Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
New European Privacy Rules (GDPR) Pose Major Challenge for Facebook
Mar 20 2018 // Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a looming reality that came into stark relief over the weekend with revelations that a controversial political...
AXA Investment Managers Bullish About Europe as Asian Investors’ Interest Grows
Mar 20 2018 // Andrea Rossi doesn’t buy into the story that Europe is a dead end for growth. In fact, he sees luring Asian investors to his continent as one of the key ways AXA Investment Managers will expand in years to come. The...
UK Insurers, Banks Push Ahead with Relocating HQs – Despite Brexit Transition Deal
Mar 20 2018 // London-based banks and other financial firms won’t put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials said on...
EU Eyes Offering `Improved Equivalence’ for UK Financial Services After Brexit
Mar 20 2018 // The European Union will consider offering the U.K. “improved equivalence” for financial services after Brexit, according to the bloc’s latest negotiating guidelines, a system Britain has rejected as...
UK Government, Regulators to Examine Potential Risks from Cryptocurrencies
Mar 19 2018 // Britain’s government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister John Glen said on Monday. Glen said there had been an...
UK, EU Agree to 21-Month Brexit Transition Period; Clock Starts Ticking in March 2019
Mar 19 2018 // The U.K. clinched a deal that will buy it time in Brexit talks in a move the European Union’s chief negotiator hailed as a decisive step. But it’s all still contingent on finding a solution to the most...
XL Catlin Introduces Brexit Continuity Clause to Address Risk of Loss of EU Passporting
Mar 19 2018 // XL Catlin’s London-based insurance operation has introduced a Brexit contract continuity clause. The clause addresses the risk that contracts written by XL’s London-based entities prior to Brexit may become...
Luxembourg Aims to Attract More Insurers Seeking Post-Brexit Headquarters
Mar 16 2018 // Luxembourg is seeking to persuade at least two additional global insurers to make their post-Brexit home there after attracting American International Group Inc. and Sompo International Holdings Ltd., the head of its...
Study Links Severe Winter Weather in Northeastern U.S. to Arctic Temps
Mar 15 2018 // The frequency of extreme winter weather in the U.S. is sensitive to Arctic temperatures, and that’s something those paying weather-related losses may want to take note of. After all, you can’t spell polar...
ArgoGlobal Taps Chaucer’s Bull, QBE’s Garcia-Anton Lopez for Casualty Team
Mar 15 2018 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced the appointments of Geoffrey Bull, as casualty treaty underwriter, and Jaime Garcia-Anton Lopez, as professional indemnity (PI) underwriter....
London’s Future as Financial Center Uncertain Due to Brexit: UK Regulator
Mar 15 2018 // London’s future as a global financial center is uncertain because of Brexit and Britain faces a tough task to secure European Union market access for its banks and insurers, a top UK regulator said on Wednesday as he...
Argo Group Acquires Italian Specialty Insurer Ariscom
Mar 14 2018 // Argo Group International Holdings is the proud new owner of Italian specialty insurer Ariscom, giving it an efficient way to expand through Europe. Neither side disclosed financial details. Argo Group CEO Mark E. Watson...
Hard Brexit Would Cost UK, EU Firms $80B with UK Financial Services Worst Hit: Report
Mar 12 2018 // Companies in Britain and the European Union face an extra 58 billion pounds ($80 billion) in annual costs if there is a no-deal Brexit, with Britain’s vast financial sector set to be the worst-hit industry, according...
UK/EU Financial Services Industry Could Deal with ‘Hard Brexit,’ Says Official
Mar 9 2018 // Financial businesses have realistic expectations about serving European Union customers after Britain leaves the bloc next year and could deal with a so-called hard Brexit, a top EU official said on Thursday. The EU was...
Here Are Some Post-Brexit Scenarios for UK Financial Services
Mar 8 2018 // A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. The EU said on Wednesday that there...
Romanian Firm UiPath Ascends as Leader in Automating Business Tasks Such as Claims
Mar 7 2018 // Romanian firm emerges as leader in automating business tasks Romanian software firm UiPath has raised $153 million in new venture financing, marking both the company’s rapid ascent as a leader in automating routine...
PERILS Revises Loss Estimate for Europe’s Windstorm Zeus to €272M ($335.1M)
Mar 6 2018 // The final estimate of insured property market losses for extratropical cyclone Zeus, which mainly hit France last year on March 6-7, have been revised to €272 million (US$335.1 million), according to PERILS, the...
Sompo International to Launch Specialty Operation in Spain; Executive Team Named
Mar 6 2018 // Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain. Sompo currently has a London-based operation but must open EU-based headquarters in order to conduct business...
UK’s Prime Minister Defends Decision to Reject EU ‘Passporting’ for Insurers, Banks
Mar 5 2018 // Prime Minister Theresa May defended her decision to rule out so-called “passporting” rights for banks after Brexit, saying Britain could not become a “rule taker” when it came to financial...
20-Plus Insurers, Banks & Fund Firms Select Luxembourg as Post-Brexit HQs
Mar 1 2018 // More than 20 major international institutions chose to set up all or part of their activities in Luxembourg last year, the country’s financial development agency said on Thursday, linking the decisions to...
