lingafelter to Head Berkshire Hathaway Specialty in Australasia as Colahan Moves to UK, Europe
Jun 4 2018 // Berkshire Hathaway Specialty Insurance (BHSI) has appointed Mark Lingafelter as president, BHSI, Australasia. He assumes responsibility for the BHSI Australasia region from Chris Colahan, who is moving into the role of...
Climate Change at ‘Tipping Point,’ Says Europe’s Biggest Asset Manager
Jun 1 2018 // The world’s deepest-pocketed investors are starting to take climate change seriously, according to Amundi SA. “We are really observing a tipping point among the institutional investors on climate change,”...
European Commission Proposes Motor Insurance Reforms
Jun 1 2018 // The European Commission has proposed a series of proposals to strengthen European Union rules on motor insurance including one to assure that victims of accidents receive full compensation even when an insurer is...
European Corporations Given Guidance on Factoring Climate Risk in Financials
May 31 2018 // The European Bank for Reconstruction and Development has published guidance for companies reporting on the physical impact of climate change in their financial results. Concerns in the financial community that assets are...
