Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
China’s Anbang Insurance Bullish on Investing in Europe
Mar 20 2017 // The chairman of China’s privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic...
Greenlight Re Ireland Promotes O’Brien to CEO
Mar 17 2017 // Greenlight Reinsurance Ireland DAC*, the Dublin-based subsidiary of Greenlight Capital Re Ltd., announced the promotion of Patrick O’Brien to chief executive officer. O’Brien joined Greenlight Re Ireland as...
XL Catlin Expands Professional Indemnity Offering in Iberia
Mar 17 2017 // XL Catlin’s insurance operation in Iberia announced an extension of its professional indemnity coverage. Traditionally, the coverage protects professional service firms against legal costs and claims for damages to...
Rival EU Cities Compete to Attract UK Firms Seeking Post-Brexit HQs
Mar 15 2017 // Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms looking for a European Union base outside London after Brexit. Last week, U.S. insurer AIG...
Pirates Demand Ransom for Oil Tanker Hijacked off Coast of Somalia
Mar 15 2017 // Pirates off the coast of Somalia, who hijacked an oil tanker with eight Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force said. The pirates seized the Comoros-flagged Aris...
UK Prime Minister Gets Go-Ahead to Launch Divorce Talks with EU
Mar 14 2017 // Prime Minister Theresa May has won the right to launch divorce proceedings with the European Union and begin two years of talks that will shape the future of Britain and Europe. May, who was appointed prime minister...
Luxembourg Successfully Woos UK Finance Firms Seeking Post-Brexit HQs
Mar 10 2017 // Luxembourg is becoming a serious contender among nations bidding for business to come their way after the U.K.’s exit from the European Union, as insurers, asset managers and financial-technology companies are...
London Insurance Market Provides Brexit Negotiations’ Wish-List
Mar 10 2017 // A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients’ access to the London insurance market, according to the London Market Group (LMG), an association representing London’s...
UK Government Plans to Trigger Brexit Negotiations in Late March: Sources
Mar 9 2017 // Prime Minister Theresa May’s team increasingly expect the U.K. to trigger the start of Brexit talks in late March, according to two British officials and a European Union diplomat. While the end of next week remains...
AIG Plans to Launch Luxembourg-Based Insurer in 2019 in Preparation for Brexit
Mar 8 2017 // American International Group Inc. plans to locate an insurance company in Luxembourg to ensure continued smooth operation of its business across the European Economic Area (EEA) and Switzerland once the United Kingdom...
UK Prime Minister May Steps Up Battle Against Brexit Rebels
Mar 8 2017 // U.K. Prime Minister Theresa May is fighting back against Brexit rebels in her ruling Conservative Party as she steps up her battle to start the formal process of pulling Britain out of the European Union. The premier fired...
Brexit Without Trade Deal Could Have Dire Economic Consequences: CBI
Mar 7 2017 // If the UK leaves the European Union without being able to complete a Brexit trade deal, it could be forced into World Trade Organization tariffs – an option that is under serious consideration by the UK...
Global Political Environment Puts Business Interruption Top of Mind
Mar 6 2017 // According to the Summer/Fall 2016 Edition of the Clements Worldwide Risk Index, business interruption is the leading cause of losses for companies, multinational organizations and nongovernmental organizations (NGOs) that...
EU Nations May Be Competing ‘Unfairly’ to Attract UK Finance Firms After Brexit
Mar 3 2017 // The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial...
Canada’s Echelon Insurance Gets Danish Regulatory Nod to Sell Europe Unit
Mar 1 2017 // Canada-based Echelon Financial Holdings Inc. announced it has received regulatory approval from the Danish Financial Services Authority for the sale of its European operations. This completes the necessary regulatory...
Testing of EU Banks’ Cyber Defenses Needs Common EU Approach: Official
Feb 28 2017 // European Union countries should test bank defenses against cyber attacks using a common set of requirements, a senior EU official said on Tuesday, as the bloc plans measures to boost the retail market for financial...
Self-Driving Nissan Car Begins Tests on Streets of London
Feb 27 2017 // Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company’s first European tests of an autonomous...
Chubb Names Krishnan to Lead Global Accounts; Lakickas Is Division EVP
Feb 27 2017 // Chubb has announced two senior management appointments to its Global Accounts division, serving large and complex clients in Europe and around the world. Suresh Krishnan, currently executive vice president, Global...
UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit
Feb 24 2017 // U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry...
EU Lawmakers Call for Law Regulating Rise of Robots, Including Self-Driving Cars
Feb 24 2017 // European lawmakers on Feb. 16 called for EU-wide legislation to regulate the rise of robots, including an ethical framework for their development and deployment and the establishment of liability for the actions of robots...
