Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Transamerica Owner Aegon’s Profits Up; Shares Drop on Solvency Concerns
May 11 2017 // Aegon, the Dutch insurer that does most of its business in the United States, on Thursday reported first-quarter net income of 378 million euros ($411 million), helped by the performance of its investment...
AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital
May 10 2017 // AXA Chief Executive Thomas Buberl plans to overhaul the group’s U.S. operations, proposing to float its American life insurance and asset management businesses in 2018 in order to free up capital and pursue takeover...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
Insurance Hub Gibraltar Plans for End of EU Passporting After Brexit
May 9 2017 // Gibraltar is preparing for a post-Brexit setup in which its firms will have no longer access to the European Union market but will maintain a preferential relationship with Britain, a top Gibraltar financial official said...
More Than 25% of UK Financial Firms Make Plans for EU HQs on Brexit: EY
May 9 2017 // More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY. That’s a 50 percent...
Beazley Taps HCC Global’s Segovia to Lead Financial Lines on Continent
May 5 2017 // Specialist insurer Beazley has appointed Lorena Segovia to the newly created role of financial lines regional manager for continental Europe. Based in the company’s new Barcelona office, Segovia will be responsible...
Luxembourg ‘Not Offering’ Special Deals to Lure Financial Firms After Brexit
May 5 2017 // Luxembourg is in talks with a wide range of financial firms looking to relocate out of London as Britain leaves the European Union, but it will not offer sweeteners to undercut rival centers, Finance Minister Pierre...
QBE to Move European HQ from London to Continent After Brexit
May 3 2017 // QBE Insurance Group will move its European base from London to the continent because of uncertainty in accessing the European market after Brexit, the chairman of Australia’s largest international insurer said on...
Complex Solvency II Reporting Puts Off Insurer Investors: Willis Towers Watson
May 2 2017 // The insurance sector is at risk of being further marginalized by investors because performance reporting has become more complicated as a result of Solvency II, according to a report published jointly by Autonomous...
London Market Group Re-Appoints Aubert as Chairman
Apr 28 2017 // The London Market Group (LMG) announced the re-appointment of Nicolas Aubert, head of Great Britain for Willis Towers Watson, as its chair. The last 12 months has seen progress across all LMG’s workstreams, including...
Political Risk Tops List of Worries for Insurers Across Globe: GS Survey
Apr 27 2017 // Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday. Political events have overtaken...
FM Global Chooses Luxembourg as Post-Brexit EU HQ
Apr 26 2017 // U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain’s decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned...
Large Claims Becoming More Expensive, Complex & Global: Allianz
Apr 25 2017 // Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty...
Liberty Taps XL Catlin’s McKay for New Distribution & Client Mgmt Role
Apr 25 2017 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kerry McKay to the newly created role of head of Distribution and Client Management for Continental Europe. He will report directly to...
Demand Rises for Political Risk Cover as Buyers Think the Unthinkable
Apr 25 2017 // Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say...
U.K. Has 1st Day Without Burning Coal for Power Since 1880s
Apr 24 2017 // The U.K. had its first full day without burning coal to make electricity since the Industrial Revolution more than a century ago, according to grid operator National Grid Plc. “Friday 21st April 2017 was the first...
Global Insurance Industry Set to Grow by 4.5% in 2017-2018: Munich Re
Apr 21 2017 // The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re. While premium income is...
Slow Computers & Internet, Outdated Systems Demoralize EU Workers: Survey
Apr 20 2017 // It was the third hour of doing nothing that broke James Scott. The 25-year-old researcher was sitting at his desk at an insurance firm in northern England when the internet went down. And with it went access to all of his...
Uber Sees EU Growth Despite Impending EU Court Ruling, Denmark Setback
Apr 19 2017 // Uber Technologies sees opportunities to expand in the Europe Union, despite withdrawing its ride-hailing service from Denmark and facing the possibility of an EU court ruling that could mean tougher rules for the firm, an...
UK Prime Minister May Seeks Early Election to End Brexit Divisions
Apr 18 2017 // U.K. Prime Minister Theresa May said she will seek an early election on June 8, in an unexpected gamble aimed at strengthening her hand going into talks on leaving the European Union. The surprise statement came less than...
